La India Construction Site - Fatal Accident

Metals Exploration plc (AIM: MTL) (“Metals Exploration”, the “Company” or the “Group”), with sincere regret reports that an incident occurred at the La India project construction site, in Nicaragua, on 19 October 2026 which resulted in the loss of life of a contractor’s employee. The incident was in relation to construction work at a leach tank.

Metals Exploration has launched a full investigation into the incident and has alerted the relevant authorities. The construction site has been closed while the matter remains subject to further investigation and no further details can be released until this investigation is complete.

The Company is saddened by this incident and expresses its deepest condolences to the family and colleagues of the deceased individual. The safety, health and welfare of all colleagues and contractors remains the Company’s top priority and Metals Exploration takes this loss of life incident, and its safety procedures, very seriously.