White Flame Energy Acquisition - Issue of Equity

80 Mile plc ('80 Mile' or the 'Company'), the AIM and FSE listed exploration and development company with projects in Greenland and Finland, is pleased to announce that, further to the announcement dated 11 March 2026 regarding its proposed acquisition of the remaining 3.36 per cent minority interest of White Flame Energy Limited ("WFE"), the Company has received acceptances in respect of 2.18 per cent of the issued share capital of WFE.

Accordingly, the Company will issue 6,513,349 new ordinary shares in the Company (the "Consideration Shares") to the accepting shareholders pursuant to the terms of the offer.

Following this transaction, 80 Mile will hold 98.82 per cent of the issued share capital of WFE.

Admission and Total Voting Rights

Application will be made to the London Stock Exchange for admission of a total of 6,513,349 Consideration Shares to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the Consideration Shares will commence on AIM at 8.00 a.m. on or around [14] April 2026.

The Consideration Shares will be issued fully paid and will rank pari passu in all respects with the Company's existing ordinary shares of 0.01 pence each ("Ordinary Shares").

Following Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 5,068,076,045 of which 4,864,519,027 have voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's share capital pursuant to the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.