Fortuna reports third quarter 2026 production of 69,665 gold equivalent ounces and advances key growth initiatives

• H2 2026: Expected commencement of construction activities, including site preparation, camp expansion, procurement of long-lead items, and advancement of EPCM activities.

• Q2 2027: Expected commencement of underground mining at the Sunbird deposit.

• H2 2028: Targeted ramp-up to the expanded processing plant throughput of approximately 2.3 Mtpa.

HIGHLIGHTS FOR THE THREE MONTHS ENDED JUNE 30, 2026

Financial

• Sales were $318.4 million, an increase of 38% from the $230.4 million reported in the three months ended June 30, 2025 (“Q2 2025”)

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• Mine operating income was $183.5 million, an increase of 75% from the $105.0 million reported in Q2 2025

• Operating income was $156.9 million, an increase of $73.2 million from the $83.7 million in operating income reported in Q2 2025

• Attributable net income from continuing operations was $75.5 million or $0.25 per share, an increase from attributable net income of $42.6 million or $0.14 per share reported in Q2 2025

• Adjusted attributable net income (refer to Non-IFRS Financial Measures) was $75.5 million compared to $44.7 million in Q2 2025, representing a 69% increase

• Adjusted EBITDA (refer to Non-IFRS Financial Measures) was $200.8 million compared to $133.3 million reported in Q2 2025, representing a 51% increase

• Free cash flow from ongoing operations (refer to Non-IFRS Financial Measures) was $85.7 million compared to $57.4 million reported in Q2 2025, representing a 49% increase

• Net cash provided by operating activities from continuing operations was $138.3 million, an increase of 49% from the $92.7 million reported in Q2 2025

Operating

• Gold production of 62,512 ounces, a 1% increase from Q2 2025

• Silver production of 231,294 ounces, a 4% decrease from Q2 2025

• Lead production of 7,815,387 pounds, a 12% decrease from Q2 2025

• Zinc production of 12,037,240 pounds, a 6% decrease from Q2 2025

• Consolidated All-in Sustaining Costs (“AISC”) of $2,157 per ounce on a gold equivalent sold basis compared to $1,932 per ounce for Q2 2025. See “Non-IFRS Measures - All-in Sustaining Cash Cost per Ounce of Gold Equivalent Sold” for additional information

Health & Safety

With deep regret, we reported a fatal accident involving an employee of one of our mining contractors in May at the Séguéla Mine. The accident involved a haul truck. Following the accident, a comprehensive investigation was completed and resulting learnings have been incorporated into the Company’s ongoing safety and operational controls.

The Company recorded one lost time injury, one restricted work injury, and one medical treatment injury over 3.2 million hours worked during the period. As a result, the year-to-date lost time injury frequency rate (“LTIFR”) at the end of the quarter was 0.17 per million hours worked, compared to 0.00 in Q2 2025. The total recordable injury frequency rate (“TRIFR”) was 1.21 per million hours worked, compared to 0.87 in Q2 2025.

Environment

During the second quarter of 2026, there were no serious environmental incidents, no incidents of non-compliance related to water permits, standards, and regulations and no material environmental fines recorded.

Community Engagement

During the second quarter of 2026, there were no material disputes with communities at any of our sites. The Company recorded 517 local stakeholder engagement activities during the period, including consultation meetings with local administration and community leaders, participation in ceremonies and courtesy visits.

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Operating and Financial Highlights From Continuing Operations

A summary of the Company’s consolidated financial and operating results for the three and six months ended June 30, 2026 and 2025 is presented below:

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(1) Refer to Non-IFRS financial measures.

(2) Gold equivalent was calculated using the realized prices for gold of $4,447/oz Au, $75.22/oz Ag, $1,930/t Pb and $3,464/t Zn for Q2 2026. Gold equivalent was calculated using the realized prices for gold of $3,307/oz Au, $33.8/oz Ag, $1,945/t Pb and $2,640/t Zn for Q2 2025. Gold equivalent was calculated using the realized prices for gold of $4,667/oz Au, $78.32/oz Ag, $1,925/t Pb and $3,363/t Zn for YTD 2026. Gold equivalent was calculated using the realized prices for gold of $3,103/oz Au, $32.8/oz Ag, $1,958/t Pb and $2,747/t Zn for YTD 2025.

(3) Capital expenditures are presented on a cash basis.

Figures may not add due to rounding.

Discontinued operations have been removed where applicable.

FINANCIAL RESULTS FROM CONTINUING OPERATIONS

Sales

(1) Adjustments consist of mark to market, final price and assay adjustments.

Based on provisional sales before final price adjustments. Net after payable metal deductions, treatment, and refining charges.

Treatment charges are allocated to base metals at Caylloma.

Discontinued operations have been removed.

Second Quarter 2026 vs Second Quarter 2025

Consolidated sales from continuing operations for the three months ended June 30, 2026 were $318.4 million, a 38% increase from the $230.4 million reported in the same period in 2025. Sales by reportable segment for the three months ended June 30, 2026 were as follows:

• Lindero recognized sales of $90.3 million from the sale of 20,404 ounces of gold, a 19% increase from the comparable period in 2025. Sales increased at Lindero as a result of higher realized metal prices of $4,422 per gold ounce compared to $3,293. Higher metal prices were partially offset by lower production due to a maintenance shutdown of the primary crusher and work completed on the agglomerator. See "Results of Operations – Lindero Mine, Argentina" for additional information.

• Séguéla recognized sales of $185.7 million from the sale of 41,677 ounces of gold, an increase of 47% over the comparable period. Higher sales at Séguéla were the result of higher production from higher grades as well as a realized metal price of $4,456 per gold ounce compared to $3,315 in the comparable period. See "Results of Operations – Séguéla Mine, Côte d’Ivoire" for additional information.

• Caylloma recognized sales of $44.8 million compared to $28.4 million reported in the same period in 2025. Increased sales were driven by higher realized silver prices of $75.33 per ounce compared to $33.76 per ounce in the comparable period. See "Results of Operations – Caylloma Mine, Peru" for additional information.

First Six Months of 2026 vs First Six Months of 2025

Consolidated sales from continuing operations for the six months ended June 30, 2026 were $660.9 million, a 55% increase from the $425.5 million reported in the same period in 2025. Sales by reportable segment for the six months ended June 30, 2026 were as follows:

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• Lindero recognized sales of $191.8 million from the sale of 41,587 ounces of gold, a 49% increase from the comparable period in 2025. Sales increased at Lindero as a result of higher realized metal prices of $4,633 per gold ounce compared to $3,108. See "Results of Operations – Lindero Mine, Argentina" for additional information.

• Séguéla recognized sales of $392.0 million from the sale of 83,731 ounces of gold, an increase of 65% over the comparable period. Higher sales at Séguéla were the result of higher production from higher grades as well as higher realized metal prices of $4,682 per gold ounce compared to $3,101 in the comparable period. See "Results of Operations – Séguéla Mine, Côte d’Ivoire" for additional information.

• Caylloma recognized sales of $78.9 million compared to $59.2 million reported in the same period in 2025. Increased sales were driven by higher realized silver prices of $78.40 per ounce compared to $32.76 per ounce in the comparable period. The increase was partially offset by lower base metal production. See "Results of Operations – Caylloma Mine, Peru" for additional information.

Operating Income (Loss) and Adjusted EBITDA

(1) As a percentage of sales.

(2) Refer to Non-IFRS Financial Measures.

Figures may not add due to rounding.

Discontinued operations have been removed.

Second Quarter 2026 vs Second Quarter 2025

Operating income for the three months ended June 30, 2026 was $156.9 million, an increase of $73.2 million over the same period in 2025 which was primarily due to:

• Higher operating income at the Lindero Mine was primarily the result of higher sales and partially offset by increased operating costs due to maintenance and rehandling costs as well as higher Argentine Peso denominated costs due to macroeconomic factors and rising diesel prices. Depletion per ounce also increased due to an impairment reversal on mineral properties in the third quarter of 2025.

• The Séguéla Mine recognized operating income of $115.7 million in the second quarter compared to $62.0 million in the comparable period. The increase in operating income was a result of higher sales and lower depletion per ounce due to an increase in reserves partially offset by higher royalties. Operating income for the second quarter of 2026 included $11.5 million in depletion related to the purchase price of Roxgold Inc. in 2021.

• Operating income at the Caylloma Mine for the second quarter of 2026 increased by $11.0 million compared to 2025 as a result of higher silver sales.

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After adjusting for items that are not indicative of future operating earnings, adjusted EBITDA (refer to Non-IFRS Financial Measures) was $200.8 million for the three months ended June 30, 2026, an increase of $67.5 million over the same period in 2025. Higher adjusted EBITDA was primarily the result of higher sales.

The most comparable IFRS measure to the Non-IFRS measure adjusted EBITDA is net income from continuing operations. Net income from continuing operations for the three months ended June 30, 2026 was $83.7 million, a $39.6 million increase from the $44.1 million reported in the comparable period. Refer to the discussion above and to the section entitled “Non-IFRS Measures” for more detailed information.

First Six Months of 2026 vs First Six Months of 2025

Operating income for the six months ended June 30, 2026 was $337.0 million, an increase of $197.3 million over the same period in 2025 which was primarily due to the same factors described above.

After adjusting for items that are not indicative of future operating earnings, adjusted EBITDA (refer to Non-IFRS Financial Measures) was $419.6 million for the six months ended June 30, 2026, an increase of $183.8 million over the same period in 2025. Higher adjusted EBITDA was primarily the result of higher sales

The most comparable IFRS measure to the Non-IFRS measure adjusted EBITDA is net income from continuing operations for the six months ended June 30, 2026 was $203.7 million, a $94.8 million increase from the $108.9 million reported in the comparable period. Refer to the discussion above and to the section entitled “Non-IFRS Measures” for more detailed information.

All-in Sustaining Cost (“AISC”)

Second Quarter 2026 vs Second Quarter 2025

Consolidated AISC per gold equivalent ounce (“GEO”) sold from continuing operations for the second quarter of 2026 was $2,157 compared to $1,932 for the comparable quarter. Factors that contributed to higher AISC for the period were:

• A $105/oz increase in cash costs mainly due to maintenance shutdowns at Lindero, real appreciation of the Peso increasing USD operating costs, and rising diesel prices

• A $74/oz increase from royalties as a result of higher realized metal prices

• ($48)/oz from lower G&A primarily due to lower share-based compensation

• $94/oz for higher sustaining capital due to capitalized stripping at Séguéla and project work at Caylloma

First Six Months of 2026 vs First Six Months of 2025

Consolidated AISC per gold equivalent ounce (“GEO”) sold from continuing operations for the first six months of 2026 was $2,134 compared to $1,846 for the comparable period. Factors that contributed to higher AISC for the period were:

• A $94/oz increase due to higher cash costs

• A $93/oz increase from royalties as a result of higher realized metal prices

• $90/oz for higher sustaining capital due to capitalized stripping at Séguéla and project work at Caylloma

• The comparable period included a ($10)/oz benefit related to the gain on blue chip swaps in Argentina

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General and Administrative (“G&A”) Expenses

G&A expenses for the three months ended June 30, 2026 decreased 14% to $18.7 million compared to $21.6 million reported in the same period in 2025. The decrease was a result of lower share-based compensation caused by a decline in the Company’s share price and the resulting change in value of share units expected to settle in cash.

For the six months ended June 30, 2026, the G&A expenses increased 2% to $46.5 million compared to $45.5 million reported in the same period in 2025 with lower share-based compensation offsetting higher G&A costs due to timing of spend.

Foreign Exchange

Foreign exchange loss for the three months ended June 30, 2026 was $6.3 million compared to a $2.3 million gain reported in the same period in 2025. The higher foreign exchange loss in the quarter was due to the purchase of US dollars in Argentina to repatriate funds and a devaluation of the Peso and the impact on cash and VAT balances.

Foreign exchange loss for the six months ended June 30, 2026 was $8.4 million compared to a $2.5 million gain reported in the same period in 2025. The higher foreign exchange loss in the period was due to the purchase of US dollars in Argentina to repatriate funds and a devaluation of the foreign currencies relative to the US Dollar and the impact on cash and VAT balances held locally.

Income Tax Expense

Income tax expense for the three months ended June 30, 2026 was $71.0 million compared to $33.7 million reported in the same period in 2025. The $37.3 million increase in income tax expense was due to higher net income before taxes, the devaluation of the Peso and the impact on tax balances in local currency in Argentina as well as the accrual of $14.9 million in withholding taxes primarily for planned repatriation of cash from subsidiaries.

Income tax expense for the six months ended June 30, 2026 was $129.4 million compared to $49.0 million reported in the same period in 2025. The $80.4 million increase in income tax expense was due to higher net income before taxes as well as the accrual of $27.2 million in withholding taxes for planned repatriation of cash from subsidiaries.

The effective tax rate (“ETR”) for the three months ended June 30, 2026 was 46% compared to 41% for the same period in 2025. The increase in the ETR for Q2 2026 was primarily due to a higher deferred tax expense as a result of the accrual of withholding taxes and the impact of macro-economic factors on tax balances in Argentina.

The effective tax rate (“ETR”) for the six months ended June 30, 2026 was 39% compared to 36% for the same period in 2025. The increase in the ETR for 2026 was due to the same factors described above.

The Company is subject to tax in various jurisdictions, including Peru, Mexico, Argentina, Côte d’Ivoire, Senegal, Australia, and Canada. There are a number of factors that can significantly impact the Company’s ETR including the geographic distribution of income, variations in our income before income taxes, varying rates in different jurisdictions, the non-

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recognition of tax assets, local inflation rates, fluctuation in the value of the United States dollar and foreign currencies, changes in tax laws, and the impact of specific transactions and assessments. As a result of the number of factors that can potentially impact the ETR and the sensitivity of the tax provision to these factors, the ETR will fluctuate, sometimes significantly. This trend is expected to continue in future periods.

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RESULTS OF OPERATIONS

Lindero Mine, Argentina

The Lindero Mine is an open pit gold mine located in Salta Province in northern Argentina. Its commercial product is gold doré. The table below shows the key metrics used to measure the operating performance of the mine: tonnes placed on the leach pad, grade, production, and unit costs:

(1) Cash cost and All-in sustaining cash cost are non-IFRS financial measures.

Refer to Non-IFRS Financial Measures.

(2) Capital expenditures are presented on a cash basis.

Quarterly Operating and Financial Highlights

In the second quarter of 2026, a total of 1,558,750 tonnes of ore were placed on the heap leach pad, with an average gold grade of 0.64 g/t, containing an estimated 32,008 ounces of gold. Ore mined was 1.38 million tonnes, with a stripping ratio of 1.81:1. During the first half of 2026, Lindero placed on the leach pad approximately 95% of the ounces planned for the period required to achieve the midpoint of its annual production guidance.

Lindero’s gold production for the quarter was 20,829 ounces compared to 23,550 ounces in the comparable period. Lower production was due to Lindero completing key capital projects aimed at improving comminution reliability and availability, which required a planned 30-day shutdown of the primary crusher to replace its steel foundations.

The cash cost per ounce of gold for the quarter was $1,459 compared to $1,148 in the same period of 2025. The increase in cash costs was primarily driven by lower gold production and higher maintenance costs associated with the 30-day shutdown of the primary crusher as well as real appreciation of the Argentine Peso increasing costs in US dollar terms and rising diesel prices.

In the second quarter of 2026, AISC per gold ounce sold increased to $2,265 compared to $1,783 in the comparable period of 2025. The increase in AISC was due to lower payable ounces sold and higher production cash costs.

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Séguéla Mine, Côte d’Ivoire

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Latin America region

Lindero Mine, Argentina: Gold production increases 25% quarter-over-quarter; on track to meet annual guidance

Notes:

1. Refer to Fortuna news release dated July 9, 2026, “Fortuna reports second quarter 2026 production of 72,217 gold equivalent ounces and advances key growth initiatives.”

2. Production includes doré, gold-in-carbon, and gold in copper concentrate.

Mining

During the third quarter of 2026, Lindero mined 2.3 million tonnes of ore at a strip ratio of 0.85:1 and stacked 1.9 million tonnes on the leach pad at an average grade of 0.63 g/t, containing an estimated 37,746 ounces of gold. Gold ounces placed on the leach pad increased by 18% compared with the second quarter, driven by improved mechanical availability across the processing circuit and higher crushing and stacking rates.

During the first nine months of 2026, Lindero placed approximately 99% of the planned gold ounces for the period on the leach pad.

Processing

Lindero produced 26,024 ounces of gold in the third quarter of 2026, a 25% increase from the second quarter and consistent with the second-half operating plan.

Year-to-date production

Lindero produced 68,398 ounces of gold in the first nine months of 2026 and remains on track to achieve its annual production guidance.

Exploration activities

Drilling to test extensions of mineralization beneath the ultimate Mineral Reserve pit shell at Lindero was completed as planned during the quarter. Assay results have been reported from the commercial laboratory and will be evaluated to determine the potential for future resource growth.

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Caylloma Mine, Peru: On track to exceed annual production guidance; tailings storage expansion 64% complete

Notes:

1. Refer to Fortuna news release dated July 9, 2026, “Fortuna reports second quarter 2026 production of 72,217 gold equivalent ounces and advances key growth initiatives.”

2. Metallurgical recovery for silver is calculated based on silver content in lead concentrate.

3. GEO production includes gold, silver, lead, and zinc and is calculated using the following metal prices: $4,281/oz Au, $62.70/oz Ag, $1,871/t Pb and $3,832/t Zn, or Au:Ag = 1:68.27, Au:Pb = 1:2.29, Au:Zn = 1:1.12.

4. GEO production includes gold, silver, lead, and zinc and is calculated using the following metal prices: $4,446/oz Au, $75.21/oz Ag, $1,930/t Pb and $3,464/t Zn, or Au:Ag = 1:59.11, Au:Pb = 1:2.30, Au:Zn = 1:1.28.

Mining

Caylloma mined 139,868 tonnes of ore in the third quarter of 2026, in line with the mine plan. Plant throughput of 140,832 tonnes was broadly consistent with the second quarter, with the difference between tonnes mined and processed reflecting the use of ore stockpile.

Processing

During the third quarter, Caylloma produced 247,367 ounces of silver, a 7% increase from the second quarter, supported by a higher average head grade of 66 g/t and improved recovery. Zinc and lead production totaled 11.4 million pounds and 8.4 million pounds, respectively, at average head grades of 4.08% zinc and 2.98% lead.

The quarter's performance reflects steady plant operations, consistent throughput, and continued strong contribution from base metal production.

Year-to-date production

Caylloma produced 9,897 GEO in the third quarter and 28,913 GEO during the first nine months of 2026, close to the lower end of its annual guidance range of 29,000 to 33,000 GEO and positioning the operation to exceed its annual guidance by year-end.

Project update

As of September 30, 2026, the expansion of the tailings storage facility No. 3 was approximately 64% complete and on schedule for completion by year-end. The expansion is expected to provide the additional tailings storage capacity required to support operations for several more years.

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Qualified Person

Eric Chapman, Senior Vice President of Technical Services for Fortuna Mining Corp., is a Professional Geoscientist registered with Engineers and Geoscientists British Columbia (Registration No. 36328), and a Qualified Person as defined by National Instrument 43-101- Standards of Disclosure for Mineral Projects. Mr. Chapman has reviewed and approved the scientific and technical information contained in this news release and has verified the underlying data.

About Fortuna Mining Corp.

Fortuna Mining Corp. is a Canadian precious metals mining company with three operating mines, the feasibility-stage Diamba Sud Gold Project in Senegal, and a portfolio of exploration projects in Argentina, Côte d’Ivoire, Guinea, Guyana, and Peru. Sustainability is at the core of our operations and stakeholder relationships. We produce gold and silver while creating long-term shared value through efficient production, environmental stewardship, and social responsibility. For more information, please visit our website at www.fortunamining.com

ON BEHALF OF THE BOARD

Jorge A. Ganoza

CEO and Director Fortuna Mining Corp.

Investor Relations:

Carlos Baca | info@fmcmail.com | fortunamining.com | X | LinkedIn | YouTube | Instagram | TikTok

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Forward-looking Statements

This news release contains forward-looking statements which constitute “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 (collectively, “Forward-looking Statements”). All statements included herein, other than statements of historical fact, are Forward-looking Statements and are subject to a variety of known and unknown risks and uncertainties which could cause actual events or results to differ materially from those reflected in the Forward-looking Statements. The Forward-looking Statements in this news release include, without limitation, statements about the Company’s plans for its mines and mineral properties; statements reiterating the Company’s 2026 annual production guidance and the likelihood of the Company meeting such annual production guidance, including that the Caylloma Mine is on track to exceed annual gold production guidance; statements relating to the planned underground project at the Séguéla Mine and the anticipated timing for final permitting and commencement of portal construction and development and for supplying mill feed to the expanded plant; statements regarding the processing plant expansion at Séguéla, including the estimated resulting increase in tonnes milled, improvement in recoveries, annual gold production growth, and anticipated project completion and commissioning timeline; expectations that gold production at Séguéla will recover to first-half 2026 levels in the fourth quarter; statements regarding the Company’s brownfields and greenfields exploration activities; statements regarding the development of the Diamba Sud gold project, including advancement towards a final investment decision and first gold pour; statements regarding the project to increase tailings storage facility at the Caylloma Mine, including the expected completion timeline; the Company’s business strategy, plans and outlook; the merit of the Company’s mines and mineral properties; the future financial or operating performance of the Company; the Company’s ability to comply with contractual and permitting or other regulatory requirements; approvals and other matters. Often, but not always, these Forward-looking Statements can be identified by the use of words such as “estimated,” “potential,” “open,” “future,” “assumed,” “projected,” “used,” “detailed,” “has been,” “gain,” “planned,” “reflecting,” “will,” “anticipated,” “estimated,” “containing,” “remaining,” “to be,” or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.

Forward-looking Statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements. Such uncertainties and factors include, among others, operational risks associated with mining and mineral processing; uncertainty relating to Mineral Resource and Mineral Reserve estimates; uncertainty relating to capital and operating costs, production schedules and economic returns; risks relating to the Company’s ability to replace its Mineral Reserves; risks associated with mineral exploration and project development; uncertainty relating to the repatriation of funds as a result of currency controls; environmental matters including obtaining or renewing environmental permits and potential liability claims; uncertainty relating to nature and climate conditions; laws and regulations regarding the protection of the environment (including greenhouse gas emission reduction and other decarbonization requirements and the uncertainty surrounding the interpretation of omnibus Bill C-59 and the related amendments to the Competition Act (Canada); risks associated with political instability and changes to the regulations governing the Company’s business operations; changes in national and local government legislation, taxation, controls, regulations and political or economic developments in countries in which the Company does or may carry on business; risks associated with war, hostilities or other conflicts, such as the Ukrainian – Russian, Israel- – Hamas, and Iran – Israel and United States conflicts, and the impacts such conflicts may have on global economic activity; risks relating to the termination of the Company’s mining concessions in certain circumstances; developing and maintaining relationships with local communities and stakeholders; risks associated with losing control of public perception as a result of social media and other web-based applications; potential

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opposition to the Company’s exploration, development and operational activities; risks related to the Company’s ability to obtain adequate financing for planned exploration and development activities; property title matters; risks relating to the integration of businesses and assets acquired by the Company; impairments; risks associated with climate change legislation; reliance on key personnel; adequacy of insurance coverage; operational safety and security risks; legal proceedings and potential legal proceedings; uncertainties relating to general economic conditions; risks relating to a global pandemic, which could impact the Company’s business, operations, financial condition and share price; competition; fluctuations in metal prices; risks associated with entering into commodity forward and option contracts for base metals production; fluctuations in currency exchange rates and interest rates; tax audits and reassessments; risks related to hedging; uncertainty relating to concentrate treatment charges and transportation costs; sufficiency of monies allotted by the Company for land reclamation; risks associated with dependence upon information technology systems, which are subject to disruption, damage, failure and risks with implementation and integration; labor relations issues; as well as those factors discussed under “Risk Factors” in the Company's Annual Information Form. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in Forward-looking Statements, there may be other factors that cause actions, events, or results to differ from those anticipated, estimated or intended.

Forward-looking Statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to the accuracy of the Company’s current Mineral Resource and Mineral Reserve estimates; that the Company’s activities will be conducted in accordance with the Company’s public statements and stated goals; that there will be no material adverse change affecting the Company, its properties or its production estimates (which assume accuracy of projected head grade, mining rates, recovery timing, and recovery rate estimates and may be impacted by unscheduled maintenance, labor and contractor availability and other operating or technical difficulties); the duration and effect of global and local inflation; geo-political uncertainties on the Company’s production, workforce, business, operations and financial condition; the expected trends in mineral prices, inflation and currency exchange rates; that all required approvals and permits will be obtained for the Company’s business and operations on acceptable terms including for the construction of a mine at the Diamba Sud Project and the underground mining method at the Séguéla Mine; that there will be no significant disruptions affecting the Company’s operations and such other assumptions as set out herein. Forward-looking Statements are made as of the date hereof and the Company disclaims any obligation to update any Forward-looking Statements, whether as a result of new information, future events, or results or otherwise, except as required by law. There can be no assurance that these Forward-looking Statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on Forward-looking Statements.

Cautionary Note to United States Investors Concerning Mineral Resources and Mineral Reserves

Technical disclosure regarding the Company’s properties included herein has been prepared in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects (“NI 43- 101”) and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards on Mineral Resources and Mineral Reserves. Canadian standards, including NI 43-101, differ from the requirements of the Securities and Exchange Commission, and information included herein may not be comparable to similar information disclosed by U.S. companies.