Firm Commitments for $600k Capital Raising

• Firm commitments to raise $600,000 via a Placement
• Issue of 60 million shares at $0.01 per share
• One free attaching option for every two new shares subscribed

Nagambie Resources Limited (ASX: NAG) is pleased to announce that it has secured firm commitments to raise $600,000 (before costs) via a Placement. The Placement will comprise the issue of 60,000,000 fully paid ordinary shares at an issue price of $0.01 per share. For every two new shares subscribed under the Placement, one free attaching unlisted option will be issued with an exercise price of $0.018 and an expiry date two years from the allotment date. The Placement will be conducted in a single tranche under the Company's available placement capacity pursuant to ASX Listing Rules 7.1 and 7.1A. Shares issued under the Placement will rank pari passu with the existing fully paid ordinary shares in the Company. Proceeds from the Placement will be applied towards exploration, working capital requirements and the costs of the Placement. JP Equity Partners acted as Lead Manager to the Placement and will receive a fee of 6% plus GST on funds raised, and 2,800,000 options on the same terms as the Placement Options. Settlement of the Placement is anticipated on 5 December 2025.