LUCA MINING CORP. REPORTS STRONG FIRST QUARTER 2026 RESULTS

Robust Quarterly Revenue and Strong Cash Generation Fund Accelerated Mine Investment While Increasing Cash Balance VANCOUVER, BC , May 26, 2026 /CNW/ - Luca Mining Corp. ("Luca" or the "Company") (TSXV: LUCA ) (OTCQX: LUCMF ) (Frankfurt: Z68) is pleased to report operational and financial results for the first quarter ended March 31, 2026. The Company delivered another strong financial quarter, achieving revenue of $57.6 million, net earnings of $12.6 million, and Adjusted EBITDA of $25.4 million, supported by continued contributions from both operations, improved operating leverage, and a favourable commodity price environment. The quarter demonstrated the Company's growing financial strength, with significant self-funded investments in sustaining capital, underground development, infrastructure and exploration programs designed to improve production flexibility, long-term operating performance and long-term value creation. The Company generated $21.6 million in operating cash flow, increased its cash balance by $10.8 million to $36.4 million, and funded $10.9 million in sustaining and exploration capital expenditures, reflecting increasing cash generation capability across both operations. Q1 2026 Highlights Strengthened balance sheet and liquidity position: Cash increased to $36.4 million at March 31, 2026, compared to $25.5 million at December 31, 2025 (+43%), reflecting strong operating cash generation and improved profitability during the quarter. Despite increased investment in sustaining capital, the Company generated free cash flow before working capital changes of $12.9 million in Q1 2026, contributing to a cash increase of approximately $10.8 million during the period. Revenue and Earnings: Revenue increased 40% to $57.6 million, while EBITDA increased 160% to $19.7 million and adjusted EBITDA increased 99% to $25.4 million, driven by significantly stronger