Planned Reorganisation of the Directorate

Wildcat Gold PLC

18 June 2026

 

Wildcat Gold Plc (the "Company")

Wildcat Gold Plc: Planned Reorganisation of the Directorate

18 June 2026

Following a review of the corporate structure of Wildcat Gold plc and the opportunity to develop its business further, the Board has decided on a Planned Reorganisation of the Directorate -subject to the Company joining the Aquis Growth Market.

In order to improve Corporate Governance of the Company, the BOD has decided that when the above occurs to make the following changes:

1) It will separate the role of Chairman and Executive Director (aka CEO) currently occupied by Mandhir Singh.

In order to do this, Mandhir Singh will, on the successful transfer to the Aquis Growth Market, voluntarily resign his role as Chairman of the Company and officially take-over the role of CEO.

2) A candidate for Chairman has been identified. He has LSE/ASX experience as well as extensive banking experience. He is currently non-Executive Chairman of a listed company that takes stakes in natural resources companies, private/public. Once Wildcat has successfully listed on Aquis, we plan to welcome him aboard as Chairman.

3) Currently Mr Singh owns 57.34% of the Company shares which makes all other stakeholders minority shareholders. Since the Company is keen to protect the interest of all shareholders, Mr Singh will not buy any new shares on the open market so that once new fundraises are carried out (on admission to Aquis and subsequently), his stake-holding is likely to fall to less than 50%.

4) In order to buttress shareholder interest even more the Company will be looking to employ as well as a new Chairman, Independent Directors/ Non-Executive directors.

It is envisaged that some individuals who are currently acting as consultants will transition to executive board positions once an initial deal is done.

5) Cancellation of warrants.

The Company has decided that in the favour of corporate governance and shareholder interest, the number of warrants in issuance will be reduced significantly. The 2 main reasons being:

· If all warrants actual in issuance are exercised it will be very dilutive for shareholders.

· It will help to eventually reduce the percentage stake Mr Singh holds in the Company

To this end the 382,500,000 warrants awarded to the board on the 17/12/25 will be cancelled.

The chairman warrant incentive plan announced on the 25/3/26 which is contingent on securing the initial project, production of first kilo of gold and payment of first dividend remains intact. However, going forward all incentive award plans will be handled by an independent body to ensure shareholder protection. Any incentive plan will be linked to such variables as increase in share price, gold production, etc.

Mandhir Singh (CEO) "This relinquishment of the role of Chairman and warrants helps improve the corporate governance of the company in respect to shareholders rights and their views/concerns been listened to. Also, with less administrative work to do it will mean that I can concentrate more of my efforts in ensuring that the proposed initial gold processing plant comes in on time and budget."

Enquiries:

Wildcat Gold plc: Mandhir Singh [e-mail]

 

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