Fortuna acquires Bambadji Project in Senegal from Barrick and IAMGOLD

VANCOUVER, British Columbia, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to announce the acquisition of the 190 km² Bambadji advanced gold exploration project in Senegal, through the purchase of certain Senegalese subsidiaries held by Barrick Mining Corporation and IAMGOLD Corporation. Located adjacent to Fortuna’s feasibility-stage Diamba Sud Gold Project, Bambadji consolidates approximately 60 kilometers of prospective strike along the Senegal-Mali Shear Zone, a Tier-1 gold corridor hosting several world-class mines.

Jorge A. Ganoza, President and CEO, commented, “Bambadji represents a rare opportunity to consolidate a large-scale, highly prospective exploration land package immediately adjacent to our feasibility-stage Diamba Sud Gold Project.” Mr. Ganoza continued, “The US$200 million consideration paid for the project reflects multiple prime drill-defined targets, the scale of the land package, the extensive historical exploration dataset, and the potential to materially expand Diamba Sud in one of the most prospective gold districts in West Africa, where quality ground is difficult to assemble.”

Barrick/IAMGOLD drill highlights include:

Note: All drill intervals are reported as downhole intervals. Mineralized structures/hosts are generally steep dipping between 70 to 85 degrees. Refer to Appendix 1 for full details of Barrick/IAMGOLD reverse circulation and diamond drill holes and assay results.

Bambadji Project Location

The Bambadji Project is contiguous with the eastern margin of Fortuna’s Diamba Sud Gold Project (refer to Figure 1), which hosts Mineral Reserves containing 1.15 million ounces of gold with a final investment decision anticipated shortly. Bambadji comprises two properties covering approximately 190 km² and extending over approximately 60 kilometers of prospective strike, with established second