Corporate Update

• Amended San Jorge Lithium Brine Project option agreement
• Appointed Peter Wright as Managing Director
• Outlined key terms of Mr. Wright's employment contract

Greenwing Resources Ltd (ASX:GW1) provided a corporate update, announcing that it has reached an agreement with the vendor of the San Jorge Lithium Brine Project to further amend the option agreement. The amendment defers the timing for payment of the next two instalments from November 2025 and February 2026 to a single payment on February 2027, with the Company paying an amendment fee and issuing 2,000,000 unlisted options. The Company has previously satisfied all expenditure commitments for the project, culminating in the tabling of a maiden Mineral Resource Estimate in May 2024. Additionally, the Company announced the appointment of Mr. Peter Wright, currently Executive Director and Chief Executive Officer, as the new Managing Director of the Company. Mr. Wright's revised remuneration package includes a fixed remuneration of $360,000 per annum, short-term incentives of up to 50% of fixed remuneration, and long-term incentives in the form of 8,000,000 options and 2,000,000 performance rights.