• No new exploration licences to be issued until after Guinea's Presidential election in December 2025
• DMC retains valid reconnaissance licences and pending exploration licence applications
• Project vendors agree to 12-month extension of acquisition terms to secure DMC's exclusive rights

DMC Mining Limited ('DMC' or the 'Company') has received formal communication indicating that no new exploration licences will be issued in Guinea until after the conclusion of the country's Presidential election, scheduled for 28 December 2025. This guidance reflects the current political transition occurring in Guinea, with a national referendum held in September 2025 to adopt a new Constitution and pave the way for the upcoming election. As part of this transition, the Ministry of Mines has paused the issuance of new mining titles, including exploration licences, to avoid the risk of decisions being challenged or politicised during the electoral process. DMC respects the institutional process and recognises the importance of political stability and transparency in the administration of mining licences. The company retains valid and active reconnaissance licences covering both the Firawa and Labé project areas, and also holds legally submitted and accepted exploration licence applications over the same project areas. These applications have been acknowledged in writing by the Ministry of Mines, confirming their acceptance under the transitional arrangements introduced during the CPDM (digital cadastre) rollout. Additionally, all project vendors have formally agreed to a 12-month extension of the existing binding acquisition agreements, preserving DMC's exclusive rights to acquire 100% ownership of the Firawa and Labé projects. This extension reflects the shared understanding between DMC and its counterparties of the broader political and administrative delays impacting the Guinean mining sector.