WRAP Retail Offer for up to £200,000

Cadence Minerals (AIM: KDNC) is pleased to announce a retail offer via the Winterflood Retail Access Platform ("WRAP") to raise up to £200,000 (the "WRAP Retail Offer") through the issue of new ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares"). Under the WRAP Retail Offer up to 6,666,667 new Ordinary Shares (the "WRAP Retail Offer Shares") will be made available at a price of £0.03 per share.

In addition to the WRAP Retail Offer and as announced at on the 29 September 2025 at 7 am, the Company completed a Placing of new Ordinary Shares (the "Placing Shares") to raise approximately £2.34 million (before expenses), and assuming the WRAP Retail Offer Shares are fully subscribed together the Company will have raised approximately £2.54 million (before expenses) at a price of £0.03 per Placing Share (the "Placing Price"). The issue price of the WRAP Retail Offer Shares is equal to the Placing Price.

For the avoidance of doubt, the WRAP Retail Offer is not part of the Placing.

The WRAP Retail Offer is conditional on the New Ordinary Shares being admitted to trading on AIM ("Admission"). It is anticipated that Admission will become effective and that dealings in the New Ordinary Shares will commence, at 7 a.m. on 16 October 2025.

WRAP Retail Offer

Therefore, the Company is making the WRAP Retail Offer open to eligible investors in the United Kingdom following release of this announcement, being existing shareholders of Cadence Minerals, and through certain financial intermediaries.

The WRAP Retail Offer is expected to close at 5:00 pm on 7 October 2025. Eligible shareholders should note that financial intermediaries may have earlier closing times.

There is a minimum subscription of £100 per investor under the WRAP Retail Offer. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges.

It is a term of the WRAP Retail Offer that the total value of the WRAP Retail Offer Shares available for subscription at the Placing Price does not exceed £200,000, or such size as agreed by the Company.