Exercise of Warrants

Company Overview - Vast Resources plc is a UK AIM listed mining company with operations in Romania, Tajikistan, and Zimbabwe [7] - The company focuses on advancing high-quality projects and recommencing production at previously operating mines in Romania [7] Recent Developments - The company announced the exercise of warrants for a total of 195,000,000 new ordinary shares at an exercise price of 0.4 pence per share, raising £780,000 [2] - Application has been made for the new shares to be admitted to trading on the AIM market, with admission expected around 1 May 2025 [3] Share Capital - Following the admission of the new shares, the total issued ordinary share capital will consist of 2,803,607,357 shares, with no shares held in treasury [4] Romanian Operations - Vast holds a 100% interest in Vast Baita Plai SA, which owns the producing Baita Plai Polymetallic Mine, with a total mineral resource of 15,695 tonnes copper equivalent and an exploration target of up to 5.8 million tonnes [8] - The company is also working to bring the Manaila Polymetallic Mine back into production and has received an extended exploitation license for the Manaila Carlibaba area [9][10] Tajikistan Operations - Vast has a joint venture interest in the Takob Mine processing facility, which is fully financed and will provide a 12.25% royalty on sales of non-ferrous concentrate [11] - The company is contracted to develop and manage the Aprelevka gold mines, aiming to increase production from approximately 11,600 ounces of gold and 116,000 ounces of silver per annum to historical peak levels of 27,000 ounces of gold and 250,000 ounces of silver [12]