<SEC-DOCUMENT>0001104659-26-082143.txt : 20260709
<SEC-HEADER>0001104659-26-082143.hdr.sgml : 20260709
<ACCEPTANCE-DATETIME>20260709095807
ACCESSION NUMBER:		0001104659-26-082143
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20260709
FILED AS OF DATE:		20260709
DATE AS OF CHANGE:		20260709

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FORTUNA MINING CORP.
		CENTRAL INDEX KEY:			0001341335
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35297
		FILM NUMBER:		261164337

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		1111 MELVILLE STREET, SUITE 820
		CITY:			VANCOUVER
		PROVINCE COUNTRY:   	A1
		ZIP:			V6E 3V6
		BUSINESS PHONE:		604-484-4085

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		1111 MELVILLE STREET, SUITE 820
		CITY:			VANCOUVER
		PROVINCE COUNTRY:   	A1
		ZIP:			V6E 3V6

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FORTUNA SILVER MINES INC
		DATE OF NAME CHANGE:	20051013
</SEC-HEADER>
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<TYPE>6-K
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<FILENAME>tm2620134d1_6k.htm
<DESCRIPTION>FORM 6-K
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<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Form&nbsp;6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR<BR>
15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of <U>July&nbsp;2026</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Commission File Number <U>001-35297</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Fortuna Mining Corp.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Translation of registrant&rsquo;s name into English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>1111 Melville Street, Suite&nbsp;820, Vancouver,
British Columbia, Canada V6E 3V6</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive office)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant files or will file annual
reports under cover of Form&nbsp;20-F or Form&nbsp;40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">FORM&nbsp;20-F
 &nbsp;&nbsp;</FONT><FONT STYLE="font-family: Wingdings">&uml;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;FORM&nbsp;40-F
 &nbsp;</FONT><FONT STYLE="font-family: Wingdings">&#120;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2"><B>Fortuna Mining Corp.</B></TD></TR>
  <TR>
    <TD>Date: &nbsp;July 9, 2026</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2">(Registrant)</TD></TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="width: 49%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; width: 2%">&nbsp;</TD>
    <TD STYLE="width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 46%">/s/ &quot;<I>Jorge Ganoza Durant</I>&quot;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Jorge Ganoza Durant</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">President and CEO</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Exhibits:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in"><A HREF="tm2620134d1_ex99-1.htm"><B>99.1</B></A></TD><TD><A HREF="tm2620134d1_ex99-1.htm"><B>News Release dated July 9, 2026</B></A></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tm2620134d1_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-size: 10pt"><B>Exhibit 99.1</B></FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><IMG SRC="tm2620134d1_ex99-1img01.jpg" ALT=""></FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt; color: rgb(23,71,145)"><B>NEWS
RELEASE</B></FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Fortuna reports
second quarter 2026 production of 72,217 gold equivalent ounces and advances key growth initiatives</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Vancouver,
British Columbia, July&nbsp;9, 2026: Fortuna Mining Corp. (NYSE: FSM | TSX:&nbsp;FVI) </B></FONT>reports production results for the second
quarter and first half of 2026 from its three operating mines in West Africa and Latin America, and provides updates on growth initiatives,
capital allocation, safety, and key operating activities across its portfolio. All figures presented in this news release are expressed
in U.S. dollars, unless otherwise indicated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Q2 2026 highlights</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><I>Production</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify">Production totaled 72,217 gold equivalent ounces (&ldquo;GEO&rdquo;)<SUP>1,2</SUP> in the second quarter
of 2026, broadly in line with 72,872 GEO in Q1 2026<SUP>2,5,6</SUP> and slightly above 71,229 GEO in Q2 2025<SUP>2,3,4</SUP>. First-half
production totaled 145,089 GEO, positioning the Company to achieve its 2026 annual production guidance of 281,000 to 305,000 GEO<SUP>7</SUP>.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><I>Growth initiatives</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify">S&eacute;gu&eacute;la process plant expansion studies were completed in late June&nbsp;by Lycopodium.
The proposed expansion would increase processing capacity to approximately 2.3 million tonnes per annum and is currently being evaluated
for a construction decision expected in the coming weeks.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify">Diamba Sud advanced toward a final investment decision following the receipt of the Environmental and
Social Impact Assessment (ESIA), and the publication of feasibility study (FS) results. The FS highlighted a robust project with an after-tax
NPV<SUB>5%</SUB> of $1.0 billion, an IRR of 60%, and a one-year payback period at a gold price of $3,500 per ounce<SUP>8</SUP>.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><I>Return to shareholders</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify">Returned $80.2 million to shareholders through the repurchase of 8.6 million common shares under the Company&rsquo;s
normal course issuer bid during the second quarter of 2026, at an average price of $9.32 per share. This follows $20.3 million of share
repurchases in Q1 2026, and $12.1 million in Q4 2025.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><I>Safety</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify">It is with deep regret that we report a fatal accident involving an employee of one of our mining contractors
at the S&eacute;gu&eacute;la Mine. The accident involved a haul truck. Following the accident, a comprehensive investigation was completed
and resulting learnings have been incorporated into the Company&rsquo;s ongoing safety and operational controls.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&bull;</FONT></TD><TD STYLE="text-align: justify">Total Recordable Injury Frequency Rate (TRIFR) for Q2 2026 was 1.23, compared to 1.16 in Q1 2026 per million
hours worked.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Q2 and H1 2026 consolidated GEO production</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; vertical-align: bottom; text-align: justify; padding-bottom: 2pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="padding-top: 2pt; background-color: #0050A0; text-align: center; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>GEO
    Production</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; vertical-align: bottom; width: 23%; border-bottom: Black 1pt solid; text-align: justify; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; width: 18%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: Black 1pt solid; background-color: #0050A0; text-align: center; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Q2
    2026</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; width: 18%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: Black 1pt solid; background-color: #0050A0; text-align: center; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Q1
    2026</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; width: 18%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: Black 1pt solid; background-color: #0050A0; text-align: center; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>H1
    2026</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; width: 23%; border-top: white 1pt solid; border-bottom: Black 1pt solid; background-color: #0050A0; text-align: center; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>2026
    Annual Guidance</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="padding-top: 2pt; padding-right: 0.5in; white-space: nowrap; border-bottom: Black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Ongoing
    Operations</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.5in; white-space: nowrap; border-right: black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.5in; border-right: black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.5in; border-right: black 1pt solid; border-bottom: Black 1pt solid; text-align: center; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.5in; border-bottom: Black 1pt solid; text-align: right; padding-bottom: 2pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-right: 0.5in; white-space: nowrap; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">S&eacute;gu&eacute;la,
    C&ocirc;te d&rsquo;Ivoire</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.5in; white-space: nowrap; border-right: black 1pt solid; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">41,683</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.5in; border-right: black 1pt solid; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">42,016</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.5in; border-right: black 1pt solid; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">83,699</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.5in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">160,000 - 170,000</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-right: 0.5in; white-space: nowrap; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lindero, Argentina</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.5in; white-space: nowrap; border-right: black 1pt solid; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20,829</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.5in; border-right: black 1pt solid; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">21,545</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.5in; border-right: black 1pt solid; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">42,374</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.5in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">92,000 - 102,000</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-right: 0.5in; white-space: nowrap; border-bottom: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Caylloma,
    Peru</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.5in; white-space: nowrap; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9,705</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.5in; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9,311</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.5in; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19,016</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.5in; border-bottom: black 1pt solid; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">29,000
    -&nbsp;&nbsp;&nbsp;33,000</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="padding-top: 2pt; padding-right: 0.5in; white-space: nowrap; border-bottom: black 1pt solid; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Total
    </B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.5in; white-space: nowrap; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>72,217</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.5in; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>72,872</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.5in; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>145,089</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.5in; border-bottom: black 1pt solid; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>281,000
    - 305,000</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">1.</TD><TD>Gold equivalent ounces (&ldquo;GEO&rdquo;) include gold, silver, lead, and zinc and are calculated using the following metal prices:
$4,446/oz Au, $75.21/oz Ag, $1,930/t Pb, and $3,464/t Zn, or Au:Ag = 1:59.11, Au:Pb = 1:2.30, Au:Zn = 1:1.28.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.</FONT></TD><TD>Consolidated production excludes the divested operations of the San Jose and Yaramoko mines.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.</FONT></TD><TD>Refer to Fortuna news release dated July&nbsp;9, 2025, &ldquo;Fortuna delivers production of 71,229 gold equivalent ounces from ongoing
operations for the second quarter of 2025.&rdquo;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.</FONT></TD><TD>GEO includes gold, silver, lead, and zinc and is calculated using the following metal prices: $3,306/oz Au, $33.77/oz Ag, $1,945/t
Pb and $2,640/t Zn, or Au:Ag&nbsp;=&nbsp;1:97.90, Au:Pb = 1:1.70, Au:Zn = 1:1.25.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.</FONT></TD><TD>Refer to Fortuna news release dated April&nbsp;9, 2026, &ldquo;Fortuna reports production of 72,872 gold equivalent ounces in the
first quarter of 2026 and provides a business update.&rdquo;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.</FONT></TD><TD>GEO includes gold, silver, lead, and zinc and is calculated using the following metal prices: $4,874/oz Au, $82.69/oz Ag, $1,918/t
Pb and $3,246/t Zn, or Au:Ag&nbsp;=&nbsp;1:58.94, Au:Pb = 1:2.54, Au:Zn = 1:1.50.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">7.</FONT></TD><TD>Refer to Fortuna news release dated January&nbsp;15, 2026, &ldquo;Fortuna Achieves 2025 Production Guidance, Delivering 317,001 GEO,
and Issues 2026 Outlook.&rdquo;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.</FONT></TD><TD>Refer to Fortuna news release dated June&nbsp;29, 2026, &ldquo;Fortuna delivers robust Feasibility Study for the Diamba Sud Gold Project
in Senegal: After-tax IRR of 60% and NPV5% of US$1 billion using US$3,500/oz.&rdquo;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>West Africa region</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>S&eacute;gu&eacute;la Mine, C&ocirc;te d&rsquo;Ivoire:
Advancing growth initiatives</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-top: 2pt; white-space: nowrap; vertical-align: bottom; width: 40%; border-bottom: gray 1pt solid; text-align: justify; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; width: 30%; border-top: gray 1pt solid; border-right: gray 1pt solid; border-bottom: gray 1pt solid; background-color: #0050A0; text-align: center; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Q2
    2026</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; width: 30%; border-top: gray 1pt solid; border-bottom: gray 1pt solid; background-color: #0050A0; text-align: center; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Q1
    2026<SUP>1</SUP></B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 1in; padding-top: 2pt; white-space: nowrap; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Tonnes milled</FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; padding-right: 1in; padding-top: 2pt; white-space: nowrap; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">421,464</FONT></TD>
    <TD STYLE="padding-right: 1in; padding-top: 2pt; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">430,953</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 1in; padding-top: 2pt; white-space: nowrap; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Average
    tpd milled</FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; padding-right: 1in; padding-top: 2pt; white-space: nowrap; border-bottom: gray 1pt solid; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,581</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 1in; padding-top: 2pt; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,788</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 1in; padding-top: 2pt; white-space: nowrap; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Gold grade (g/t)</FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; padding-right: 1in; padding-top: 2pt; white-space: nowrap; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.46</FONT></TD>
    <TD STYLE="padding-right: 1in; padding-top: 2pt; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.21</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-right: 1in; padding-top: 2pt; white-space: nowrap; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Gold recovery (%)</FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; padding-right: 1in; padding-top: 2pt; white-space: nowrap; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">92.1</FONT></TD>
    <TD STYLE="padding-right: 1in; padding-top: 2pt; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">93.4</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 1in; padding-top: 2pt; white-space: nowrap; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Gold
    production (oz)<SUP>2</SUP></FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; padding-right: 1in; padding-top: 2pt; white-space: nowrap; border-bottom: gray 1pt solid; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">41,683</FONT></TD>
    <TD STYLE="border-bottom: gray 1pt solid; padding-right: 1in; padding-top: 2pt; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">42,016</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.</FONT></TD><TD STYLE="text-align: justify">Refer to Fortuna news release dated April&nbsp;9, 2026, &ldquo;Fortuna reports production of 72,872 gold
equivalent ounces in the first quarter of 2026 and provides a business update&rdquo;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.</FONT></TD><TD STYLE="text-align: justify">Production includes dor&eacute; only</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Mining</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">S&eacute;gu&eacute;la mined a total of 433,231
tonnes of ore, averaging 3.06 g/t Au and containing an estimated 42,555 ounces of gold from the Antenna, Ancien, Koula, and Sunbird pits.
A total of 5,902,142 tonnes of waste was mined during the period, resulting in a strip ratio of 13.6:1. Additionally, 731,647 tonnes of
waste was mined during the quarter at Sunbird South to gain access to the underground portal position.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Processing</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">S&eacute;gu&eacute;la produced 41,683 ounces of
gold during the quarter at an average head grade of 3.46 g/t Au, broadly in line with the previous quarter and slightly ahead of the mine
plan. Tonnes milled were slightly lower than in the previous quarter, reflecting a planned mill reline during the period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I><U>Project updates</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Process plant expansion study</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Process plant expansion studies were completed
during the quarter by Lycopodium, including requirements for supporting infrastructure. The proposed expansion would increase processing
capacity to approximately 2.3 million tonnes per annum and is designed to improve recoveries through increased residence time in the leach
circuit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The scope primarily includes the addition of a
ball mill and increased thickener, leach, and gravity circuit capacity, with existing primary crushing capacity determined to be sufficient
for the proposed throughput.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Estimated project capital is approximately $100
million, including additional backup power generation capacity and supporting infrastructure. The project is currently being evaluated
for a construction decision.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Sunbird Underground Project</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Sunbird Underground Project continued to advance.
During the quarter, Fortuna announced a 34%&nbsp;increase in estimated Mineral Reserve gold ounces and a 55% increase in Inferred Mineral
Resource gold ounces for the Sunbird Underground deposit. Drilling continues to infill Inferred Mineral Resources and test down-dip and
strike extensions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In parallel, the Company approved a $48 million
budget for underground equipment, infrastructure, and the establishment of an owner-operator team, with orders already placed for long-lead
items.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The ESIA for the Sunbird Underground Project has
been filed with the government of C&ocirc;te d&rsquo;Ivoire and is at an advanced stage of review, with the permit expected to be received
in Q4 2026.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Solar power plant</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
6 MW photovoltaic solar power plant has been commissioned. In light of the expected advancement of the process plant expansion and Sunbird
Underground Project, the Company is evaluating an expansion of the solar plant to 10 MW. </FONT>No upfront capital investment by Fortuna
would be required for this expansion, as the contractor would incorporate the related capital cost into its fee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Exploration activities</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During the quarter, two additional drill rigs
were mobilized to S&eacute;gu&eacute;la, increasing the total number of rigs on site to seven. Two rigs remain active at Sunbird, while
the remaining five are focused on upgrading Kingfisher Inferred Mineral Resources to Indicated status and testing further extensions of
the Kingfisher deposit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Year-to-date production</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">S&eacute;gu&eacute;la produced a total of 83,699
ounces of gold in the first half of 2026 and remains on track to achieve annual production guidance, while advancing key growth initiatives
including the process plant expansion study and Sunbird Underground Project.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Diamba Sud Gold Project, Senegal: Advancing
toward final investment decision</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During the second quarter of 2026, the Diamba
Sud Gold Project advanced toward a final investment decision following the receipt of the ESIA and publication of feasibility study results.
The related NI 43-101 Technical Report is expected to be filed on SEDAR+ within the required 45-day period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Early works and procurement activities continued
to support project readiness, including construction of the new site access road and installation of additional temporary accommodation
and office facilities for the owner&rsquo;s project and pre-production teams. The contract for a new 320-person camp has been awarded,
and tendering for other major construction packages is well advanced. Letters of award have been issued for the project&rsquo;s critical
path contracts, including the process plant and power station, securing the delivery schedule for the heavy fuel oil generators, the project&rsquo;s
longest-lead item, which are expected in mid-2027. In addition, tenders for all process plant long-lead equipment, including the SAG mill
and jaw crusher, have been launched, with purchase orders expected early in the third quarter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The project remains positioned for a final investment
decision, supporting continued momentum toward first gold production in mid-2028.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Latin America region</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Lindero Mine, Argentina: Positioned for stronger
second-half production</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; white-space: nowrap; vertical-align: bottom; width: 40%; text-align: justify; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; border-top: gray 1pt solid; border-right: gray 1pt solid; border-bottom: gray 1pt solid; width: 30%; background-color: #0050A0; text-align: center; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Q2
    2026</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; border-top: gray 1pt solid; border-bottom: gray 1pt solid; width: 30%; background-color: #0050A0; text-align: center; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Q1
    2026<SUP>1</SUP></B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 1in; white-space: nowrap; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ore
    placed on pad (t)</FONT></TD>
    <TD STYLE="padding-top: 2pt; border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 1in; white-space: nowrap; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,558,750</FONT></TD>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,525,286</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; white-space: nowrap; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Gold grade (g/t)</FONT></TD>
    <TD STYLE="padding-top: 2pt; border-right: gray 1pt solid; padding-right: 1in; white-space: nowrap; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.64</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.62</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 1in; white-space: nowrap; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Gold
    production<SUP>2</SUP> (oz)</FONT></TD>
    <TD STYLE="padding-top: 2pt; border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding-right: 1in; white-space: nowrap; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20,829</FONT></TD>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; padding-right: 1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">21,545</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.</FONT></TD><TD>Refer to Fortuna news release dated April&nbsp;9, 2026, &ldquo;Fortuna reports production of 72,872 gold equivalent ounces in the
first quarter of 2026 and provides a business update.&rdquo;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.</FONT></TD><TD>Production includes dor&eacute;, gold-in-carbon, and gold in copper concentrate.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Mining</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During the first half of 2026, Lindero placed
on the leach pad approximately 95% of the ounces planned for the period required to achieve the midpoint of its annual production guidance.
With the completion in the second quarter of key capital projects aimed at improving comminution reliability and availability, the operation
is well positioned to deliver stronger production and lower sustaining costs in the second half of the year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During the second quarter, Lindero mined 1.38
million tonnes of ore at a strip ratio of 1.81:1. A total of 1.56 million tonnes was stacked on the leach pad at an average gold grade
of 0.64 g/t, containing an estimated 32,008 ounces of gold. Gold ounces placed increased by 4.8% compared to the first quarter, in line
with the planned mine sequence and supporting anticipated production growth in the remainder of 2026.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Processing</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Lindero produced 20,829 ounces of gold during
the second quarter of 2026, broadly consistent with production levels achieved in the first quarter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Looking ahead, with all major plant capital projects
now complete, Management expects improved mechanical availability across the processing circuit, supporting higher crushing and stacking
rates. Combined with higher ore grades scheduled in the mine plan for the second half of the year, these improvements are expected to
drive a significant increase in gold production and support the achievement of Lindero&rsquo;s 2026 annual guidance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Year-to-date production</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Lindero produced a total of 42,374 ounces of gold
in the first half of 2026 and remains on track to achieve annual production guidance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Exploration activities</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Brownfields exploration at Lindero continued during
the quarter, with two drill rigs focused on testing Inferred Mineral Resources and open mineralization areas below the ultimate Mineral
Reserve pit shell. The program is advancing as planned and is expected to be completed during the third quarter of 2026.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">At the Cerro Lindo gold prospect, drilling is
targeting approximately 7,000 metres, with the current campaign expected to be completed by year-end.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Caylloma Mine, Peru: Continued strong operating performance</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding-top: 2pt; border-bottom: gray 1pt solid; white-space: nowrap; vertical-align: bottom; width: 40%; text-align: justify; padding-bottom: 2pt">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; border-top: gray 1pt solid; border-right: gray 1pt solid; border-bottom: gray 1pt solid; width: 30%; background-color: #0050A0; text-align: center; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Q2
    2026</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; border-top: gray 1pt solid; border-bottom: gray 1pt solid; width: 30%; background-color: #0050A0; text-align: center; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Q1
    2026<SUP>1</SUP></B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; white-space: nowrap; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Tonnes milled</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; border-right: gray 1pt solid; white-space: nowrap; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">141,337</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">136,701</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; border-bottom: gray 1pt solid; white-space: nowrap; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Average
    tpd milled</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; border-right: gray 1pt solid; border-bottom: gray 1pt solid; white-space: nowrap; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,588</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; border-bottom: gray 1pt solid; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,553</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; white-space: nowrap; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Silver grade (g/t)</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; border-right: gray 1pt solid; white-space: nowrap; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">62</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">72</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; white-space: nowrap; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Silver recovery<SUP>2</SUP>
    (%)</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; border-right: gray 1pt solid; white-space: nowrap; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">82.26</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">81.89</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; border-bottom: gray 1pt solid; white-space: nowrap; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Silver
    production (oz)</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; border-right: gray 1pt solid; border-bottom: gray 1pt solid; white-space: nowrap; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">231,294</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; border-bottom: gray 1pt solid; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">257,603</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; white-space: nowrap; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lead grade (%)</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; border-right: gray 1pt solid; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.76</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.99</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; white-space: nowrap; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lead recovery (%)</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; border-right: gray 1pt solid; white-space: nowrap; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">90.89</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">90.59</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; border-bottom: gray 1pt solid; white-space: nowrap; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lead
    production (lbs)</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; border-right: gray 1pt solid; border-bottom: gray 1pt solid; white-space: nowrap; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7,815,387</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; border-bottom: gray 1pt solid; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8,174,740</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; white-space: nowrap; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Zinc grade (%)</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; border-right: gray 1pt solid; white-space: nowrap; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.26</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.21</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; white-space: nowrap; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Zinc recovery (%)</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; border-right: gray 1pt solid; white-space: nowrap; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">90.64</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">90.80</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; border-bottom: Black 1pt solid; white-space: nowrap; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Zinc
    production (lbs)</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; border-right: gray 1pt solid; border-bottom: Black 1pt solid; white-space: nowrap; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12,037,240</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; border-bottom: Black 1pt solid; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11,525,766</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; border-bottom: gray 1pt solid; white-space: nowrap; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">GEO
    production </FONT><FONT STYLE="font-size: 10pt">(oz)</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; border-right: gray 1pt solid; border-bottom: gray 1pt solid; white-space: nowrap; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9,705</FONT><FONT STYLE="font-size: 10pt"><SUP>3</SUP></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 1in; border-bottom: gray 1pt solid; text-align: right; padding-bottom: 2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9,311<SUP>4</SUP></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.</FONT></TD><TD>Refer to Fortuna news release dated April&nbsp;9, 2026, &ldquo;Fortuna reports production of 72,872 gold equivalent ounces in the
first quarter of 2026 and provides a business update.&rdquo;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.</FONT></TD><TD>Metallurgical recovery for silver is calculated based on silver content in lead concentrate.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">3.</TD><TD>GEO production includes gold, silver, lead, and zinc and is calculated using the following metal prices: $4,446/oz Au, $75.21/oz Ag,
$1,930/t Pb and $3,464/t Zn, or Au:Ag = 1:59.11, Au:Pb = 1:2.30, Au:Zn = 1:1.28.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.</FONT></TD><TD>GEO production includes gold, silver, lead, and zinc and is calculated using the following metal prices: $4,874/oz Au, $82.69/oz Ag,
$1,918/t Pb and $3,246/t Zn, or Au:Ag = 1:58.94, Au:Pb = 1:2.54, Au:Zn = 1:1.50.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Mining</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Mine production totaled 133,940 tonnes of ore
in the second quarter, predominantly from overhand cut-and-fill mining, which accounted for 75% of production, with 25% extracted through
sub-level stoping.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Processing</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Caylloma produced 231,294 ounces of silver during
the second quarter at an average head grade of 62 g/t Ag, a 10% decrease compared to the previous quarter, in line with the planned mining
sequence for the period. Zinc and lead production totaled 12.0 million pounds and 7.8 million pounds, respectively, at average head grades
of 4.26% Zn and 2.76% Pb, reflecting consistent production when compared to the first quarter and in line with the mining sequence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Project update</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of June&nbsp;30, 2026, the project to expand
the capacity of tailings storage facility No.&nbsp;3 at the Caylloma Mine was 28% complete and progressing according to plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Year-to-date production</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Caylloma produced 9,705 GEO in the second quarter
and 19,016 GEO in the first half of 2026, positioning the mine to achieve its annual production guidance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Qualified Person</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Eric Chapman, Senior Vice President of Technical
Services for Fortuna Mining Corp., is a Professional Geoscientist registered with Engineers and Geoscientists British Columbia (Registration
No.&nbsp;36328), and a Qualified Person as defined by National Instrument 43-101- Standards of Disclosure for Mineral</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Projects. Mr.&nbsp;Chapman has reviewed and approved
the scientific and technical information contained in this news release and has verified the underlying data.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>About
Fortuna Mining Corp</B></FONT><B>. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Fortuna
Mining Corp. is a Canadian precious metals mining company with three operating mines and a portfolio of exploration projects in Argentina,
C&ocirc;te d&rsquo;Ivoire, Guinea, Guyana, and Peru, as well as the Diamba Sud Gold Project in Senegal. Sustainability is at the core
of our operations and stakeholder relationships. We produce gold and silver while creating long-term shared value through efficient production,
environmental stewardship, and social responsibility. For more information, please visit our website at </FONT>www.fortunamining.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">ON BEHALF OF THE BOARD</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Jorge A. Ganoza </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">President, CEO, and Director</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Fortuna Mining Corp.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Investor Relations: </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Carlos
Baca</B></FONT> | <U>info@fmcmail.com</U> | <U>fortunamining.com</U> | <B><U>X</U></B> | <B><U>LinkedIn</U></B> | <B><U>YouTube</U></B>
| <B><U>Instagram</U></B> | <B><U>TikTok</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Forward-looking Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">This
news release contains forward-looking statements which constitute &ldquo;forward-looking information&rdquo; within the meaning of applicable
Canadian securities legislation and &ldquo;forward-looking statements&rdquo; within the meaning of the &ldquo;safe harbor&rdquo; provisions
of the Private Securities Litigation Reform Act of 1995 (collectively, &ldquo;Forward-looking Statements&rdquo;). All statements included
herein, other than statements of historical fact, are Forward-looking Statements and are subject to a variety of known and unknown risks
and uncertainties which could cause actual events or results to differ materially from those reflected in the Forward-looking Statements.
The Forward-looking Statements in this news release include, without limitation, statements about the Company&rsquo;s plans for its mines
and mineral properties; changes in general economic conditions and financial markets; the impact of inflationary pressures on the Company&rsquo;s
business and operations; statements reiterating the Company&rsquo;s 2026 annual production guidance and the likelihood of the Company
meeting such annual production guidance, including that the Lindero Mine is positioned for a stronger second half of 2026</FONT> to achieve
mid-point of its production guidance; statements relating to the planned underground project at the S&eacute;gu&eacute;la Mine and the
anticipated timing for the receipt of the ESIA for the project; the evaluation of an expansion to the solar power plant at the S&eacute;gu&eacute;la
Mine and the costs related to same; the evaluation of the results from the processing plant expansion studies at S&eacute;gu&eacute;la
and the estimated resulting increase in tonnes milled and improvement in recoveries, the timing of a construction decision for the plant
expansion; statements regarding the Company&rsquo;s brownfields and greenfields exploration activities; statements regarding the development
of the Diamba Sud gold project, including the timing of the filing of the feasibility study, delivery of long lead items, final investment
decision and first gold pour; statements regarding the completion of certain capital projects with the expectation of improving comminution
reliability and availability and improved mechanical availability across the processing circuit; statements regarding the project to increase
tailings storage facility at the Caylloma Mine; the Company&rsquo;s business strategy, plans and outlook; the merit of the Company&rsquo;s
mines and mineral properties; the future financial or operating performance of the Company; the Company&rsquo;s ability to comply with
contractual and permitting or other regulatory requirements; approvals and other matters. Often, but not always, these Forward-looking
Statements can be identified by the use of words such as &ldquo;estimated,&rdquo; &ldquo;potential,&rdquo; &ldquo;open,&rdquo; &ldquo;future,&rdquo;
&ldquo;assumed,&rdquo; &ldquo;projected,&rdquo; &ldquo;used,&rdquo; &ldquo;detailed,&rdquo; &ldquo;has been,&rdquo; &ldquo;gain,&rdquo;
&ldquo;planned,&rdquo; &ldquo;reflecting,&rdquo; &ldquo;will,&rdquo; &ldquo;anticipated,&rdquo; &ldquo;estimated,&rdquo; &ldquo;containing,&rdquo;
&ldquo;remaining,&rdquo; &ldquo;to be,&rdquo; or statements that events, &ldquo;could&rdquo; or &ldquo;should&rdquo; occur or be achieved
and similar expressions, including negative variations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Forward-looking
Statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or
achievements of the Company to be materially different from any results, performance or achievements expressed or implied by the
Forward-looking Statements. Such uncertainties and factors include, among others, operational risks associated with mining and
mineral processing; uncertainty relating to Mineral Resource and Mineral Reserve estimates; uncertainty relating to capital and
operating costs, production schedules and economic returns; risks relating to the Company&rsquo;s ability to replace its Mineral
Reserves; risks associated with mineral exploration and project development; uncertainty relating to the repatriation of funds as a
result of currency controls; environmental matters including obtaining or renewing environmental permits and potential liability
claims; uncertainty relating to nature and climate conditions; laws and regulations regarding the protection of the environment
(including greenhouse gas emission reduction and other decarbonization requirements and the uncertainty surrounding the
interpretation of omnibus Bill C-59 and the related amendments to the Competition Act (Canada); risks associated with political
instability and changes to the regulations governing the Company&rsquo;s business operations; changes in national and local
government legislation, taxation, controls, regulations and political or economic developments in countries in which the Company
does or may carry on business; risks associated with war, hostilities or other conflicts, such as the Ukrainian &ndash;
Russian,&nbsp;Israel- &ndash; </FONT>Hamas, and Iran <FONT STYLE="color: #0d0d0d">&ndash; Israel and United States conflicts</FONT>,
and the impacts such conflicts may have on global economic activity; risks relating to the termination of the Company&rsquo;s mining
concessions in certain circumstances; developing and maintaining relationships with local communities and stakeholders; risks
associated with losing control of public perception as a result of social media and other web-based applications; potential
opposition to the Company&rsquo;s exploration, development and operational activities; risks related to the Company&rsquo;s ability
to obtain adequate financing for planned exploration and development activities; property title matters; risks relating to the
integration of businesses and assets acquired by the Company; impairments; risks associated with climate change legislation;
reliance on key personnel; adequacy of insurance coverage; operational safety and security risks; legal proceedings and potential
legal proceedings; uncertainties relating to general economic conditions; risks relating to a global pandemic, which could impact
the Company&rsquo;s business, operations, financial condition and share price; competition; fluctuations in metal prices; risks
associated with entering into commodity forward and option contracts for base metals production; fluctuations in currency exchange
rates and interest rates; tax audits and reassessments; risks related to hedging; uncertainty relating to concentrate treatment
charges and transportation costs; sufficiency of monies allotted by the Company for land reclamation; risks associated with
dependence upon information technology systems, which are subject to disruption, damage, failure and risks with implementation and
integration; labor relations issues; as well as those factors discussed under &ldquo;Risk Factors&rdquo; in the Company's Annual
Information Form. Although the Company has attempted to identify important factors that could cause actual actions, events, or
results to differ materially from those described in Forward-looking Statements, there may be other factors that cause actions,
events, or results to differ from those anticipated, estimated or intended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Forward-looking
Statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited
to the accuracy of the Company&rsquo;s current Mineral Resource and Mineral Reserve estimates; that the Company&rsquo;s activities will
be conducted in accordance with the Company&rsquo;s public statements and stated goals; that there will be no material adverse change
affecting the Company, its properties or its production estimates (which assume accuracy of projected head grade, mining rates, recovery
timing, and recovery rate estimates and may be impacted by unscheduled maintenance, labor and contractor availability and other operating
or technical difficulties); the duration and effect of global and local inflation; geo-political uncertainties on the Company&rsquo;s
production, workforce, business, operations and financial condition; the expected trends in mineral prices, inflation and currency exchange
rates; that all required approvals and permits will be obtained for the Company&rsquo;s business and operations on acceptable terms including
for the construction of a mine at the Diamba Sud Project and the underground mining method at the S</FONT>&eacute;gu&eacute;la Mine; that
there will be no significant disruptions affecting the Company&rsquo;s operations and such other assumptions as set out herein. Forward-looking
Statements are made as of the date hereof and the Company disclaims any obligation to update any Forward-looking Statements, whether as
a result of new information, future events, or results or otherwise, except as required by law. There can be no assurance that these Forward-looking
Statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, investors should not place undue reliance on Forward-looking Statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Cautionary Note to United States Investors Concerning
Mineral Resources and Mineral Reserves</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Technical disclosure regarding the Company&rsquo;s
properties included herein has been prepared in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects
(&ldquo;NI 43-101&rdquo;) and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards on Mineral Resources and
Mineral Reserves. Canadian standards, including NI 43-101, differ from the requirements of the Securities and Exchange Commission, and
information included herein may not be comparable to similar information disclosed by U.S. companies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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