Argentina Metals Announces Closing of Purchase of Mineral Rights in Mendoza, Argentina

January 26, 2026 – Vancouver, British Columbia and Mendoza, Argentina – Argentina Metals Corp. (“Argentina Metals” or the “Company”) is pleased to announce that Mises Metals S.A.S., a wholly-owned subsidiary of the Company, has completed the purchase (the “Transaction”) of a 100% interest in each of the Riesling, Malbec, Merlot, Sirah, Pinot I, Pinot II, Pinot III, Pinot IV, Pinot V, Pinot VI, Pinot VII, Pinot VIII, Pinot IX and Pinot X properties (collectively, the “Properties”) located in Mendoza, Argentina comprising 89,070 hectares from Nueva Gran Victoria S.A., a wholly-owned subsidiary of Mirasol Resources Ltd. (TSXV: MRZ) (“Mirasol”), pursuant to an asset purchase agreement dated January 22, 2026 (the “Agreement”).

“This Transaction further strengthens our presence in Mendoza and aligns squarely with our disciplined approach to building a portfolio of high-quality exploration assets in a highly prospective yet underexplored jurisdiction,” said Raymond D. Harari, CEO of Argentina Metals. “We look forward to moving quickly into the next phase of targeted exploration.”

Under the terms of the Agreement, the consideration payable by Argentina Metals to Mirasol in connection with the Transaction is as follows (the “Transaction Consideration”): (i) a cash payment in the amount of U$50,000 on closing of the Transaction (the “Closing”), (ii) 433,333 common shares without par value in the capital of Argentina Metals (the “Shares”) at Closing, (iii) 433,333 Shares on the registration of the transfer of the Properties with the Dirección de Minería de la Provincia de Mendoza, and (iv) 433,334 Shares at the earlier of one year from Closing or on the Company’s Shares being listed on a recognized Canadian stock exchange (the “Public Listing”). Should the Public Listing not occur within one-year of Closing, Mirasol shall have the right to repurchase the Properties from the Company in return for the Transaction Consideration. Additionally, Mirasol will have the right to a nominee on the board of directors of Argentina Metals, under certain terms and conditions as defined in the Agreement.

All Shares issued in connection with the Transaction will be subject to a four-month hold in accordance with applicable Canadian securities legislation.

Following Closing (including the issuance of 433,333 Shares to Mirasol), Argentina Metals has 20,196,881 Shares issued and outstanding.

About Argentina Metals Corp.

Argentina Metals is a Canadian-domiciled mineral exploration company focused on the exploration and development of copper assets in highly prospective, underexplored districts in Mendoza, Argentina. Argentina Metals holds a 100% interest in a district-scale land package totaling over 103,012 hectares in Mendoza, Argentina, with no underlying royalties or encumbrances, other than royalties payable to the Province of Mendoza. The Company’s portfolio is strategically positioned within a geologically favorable belt with demonstrated copper mineralization and strong discovery potential. Argentina Metals’ management team comprises seasoned executives from Latin America, Europe, and Canada, bringing extensive experience across mining and mineral exploration, capital markets and the energy sector.

Raymond D. Harari
Chief Executive Officer
e: rdh@canaliscapital.com
t: +507-6675-2221

Cautionary Statements

All statements in this press release, other than statements of historical fact, are “forward-looking information” with respect to the Company within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements include statements about the Transaction, any Public Listing of the Company’s Shares, the Properties and their prospects and statements about the anticipated benefits of any of the foregoing and are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. There are no assurances that the business plans described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s disclosure filings with Canadian securities regulators, which are posted on the Company’s profile at www.sedarplus.ca.