Argentina Metals closes acquisition of Mendoza properties from Maref

Vancouver, British Columbia--(Newsfile Corp. - August 4, 2026) - Argentina Metals Corp. (TSXV: VLLC) (OTCQB: VLLCF) (FSE: VA5) (" VLLC " or the " Company ") is pleased to announce that, further to the Company's press release dated April 2, 2026, the Dirección de Minería de la Provincia de Mendoza (the " Mendoza Mining Ministry ") has approved the transfer and registration of 100% interest in the Angellica, Roma, Veneto and Belluno properties located in Mendoza, Argentina comprising 19,151 hectares from Andean Exploration S.A. (" Andean "), a portfolio company of Maref Group, to Argentina Metals S.A.S., a wholly-owned subsidiary of the Company (the " Transaction ").

" The completion of the Andean transaction marks an important milestone for the Company, adding to our district-scale land position across Mendoza Province ," said Raymond D. Harari, CEO and Director of VLLC. " We are well-positioned to begin the next phase of the Company's growth as we prepare for our inaugural field season during the Argentine summer, commencing in Q4. Our initial exploration program will focus on systematically advancing and prioritizing targets across our portfolio, and we look forward to providing shareholders with further details on the proposed work program in the coming months ."

In accordance with the terms of the Transaction, VLLC has made the final payment to the vendors of the Properties in the amount of US$812,000 (equivalent to C$1.138m) in cash and issued 1,050,000 common shares of VLLC (the " Vendors' Shares "). The Vendors' Shares are subject to a statutory four-month-and-one-day hold period under applicable Canadian securities laws as well as contractual trading restrictions until March 27, 2027.

As of the date hereof, including the issuance of the Vendors' Shares, VLLC has 73,073,343 common shares issued and outstanding.

About Argentina Metals Corp.

Argentina Metals Corp. (TSXV: VLLC) (OTCQB: VLLCF) (FSE: VA5) is a Canadian copper exploration company focused on Mendoza Province, Argentina. The Company holds approximately 146,700 hectares across 26 projects, all 100%-owned on a clean-title basis with no private royalties, NSRs, back-in rights or earn-in obligations, other than royalties payable to the Province of Mendoza. Anchored by its flagship Las Estrellas Project, the Company has built an early position in an underexplored part of the Argentine Andes amid the pro-mining reforms reshaping the country's resource sector.

For further information, please contact:

Raymond D. Harari Chief Executive Officer e: harari@argentinametals.com t: +507-6675-2221 www.argentinametals.com

Cautionary Statements

All statements in this press release, other than statements of historical fact, are "forward-looking information" within the meaning of applicable securities laws. Forward-looking statements include, but are not limited to, statements regarding: the Company's exploration plans and activities on its properties; the anticipated benefits of the Transaction; and the Company's business objectives and growth strategy. Forward-looking information is subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied, including risks relating to obtaining regulatory approvals, exploration results and general capital markets conditions. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update forward-looking information except as required by applicable 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 .

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/307597

Newsfile Corp.

August 4, 2026 - 4:00 AM PDT

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