Management Change & PDMR Dealings

14 September 2026

Blencowe Resources plc

("Blencowe" or the "Company")

Management Change &

Historical PDMR Dealings

Blencowe Resources Plc (LSE: BRES) announces that Mike Ralston has resigned from his position as Chief Executive Officer with immediate effect.

Mr Ralston will continue to support the Company on a full-time consultancy basis until his planned retirement at the end of the year, including progressing the ongoing Phase 1 funding process and other key workstreams. This will provide continuity and support an orderly handover to a new Chief Executive Officer.

The Company also reports that it had already commenced a process to identify additional senior executive leadership and is in discussions with a number of potential candidates. The Board will now accelerate this process with a view to appointing his successor in a timely manner. Mr Ralston's CEO role was not a Board position.

In the interim, operational activities and key development workstreams will continue under the existing senior management team, led by Chief Operating Officer Iain Wearing, who already has primary responsibility for the day-to-day advancement of the Orom-Cross Graphite Project.

Cameron Pearce, Executive Chairman, commented:

"Orom-Cross continues to advance across funding, engineering, downstream development and commercial workstreams. Iain and the wider management team have been closely involved across these activities and will ensure continuity while we complete the process of appointing a new Chief Executive Officer.

Mike will continue to work with us on a full-time consultancy basis through to his planned retirement at the end of the year, supporting the Phase 1 funding process and other key workstreams. On behalf of the Board, I would like to thank Mike for his considerable contribution to Blencowe and wish him well for his retirement."

Historical PDMR Disclosure

The Company has also been notified by Mr. Ralston of the following historical PDMR share transactions. Details of these transactions are set out below.

Following these transactions. Mr. Ralston holds 4,000,000 ordinary shares, representing 0.8% of the Company's issued share capital.

**ENDS**

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