• No undisclosed information that could explain recent trading
• Factors include easing geopolitical tensions, strong sentiment for uranium sector
• CEO recently visited Uzbekistan uranium company under existing MOU

Cauldron Energy Limited (CXU) has responded to an ASX price query regarding a change in the price of its shares from a low of $0.021 on March 30, 2026 to an intra-day high of $0.039 on April 1, 2026. The company states that it is not aware of any undisclosed information that could explain the recent trading in its securities. CXU considers that a number of factors, individually or in aggregate, may explain the price movement, including the easing of prior geopolitical tensions involving Iran and the heightened global focus on energy security and the transition away from fossil fuels, which has strengthened sentiment toward the uranium sector. The company notes that similar increases in uranium-related equities have been observed globally, and that market commentary suggests exchange traded funds may have been rebalancing portfolios and increasing exposure to uranium equities. CXU also highlights that its CEO recently visited Uzbekistan's national uranium company, Navoiyuran, following the previously announced non-binding MOU, as part of the company's ongoing efforts to strengthen its technical and strategic capabilities in the uranium sector. The company confirms that it is complying with its continuous disclosure obligations.