Appointment of Managing Director

• Luke Cox appointed as Managing Director, effective 24 October 2025
• Cox has successfully led the Company's exploration and development programmes as CEO
• Appointment reflects Board's confidence in Cox's leadership and ability to execute Caprice's growth strategy

Caprice Resources Ltd (ASX: CRS) has announced the appointment of Mr. Luke Cox, the Company's current Chief Executive Officer, to the Board as Managing Director, effective 24 October 2025. This appointment reflects the Board's confidence in Mr. Cox's leadership, performance, and execution of the Company's strategic focus on advancing Caprice's growth across the Murchison Goldfields, particularly the Island Gold Project, where ongoing exploration and development activities continue to deliver exceptional results. Mr. Cox has served as Chief Executive Officer since July 2024, during which time he has successfully led the implementation of the Company's exploration and development programmes, strengthened operational capability, and driven renewed market engagement and investor visibility. In his expanded role as Managing Director, Mr. Cox will continue to lead the execution of Caprice's growth strategy, focusing on advancing exploration and discovery programmes across the Island Gold Project and the recently acquired Comet Gold Project, driving resource growth and expansion activities, progressing early-stage technical workstreams, and positioning Caprice as a leading Murchison-focused gold explorer and an emerging player in the West Arunta. Caprice's Chair, Rob Waugh, commented that Mr. Cox's appointment recognizes his contribution to date and ensures clear strategic continuity as the Company continues to advance its recently expanded flagship Island Gold Project in parallel with the Chobe West Arunta Project.

The Board and management team are energised by the opportunities ahead and look forward to a highly active exploration period aimed at unlocking further value across Caprice's quality portfolio of gold, base-metal and REE assets.