Loan Facility Agreement

Bradda Head Lithium Limited (AIM:BHL), the North America-focused lithium development group, announces that it has entered into a short-term loan facility agreement ("Galloway Facility") with Galloway Limited, a related party. The funding is provided in connection with the undertaking made by Galloway Limited as noted in the statutory accounts for the year ending 28 February 2025 to provide support for the Company to maintain its good standing and will be used for general working capital purposes.

A summary of the terms of the Galloway Facility is set out below:

• US$ 500,000 facility made available (no fees or set-off or contribution to costs);
• Drawn down at the request of the Company (subject to agreed use of proceeds with Galloway Limited);
• One year availability and repayment term;
• Unsecured;
• Interest at 12% per annum;
• Accelerated repayment if Company completes an equity fundraising during the term of the loan; and
• Standard events of default and warranties from both parties.

AIM Rule 13

As Jim Mellon and Denham Eke are both directors of the Company, and Jim Mellon is the 100% beneficial owner of Galloway Limited and Denham Eke its Managing Director, the provision of the Galloway Facility is a Related Party Transactions under the AIM Rules. Accordingly, the independent directors, being Ian Stalker, Alex Borrelli and Euan Jenkins, having consulted with the Group's Nominated Adviser, consider that the terms of the Galloway Facility are fair and reasonable insofar as the Company's shareholders are concerned.

About Bradda Head Lithium Ltd.

Nominated Advisor