BCM Completion of Bibemi Earn-in

Oriole Resources PLC (AIM: ORR), the AIM quoted gold exploration company focused on West and Central Africa, is pleased to announce that it has received the first US$300,000 tranche of funding from BCM International ('BCM') in relation to a completion agreement (the 'Completion Agreement'), as announced by the Company on 5 November 2025.

Consequently, and in accordance with the Completion Agreement, the Company can confirm that BCM has now earned a 50% beneficial interest in the Bibemi gold project and licence. The administrative work to formalise that interest, including the drafting of a joint venture agreement, is now underway.

Chief Executive Officer of Oriole Resources, Martin Rosser, said: "We would like to thank BCM for its unstinting management support and essential funding during the earn-in period, which has resulted in it reaching its 50% beneficial interest. We look forward to continuing this strong working relationship as we advance the project under a joint venture agreement, especially the forthcoming exploitation licence negotiations with the Cameroon Government."

In January 2024, the Company signed two Earn-In Agreements with BCM in relation to the Mbe and Bibemi projects (see Oriole's announcements dated 5 January and 19 January 2024), whereby BCM could earn a 50% interest in both projects by meeting certain commitments, including US$4 million in exploration expenditure at each project within two years, and potential resource-linked, success-based payments.

Earlier this month, with the Earn-In Agreements both nearing the end of their terms, the Company signed a Completion Agreement with BCM to formalise the outstanding exploration programmes and expenditure commitments under those Earn-In Agreements.

Under the terms of the Completion Agreement, BCM will pay the Company US$900,000 in cash in three equal monthly instalments, starting in November 2025. The first of those payments has now been received. BCM will also contribute US$300,000 to drilling costs at the MB01-N Drilling Programme that is now underway (see announcement dated 24 November 2025).

Once all financial commitments are received and upon completion of the MB01-N Drilling Programme, targeted for late Q1-2026, BCM will reach a 50% interest in the Mbe licence.