Update on Proposed RTO and General Update

Vast Resources plc announces that, further to the proposed Reverse Takeover announced on 22 December 2025, it has entered into an amendment agreement with Bay Square Pacific Ltd to extend the long stop date in respect of the SPA from 5 May 2026 to 30 June 2026 provided that the General Meeting to propose the shareholder resolution to approve the SPA has been called by 15 June 2026("Longstop Date Extension").

Transaction Update

The Company notes that the Proposed Transaction has further advanced with due diligence largely completed and that the anticipated formal confirmation by the Government of Tajikistan of organisational changes in Aprelevka in order to ensure a smooth transition post completion of the Proposed Transaction has now been received, and subject to completion of the associated fundraising, the Company expects to be in a position to publish an AIM Admission Document in May 2026. The changes authorised by the Government of Tajikistan are deemed by the Board to be fundamental to enabling the Company to unlock significant value in the underlying assets, within a corporate structure which enshrines the required levels of corporate governance.

In order to be in a position to conclude the Proposed Transaction and publication of an AIM Admission Document, the Company is currently accelerating the audit of the Gulf International Minerals Limited accounts to 31 December 2025. This process is underway is and expected to be concluded in the coming weeks.

Diamond Sales Update

Further to the announcement of 31 March 2026 and the ongoing military conflict in the Middle East, the Company has established an alternative sales channel in Antwerp and expects to commence the sales process during the week commencing 4 May 2026. The Company will provide further updates to the market in relation to the sales results as and when the process completes.

Loan Facility Update

Further to the announcement of 31 March 2026, Vast confirms that it remains in active discussions with A&T Investments SARL and Mercuria Energy Trading SA to seek to agree to an extension of the terms of their respective loans until RTO completion, subject to continued progress being made on the Proposed Transaction. The Company intends to use the revenue from upcoming diamond sales, together with proceeds from the Placing in relation to the Reverse Takeover and proceeds from new offtake finance agreements and / or wider funding arrangements, to repay the Creditors in full. It is noted that, whilst the Board remains confident further Loan Facility Extensions can be agreed in order to support completion of the Proposed Transaction, there can be no guarantee as to the outcome of discussions in relation to the Loan Facility Extensions or that the Proposed Transaction will complete.

For further information, please visit the Company's website at www.vastplc.com or contact: