• Federal Court approves convening of Scheme Meeting for De Grey shareholders
• Independent Expert concludes Scheme is fair and reasonable and in best interests of shareholders
• De Grey Directors unanimously recommend shareholders vote in favour of Scheme

De Grey Mining Ltd (ASX:DEG) has provided an update on the proposed acquisition of 100% of its shares by Northern Star Resources Ltd (ASX:NST) via a Court-approved scheme of arrangement. The Federal Court of Australia has made orders approving the convening of a meeting of De Grey's ordinary shareholders ('Scheme Meeting') to consider and vote on the Scheme. The Court has also approved the distribution of an explanatory statement ('Scheme Booklet') to De Grey shareholders, which will include the Independent Expert's report. The Independent Expert has concluded that the Scheme is fair and reasonable and therefore is in the best interests of De Grey shareholders, in the absence of a superior proposal. The De Grey Directors continue to unanimously recommend that De Grey shareholders vote in favour of the Scheme Resolution, subject to no superior proposal emerging and the Independent Expert continuing to conclude the Scheme is in the best interests of shareholders. The Scheme Booklet will be dispatched to shareholders on or around 17 March 2025, and the Scheme Meeting is scheduled for 16 April 2025.