Capella Expands Copper-Gold Portfolio with Earn-In Agreement on the Solana IOCG Project, Southern Spain

About this update from Capella Minerals Limited

VANCOUVER, BC, Jan. 15, 2026 /CNW/ - Capella Minerals Ltd. (TSXV: CMIL) (FRA: N7D2) ("Capella" or the "Company") is pleased to announce that it has signed a binding Letter of Intent ("LOI") with Verde Minerals Ltd ("Verde") with respect to an Earn-In Agreement (the "Agreement") on the Solana Iron Oxide Copper-Gold ("IOCG") project in southern Spain. The Solana IOCG project is located 80 km NW of the regional centre / port of Almeria and 20km E of the Alquife iron mine, and is a district-scale (35+km in length) project which includes the former producing Cerro de Gallo and Solana high-grade vein-hosted copper-gold deposits and the copper-rich Conde Xiquena haematite mine. The Solana project consists of a series of laterally-extensive, NNW-trending haematite-rich copper-gold veins hosted dominantly within Proterozoic-age meta-sedimentary rocks and underlain by felsic intrusions. Whilst future exploration programs at Solana will evaluate the resource potential of the extensive high-grade vein systems, the Company's primary focus will be on the evaluation of buried IOCG-type deposits which the Company interprets to be source for the outcropping copper-gold veins. Highlights The Company expects exploration activities to commence immediately at Solana, with initial drill target definition in early-2026 to be followed up by first-pass diamond drilling in late-2026. Seasoned geologist John Gray has been designated Project Manager for Solana. Eric Roth, Capella's President and CEO, commented: "I am extremely pleased to be announcing the incorporation of the Solana Iron-Oxide Copper-Gold project in to Capella's exploration and development portfolio. The Solana project represents a new geological target type for southern Spain, with only limited historical exploration having been completed since the closure of operating mines in the 1920's. Indeed, whilst most exploration companies operating in the Iberian Peninsula have focused on the Cretaceous-age Pyrite Belt of southwestern Spain, the Solana IOCG project represents a new concept for potential copper-gold discoveries. I sincerely look forward to keeping all stakeholders updated as we move forward with exploration at Solana". Terms of the LOI The binding LOI with Verde remains subject to acceptance by the TSX Venture Exchang...

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