This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

1 May 2025

Nativo Resources Plc

("Nativo" or the "Company")

Appointment of Executive Chairman

Nativo Resources plc (LON:NTVO), which has interests in gold mines in Peru, is pleased to announce Christian Yates, Non-Executive Chairman, will transition to the role of Executive Chairman with immediate effect.

The Board intends to bring on an additional new non-executive director in due course.

Christian Yates, Executive Chairman of Nativo, commented:

"Nativo's near-term objectives are to advance our tailings reprocessing opportunities to recover gold and silver, resume primary gold mining, restructure the long-term debt, and put the Company in a stronger financial position. We have a foothold in Peru with two gold mines secured, one tailings project optioned, a series of further tailings projects identified, and highly favourable commodity prices. I am pleased to commit more time to Nativo in an executive leadership capacity alongside our CEO to help deliver on our plans."

For further information please contact:

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 ("Boku"), 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 March 2025, Nativo acquired directly a 100% interest in the Morrocota Gold Mine, proximal to the Tesoro Gold Concession.

Longer-term, the Company plans to establish its own gold ore processing plant to retain a higher margin from production at its mines.

In March 2025, Boku also secured an option agreement to evaluate the opportunity to recover and sell gold and silver from the Toma La Mano tailings dump in the Ancash region and redeposit the tailings in line with legislation. The Company is investigating other similar regional tailings opportunities.

Follow us on social media:

LinkedIn: https://uk.linkedin.com/company/nativoresources-plc

X: https://x.com/nativoresources