Update on Admission of Shares

Summary by AI ^BETAClose X

Cloudbreak Discovery Plc announced an update regarding the admission of new ordinary shares to the London Stock Exchange Main Market, with 364,821,733 shares now set to be admitted on April 27th. This number is lower than previously anticipated due to only 100 million shares being issued to date for the acquisition of 90% of the Paterson Gold-Copper-Molybdenum Project, with the remainder contingent on future milestones. Additionally, only 14,121,370 shares were issued from the conversion of convertible loan notes, falling short of the expected 20 million. The company is preparing a supplementary prospectus to address these changes.

Disclaimer*

Cloudbreak Discovery PLC

24 April 2026

Cloudbreak Discovery Plc

('Cloudbreak', or 'the Company')

Update on Admission of Shares

Cloudbreak Discovery Plc (LSE: CDL), a London Stock Exchange Main Market listed company, announces that, further to the announcement of 22 April 2026 regarding the publication of a prospectus and admission of new ordinary shares ("Shares"), the number of Shares that will be admitted to trading on the Main Market of the London Stock Exchange on Monday 27 April will now be 364,821,733.

The decrease in the number of Shares being admitted is principally due to the fact that, of the 330 million Shares to be issued in connection with the acquisition of 90% of the Paterson Gold-Copper-Molybdenum Project, only 100 million Shares have been issued to date with the balance only to be issued at later dates based on the achievement of certain milestones. In addition, the number of Shares issued in connection with the conversion of outstanding convertible loan notes was 14,121,370 rather than the 20 million anticipated.

The Directors are working with their advisers to prepare a supplementary prospectus for submission to FCA, in connection with the change in the number of Shares issued and being admitted at this time.

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).

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For Further Information, please contact:

Cloudbreak Discovery PLC

Peter Huljich, Chairman

Tom Evans, Managing Director

Tel: +44 +44 207 317 0650

AlbR Capital Limited

(Financial Adviser)

David Coffman / Dan Harris

Tel: +44 207 469 0930

Marex Financial

(Broker)

Angelo Sofocleous / Matt Bailey

Tel: +44 (0) 207 655 6000

Email: corporate@marex.com

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