Filing of Preliminary Non-Offering Prospectus

Panther Metals Plc (LSE: PALM), an exploration company focused on mineral projects in Canada, is pleased to announce that it has filed a preliminary long form non-offering prospectus dated 16 October 2026 (the "Prospectus") with the Ontario Securities Commission (the "Commission") and has applied to the Canadian Securities Exchange (the "CSE") for a secondary listing of its ordinary shares on the CSE in Canada (the "Listing").

The Company's ordinary shares will continue to be listed on the official list of the UK Financial Conduct Authority and traded on the main market for listed securities of the London Stock Exchange plc. The filing of the Prospectus follows the announcement on 16 October 2026 of the closing of the £2.2m "flow through" financing which secured the financial position of the Company to meet the initial listing requirements in respect of the Listing.

Final acceptance of the Prospectus and the Listing are subject to the review and approval of the Commission and the CSE, respectively. The Prospectus contains important information relating to the Company and its currently issued shares capital and is subject to amendment as may be required by the Commission. The Prospectus will be available for review under Panther's profile on the Canadian System for Electronic Document Analysis and Retrieval ("SEDAR+") at www.sedarplus.ca.

The Company believes that the Listing will enable the Company to provide liquidity to its existing shareholders and offer the opportunity to raise additional capital to build out its business and execute its business plans through exposure to a range of new investors on one of the premier public markets for the mining sector. The Company can give no assurances that the Listing will be successful or that, if it is successful, that any significant market for its securities will develop. The Listing will be subject to the Company fulfilling all of the CSE's initial listing requirements and the Company being receipted for a final prospectus with the securities regulatory authorities in the Province of Ontario.

There can be no guarantee that a receipt for the final prospectus will be obtained from the Commission or that the Company will fulfil all of the CSE's initial listing requirements.

The Company also announces that it has prepared, in accordance with the requirements of National Instrument 43-101 - Standards of Disclosure for Mineral Projects, a technical report dated 28 July 2026 (the "Winston Lake Technical Report") in respect of the Winston Lake Project located 25 kilometres north of Schriber and 145 kilometres northeast of Thunder Bay in Ontario, Canada. The Technical Report is titled "NI 43-101 Technical Report on the Winston Lake Project, Pays Plat Lake Area NTS42D/14 and was prepared by Mark Puumala, P.Geo. and Andrew Tims, P.Geo. A copy of the Winston Lake Technical Report will be available under the Company's profile on SEDAR+ and a link is available on the Company's website at https://panthermetals.com/investors/presentation. This version of the Winston Lake Technical Report replaces the version of such report filed on May 13, 2026.

This announcement has been authorised by the Board of Directors.