Patagonia Gold, Astra set up JV after Astra earns 80% of La Manchuria project

• Astra Exploration exercised an earn-in option on Patagonia Gold’s La Manchuria project in Argentina, securing an 80% interest.
• Earn-in followed more than USD 3 million of exploration and development spending, with Patagonia retaining 20%.
• Parties plan to form a joint venture via a new Argentine company holding La Manchuria and nearby claims, owned 80% by Astra.
• Patagonia’s 20% stake is carried until an NI 43-101 resource defines at least 1 million AuEq ounces, then costs pro rata.
• Astra can lift ownership to 90% by paying USD 5 million within two years; dilution below 10% converts to a 1% NSR royalty.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Patagonia Gold Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608180600PRIMZONEFULLFEED9811762) on August 18, 2026, and is solely responsible for the information contained therein.