Admission to AIM and First Day of Dealings

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL.

13 October 2026

Meantime Resources Plc

Admission to AIM and First Day of Dealings

Meantime Resources Plc (“Meantime Resources” or the “Company”) (AIM:MTR), an AIM-quoted investing company focused on acquiring, developing and operating high-quality mining assets in the precious and base metals sector, is pleased to announce admission of its ordinary shares of no par value each in the Company ("Ordinary Shares") to trading on the AIM market of the London Stock Exchange ("Admission"). The Company's Ordinary Shares will commence trading at 8.00 a.m. today under the ticker symbol "MTR" and the ISIN JE00BW2MR849.

In connection with Admission, the Company has successfully raised, in aggregate, gross proceeds of £15.0 million, by way of an institutional placing of new Ordinary Shares and warrants (“Warrants”) (the " Placing ") and a direct subscription for new Ordinary Shares and Warrants by the Management Team, Non-Executive Directors and certain other investors (the " Subscription ") (together, the "Fundraising "). Pursuant to the Fundraising, a total of 1,499,999 new Ordinary Shares and 1,500,000 Warrants will be issued in the Company, at a price of £10 per share (the " Issue Price "). Based on the Issue Price, the Company's market capitalisation on Admission will be approximately £15.0 million.

The Company is an investing company for the purposes of the AIM Rules. Meantime Resources has been established with the ultimate objective of creating value for its investors through the acquisition, development and operation of assets in the mining sector.

The Company’s acquisition strategy will be primarily focused on precious and base metals assets across the full life-cycle of a mine with its initial focus on more established mining jurisdictions within Europe, the Middle East, Africa and Central Asia.

Meantime Resources’ management team has a proven track record of delivering material value to shareholders with extensive global experience across the full lifecycle of an asset, across a number of jurisdictions.

The Company intends to make an acquisition within 18 months of Admission, which, on completion,  will result in the Company becoming an operating company.

Initial focus will be on operating assets and/or development opportunities with Identified Mineral Resources that supports a credible pathway to operational cashflow within a <5 year time horizon (2-3 year evaluation phase of engineering studies in addition to a +/-2 year build)

Joh. Berenberg, Gossler & Co. KG, London Branch ("Berenberg") is acting as nominated adviser and broker to the Company.

The Company's MTF Admission Prospectus and information required pursuant to AIM Rule 26 is available on the Company's website at https://meantimeresources.com.

Martyn Konig, Non-Executive Chair of Meantime Resources, said: “We are excited to have successfully brought Meantime Resources to the market. We believe the listing and industry focused investor base will provide a platform from which we can execute our acquisition strategy while simultaneously raising the company's profile and increasing access to the number of available acquisition opportunities.”

Martin Horgan, CEO of Meantime Resources, added: “We believe an opportunity exists to build a full life-cycle company focused on acquiring, developing and operating high-quality precious and base metals mining assets in established mining jurisdictions.  Initial work has been undertaken to identify and evaluate a pipeline of potential opportunities where we believe we will be able to apply our extensive collective experience to generate value.”

Total Voting Rights:

The total number of Ordinary Shares in issue on Admission will be 1,500,000, each carrying the right to one vote and the total number of voting rights will therefore be 1,500,000. No shares are held in treasury. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

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IMPORTANT NOTICES

This announcement has been issued by, and is the sole responsibility of, Meantime Resources plc.

The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose whatsoever on the completeness, accuracy or fairness of the information or opinions contained in this announcement.

Nothing in this announcement constitutes legal, financial, tax or other advice or takes into account the particular investment objectives, financial situation, taxation position or needs of any person.

This announcement is not for publication, release or distribution, directly or indirectly, in whole or in part, in or into or from the United States, Australia, Canada, New Zealand, Japan, the Republic of South Africa or any other state or jurisdiction in which such publication, release or distribution would be unlawful. This announcement and the information contained herein is not intended to and does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in the United States, Australia, Canada, New Zealand, Japan, the Republic of South Africa or any other state or jurisdiction in which such an offer would be unlawful.

The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

The New Ordinary Shares and Warrants have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States, absent registration or an applicable exemption from registration. The Company has no intention to register any part of the Fundraising in the United States or make a public offering of securities in the United States.

This announcement is being distributed only to: (a) in a EEA Member State, persons who are 'qualified investors' as defined in Article 2(e) of Regulation (EU) 2017/1129, as amended; and (b) in the United Kingdom, to “qualified investors” within the meaning of paragraph 15 of Schedule 1 to the Public Offers and Admissions to Trading Regulations 2024 who are also: (i) persons having professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the "Order"); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order; or (iii) persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000, as amended ("FSMA")) in connection with the sale of any securities of the Company may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “Relevant Persons”. This announcement must not be acted on or relied on: (i) in the United Kingdom, by persons who are not Relevant Persons; and (ii) in any EEA Member State, by persons who are not qualified investors. Any investment or investment activity to which this announcement relates is available only to or will be engaged only with: (i) Relevant Persons in the United Kingdom; and (ii) qualified investors in any EEA Member State. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.

Berenberg, which is authorised and regulated by the German Federal Financial Supervisory Authority and is authorised and subject to limited regulation by the Financial Conduct Authority in the United Kingdom, is acting exclusively for the Company and no one else in connection with the matters referred to in this announcement. It will not regard any other person (whether or not a recipient of this announcement) as its client and will not be responsible to anyone other than the Company for providing the protections afforded to its clients nor for giving advice in relation to any transaction or arrangement referred to in this announcement. The responsibilities of Berenberg as nominated adviser under the AIM Rules for Nominated Advisers are owed solely to the London Stock Exchange and are not owed to the Company or any other person.

No representation or warranty, express or implied, is made or given by or on behalf of the Company, Berenberg, or any of their respective parent or subsidiary undertakings or the subsidiary undertakings of any such parent undertakings, or any of such person's directors, officers, affiliates, agents, advisers, employees, or any other person, as to the accuracy, completeness or fairness of the information or opinions contained in this announcement and no responsibility or liability is accepted for any such information or opinions.

Forward looking statements

This announcement includes statements that are, or may be deemed to be, "forward-looking statements". They can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "targets", "may", "will" or "should", or in each case their negative or other variations or comparable terminology. They include all matters that are not historical facts, including statements about the Company's acquisition strategy.

Forward-looking statements speak only as at the date of this announcement. Except as required by the AIM Rules for Companies, the Market Abuse Regulation (as it forms part of UK domestic law) or other applicable law or regulation, none of the Company, the Directors or Berenberg undertakes any obligation to update, review or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

Capitalised terms used but not defined in this announcement have the meanings given to them in the Admission Document.

Neither the content of the Company's website nor any website accessible by hyperlinks from it is incorporated into, or forms part of, this announcement.