Penikat Area 6, Exploration Permit and Enforcement Granted

• Finnish mining authority grants Exploration Permit and Enforcement Order for Area 6
• Permit allows for 5,000m of drilling between 1 August and 31 March
• Company targets commencement of drilling in January 2027

Kingsrose Mining Limited has announced that the Finnish mining authority, Tukes, has granted the Exploration Permit and Enforcement Order for Area 6 at the Penikat Project. This decision marks a significant milestone for the company's exploration activities in Finland. The granted Exploration Permit allows for 5,000 meters of drilling between August 1 and March 31 over successive years. The Enforcement Order permits 3,000 meters of drilling each year with specific buffer distances from Natura 2000 areas. The company plans to commence drilling in January 2027, pending any appeals against the Exploration Permit or Enforcement Order.

Kingsrose Mining anticipates commencing drilling in Area 6 of the Penikat Project in January 2027, pending the resolution of any appeals against the granted Exploration Permit or Enforcement Order.