Proposed sale of Eureka Project in Argentina

1 May 2025

Bezant Resources Plc

("Bezant" or the "Company")

Proposed sale of Eureka Project in Argentina

Bezant (AIM: BZT), the copper-gold exploration and development company, further to its announcement on 16 April 2025 regarding the conditional share purchase agreement for the sale of Puna Metals S.A. ("Puna") which holds the 12 licences comprising the Eureka Project located in the Republic of Argentina ("Eureka Project") to Ajax Resources Plc ("Ajax") (LSE: AJAX), (the "SPA") announces that the Company has agreed with Ajax to extend the Long Stop Date under the SPA to 21 May 2025. The reason for this is that it is intended that the completion of the SPA will take place one day after the cancellation of Ajax's listing on the Official List and trading on the Main Market which is expected to occur on 20 May 2025. All other terms of the SPA remain unchanged.

For further information, please contact:

or visit http://www.bezantresources.com

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310).

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.