DENARIUS METALS RESCINDS PROPOSAL TO ACQUIRE EMERITA RESOURCES

TORONTO, May 6, 2026 /PRNewswire/ - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") announced today that after multiple attempts to engage with the board of directors and special committee of Emerita, it no longer intends to pursue its offer to enter into discussions with Emerita Resources Corp. ("Emerita") in respect of the acquisition of all of the issued and outstanding shares of Emerita. Emerita has failed to engage in any substantive discussions with Denarius Metals regarding its proposal to acquire the shares of Emerita by way of plan of arrangement, or other supported corporate transaction, at a price of CA$0.45 per Emerita share, representing a 73% premium to Emerita's closing price on April 10, 2026.