Renounceable Entitlement Offer Closes Oversubscribed

• Renounceable Entitlement Offer seeking to raise $1.8 million closes oversubscribed
• Significant support from existing shareholders and new investors
• Top-up placement of $331,000 to accommodate some of the excess demand

Premier1 Lithium Limited (ASX:PLC) is pleased to announce that the renounceable entitlement offer announced on 8 October 2025 has closed significantly oversubscribed and raised $1.8 million (before costs). To accommodate a portion of the excess demand, the company has agreed to undertake a placement to raise an additional $331,000 on the same terms as the Entitlement Offer (Follow-on Placement). Following completion of the Follow-on Placement, the total amount raised will be $2,171,303 (before costs). The company will issue a total of 434,260,582 new fully paid ordinary shares and 217,130,291 new options exercisable at $0.015, with expiry date of 6 November 2028. The proceeds from the Entitlement Offer, Shortfall Offer and the Follow-on Placement will be used for heritage surveys and drilling at the company's Yalgoo Project, geophysical activities, heritage surveys and drilling at the company's Abbotts North Project, and general working capital and to cover costs associated with the offers.