Quarterly Activities/Appendix 5B Cash Flow Report

• New project generation focus for Pearl Gull Iron Ltd
• Cash of A$1.55 million as at 30 June 2026
• Additional A$2.0 million expected in December 2026 from Cockatoo Island Project sale

Pearl Gull Iron Ltd (ASX: PLG) reported on its activities for the June 2026 quarter, emphasizing new project generation. The company held approximately A$1.55 million in cash as of June 30, 2026, with an additional A$2.0 million expected in December from the sale of its Cockatoo Island Project. The company also holds a 4% indirect equity interest in Crestlink Pty Ltd and royalties on materials from the Cockatoo Island Project tenements. The company continues to lower overhead costs to conserve cash and did not incur exploration-related expenditure for the quarter. The company's securities remain suspended from trading until it can demonstrate compliance with Listing Rule 12.1.