Strategic Acquisition of Xanadu Project Expands Ashburton

• Acquisition of Xanadu Gold Project (142.4km2) contiguous and along strike to Ashburton Gold Project
• Grant of new exploration licence (28.3km2) on eastern boundary of Ashburton Gold Project
• Opportunity to discover further gold resources and expand Ashburton's resource base and potential life-of-mine

Kalamazoo Resources Limited (ASX: KZR) has acquired nine highly prospective exploration tenements ('Xanadu Gold Project') from Platina Resources Limited (ASX: PGM) that are contiguous with, and along strike of, Kalamazoo's 100% owned 1.44Moz Ashburton Gold Project ('AGP') in Western Australia. Kalamazoo has also been granted a new exploration licence, E52/4379 (28.3km2), which is located on the eastern margin of the Ashburton Gold Project. These 10 newly acquired tenements increase the Ashburton Gold Project area by 170.7km2 to a combined total of 380.2km2. The Xanadu Gold Project contains widespread gold mineralisation including 'Carlin-style' gold prospects and gold associated with disseminated pyrite and silicification that have similarities with mineralisation observed at the nearby Ashburton Gold Project. Kalamazoo's immediate focus includes finalising the Ashburton Gold Project Scoping Study in Q4 2025, advancing 'brownfields' resource growth drilling and new resource optimisations, and advancing 'greenfields' exploration targeting and drill program planning. This growth strategy is designed to support the Ashburton Gold Project towards development whilst fully capturing the upside of one of Australia's most promising gold projects in a record high gold price environment.

Kalamazoo's regional growth initiative is designed to increase existing resources as well as define new resources that demonstrate the potential of the greater Ashburton Project area to host a major gold camp. This growth strategy is expected to support the Ashburton Gold Project towards development whilst fully capturing the upside of one of Australia's most promising gold projects in a record high gold price environment.