30 January 2025

Nativo Resources Plc

("Nativo" or the "Company")

Issue of Equity and Total Voting Rights

Nativo Resources plc (LON:NTVO), which has interests in gold mines in Peru, announces it has issued shares to certain creditors in lieu of cash payments in a bid to continue to preserve cash resources as the Company seeks to deliver its growth strategy while improving its balance sheet.

Accordingly, 473,684,210 new ordinary shares of 0.0001 pence each ("Ordinary Shares") have been issued in lieu of cash for services provided at a price of 0.0019 pence per new Ordinary Share, being the closing mid-market price of the Company's stock on 29 January 2025 (the "Creditor Shares").

Application has been made to the London Stock Exchange for the Creditor Shares to be admitted to trading on AIM ("Admission") and it is expected that such Admission shall take place on or around 8.00 a.m. on 5 February 2025.

In accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of the Creditor Shares, its issued Ordinary Share capital will comprise 74,935,895,896 Ordinary shares. All of the Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in Treasury. The total number of voting rights in the Company will therefore be 74,935,895,896. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or a change to their interest in, the Company.

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About Nativo Resources plc

Nativo has interests in gold mining and exploration projects in Peru. Through a 50:50 joint venture established in July 2024 with an experienced local partner, Nativo secured an opportunity to scale operations at the Tesoro Gold Concession, owning 50% of the production and resources. Production and sales of ore to a local gold ore processing plant began in late December 2024.

In December 2024, Nativo also agreed to acquire directly a 100% interest in the Morrocota Gold Mine, proximal to the Tesoro Gold Concession. Production from Morrocota is anticipated to commence by the end of Q2 2025. Longer-term, the Company plans to establish its own gold ore processing plant to retain a higher margin from production at its mines.

In addition to primary gold mining projects, the Company also holds the Ana Lucia Polymetallic concession, and is investigating low capex strategies to appraise and exploit tailings deposits to recover gold.

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