• Court orders De Grey to convene shareholder meeting to vote on scheme
• Independent Expert concludes scheme is fair and reasonable
• De Grey Directors unanimously recommend shareholders vote in favor

De Grey Mining Ltd (ASX:DEG) has provided an update on the proposed acquisition of 100% of the company's shares by Northern Star Resources Ltd (ASX:NST) via a Court-approved scheme of arrangement. The Federal Court of Australia has made orders for De Grey to convene a meeting of its shareholders to consider and vote on the scheme resolution. The Court has also approved the distribution of an explanatory scheme booklet to shareholders, which will include the Independent Expert's report concluding that the scheme is fair and reasonable and in the best interests of De Grey shareholders, in the absence of a superior proposal. The De Grey Directors continue to unanimously recommend that shareholders vote in favor of the scheme resolution, subject to no superior proposal emerging and the Independent Expert maintaining its conclusion. The scheme booklet will be released and dispatched to shareholders in the coming weeks, with the scheme meeting scheduled for 16 April 2025.