Government Approves Transfer of Ownership of Disko

80 Mile PLC ('80 Mile' or the 'Company'), the AIM, FSE, and OTC listed exploration and development Company, announces that the Company has now received government approval for the indirect transfer of ownership of Nikkeli Greenland A/S ("Nikkeli"), the company which holds the licences for the Disko-Nuussuaq Ni-Cu-Co-PGE-Au project in West Greenland ("Disko"). On 1 January 2025, 80 Mile increased its ownership interest in Nikkeli, and by extension, Disko, from 49% to 100%.

The Company is committed to advancing the Disko-Nuussuaq project, and remains confident of its potential. 80 Mile is currently in discussion with multiple partners in order to advance the project further, and this remains a priority. The Company hopes to make a further announcement on this in due course.