THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

19 January 2026

Great Southern Copper plc

("GSC" or the "Company")

Exercise of Warrants and Conversion of Loan Note

Great Southern Copper plc (LSE: GSCU), the company focused on copper-gold-silver exploration in Chile, announces that warrant holders have exercised their right to subscribe for 8,333,335 new ordinary shares of 1p each in capital of the Company ("Ordinary Shares") at an exercise price of 2.4p per share for gross proceeds of £200,000.

In addition, the Company announces that it will issue 18,000,000 new Ordinary Shares of 1p each to convert the loan agreement announced on 5 March 2025. The loan note is fully drawn and convertible at 2.90p per ordinary share and is held by the largest shareholder Foreign Dimensions PTY Limited.

Admission to Trading and Total Voting Rights

Application for admission has been made and the admission of these 26,333,335 new Ordinary Shares to trading on the Main Market of the London Stock Exchange plc, which is expected to become effective on or around 8.00am on 26 January 2026 ("Admission").

Following Admission, the total number of issued shares and the total number of voting rights in the Company will be 716,251,283. This figure should be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Enquiries:

About Great Southern Copper

Great Southern Copper PLC is a UK-listed mineral exploration company focused on the discovery of copper-gold-silver deposits in Chile. The Company has the option to acquire mining rights to 100% of Especularita project in the under-explored coastal belt of Chile that is prospective for large scale copper-gold-silver deposits. Chile is a globally significant mining jurisdiction being the world's largest producer and exporter of copper.

The Especularita Project is located in the coastal metallogenic belt of Chile which hosts significant copper mines and deposits, including Teck's Carmen de Andacollo copper mine, and boasts excellent access to infrastructure such as roads, power and ports. Significant historical small-scale and artisanal workings for both copper and gold are readily evident in the exploration project area. The coastal belt offers deposit type optionality for copper including porphyry and IOCG style deposits as well as newly recognised intrusive-related copper and gold deposits.

Great Southern Copper is strategically positioned to support the global market for copper - a critical battery metal in the clean energy transition around the world. The Company is actively engaged in exploration and evaluation work programmes targeting both large tonnage, low to medium grade Cu-Au as well as high-grade Cu-Ag-Au deposits.

Further information on the Company is available on the Company's website: https://gscplc.com.