Draft Prospectus submitted to FCA

THIS ANNOUNCEMENT IS NOT A PROSPECTUS OR CIRCULAR AND INVESTORS SHOULD NOT MAKE ANY INVESTMENT DECISION ON THE BASIS OF ITS CONTENTS. A COMBINED CIRCULAR AND PROSPECTUS IN RELATION TO THE PROPOSED ACQUISITION IS EXPECTED TO BE PUBLISHED IN DUE COURSE.

Amigo Resources PLC

("Amigo" or the "Company")

Draft Prospectus submitted to FCA

Capitalised terms used but not defined in this announcement have the meanings given to them in the Company's announcement dated 28 September 2026.

The Company confirms that work on the Proposed Acquisition is progressing and that a draft combined circular and prospectus (the "Prospectus") has been submitted to the FCA for review. Completion remains subject to, among other things, FCA approval of the Prospectus, FCA and LSE approval of the Re-admission, and Shareholder approval of the Proposed Acquisition.

The Company continues to target Completion on or before 31 January 2027, ahead of the Long Stop Date of 31 March 2027 (unless amended by agreement between the parties to the SPA). There can be no certainty as to the timing of Completion or that the Proposed Acquisition will proceed. Further announcements will be made as appropriate.

For further information on the RTO, refer to the Company's announcement titled "Replacement - SPA for Kamiesberg Mineral Project" dated 29 September 2026.

Craig Ransley, Executive Chair of Amigo Resources PLC, commented:

“The lodgement of the draft prospectus is a further milestone achieved by the Company and its advisors … we look forward to finalising this RTO process in early 2027.

As stated previously … the acquisition of the world-class Kamiesberg Project marks a transformative step in Amigo’s growth strategy, expanding its footprint into South Africa and strengthening its exposure to both gold and critical rare earth commodities through a large-scale JORC Resource base … Amigo plans to develop Kamiesberg using a phased, modular approach, with the first module targeted for commissioning within six months of completion.”