REG - Cloudbreak Discovery - Cloudbreak completes acquisition of WA Gold Assets

Cloudbreak DiscoveryAnnouncement

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RNS Number : 6732P  Cloudbreak Discovery PLC  21 January 2026

21 January 2026

Cloudbreak Discovery Plc

('Cloudbreak', or 'the Company')

 

Cloudbreak completes acquisition of WA Gold Assets

 

Cloudbreak Discovery plc, (LSE:CDL) is pleased to provide an update in respect
of the three options  and sale and purchase agreements in Western Australia
announced during 2025.

 

·     Darlot West Gold Project (announced 22nd September 2025) - First
Option Agreement

·     Darlot West Expansion (announced 24th November 2025) - Second
Option Agreement

·     Crofton Gold Project (announced 9th December 2025) - Third Option
Agreement

 

The Company is now issuing the required ordinary shares ("New Ordinary
Shares") to conclude these acquisitions, resulting in Cloudbreak owning these
very exciting gold assets in a top-tier gold jurisdiction.

 

Cloudbreak Managing Director, Tom Evans, said:

 

"We are extremely delighted that we can now conclude the acquisition of these
tenements that have provided the Company with such outstanding gold results in
the past months and we look forward to reporting many more. The work we have
already undertaken on the ground has provided us with enormous optimism for
the overall prospectivity of these tenements for gold and we rate their
potential for meaningful and commercial discoveries in 2026 as very high. The
Darlot area has already provided us with immediate step-up drill targets and
now that we will own these tenements outright, we aim to have drill rigs
turning this quarter. The closure of these transactions gives the board of
Cloudbreak a lot of confidence that we can start delivering real value for
shareholders, especially with the gold price environment we find ourselves in
at the moment."

 

"The newly issued shares represent an increase of just 8.33% of our current
issued share capital"

 

Admission and Total Voting Rights

 

In aggregate, the Company will issue 117 million New Ordinary Shares in
satisfaction of the consideration payable under the First Option Agreement,
Second Option Agreement, and Third Option Agreement.

 

Application will be made to the London Stock Exchange for the New Ordinary
Shares, to be admitted to trading on the LSE ("Admission"). Admission is
expected to become effective on or around 26 January 2026.

 

The New Ordinary Shares will be issued fully paid and will rank pari passu in
all respects with the Company's existing ordinary shares. Following Admission,
the Company's issued share capital will comprise 1,520,690,759 ordinary
shares, each carrying one voting right. The Company does not hold any shares
in treasury.

 

Accordingly, the total number of voting rights in the Company will be
1,520,690,759, which shareholders may use as the denominator for the purposes
of calculating their interests under the FCA's Disclosure Guidance and
Transparency Rules.

 

 

 

 

 

 

For Further Information, please contact:

 

 Cloudbreak Discovery PLC  Peter Huljich, Chairman                        Tel: +44 207 887 6139

                           Tom Evans, Managing Director                   Tel: +44 7851 703440
 AlbR Capital Limited      David Coffman/ Dan Harris                      Tel: +44 207 469 0930

 (Financial Adviser)
 Marex Financial           Angelo Sofocleous / Keith Swann / Matt Bailey  Tel: +44 (0) 207 655 6000

 (Broker)                                                                 Email: corporate@marex.com

 

 

About Cloudbreak Discovery PLC

 

LSE listed Cloudbreak Discovery PLC is a leading gold, precious and base
metals resource explorer. Cloudbreak is focused on mineral exploration in
Western Australia with the aim of bringing near-term cashflow and driving
shareholder value. Through its wholly owned subsidiaries, the Company
will develop its array of mineral assets, whilst continuing to generate new
projects with a particular focus on commodities with high intrinsic value.
Cloudbreak's generative model across the mineral sector enables a multi-asset
approach to investing in the commodity cycle.

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