• Court orders convening of shareholder and optionholder meetings to vote on proposed acquisition by Montage Gold
• Scheme Booklet expected to be registered with ASIC on 6 March 2026 and dispatched to securityholders
• Independent African Gold Directors unanimously recommend voting in favor of the Schemes

African Gold Ltd (ASX:A1G) has announced that the Supreme Court of Western Australia has made orders for the convening of a meeting of African Gold shareholders and a separate meeting of African Gold optionholders to consider and vote on the proposed scheme of arrangement under which Montage Gold Corp. (TSX:MAU) will acquire 100% of the shares of African Gold. The Scheme Booklet, including the Independent Expert's Report, is expected to be registered with the Australian Securities and Investments Commission (ASIC) on 6 March 2026 and will then be released to ASX and made available on African Gold's website. The Scheme Booklet will be dispatched to eligible African Gold securityholders on or around 12 March 2026. The Scheme Meetings are scheduled to be held on 13 April 2026, with the Share Scheme Meeting at 10.30am (AWST) followed by the Option Scheme Meeting at the later of 11am (AWST) and the conclusion of the Share Scheme Meeting. The Independent African Gold Directors believe that the Schemes are in the best interests of African Gold securityholders and unanimously recommend that, in the absence of a superior proposal, securityholders vote in favor of the Schemes, subject to the Independent Expert continuing to conclude that the Schemes are in the best interests of African Gold shareholders and optionholders.