REG - East Star Resources - Exercise of Warrants

East Star ResourcesAnnouncement

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RNS Number : 1399N  East Star Resources PLC  30 December 2025

30 December 2025

East Star Resources Plc

("East Star" or the "Company")

Exercise of Warrants

East Star Resources Plc (LSE: EST), the Kazakhstan-focused gold and base
metals explorer, is pleased to announce that it has received warrant exercise
notices to subscribe for a total of 25,590,545 new ordinary shares of £0.01
each in the Company ("Ordinary Shares") (the "Warrant Shares").

A total of 25,590,545 Warrant Shares have been exercised at a price of £0.03
pence per Ordinary Share resulting in total gross proceeds to the Company of
£767,716.

Admission

Application has been made for the Warrant Shares to be admitted to the
standard segment of the Official List and to trading on the main market for
listed securities of the London Stock Exchange, and admission of the Warrant
Shares is expected to occur on or around 6 January 2026 ("Admission"). The
Warrant Shares will rank pari passu with the existing Ordinary Shares.

For the purpose of the Disclosure and Transparency Rules, following Admission
the enlarged issued share capital of the Company will comprise 475,175,080
Ordinary Shares. The Company does not hold any shares in treasury. The above
figure may be used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their interest in, or
a change to their interest in, the Company, under the Disclosure and
Transparency Rules.

Contacts:

East Star Resources Plc

Alex Walker, Chief Executive Officer

Tel: +44 (0)20 7390 0234 (via Vigo Consulting)

 

SI Capital (Corporate Broker)

Nick Emerson

Tel: +44 (0)1483 413 500

 

Vigo Consulting (Investor Relations)

Ben Simons / Peter Jacob

Tel: +44 (0)20 7390 0234

 

About East Star Resources Plc

 

East Star Resources is focused on the discovery and development of copper and
gold in Kazakhstan. The Company is pursuing multiple exploration strategies
including:

 

 ·         A joint venture with Hong Kong Xinhai Mining Services Limited to take the
           Verkhuba Deposit (20.3Mt @ 1.16% copper, 1.54% zinc and 0.27% lead) into
           production (at no further cost to East Star) with East Star retaining 30%
           ownership in production
 ·         A second VMS Exploration Target with up to 23Mt @ 2.4% copper equivalent in
           the same region, with numerous other targets being advanced to drill-ready
           status
 ·         A $25 million+ strategic gold exploration joint venture with Endeavour Mining
 ·         Tier 1 potential copper porphyry targets and epithermal gold targets in a
           proven copper porphyry and epithermal belt

 

Visit our website:

www.eaststarplc.com (http://www.eaststarplc.com)

 

Follow us on social media:

LinkedIn: https://www.linkedin.com/company/east-star-resources/
(https://www.linkedin.com/company/east-star-resources/)

 

X: https://twitter.com/EastStar_PLC (https://twitter.com/EastStar_PLC)

 

Subscribe to our email alert service to be notified whenever East Star
releases news:

 

www.eaststarplc.com/newsalerts (http://www.eaststarplc.com/newsalerts)

 

The person who arranged for the release of this announcement was Alex Walker,
CEO of the Company.

 

This announcement contains inside information for the purposes of Article 7 of
Regulation 2014/596/EU which is part of domestic UK law pursuant to the Market
Abuse (Amendment) (EU Exit) Regulations (SI 2019/310) ("UK MAR"). Upon the
publication of this announcement, this inside information (as defined in UK
MAR) is now considered to be in the public domain.

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