Meridian Mining Plc Announces Results From First United Kingdom Placing

April 27, 2026 9:34 AM EDT | Source: Meridian Mining Plc

THIS ANNOUNCEMENT IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION, OFFER OR SALE WOULD BE UNLAWFUL.

This announcement is an advertisement for the purposes of paragraph 12.1.4 of the Prospectus Rules: Admission to Trading on a Regulated Market sourcebook of the Financial Conduct Authority (the "FCA") made under section 73A of the Financial Services and Markets Act 2000, as amended (the "FSMA") and is not a prospectus nor an offer of securities for sale or subscription, nor a solicitation of an offer to acquire or subscribe for securities, in any jurisdiction, including in or into Australia, Canada, Japan or the Republic of South Africa.

Neither this announcement, nor anything contained herein, shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. Investors should not subscribe for or purchase any shares referred to in this announcement except solely on the basis of the information contained in the prospectus approved by the FCA (together with any supplementary prospectus, if relevant, the "Prospectus"), including the risk factors set out therein, published by Meridian Mining plc ("Meridian" or the "Company") in connection with the offer of ordinary shares in the Company ("Ordinary Shares") and the admission of the issued and to be issued Ordinary Shares to the Official List of the FCA in the equity shares (commercial companies) category and to trading on the Main Market for listed securities of London Stock Exchange plc (the "London Stock Exchange"). A copy of the Prospectus published by the Company is available for inspection on the Company's website at , subject to certain access restrictions.

Toronto, Ontario--(Newsfile Corp. - April 27, 2026) - Meridian Mining plc (TSX: MNO) (FSE: N2E0) (Tradegate: N2E0) (OTCQX: MRRDF) is pleased to announce that it has successfully raised gross proceeds of £22.5 million (approximately USD30.4 million / CAD41.6 million) pursuant to its non-pre-emptive placing of new Ordinary Shares announced on 27 April 2026.

Mr. Gilbert Clark, CEO, comments "We greatly appreciate the support from our existing and new shareholders who have placed the Company in a strong financial position just prior to the LSE's listing. Our messaging has never been clearer: near-term development then production from Cabaçal, expand Santa Helena Central to be the next mine, resource growth through belt-scale exploration programs; creating the next mid-tier gold and copper miner on the London Stock Exchange and the TSX. The opportunity of being the first mover into what we see as Brazil's and South America's most prospective gold and copper VMS belt is only at its naissance."

A total of 24,456,521 new Ordinary Shares ("Placing Shares") have been placed by Stifel Nicolaus Europe Limited ("Stifel"), Joh. Berenberg, Gossler & Co. KG ("Berenberg") and Peel Hunt LLP ("Peel Hunt") at a price of 92.0 pence per Placing Share (CAD1.70 per Placing Share) (the "Issue Price"). Stifel is acting as sole global coordinator and joint bookrunner in connection with the Placing. Berenberg and Peel Hunt are acting as joint bookrunners in connection with the Placing.

The Placing was significantly oversubscribed, receiving strong support from existing and new investors, allowing the Company to broaden its institutional following and market support particularly in the UK as it prepares to commence trading on the Main Market for listed securities of the London Stock Exchange.

Concurrent with the Placing, the Company is undertaking a retail offering to eligible retail investors (the "Retail Offer" and, together with the Placing, the "Fundraising") for up to £2.5 million at the Issue Price (approximately USD3.4 million / CAD 4.6 million). The Retail Offer remains open until 23:59 on 30 April 2026. The results of the Retail Offer will be announced in due course.

Admission of the Ordinary Shares to the equity shares (commercial companies) category of the Official List of the FCA and to trading on the Main Market for listed securities of the London Stock Exchange (together, "Admission"), and the commencement of dealings in the Ordinary Shares on the London Stock Exchange, is expected to occur at 8.00 a.m. on 01 May 2026 under the ticker MNO (ISIN: GB00BVPND783). There will be no conditional dealing prior to this date. Meridian's shares will be fully fungible between the London Stock Exchange and the TSX.

Immediately following Admission, the Company expects it would have a free float and liquidity that would make it eligible for inclusion in the FTSE UK Index Series, although inclusion remains subject to review by FTSE Russell.

On behalf of the Board of Directors of Meridian Mining plc

Mr. Gilbert Clark - CEO and Director

Meridian Mining plc
8th Floor, 4 More London Riverside
London SE1 2AU
United Kingdom

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