Tincorp Advances Phase 1 - 10,000 Metre Drill Program at the Santa Barbara Gold-Copper Project, Ecuador

Vancouver, British Columbia--(Newsfile Corp. - May 19, 2026) - Tincorp Metals Inc. (TSXV: TIN) ("Tincorp" or the "Company") is pleased to provide an update on its 10,000 metre ("m") Phase 1 drill campaign at the Santa Barbara Gold-Copper Project ("Santa Barbara" or the "Project"), located in the Zamora Copper-Gold belt of southeastern Ecuador. Drilling commenced on April 14, 2026 and is currently being executed by four drill rigs on site. Five holes have been completed to date, with core currently being cut and prepared for shipment to the laboratory. Assay results will be reported as they become available.

Victor Feng, CEO, commented, "Phase 1 drilling is well underway at Santa Barbara and this initial program is designed to lay the foundation for a future mineral resource upgrade. We look forward to reporting assay results as they become available. Once Phase 1 is complete, we will advance into Phase 2, where we will step out and test targets at depth."

Phase 1 Drill Program

The Phase 1 program is designed to: (i) confirm historical drill results; (ii) complete infill drilling to upgrade the existing mineral resources; and (iii) obtain fresh drill core to further the Company's understanding of the mineralization controls and metallurgy at Santa Barbara. A subsequent Phase 2 program, which is expected to dovetail with the conclusion of Phase 1 drilling, will focus on step-out drilling and resource extension, including testing targets at depth.

Santa Barbara Gold-Copper Project Overview

Santa Barbara is a large-scale, gold-copper porphyry system located in the Zamora Copper-Gold Belt in the Province of Zamora-Chinchipe in southeastern Ecuador. The Project is situated adjacent to Silvercorp's Condor Project and the two were historically explored as part of the same district.

The Zamora Copper-Gold Belt hosts a number of significant operating mines and advanced development projects, including Lundin Gold's Fruta del Norte mine (36 km from Santa Barbara), the Mirador copper-gold mine (56 km from Santa Barbara), and Solaris Resources' Warintza project.

In connection with the acquisition of Santa Barbara, the Company filed an updated mineral resource estimate titled: "Independent Technical Report for the Santa Barbara Gold and Copper Project, Ecuador" on the Project on April 9, 2026, prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") by SRK Consulting (Canada) Inc. with an effective date of March 23, 2026 (the "Technical Report"). The Technical Report sets out the following updated mineral resource estimate for the Project:

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