• Finnmark project: Extensive dataset from 2025 exploration campaign being compiled and interpreted, with key targets expected to be defined
• Penikat project: Refined permitting approach to facilitate drilling at the project, with drilling anticipated to commence at Area 6 in December 2026
• Business Development: New Business program investigating potential M&A project opportunities

Kingsrose Mining Limited (ASX: KRM) ('Kingsrose' or the 'Company') is pleased to provide an update on its activities for the March 2026 quarter. At the Finnmark project, work continued to compile and interpret the extensive dataset from the 2025 exploration campaign, with key targets expected to be defined to enable efforts to concentrate on designated 'camp areas' with the highest-priority exploration targets for follow-up work in 2026. Relationships with rights holders and stakeholders continue to strengthen, and the Company is progressing Process Agreements with the relevant reindeer herding districts. For the Penikat project in Finland, the Company has excised Area 6 from Area 4 and is pursuing a separate Exploration Permit Application with an Enforcement Order for this area, which is outside the Natura 2000 and Mire Protection areas. Subject to Permit approval, it is anticipated that drilling can commence at Area 6 in December 2026. The Company has also developed a refined permitting approach to facilitate drilling at the Penikat project as soon as possible. The New Business program continues to investigate potential M&A project opportunities, with detailed discussions underway with several third parties. The Company ended the quarter with a cash balance of A$19.349 million.