Issue of Shares and Cleansing Notice

Core Viewpoint - Cygnus Metals Limited has successfully completed Tranche 1 of its Placement, raising A$18.2 million through the issuance of 211,627,907 fully paid ordinary shares at A$0.086 each, while also planning further share issuance under Tranche 2, subject to shareholder approval [1][2]. Group 1: Placement Details - The total amount raised in Tranche 1 is A$18,200,000 before costs, with shares issued under ASX Listing Rules 7.1 and 7.1A [1]. - A further 1,162,790 shares are intended to be issued under Tranche 2 to Non-Executive Director Raymond Shorrocks, pending shareholder approval at a general meeting in August 2025 [2]. Group 2: Company Operations - Cygnus Metals is engaged in ongoing exploration and drilling programs at its Chibougamau Copper-Gold Project in Quebec, with assay results pending from the current drill program [3]. - The company has a diversified portfolio, including lithium assets in the James Bay district and REE and base metal projects in Western Australia, aiming to drive resource growth and develop a hub-and-spoke operation model [6]. Group 3: Compliance and Disclosure - The shares were issued without disclosure under section 708A(5) of the Corporations Act 2001, and the company has complied with relevant provisions of the Act [3][7]. - The company confirms that there is no excluded information that needs to be disclosed under section 708A(6)(e) of the Act [7].