Commitment to GISTM

Anglo Asian Mining PLC ("Anglo Asian" or the "Company"), the AIM listed gold, copper and silver producer focused in Azerbaijan, is pleased to announce that it has committed to implement the Global Industry Standard on Tailings Management ("GISTM") at its operations at Gedabek.

Anglo Asian currently complies with all local tailings dam regulations. Three international environmental and engineering consultancies have carried out audits, which confirm the tailings management facility is operated to international standards.

GISTM is a set of principals governing tailings management established under the auspices of the UN Environment Programme, the International Council on Mining and Metals and the Principles of Responsible Investment. It strives to achieve the ultimate goal of zero harm to people and the environment with zero tolerance for human fatality. It requires operators to take responsibility and prioritise the safety of tailings facilities, through all phases of a facility's lifecycle, including closure and post-closure. It also requires the disclosure of relevant information to support public accountability.

The Principles for Responsible Investment, represented by the Church of England Pensions Board (the "Pensions Board") together with the United Nations Environment Programme, is leading a programme to establish an independent institute to oversee the implementation of GISTM. The Company has confirmed to the Pensions Board that they will work towards full compliance with GISTM and support the formation of the institute.

About the tailings management facility at Gedabek

The Company's tailing management facility is situated approximately 4.5 kilometres from the Company's processing facilities at Gedabek. It is a downstream rock fill embankment and was designed by international consultants (CQA International) approximately 12 years ago in accordance with the International Committee on Large Dams ('ICOLD') guidance. This guidance reflected best practice at the time for the design and construction of tailings management facilities. The construction of the tailings embankment was supervised by CQA International. There have been four construction phases with one further construction phase required for the facility to reach its final design capacity.

Compliance with the Global Industry Standard on Tailings Management

The Company is aiming for full compliance by the end of 2026. Knight Piésold will conduct a GISTM audit in which the Company will be asked to provide evidence under each of the 15 principals and 77 requirements.