Publication of a Prospectus

FOR IMMEDIATE RELEASE

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, NEW ZEALAND OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU, WHICH IS PART OF UNITED KINGDOM DOMESTIC LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

This announcement is an advertisement for the purposes of the Prospectus Regulation Rules of the FCA and is not a prospectus nor an offer of securities for sale in any jurisdiction.

Neither this announcement, nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. Investors should not subscribe for or purchase any securities referred to in this announcement except solely on the basis of the information contained in the prospectus referred to in this announcement (together with any supplementary prospectus, if relevant, the "Prospectus"), including the risk factors set out therein.

Words and expressions defined in the Prospectus shall, unless the context provides otherwise, have the same meanings in this announcement.

An electronic copy of the Prospectus dated 25 February 2025 will shortly be available for inspection on the Company's website at https://panthermetals.com/investors/circulars-noticesand has been submitted to the National Storage Mechanism maintained by the FCA and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

25 February 2025

Panther Metals plc

("Panther Metals" or the "Company")

(Incorporated and registered in Isle of Man with company number 009753V)

Prospectus publication and Total Voting Rights

Panther Metals plc (LSE:PALM) the company focused on mineral exploration in Canada, announces that, further to the Company's announcement of 20 January 2025 (RNS Number: 9263T) relating to a conditional placing of 910,000 ordinary shares of no par value at a price of 50 pence per each, raising gross proceeds of £455,000 ("New Ordinary Shares"; "Ordinary Shares"), it has today published a prospectus (the "Prospectus").

Expected Timetable of Principal Events

Applications have been made to the Financial Conduct Authority ("FCA") and London Stock Exchange plc ("LSE") and it is expected that the admission of the New Ordinary Shares to listing on the equity shares (transition) category of the Official List maintained by the FCA and to trading on the main market for listed securities of the LSE will become effective on or before 8.00 a.m. on 28 February 2025 ("Admission"). The expected timetable of principal events for the Admission is set out below. All references to time in this announcement are to London time.

Accordingly, the Company hereby notifies the market, in accordance with the FCA's Disclosure Guidance and Transparency Rule 5.6.1, that on Admission, the Company's issued share capital will consist of 5,189,080 Ordinary Shares, each with one vote. There are no shares held in treasury. On Admission, the total number of voting rights in the Company will be 5,189,080 and 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

For the purposes of UK MAR, the person who arranged for the release of this announcement was Darren Hazelwood, Chief Executive Officer .

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