Letter to Update Shareholders from Craig Ransley

G'day All!

Following my previous update to you on 31 July 2026, where I detailed our transition into an active, production-ready mining house, I am writing today to announce another key milestone.

As promised in my last letter, we are focused on transforming Amigo into a free cash flow generative gold producer in the shortest possible term.

The Board has formally adopted our first dividend policy.

Our target under this new policy is clear: to deliver our inaugural dividend within the next 12 months.

We have established a robust policy framework to support this, which is appended to this announcement. We set out with a clear mandate to build a company that prioritises the interests of its actual owners. This policy adoption aligns directly with making Amigo a premier, dividend-producing mining company.

I look forward to the exciting times ahead as we scale our gold processing operations. Our team will keep you updated, and I look forward to letting you know the moment we are in a position to distribute our first dividend.

As I have stressed before, our leadership team are operators focused on real results on the ground. We are shareholders ourselves, meaning our interests are fully aligned with yours. We are here to mine the resource in the ground rather than mining the share market.

To support this policy while avoiding equity dilution, we remain committed to a disciplined funding strategy, keeping capital-raising requirements at the project subsidiary level. This ensures that as Tanzanian operations scale up, the resulting cash flows are directed into the vault and ultimately back to you as dividends.

Thank you for your continued support as we put gold in the vault and build a world-class, yield-producing platform.

Adios Amigos!

Yours sincerely,

Craig Ransley

Executive Chair

Amigo Resources PLC

Dividend Policy

1 Overview

This Dividend Policy (Policy) sets out the position of Amigo Resources PLC (the Company) in relation to the declaration and payment of dividends from distributable profits, in accordance with the Companies Act 2006. This Policy provides general guidance only and does not constitute a commitment to pay dividends.

2 Declaration and Payment of Dividends

• The declaration and payment of dividends is at the discretion of the Board of Directors of the Company (the Directors):
• Interim dividends may be declared by the Directors at any time.
• Final dividends may only be paid following shareholder approval at a general meeting.
• The Policy of the Company is to distribute to shareholders a portion of distributable profits, subject to the Directors assessment of:
• the recognition of profit and availability of cash for distribution;
• any banking or other funding requirements by which the Company is bound from time to time;
• the operating and investment needs of the Company;
• working capital requirements for the Company and its subsidiaries;
• the anticipated future growth and earnings of the Company;
• provisions of the Company's Articles of Association; and
• any relevant applicable laws.
• The Policy of the Company in relation to dividends is as follows:
• The Company proposes, but does not commit, to consider paying dividends on a semi-annual basis:
• The Directors will endeavour, where appropriate, to maintain a dividend payout ratio of between 40% and 80% of net profit after tax attributable to the Company, subject to the considerations outlined above.
• The Board retains full discretion to vary or suspend dividends at any time.
• All dividends will comply with the London Stock Exchange Dividend Procedure Timetable.
• The Directors shall be responsible for all resolutions on the declaration and payment of dividends and will formally record such decisions in Directors minutes, including confirmation of available distributable profits.
• The Board of Directors provide no guarantee as to:
• the extent of future dividends; and
• the tax treatment of such dividends.
• The Company will not declare any dividend where prohibited by law, including where the Company does not have sufficient distributable profits or where the Directors have reasonable grounds to believe that the Company would, after payment, be unable to meet its liabilities as they fall due.
• The list of persons entitled to receive dividends at the record date shall be prepared by the Company's Share Registrar in accordance with the Company's instructions and applicable legislation. Dividend announcements will include the required LSE fields, including:
• gross dividend amount and currency;
• type of dividend (interim/final);
• record date;
• payment date;
• ISIN(s) and TIDM; and
• details of any scrip, DRIP, or currency election options.
• The Company must comply with the provisions of its Articles of Association, the Companies Act 2006, the UK Listing Rules, the Disclosure Guidance and Transparency Rules (DTRs), and the London Stock Exchange Admission and Disclosure Standards in relation to the declaration and payment of dividends.

Amendment

This Policy shall be effective from the date of execution and may be amended, replaced or revoked at any time by the Directors.

The Directors to review this Policy on an annual basis.

Policy Approval

Approved and adopted by the Board of Directors of Amigo Resources PLC on 21 August 2026.

Signed:

_________________

Craig Ransley - Executive Chair

On behalf of the Board of Directors of Amigo Resources PLC