Senior Management Transition

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE                                                                                                                        17 July 2026

AMIGO RESOURCES PLC

("Amigo" or the "Company")

Senior Management Transition: Appointment of New Chief Executive Officer and Executive Director Role Change

Amigo Resources PLC (LSE: AMGO) is pleased to announce the appointment of Nathan Boom as Chief Executive Officer ("CEO") of the Company and its subsidiaries (the "Group") with effect from 17 July 2026. Mr. Boom joins the Company's executive leadership team and will report directly to the Executive Chair. Mr. Boom will not be a member of the Company's Board of Directors.

Concurrent with this appointment, Nicholas Beal will step back from his role as CEO with effect from 17 July 2026. Mr. Beal will remain a key member of the Board as an Executive Director and will continue in his existing role as Company Secretary. In this capacity, he will provide dedicated leadership and focus on the Group's corporate secretarial functions, regulatory compliance, and the continued enhancement of its corporate governance framework.

Remuneration and Incentives

In addition to a market-based salary, pursuant to the terms of his employment agreement, the Company will, as an inducement for Mr Boom to join the Group, procure the allotment and issue of 10,000,000 (ten million) fully paid ordinary shares in Amigo to Mr. Boom (or his designated nominee) as soon as reasonably practicable following his commencement.

Craig Ransley, Executive Chair of Amigo Resources PLC, commented:

"I am delighted to welcome Nathan to the executive team as our new CEO. Nathan is a standout operational leader with deep sector expertise, evidenced by his pivotal role in transforming TerraCom into a multi-mine producer and his leadership in complex transactions such as the acquisition of Blair Athol from Rio Tinto and the takeover of the large South African coal producer, Universal Coal plc. His proven commercial execution capability is exactly what the Group requires as part of our executive team as we accelerate our African roadmap.

I am also incredibly excited to now have a core leadership team that includes both Anil Kumar, our Chief Executive Officer of African Mining Operations, and Nathan. Both are world-class professionals in their respective fields and independent powerhouses in their own right. Anil is a highly accomplished mining entrepreneur whose unrivalled on-the-ground experience across African mining jurisdictions and unique technical network are instrumental in unlocking the full value of our mining assets.

Anil's exceptional track record in project de-risking and the development of complex processing infrastructure will be perfectly complemented by Nathan's sophisticated commercial strategic capabilities to create a formidable and transformative leadership structure for Amigo. This partnership provides the Group with an unparalleled depth of expertise and execution as we accelerate our transition into commercial production.

I would also like to express my gratitude to Nick Beal for his leadership as CEO during his tenure. Nick's transition to focus exclusively on his responsibilities as Executive Director and Company Secretary is a strategic move that ensures the Group retains his deep institutional knowledge and legal acumen. By having Nick dedicated to our regulatory compliance and governance functions, we ensure the Group remains on a robust footing as we enter this next phase of high-velocity growth and moving towards an RTO."

Biographical Highlights: Nathan Boom

Mr. Boom is a highly experienced finance and commercial executive with more than 20 years of experience, including over 13 years specifically within the resources and commodities sector. He joins Amigo following an 8.5-year tenure at TerraCom Limited (ASX: TER), a producer previously included in the S&P/ASX 300 Index.

During his time at TerraCom, Mr. Boom served in several senior executive capacities, including Chief Commercial Officer, and Chief Financial Officer. He played a leading role in the acquisition and recommencement of the Blair Athol coal mine and the takeover of Universal Coal plc, transactions that materially reshaped TerraCom's operating platform and market capitalization. Mr. Boom is a Chartered Accountant and holds a Bachelor of Commerce (Accounting) from the University of Wollongong.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014.  

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About Amigo Resources PLC

Amigo is a public limited company registered in England and Wales with registered number 10024479. Amigo is focussed on gold and rare earth mining opportunities in Africa, principally in Tanzania and Mauritania. The Amigo Shares are listed on the Official List of the Financial Conduct Authority and traded on the Main Market of the London Stock Exchange.

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