Exercise of Options and Issue of Equity

Anglo Asian Mining PLC ("Anglo Asian", the "Company" or the "Group"), the AIM listed gold, copper and silver producer focused in Azerbaijan, announces that it has allotted 120,000 new ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") pursuant to the exercise of options by William Morgan, Chief Financial Officer and a person discharging managerial responsibilities ("PDMR").

Following the issue of the new Ordinary Shares referred to above, Mr Morgan has an interest in a total of 420,000 Ordinary Shares, representing 0.367 per cent. of the issued Ordinary Share capital, as enlarged by the issue of new Ordinary Shares in connection with the above share option exercise.

Admission and Total Voting Rights

The 120,000 new Ordinary Shares will rank pari passu in all respects with the existing ordinary shares of 1p each in the Company including the right to receive any dividend or other distribution thereafter declared, made or paid. Application has been made to the London Stock Exchange for the new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the new Ordinary Shares will commence on or around 10 June 2026.

Following the issue of the new Ordinary Shares, the Company's issued share capital now consists of 114,612,024 ordinary shares of 1p each, 150,000 of which are held in treasury. Therefore, the total number of voting rights in the Company is 114,462,024.

The above figure of 114,462,024 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.