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Imara Gold Plc

("Imara Gold" or the "Company")

Exclusivity Agreement on Zambia Gold-Copper Licenses

Imara Gold Plc (LSE: IGLD), the East African focused gold company, is pleased to announce that is has entered into an exclusivity agreement with Dubai-based investment group, Volts Velocity LLC FZ ("VVL"), in respect to rights over majority interests in four exploration licenses ("Licenses") located in the Republic of Zambia.

Under the terms of the exclusivity agreement, Imara Gold has been granted exclusivity ending 28 February 2026, during which period it will conduct legal, technical and financial due diligence, including site visits and preliminary exploration work on the Licenses.

Imara Gold will, upon completion of satisfactory due diligence, have the exclusive right to negotiate and agree final commercial terms in respect to either the outright acquisition of VVL's rights to acquire an 80% interest in the Licenses or form a potential exploration and mine development joint venture with VVL and the local 20% shareholders on the Licenses.

The Licenses, which extend over a combined area of approximately 253km² are considered highly prospective for gold, copper and other minerals and include two large scale exploration licenses 39658-HQ-LEL and 39656-HQ-SEL and two small scale exploration licenses 39772-HQ-SEL and 38427-HQ-SEL.

Whilst Zambia's mining sector is dominated by its copper sector, gold production in Zambia has been rising steadily and is becoming an increasingly vibrant part of the national economy and offering strong potential for growth and diversification. Zambia's rich and diverse geology continues to attract exploration and mine development companies and major investment from the international mining sector. With supportive policies, strong global gold prices and a clear commitment to responsible mining, the Board believes that Zambia's gold industry is positioned for continued positive growth and by entering into this exclusivity agreement, it provides the opportunity for the Company to start to build a presence in the sector.

Fee Shares and Total Voting Rights:

In consideration of the exclusivity agreement, the Company has agreed to issue VVL with ordinary shares to the value of GBP 50,000 at a price of 0.3 pence per share as a fee for entering into the agreement (the "Fee Shares"). The Fee Shares will be freely tradable, not subject to any trading restrictions or lock-in provisions and free of any encumbrances.

The Fee Shares, when issued, will be fully paid and will rank pari passu in all respects with the existing ordinary shares, including the right to receive all dividends and other distributions declared, made or paid after the date of issue.

Further to the announcement dated 1 August 2025 in relation to the Exclusivity Agreement with Pumba Resources Limited, the Company has also issued 16,666,667 ordinary shares ("Exclusivity Shares").

Following issuance of the Fee Shares and the Exclusivity Shares, the total number of ordinary shares with voting rights in issue in the Company will be 2,663,245,258.

The above figure may be used by shareholders 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

This agreement is considered a key part of the Company's strategy of positioning Imara Gold as one of the leading East African gold-focused mining and exploration company.

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For further information visit www.imaragoldplc.com or contact the following:

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Notes:

Imara Gold plc is an expanding East African focused gold company with a clear strategy to grow gold production and gold resources both organically and through strategic acquisitions and partnerships in East Africa.

Headquartered in Nairobi, Kenya, Imara Gold is a responsible mining and exploration company and supports the positive social and economic change that it contributes to the communities in the regions that it operates. It is a proudly East African-focused company: it buys locally, employs locally, and protects the environment and its employees and their families' health, safety and wellbeing.