Authorisation granted to allot New CAML Shares

Central Asia Metals PLC (AIM: CAML) announces that at an Extraordinary General Meeting of the Company held on 4 September 2026, the Resolution was duly passed by shareholders to authorise the Directors to allot the New CAML Shares pursuant to the proposed acquisition of Cygnus Metals Limited (ASX:CY5, TSXV: CYG, OTCQB: CYGGF) ('Cygnus') by means of an Australian Scheme of Arrangement as announced on 2 June 2026 (the 'Cygnus Transaction').

Details of the Resolution can be found in the Circular to Shareholders published on 14 August 2026, and further information on the Cygnus Transaction can be found in Cygnus' Scheme Booklet, both of which are available on the Company's website at:

In addition, following on from the publication of Cygnus' Scheme Booklet, CAML has engaged Bell Potter who may be able to assist Cygnus shareholders to execute trades on the London Stock Exchange's AIM market following completion of the Cygnus Transaction. Cygnus shareholders should refer to Cygnus' disclosure for further details of how to access this service.

Gavin Ferrar, Chief Executive Officer of CAML, commented:

"The results of today's EGM show that our shareholders have voted overwhelmingly in favour of the Cygnus Transaction, which represents a key milestone towards realising our plans to add Cygnus' high-grade Chibougamau copper-gold project in Québec to our portfolio.

"We are grateful to our shareholders for their support, which we believe represents a strong endorsement of our strategy of creating a balanced portfolio of profitable production, development-based growth and exploration potential, whilst also allowing for significant capital returns. We look forward to completing the Cygnus Transaction, and delivering on that strategy to the benefit of all shareholders."