• Exploration Target defined for Sandstone (Bellchambers) Gold Project
• CSIRO hyperspectral study identifies new unexplored anomalous areas
• JORC 2012 Exploration Target defined for Youanmi Base Metals - Pincher Well Zinc-Indium Project

Venus Metals Corporation Limited's (Venus or VMC or the Company) activities during the quarter ending 31 March 2026 include progress at the Sandstone (Bellchambers) Gold Project, where an Exploration Target of 800,000 to 950,000 tonnes @ 1.75 to 2.00 g/t Au for 45,000 to 60,000 ounces Au has been defined below the existing Global Resource and to the north of the current Indicated/Inferred Mineral Resource. Further drilling is planned to convert this Exploration Target to an Inferred Mineral Resource. Mining development and closure proposal work, along with a Pre-Feasibility Study, are also in progress. A detailed mineralogical and hyperspectral study undertaken with CSIRO has identified new unexplored anomalous areas that will be ground-truthed. At the Youanmi Base Metals - Pincher Well Zinc-Indium Project, a JORC 2012 compliant Exploration Target of 8 to 12 million tonnes at 1.80 to 2.20 % Zinc and 7 to 9 g/t Indium has been defined. Planned exploration activities include RC drilling to test the validity of this Exploration Target. The company also provided updates on its other projects, including the Bridgetown-Greenbushes JV with IGO and surface sampling programs at the Henderson Gold and Youanmi Base Metals Projects.