• Tribune Resources Ltd to undertake on-market buyback of up to 5,246,807 ordinary shares
• Buyback represents up to 10% of smallest number of shares on issue in last 12 months
• Buyback to commence on 21 May 2026 for up to 12-month period

Tribune Resources Ltd ('Tribune' or 'the Company') has announced that it will undertake an on-market buyback of up to 5,246,807 ordinary fully paid shares, representing 10% of the smallest number of shares on issue in the last 12 months. The Company intends to commence the share buyback on 21 May 2026 for up to a 12-month period. Based on the Company's closing share price of $5.29 on 5 May 2026, the buyback would equate to a return of approximately $27.8 million. The timing and actual number of shares to be purchased will be subject to market conditions. The Board considers that the share buyback will not impact the Company's current activities during the 12-month period. The Company proposes to instruct its broker Mainbreak Securities Pty Ltd to take a position in the market only where the position maximises the benefit of the share buyback to the Company. The Company advises shareholders that there can be no certainty that the Company will acquire (or seek to acquire) any or all shares under the share buyback.