WRAP Retail Offer for up to £200,000

Oriole Resources PLC (AIM: ORR), the AIM quoted gold exploration company focused on West and Central Africa 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 0.1 pence each in the capital of the Company ("Ordinary Shares"). Under the WRAP Retail Offer up to 83,333,333 new Ordinary Shares (the "WRAP Retail Offer Shares") will be made available at a price of 0.24 pence per share.

As part of the WRAP Retail Offer, the Company has agreed that one warrant for every one WRAP Retail Offer Shares will be granted (for no additional subscription cost), with each warrant ("Warrant") entitling the holder to acquire one new Ordinary Share at a price of 0.36 pence up to 28 November 2027 (the "Warrant Shares"). The Warrants will be subject to an accelerator mechanism if the volume weighted average price per Ordinary Share exceeds 0.60 pence over a 10 day period during the Warrant term.

In addition to the WRAP Retail Offer and as announced at 7.00 a.m. today, the Company has also conditionally raised approximately £1.8 million (before expenses) via a placing (the "Placing") of new Ordinary Shares (the "Placing Shares" and together with the WRAP Retail Offer Shares, the "New Ordinary Shares") at a price of 0.24 pence per Placing Share (the "Placing Price"). The Placing Price is equal to the bid-price of the Company's ordinary shares at close of market on 13 November 2025. The issue price of the WRAP Retail Offer Shares is equal to the Placing Price.

A separate announcement has been made regarding the Placing and its terms, and which sets out the reasons for the Placing and use of proceeds. The proceeds of the WRAP Retail Offer will add to the working capital of the Company.

The WRAP Retail Offer and the Placing are conditional on the New Ordinary Shares being admitted to trading on AIM. It is anticipated that Admission will become effective and that dealings in the New Ordinary Shares will commence on AIM at 8 a.m. on 28 November 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 Oriole Resources Plc and through certain financial intermediaries.

The WRAP Retail Offer is expected to close at 4.30 pm on Monday 17 November 2025. Eligible shareholders should note that financial intermediaries may have earlier closing times.

There is a minimum subscription of £500 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.

The New Ordinary Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with existing Ordinary Shares including the right to receive all dividends and other distributions declared, made or paid after their date of issue. The Warrants will, when exercised, be credited as fully paid Ordinary Shares, and have the right to receive all dividends and other distributions declared, made or paid after their date of exercise.

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.

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