Update to Admission of Incentive Shares

Metals Exploration plc (AIM: MTL) ("Metals Exploration" or the "Company"), a gold producer, exploration, and development company with assets in the Philippines and Nicaragua, announces that, further to the Company's announcement of 27 February 2026, the admission of 1,182,210 new Ordinary Shares in accordance with the 2025 MIP will now take place at 8.00 a.m. on or around 6 March 2026 ("Admission").

Following Admission, the Company will have 3,279,456,030 Ordinary Shares in issue, of which 299,385,458 Ordinary Shares are held in treasury and, accordingly, the total number of voting rights is 2,980,070,572. Therefore, this figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.