Funding Update and Investor Meet 07 Oct

Bluebird Mining Ventures Ltd, a gold project development company, is pleased to announce an update on the Company's £350,000 loan ('the Loan') following the announcement of 30 September 2024 with regards to the binding term sheet that had been signed.

The Company has now signed a definitive loan agreement with Catalyse Capital. The loan will be disbursed in 12 equal monthly tranches commencing on the 10 October 2024. The Board believes that the Company is materially undervalued and as such, the Loan allows Bluebird to receive capital without having to utilise the equity capital markets, where it believes a potential funding would be at a significant discount to the current price and therefore unnecessarily dilutive.

As announced, to enable shareholders and new investors to participate alongside the Directors who are converting fees totalling £286,076 owed into equity, the Company is conducting an equity raise ("the Placing"), whereby any net cash sums received will be netted on a pro rata basis against the loan capital to be drawn, reducing the total loan commitment. This ensures that the Company will receive funding of at least £350,000 which will provide sufficient working capital through to the last quarter of 2025 and anticipated progress at both the Company's Korean projects and Batangas in the Philippines.

The Placing is being conducted at a price of 1p per share through a book building exercise that will now conclude close of business on 9 October 2024. The Placing has an attached one-for-one warrant with an exercise price of 1.25p per share and a 12-month life. These warrants carry an accelerator clause whereby, if the 10-day Volume Weighted Average Price (VWAP) is above 1.5p per share for 10 consecutive days, then the holder must either exercise the warrant or it becomes void.

Due to the complexity of the placing and inclusion of warrants, the Company has decided it would not be appropriate to include a retail offer. Accordingly, the Placing is being solely and fully coordinated by the Company's broker SI Capital. To subscribe for the Placing Shares, existing shareholders and other qualified investors should communicate their interest to SI Capital via their stockbroker as SI Capital cannot take direct orders from individual private investors who are not existing clients. Each bid should state the number of Placing Shares they wish to subscribe for at the 1p per share Placing Price. SI Capital's contact details are as follows:

Sam Lomanto: Tel: 01483 41500

Nick Emerson: Tel: 01483 41500

Shareholders can view the Company's most recent presentation via the following link.

Investor Meet:

Bluebird Executive Director and Interim CEO Aidan Bishop said, will provide a live presentation via Investor Meet Company on 07 October 2024, 09:00 BST. The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 06 October 2024, 09:00 BST, or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet Bluebird Mining Ventures Ltd via:

Investors who already follow Bluebird Mining Ventures Ltd on the Investor Meet Company platform will automatically be invited.

Bluebird Executive Director and Interim CEO Aidan Bishop said, "We have secured the £350,000 loan to provide ongoing working capital as we believe the value of our portfolio is not reflected in the price. The loan funding commitment effectively underwrites the funding requirements of the Company for the upcoming 12 months. I would like to thank both past and present management for their continued commitment to the Company demonstrated by their agreement to converting fees, which have accrued over the past few years, on the same terms as the Placing."

"We hope that progress on the ground will provide a rerating for our stock price for the benefit of all stakeholders and look forward to updating the market on positive developments as they materialise."