WRAP Retail Offer for up to £100,000

Panther Metals Plc (LSE: PALM), the development and exploration company focused on mineral projects in Canada, is pleased to announce a retail offer via the Winterflood Retail Access Platform ("WRAP") to raise up to £100,000 (the "WRAP Retail Offer") through the issue of new ordinary shares of no par value each in the capital of the Company ("Ordinary Shares"). Under the WRAP Retail Offer up to 166,667 new Ordinary Shares (the "WRAP Retail Offer Shares") will be made available at a price of 60 pence per share (the "Issue Price") to existing shareholders of the Company in the UK.

In addition to the WRAP Retail Offer and as announced earlier today the Company has also raised gross proceeds of £600,000 (before expenses) through initial issue and allotment to Darren Hazelwood, CEO of the Company, of 1,000,000 Ordinary Shares in the capital of the Company (the "Placing") at the Issue Price (the "Placing Shares" and together with the WRAP Retail Offer Shares, the "New Ordinary Shares") and subsequent transfer of those Placing Shares to designated placees. The Issue Price represents a discount of approximately 11 per cent. to the closing mid-market price of 67.50 pence per Ordinary Share on 27 October 2025, being the latest practicable date prior to this Announcement.

The WRAP Retail Offer and the Placing are conditional on the New Ordinary Shares being admitted to listing on the equity shares (transition) category of the Official List maintained by the Financial Conduct Authority ("FCA") and to trading on the main market for listed securities of the London Stock Exchange plc ("London Stock Exchange") ("Admission"). It is anticipated that Admission will become effective and that dealings in the New Ordinary Shares will commence at 08.00 a.m. on 31 October 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 the Company, and through certain financial intermediaries.

Existing shareholders of the Company can contact their broker or wealth manager to participate in the WRAP Retail Offer.

The WRAP Retail Offer is expected to close at 4 p.m. on 29 October 2025. Eligible shareholders should note that financial intermediaries may have earlier closing times. Existing retail investors are not entitled to participate in the Placing.

There is a minimum subscription of £100 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.

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 £100,000.20, or such size as agreed by the Company.

No offering document, prospectus or admission document has been or will be prepared or submitted to be approved by the FCA (or any other authority) in relation to the WRAP Retail Offer, and investors' commitments will be made solely on the basis of the information contained in this Announcement and information that has been published by or on behalf of the Company prior to the date of this Announcement by notification to a Regulatory Information Service in accordance with the FCAs Disclosure Guidance and Transparency Rules and UK MAR.

For the purposes of UK MAR, the person who arranged for the release of this announcement was Darren Hazelwood, CEO of the Company.

The Company's LEI is 213800FE99O4CN3DJU27.

This Announcement should be read in its entirety. In particular, the information in the "Important Legal Information" section of the Announcement should be read and understood.