Draft Prospectus submitted to FCA

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

THIS ANNOUNCEMENT IS NOT A PROSPECTUS OR CIRCULAR AND INVESTORS SHOULD NOT MAKE ANY INVESTMENT DECISION ON THE BASIS OF ITS CONTENTS. A COMBINED CIRCULAR AND PROSPECTUS IN RELATION TO THE PROPOSED ACQUISITION IS EXPECTED TO BE PUBLISHED IN DUE COURSE.

FOR IMMEDIATE RELEASE

13 November 2026

Amigo Resources PLC("Amigo" or the "Company")

Draft Prospectus submitted to FCA

Capitalised terms used but not defined in this announcement have the meanings given to them in the Company's announcement dated 28 September 2026.

The Company confirms that work on the Proposed Acquisition is progressing and that a draft combined circular and prospectus (the "Prospectus") has been submitted to the FCA for review. Completion remains subject to, among other things, FCA approval of the Prospectus, FCA and LSE approval of the Re-admission, and Shareholder approval of the Proposed Acquisition.

The Company continues to target Completion on or before 31 January 2027, ahead of the Long Stop Date of 31 March 2027 (unless amended by agreement between the parties to the SPA). There can be no certainty as to the timing of Completion or that the Proposed Acquisition will proceed. Further announcements will be made as appropriate.

For further information on the RTO, refer to the Company's announcement titled "Replacement - SPA for Kamiesberg Mineral Project" dated 29 September 2026.

Craig Ransley, Executive Chair of Amigo Resources PLC, commented:

“The lodgement of the draft prospectus is a further milestone achieved by the Company and its advisors … we look forward to finalising this RTO process in early 2027.

As stated previously … the acquisition of the world-class Kamiesberg Project marks a transformative step in Amigo’s growth strategy, expanding its footprint into South Africa and strengthening its exposure to both gold and critical rare earth commodities through a large-scale JORC Resource base … Amigo plans to develop Kamiesberg using a phased, modular approach, with the first module targeted for commissioning within six months of completion.”

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR"). The Company has implemented its disclosure controls and procedures in connection with this announcement. The Company confirms that, upon publication of this announcement, this inside information is now considered to be in the public domain.

For the purposes of UK MAR, the person responsible for arranging the release of this announcement on behalf of the Company is Craig Ransley (Executive Chair) and Nathan Boom (Chief Executive Officer).

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About Amigo Resources PLC

Amigo is a public limited company registered in England and Wales with registered number 10024479. Amigo is focussed on gold, Platinum Group Metals (PGMs), and rare earth mining opportunities in Africa. The Amigo shares are listed on the Official List of the Financial Conduct Authority and traded on the Main Market of the London Stock Exchange.

Important Notice & Caution Regarding Forward-Looking Statements

This announcement is not intended to, and does not, constitute or form part of any offer, invitation, or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell, or otherwise dispose of, any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to this announcement or otherwise.

This announcement contains forward-looking statements concerning Amigo Resources PLC. Forward-looking statements are not statements of historical fact, and actual events and results may differ materially from those described in the forward-looking statements as a result of a variety of risks, uncertainties, and other factors. Forward-looking statements in this document are based on Amigo's beliefs, opinions, and estimates as of the dates the forward-looking statements are made, and no obligation is assumed to update forward-looking statements if these beliefs, opinions, or estimates should change or to reflect other future developments.