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May 29, 2026 8:00 PM

Patagonia Gold Quarter 1 2026 Financial Results

VANCOUVER, British Columbia, May 29, 2026 (GLOBE NEWSWIRE) -- Patagonia Gold Corp. ("Patagonia" or the "Company") (TSXV:PGDC) announces its financial results for the quarter ended March 31, 2026 ("Q1 2026"). The financial statements together with the related management's discussion and analysis are available on the Company's website and under the Company's profile on SEDAR+ at www.sedarplus.ca.

Highlights

On 15 April 2026 leaching operations commenced at the Company's flagship Calcatreu Project in Rio Negro Province, Argentina, marking the transition to the operational phase.

Produced 390 gold equivalent ounces(1) and sold 432 gold equivalent ounces(1) in Q1 2026 from the Cap Oeste residual operations.

Generated revenue of US$2.1 million in Q1 2026.

Spent approximately US$0.3 million on exploration in the Company's Santa Cruz projects.

Notes:(1) Consisting of 173 gold and 11,836 silver ounces of production and 211 gold and 11,839 silver ounces sold, converted to a gold equivalent using a ratio of the average spot market price for the commodities each period. The ratio for three months ended March 31, 2026 was 53.67:1 ...

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