Advisory Board Appointment - Julien Bosche

Panther Metals Plc (LSE: PALM), the exploration company focused on mineral projects in Canada, is pleased to announce the appointment of Julien Bosche to the Advisory Board. Julien brings a wealth of experience to Panther as the business accelerates its growth.

Julien brings over 16 years of mining investment and private equity related experience, including merger and acquisition strategy, transaction execution and deal origination.

Until recently, Julien was part of the management team that took Trident Royalties, an AIM-listed, diversified mining royalty company, from a small cash shell to a successful sale to Deterra Royalties for £144M.

Prior to that, Julien's roles included positions at a Swiss private equity fund and the International Finance Corporation (the private sector arm of the World Bank Group), both focused on mining investments. Julien began his career in the M&A team in Citigroup's investment bank in New York City.

Julien holds a Bachelor of Business Administration from The University of Texas at Austin and an MBA from INSEAD.

Darren Hazelwood, Chief Executive Officer, commented:

"We are delighted to welcome Julien Bosche to Panther Metals as a strategic advisor. Julien brings a wealth of experience in mining investment and royalty financing, with a proven track record of identifying and executing value-accretive opportunities across the sector. His insight and global perspective will be invaluable as we accelerate our growth strategy and continue to unlock value across our portfolio. We look forward to working closely with Julien as we take Panther Metals to the next stage of its development."

Julien Bosche commented:

"I'm excited to join Panther Metals as an advisor at such a pivotal stage in the company's journey. Panther's focus on high-potential exploration assets, combined with a disciplined and entrepreneurial approach to growth, presents a compelling opportunity. I look forward to working with the team to help shape and support the company's strategy as it continues to build momentum and deliver long-term value for shareholders."

The Panther Metals Winston Project, located 50 km east of Thunder Bay, Ontario, Canada, is an advanced stage polymetallic zinc, copper and precious metal property comprising a high-grade critical mineral mine redevelopment and resource building opportunity. Based on a Feasibility Study published in 2021 the Project is expected to generate average life of mine ("LOM") annual EBITDA of C$67.64 million (M) and have a pre-tax NPV8% of C$ 175.8 M and IRR of 26%, with further strong exploration potential for defining additional Mineral Resources and Mineral Reserves from the two main deposits as well as additional near-mine volcanogenic massive sulphide ("VMS") exploration targets.

2021 Feasibility Study Headline Metrics

• NPV8%: C$175.8M pre-tax, assuming zinc priced at US$2,700/t, copper at US$7,300/t, gold at US$1,635/oz & silver at US$21/oz. At a derisked 6% discount Pre-tax NPV = C$213.2M.
• IRR: 26% pre-tax
• EBITDA : C$574.9M (gross), C$67.64M (annual). Gross revenue: C$983.3M
• CAPEX: C$145.1 M
• OPEX: C$65.17/t
• Indicated Resource 2.07 Million Tonnes @ 18% Zn
• Volcanogenic Massive Sulphide mineralisation well understood by Panther.
• Positive First Nation engagement.
• Strong Institutional and Governmental support for future financing options.

The 2021 Feasibility Study1 for the Winston Project detailed a strong economic case for mine redevelopment for a 1,000 tonnes per day underground operation with a net present value (NPV8%) of C$171.5M and pre-tax internal rate of return (IRR) of 26% based on an Ore Reserve of 1.96Mt @ 13.9% Zn, 0.6% Cu with significant gold and silver credits (Table 1) producing an expected 69.8 thousand tonnes per year (ktpa) of zinc concentrate and 5.3 ktpa of copper concentrate over an initial 8.5 year mine life. The Project boasts a high-grade CIM compliant Indicated Mineral Resource2 of 2.07Mt averaging 17.9% zinc, 0.8% copper, 0.4 g/t gold, and 34 g/t silver plus Inferred 0.27Mt @ 16.2% Zn, 1.0% Cu, 0.3g/t Au & 37.2g/t Ag (Table 2). Project is located only 20km from the trans-Canada highway and infrastructure including power, tailings storage facility, transport links and underground development are already in place. The previous mining operation closed in February 1999 due to very low zinc prices at the time. In total, 3.4 million tonnes grading 1.0% copper and 16% zinc was mined and processed. The total project area covers approximately 60.4km2 and comprises both patented freehold, leased and Crown-land mining claims.

Table 1: Winston Project Mineral Reserve

Notes: JORC (2012) compliant Mineral Reserve effective date 5 July 2019. Ore Reserves are based solely on Indicated Mineral Resources and are reported above an average net smelter return (NSR) cut-off grade of US$98 /t equivalent to 5.2% Zn. 1

Table 2: Winston Project Mineral Resource Estimate at 3% Zn cut-off grade

Technical References:

Obonga Project - Expanding Canada's Next VMS and Critical Minerals District

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Dotted Lake Project - Hemlo-Adjacent Gold Opportunity with Growing Momentum

Commercial Strategy - Discovery-Driven Value Creation