NLZM Mining Licence Renewed, Warrants Exercise TVR

10 March 2026

Bezant Resources Plc

("Bezant" or the "Company")

NLZM Mining Licence Renewed

Exercise of Warrants, Total Voting Rights

Bezant (AIM: BZT), the copper-gold exploration and development company, announces:

NLZM Mining Licence Renewed: The Mining Licence ML185 covering the Namib Lead and Zinc Mining Pty Limited ("NLZM") mine and processing plant, acquired by the Company in December 2025 to be used to process copper - gold pre-concentrate produced from the Company's Hope and Gorob Project mine site in Namibia, has been renewed. The renewed licence ML185 is valid for a period of 10 years to 24 February 2036.

Issue of new shares upon exercise of warrants: Pursuant to the exercise of warrants at a price of 0.06p per share in terms of the fundraising announced on 4 December 2023 the Company is issuing 5,000,000 fully paid ordinary shares of 0.002p each in the Company (the "Warrant Exercise Shares"). The Warrant Exercise Shares when issued will rank pari passu with the existing ordinary shares in the Company.

Application to trading on AIM: Application will be made to the London Stock Exchange for the 5,000,000 Warrant Exercise Shares to be admitted to trading on AIM. It is expected that admission will become effective and that dealings in the Warrant Exercise Shares will commence at 8.00 a.m. on or around 13 March 2026 (the "Admission").

Issued Share Capital: Following the issue of the Warrant Exercise Shares the Company's total issued share capital will consist of 18,147,154,126 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury and accordingly there are no voting rights in respect of any treasury shares. 

Total Voting Rights: On Admission, the above mentioned figure of 18,147,154,126 Ordinary Shares may be used by shareholders in the Company 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, Bezant under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

For further information:

or visit http://www.bezantresources.com

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.