Molaoi Update

• Diamond drilling to upgrade the mineral resource from Inferred to Indicated continues, with hole HMO-021 now complete and hole HMO-022 in progress.
• Hand-held XRF readings of core from hole HMO-021 include some outstanding numbers for zinc and silver including multiple individual spot readings between 238m and 248m averaging 6% Zn, 48g/t Ag. Peak, individual spot readings are 43.2% Zn and 183g/t Ag.
• A second zone in hole HMO-021 from 271.8m to 274.1m averages 9.5% Zn and 37.8g/t Ag with peak readings of 40% Zn and 101g/t Ag.
• A 1.5m wide zone at 300m depth has individual readings of 24.6% Zn and 559g/t Ag which represents the highest grade of silver ever encountered at Molaoi.
• Another deeper, narrow zone of mineralisation at 311m depth has returned individual spot pXRF results including 46.6% Zn and 122g/t Ag.
• Finally, a deep lode at 349m depth has multiple pXRF readings averaging 5.5% Zn, 1.7% Pb and 37.2g/t Ag with peak individual spot values of 38.6% Zn, 9.9% Pb and 86g/t Ag.
• The pXRF equipment does not measure germanium values, but germanium will be analysed at the laboratory.
• Results from Bond Ball Mill work index tests (BWi) have been received from SLR Consulting. The result again measures the Molaoi ore as 'Medium-Hard' for grinding using a Ball Mill instead of a Semi-Autogenous Grinding ("SAG") mill. The BWi result for a Ball Mill is 14.83 kWh/t.
• A higher work index for the Ball Mill option supports the use of Semi-Autogenous Grinding ("SAG") rather than a ball mill. These tests assist with the selection of equipment for future crushing and grinding and help to estimate the power requirements for future grinding.
• The Uniaxial Compressive Strength ("UCS") tests show that 60% of the samples tested have properties which indicate the ground will be capable of supporting standard underground open voids.
• Epiroc has informed the Company that Rockfire's own drilling rig is now expected for arrival in Athens on the 18th of November 2026.

Drill hole location map within the Molaoi Licence.

David Price, Chief Executive Officer of Rockfire, commented:

"The preliminary pXRF results and intercept widths encountered in hole HMO-021 are very pleasing and extends zinc mineralisation deeper on the 4078026N line. Samples have been sent to the laboratory for definitive analysis and the market will be informed once these are received back.

The Bond Ball Mill tests were conducted to ensure the Company has covered all possibilities for grinding options. These tests eliminate speculation and assumptions being input to the feasibility study and support the feasibility with real data and measurable power expectations.

The result of the Ball Mill Work Index tests confirm that Rockfire is correct to consider the option of a Semi-Autogenous Grinding ("SAG") circuit, rather than a conventional ball mill. SAG mills typically have materially cheaper operating costs, including lower electricity requirements and no steel balls to replace after destruction by abrasion.

The Uniaxial Compressive Strength ("UCS") test results show that 40% of the samples will require immediate pattern rock bolting to maintain strength for a safe mining environment (1.0MPa - 2.0MPa). A further 20% of samples show that the ground will be capable of supporting standard underground open spans (2.0MPa - 4.0MPa), while the remaining 40% show competent stability for open voids (4MPa - 8MPa). These results will feed into our ground support calculations for underground mine design. This is very important in calculating the costs for up to 40% of the underground mining operation likely to require rock bolting and meshing.

The market will continue to be informed and updated as we advance the Molaoi Project."