Placing raised £200k, launch of WRAP retail offer

Sunrise Resources plc (AIM: SRES), wishes to announce that it has conditionally raised £200,000 before expenses ("the Placing") through the issue of 1,176,470,588 new Ordinary Shares of 0.001p each (the "Placing Shares") at the price of 0.017 pence per Placing Share (the "Placing Price"). The Placing Price represents a discount of approximately 17.1 per cent. to the mid-market closing price of an Ordinary Share on 30 July 2025 (being the latest practicable date prior to this announcement).

The Company will also shortly be launching a retail offering to the Company's existing shareholders to raise up to an additional £50,000 through the issue of up to a further 294,117,647 new ordinary shares (the "WRAP Retail Offer Shares") at the Placing Price.

The Placing

The Placing was arranged through the Company's broker, Peterhouse Capital Limited ("Peterhouse").

Mr Patrick Cheetham, Executive Chairman of the Company, has subscribed £50,000 for 294,117,647 Placing Shares and Mr Adam Hainsworth, a non-executive director of the Company has subscribed £30,000 for 176,470,588 Placing Shares as part of the Placing. Mr Cheetham's and Mr Hainsworth's participation in the Placing constitute related party actions under AIM Rule 13. The independent director of the Company (being Mr James Cole), having consulted with Beaumont Cornish Limited, the Company's nominated adviser, considers that the terms of their participation in the Placing are fair and reasonable insofar as the Company's shareholders are concerned.

Following the issue of the Placing Shares, Mr Cheetham will be beneficially interested in 685,761,926 Ordinary Shares representing approximately 10.22% of the Company's enlarged issued share capital and Mr Hainsworth will be beneficially interested in 325,738,372 representing approximately 4.85% of the Company's enlarged issued share capital.

Half of the amount raised by the Placing has been invested by a single institutional shareholder, a new investor in the Company.

Commenting today, Executive Chairman Patrick Cheetham said:

"Both myself and Mr Hainsworth are pleased to continue our financial support for the Company as we believe that the Company's assets are substantially undervalued by the market and that patient shareholders will be rewarded. We are also delighted to welcome a significant new institutional shareholder to the Company who shares the Board's vision for the Company."

Use of Proceeds

The net funds raised will be applied to general working capital and to support the Company's plans for advancement of the Company's mineral projects.

Admission

The issue of the Placing Shares is conditional only on Admission. Application is being made for the Placing Shares, which will rank pari passu with all existing ordinary shares,to be admitted to trading on AIM and Admission is expected to occur on or around 6 August 2025.

The Retail Offer

The Company is pleased to announce that a retail offer to existing shareholders will be shortly launched via the Winterford Retail Access Platform ("WRAP"), to raise up to an additional £50,000 (the "WRAP Retail Offer"), through the issue of up to 294,117,647 WRAP Retail Offer Shares, at the Placing Price.

The proceeds of the WRAP Retail Offer will be utilised in the same way as the proceeds of the Placing. For the avoidance of doubt, the WRAP Retail Offer is not part of the Placing. Completion of the WRAP Retail Offer is conditional, inter alia, upon the completion of the Placing, but completion of the Placing is not conditional on the completion of the WRAP Retail Offer. The WRAP Retail Offer is conditional on the WRAP Retail Offer Shares being admitted to trading on AIM.

The WRAP Retail Offer is expected to close at 10.00am on Friday 1 August.

Total Voting Rights

For the purposes of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Board of Sunrise hereby notifies the market that further to Admission of the Placing Shares, the Company's issued share capital will consist of 6,709,472,747 Ordinary Shares with a nominal value of 0.001p each, with voting rights ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights will be 6,709,472,747. This figure may be used by shareholders in the Company as denominator for the calculations by which they may determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Nominated Adviser