Southern Empire Resources : Successfully Acquires 100% Ownership of the Pedro Gold Project, México Update from Fortuna Mining Corp. on Centauro Gold Project Drilling Early Warning Report

About this update from Southern Empire Resources Corp

Southern Empire Resources Corp. (Southern Empire; TSX-V: SMP; Frankfurt: 5RE; OTC: SMPEF) is pleased to announce that it has successfully completed the acquisition, from Enduro Metals Corp. (Enduro), of a 100% interest in the mineral tenements forming the 1,750-hectare (4,324-acre) Pedro Gold Project located in Durango State, México. Pedro Gold Project Highlights Road accessible and located in Durango State, about 80 kilometres (km) west of the city of Torreón Pedro's kilometer-scale surface gold mineralization and alteration in a favourable structural setting is characteristic of a large precious metals epithermal vein system Additional geochemical and mineralogical data also support a "Carlin-style" mineral system interpretation Gold mineralization in 12 of the 17 holes drilled to date, with 2022 core drilling highlighted by a 15.23 metre (m) interval grading 0.577 grams gold per tonne (g Au/t) Historical rock samples of up to 2.3 g Au/t; with 58 samples >0.25 g Au/t, 11 samples >1.0 g Au/t collected within a large (4 km x 1 km) gold-in-soil geochemical anomaly of >10 parts per billion gold (ppb Au) "Now that we have acquired full ownership, the Pedro Gold Project presents a compelling exploration opportunity for Southern Empire and strengthens our position in one of México's most geologically prospective, yet underexplored regions. Factors such as large-scale, anomalous gold and indicator trace element geochemistry, including gold mineralization in 12 of the 17 holes drilled to date on the property, supportive property- and regional-scale structural geology, and other implications for Carlin-style mineralization, all position us for a meaningful discovery," said Dale Wallster, Southern Empire's CEO. Closing of the Pedro Gold Project acquisition was pursuant to an amendment (see Southern Empire News Release of October 1, 2025) to the original Option Agreement (see Southern Empire News Release of July 27, 2021) and resulted in Southern Empire issuing to Enduro 2,000,000 common shares, which are subject to a four-month resale restriction, and agreeing to a future milestone payment of $2,000,000 upon commencement of commercial production from the property. Enduro retains a 2% net smelter return (NSR) royalty interest from future Pedro production with no buydown provision. Centauro Gold Project Update Fortuna Mining Corp. (Fortuna) has informed Sou...

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