• Fully underwritten 1 for 1 pro-rata renounceable entitlement offer to raise A$70.5 million
• Proceeds to be used for Central Tanami Project development
• Key shareholders committed to take up their entitlements in full

Tanami Gold NL (ASX: TAM) is pleased to announce a fully underwritten 1 for 1 pro-rata renounceable entitlement offer of new fully paid ordinary shares to raise up to approximately A$70.5 million before costs. The offer price is A$0.06 per new share. The proceeds from the entitlement offer will be used to meet the company's obligations under the 50/50 Central Tanami Project Joint Venture, including the Groundrush exploration decline, surface resource definition drilling, central camp upgrades and refurbishment, progressing the airstrip upgrade, and general working capital. Key shareholders APAC Resources Limited, Metals X Limited, and Everbright Securities Investment Services (HK) Ltd, representing an aggregate of approximately 49.2% of the company's existing shares, have indicated an intention to take up their entitlements in full. The entitlement offer is structured as a renounceable offer, allowing eligible shareholders to trade their entitlements on the ASX or by private transfer. The offer is expected to open on 18 May 2026 and close on 27 May 2026.