Denarius Metals Corp. announced the latest assay results from the ongoing validation and infill diamond drilling program being conducted at the Toral Zn-Pb-Ag Project in Northern Spain. The 2023 drilling campaign comprises up to 7,000 m of validation and infill drilling within the project's known Indicated Mineral Resource area.

The final drill hole of this year's drilling program has been completed and assays are currently pending. In addition, the Company also announced that the mining license application process for the Toral Project has been progressing well with 95% of the requisite reports completed and submitted to the Regional Mining Authority. There is currently only one environmental report outstanding that is in the course of being finalized.

The Company and Europa expect to complete this detailed submission process in early September. Key Highlights of Latest Drilling Results: Assays have been received for seven drill holes, each reporting significant mineralization; Significant intersection from drillhole TOD-044 of 7.95m @ 4.46% ZnEq(PbAg), including: 4.25m @ 6.17% ZnEq(PbAg); and 1.55m @ 11.40% ZnEq(PbAg); Significant intersection from drillhole TOD-045 of 4.95m @ 22.71% ZnEq(PbAg); Significant intersection from drillhole TOD-046 of 1.50m @ 11.64% ZnEq(PbAg), including: 1.00m @ 15.84% ZnEq(PbAg); Two significant intersections from drillhole TOD-047 of 0.6m @ 18.34% ZnEq(PbAg) and 2.4m @ 3.72% ZnEq(PbAg); Significant intersections from drillhole TOD-048 of 4.7m @ 6.68% ZnEq(PbAg), including: 1.65m @ 14.41% ZnEq(PbAg); A further significant intersection from drillhole TOD-048 of 6.65m @ 8.12% ZnEq(PbAg), including: 3.80m @ 12.58% ZnEq(PbAg); Significant intersection from drillhole TOD-049 of 5.00m @ 6.91% ZnEq(PbAg), including: 1.25m @ 20.93% ZnEq(PbAg); Significant intersections from drillhole TOD-050 of 3.90m @ 10.30% ZnEq(PbAg), including: 1.45m @ 20.69% ZnEq(PbAg); A further significant intersection from drillhole TOD-050 of 2.4m @ 4.98% ZnEq(PbAg); Holes TOD-045 and TOD-046 have both been completed and reliability of the assay results received has been re-confirmed; High values of silver were identified in one of the holes and in line with Europa's standard operating procedures (SOP), they re-submitted the sample for re-testing to confirm its veracity and also confirmed the accuracy of results for control samples; All holes to date have been successful in intersecting mineralization adjacent to selected, previously reported, high grade intersections within the Toral Project's Indicated Resource block Hole TOD-051, the final drillhole for this program, has been completed and assays are currently pending. Drilling operations remain ongoing in line with the Toral Project's objective set out above and further assay results will be announced once processed and received.