REG-Richmond Hill Resources Plc: Update on Martello Gold Project

Richmond Hill ResourcesAnnouncement

05/01/2026 07:02

5 January 2026

Richmond Hill Resources Plc

(“Richmond Hill” or the “Company”)

Update on Martello Gold Project

Richmond Hill Resources (AIM:RHR) announces that Critical Discoveries Ltd has
been engaged to lead the technical work, including historic data compilation,
target generation, and drill-programme planning on the Martello Gold Project
in Ontario, Canada.

Services to be supplied include:
*                                                   Researching all available
data (geological mapping, geochemical results, drill logs, and geophysical
surveys) and convert to modern formats suitable for integration and future
exploration planning.                                              
*                                                   Producing maps and figures
summarising key exploration results and property highlights.                  
                           
*                                                   Analysing historical data
and geophysical/geochemical trends to identify priority drill targets.        
                                     
*                                                   Providing a preliminary
drill targeting plan for the maiden drill programme and for future drill
programmes with recommended collar locations and rationale for each target.
The desktop work is scheduled to be completed by 31 January 2026.

As announced on 18 December 2025, the Company has entered into an indicative
term sheet on which the Company can acquire a 100% commercial and beneficial
interest in the Martello Gold Project (“Proposed Transaction”). There can
be no certainty that a sale and purchase agreement will be entered into or
that the Proposed Transaction will proceed as currently envisaged.

Hamish Harris, CEO of Richmond Hill commented “The Board is pleased to
commence work on the Martello Gold Project. It is pleasing that external
consultants are able to progress the project on such an expedited basis.With
external consultants now appointed on both Martello and the Saint Sophie
Copper Project, there has been significant progress in a short period of time
since admission and 2026 is set to be an active year for the Company.”

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation and the Directors of the Company are responsible for
the release of this announcement.

 Richmond Hill Resources                                             Tel: +44 (0) 7879 58 4153  
   Hamish Harris                                                                                
 Cairn Financial Advisers LLP (Nominated Adviser)                    Tel: +44 (0) 20 7213 0880  
   Ludovico Lazzaretti / James Western                                                          
 Clear Capital Limited (Broker)                                      Tel: +44 (0) 20 3869 6080  
   Bob Roberts                                                                                  
                                                                                                

Further information on the Company can be found on its website at
www.richmondhillresources.com

Caution regarding forward looking statements

 Certain statements in this announcement, are, or may be deemed to be,
forward looking statements. Forward looking statements are identified by
their use of terms and phrases such as ''believe'', ''could'', "should"
''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'',
"expect", ''will'' or the negative of those, variations or comparable
expressions, including references to assumptions. These forward looking
statements are not based on historical facts but rather on the Directors'
current expectations and assumptions regarding the Company's future growth,
results of operations, performance, future capital and other expenditures
(including the amount, nature and sources of funding thereof), competitive
advantages, business prospects and opportunities. Such forward looking
statements reflect the Directors' current beliefs and assumptions and are
based on information currently available to the Directors.



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