Board and Management Update

80 Mile plc ("80 Mile" or "the Company"), the AIM, FSE, and OTC.BLLYF listed exploration and development company with projects in Greenland, Finland, and Italy, would like to advise of forthcoming changes to its Board and senior management team as the Company transitions into a free carried position across its key projects, and prepares for the restart of the Ferrandina biofuels plant in Italy.

Board Changes

The Company announces that Mr. Eric Sondergaard will step down from his position as Managing Director of the Company. Subject to completion of funding for USFM Corporation ("USFM"), it is expected that Eric will join the board of US-based USFM in due course. Under the recently announced binding heads of terms for an earn-in, USFM has agreed (subject to execution of definitive agreements and other conditions) to invest US$30 million for 51% of the Disko licences via Nikkeli Greenland A/S, a 100% owned subsidiary of 80 Mile.

The Board expresses its appreciation to Mr. Sondergaard for his leadership through the recent complex corporate reorganisation and the strategic realignment of the Company's portfolio. His contribution during this transformative period has been instrumental in positioning 80 Mile for its next stage of growth. The Board also acknowledges his commitment to ensuring a seamless management transition and continued support through the handover period.

• Troy Whittaker, currently a Non-Executive Director, will immediately transition to the role of Executive Director, reflecting his increasing involvement in the Company's projects and operations. With over 20 years of international project development and operation experience, he has been a key contributor to the Company's strategic planning over the past year.

Management Appointments

• Olga Solovieva has been promoted to Chief Operating Officer (non-Board). Olga brings extensive technical and operational expertise from her career in geoscience, project delivery, and strategic execution across international energy ventures. Her leadership will be key as 80 Mile enters an active development phase.

Following the Company's move to full ownership of the Greenswitch Facility in Italy, Mr. Mark Frascogna has joined as Managing Director of Hydrogen Valley (non-board of 80 Mile). Mr. Frascogna brings more than 20 years of experience in industrial operations, energy infrastructure, and business development across the Italian and European energy markets. His local insight and operational background will be vital to advancing Hydrogen Valley towards production and supporting 80 Mile's clean energy strategy in Europe.

Continuing Leadership

During the transition, Executive Directors Mr. Roderick McIllree and Mr. Troy Whittaker will work closely with Olga, Mark, and the broader management team to ensure the safe execution of upcoming drilling programmes at Disko and Jameson and overseeing the restart of the Ferrandina Biofuels Plant on behalf of 80 Mile.

These initiatives remain central to 80 Mile's near-term value creation and overall operational strategy.