• Transformational Scheme of Arrangement with Montage Gold Corp agreed
• Drilling at Blaffo Guetto returned high-grade gold intersections
• Metallurgical test work confirmed non-refractory ore suitable for conventional CIL processing

During the December 2025 quarter, African Gold advanced both exploration and corporate milestones, validating the quality and scale of its Côte d'Ivoire gold assets in advance of the proposed acquisition by Montage Gold Corp via a Scheme of Arrangement. The transaction provides African Gold shareholders with ongoing exposure to a larger, well-capitalised Côte d'Ivoire-focused gold development company through their shareholding in Montage. At the Didievi Project, drilling at Blaffo Guetto returned high-grade gold intersections extending mineralisation beyond the current Mineral Resource Estimate, reinforcing scale and continuity. Metallurgical test work confirmed the orebody is non-refractory and suitable for conventional CIL processing, materially de-risking potential development. In parallel, ongoing auger drilling at Konahiri is advancing multiple priority gold-in-soil targets, building a strong pipeline of follow-up opportunities. The Company's cash position was also strengthened during the quarter following the sale of Montage Gold shares and the exercise of options.