Calcatreu

• High-grade, low sulphidation, epithermal gold-silver system - Gold-silver mineralization outcrops from surface and is contained in quartz and calcite veins and stockwork between 1 m to 5 m in width. At least 11 significant vein systems across the property. • In January 2026, Patagonia Gold Corp. announced successful commencement of leaching operations. This milestone represents a significant advancement as the Project transitions into its gold recovery cycle. • The initiation of leaching activities follows the completion of construction, commissioning of key infrastructure, and the placement of mineralized material on the heap leach pad. • The Company has over 91,300 tonnes of material from the Veta 49 pit, consisting of 73,300 tonnes crushed and stockpiled, and 18,800 tonnes stacked on the leach pad.

Lixiviación en montón

• 690,000 gold equiv ounces (indicated resource) and 343,000 gold equiv ounces (inferred resource)