• Ardea closed its Shareholder Purchase Plan (SPP) on 30 March 2026
• The SPP raised $340,000 from eligible shareholders at 60 cents per share
• This follows a $5 million placement announced on 3 March 2026

Ardea Resources Limited ('Ardea' or the 'Company') has advised that the Shareholder Purchase Plan ('SPP') was closed on 30 March 2026. The Company received valid applications from eligible shareholders for 566,667 new shares, raising $340,000 with shares to be issued at a price of 60 cents per share. This follows a $5 million placement announced on 3 March 2026. Ardea notes that global equity markets continue to experience heightened volatility, driven in part by the ongoing conflict involving Iran and broader geopolitical tensions in the Middle East. Despite this backdrop, the Company remains focused on executing its strategy and is encouraged by the continued support demonstrated by shareholders through the SPP. All eligible Ardea Directors, Mathew Longworth, Maree Arnason and Andrew Penkethman participated in the SPP. As a result, 566,667 new fully paid ordinary shares in Ardea will be issued to shareholders on 7 April 2026 with the new shares to begin trading on the same day.