Half-Year Report

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.

29 September 2025

Nativo Resources Plc

("Nativo" or the "Company")

Half Year Report for the Six Months Ended 30 June 2025

Nativo Resources Plc (LON:NTVO), a gold-focused mining company with interests in Peru, presents its half year report for the six-month period ended 30 June 2025 (the "Period").

Highlights

·      Restructured the £1 million Spartan Loan, maturing in 2028, in January 2025.

·      Announced in March 2025 the signing of an option agreement for the Toma La Mano tailings project ("Toma La Mano").

·      Announced in April 2025 the completion of the Morrocota Gold Mine ("Morrocota") acquisition, located in Arequipa province, 3km from the Bonanza Gold Mine ("Bonanza").

·      Secured permits and land for a part-built gold ore processing plant 45km from Tesoro known as La Patona in April 2025.

·      Announced in May 2025 reduced capital requirements and timescales for La Patona.

·      Raised gross total proceeds of c.£544,000 via share issues during the Period.

·      Announced in May 2025 that Christian Yates had transitioned from Non-Executive to Executive Chairman.

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About Nativo Resources Plc

Nativo has interests in gold projects in Peru. The Company's strategy is based on three core activities: primary gold mining, gold ore processing, and the recovery of gold from tailings. The Company has already acquired or optioned several projects for development and has identified additional opportunities for expansion. Nativo's nearest-term objective is to scale operations on the Tesoro Gold Concession, focusing on the Bonanza and Morrocota mines. Nativo intends to allocate portions of free cash flow from mining and processing activities, and from future fund raises, to Bitcoin purchases and to hold Bitcoin as a long-term treasury reserve asset.

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Chairman and Chief Executive Officer's Statement

Nativo has now fully repositioned itself as a small-scale gold miner in areas that offer the opportunity for near term production and cash flow, and the potential to rapidly build a resource inventory. In line with this strategy, the Company rebranded as Nativo Resources Plc. Accordingly, Nativo's core strategy is as follows:

·      Achieve early cash flow from formalised artisanal mining in Peru, initially from the Bonanza and Morrocota mines at the Tesoro Gold Concession in the Nazca-Ocona gold corridor, Arequipa region of southern Peru.

·      Develop a gold ore processing plant, replacing use of third-party tolling plants, to process ore supplied by artisanal small-scale mining ("ASM") operations on a fixed margin basis in addition to Nativo's own production.

·      Secure and clean tailings deposits known to contain gold and silver.

·      Acquire other ASM gold mines with a short runway to production and where the level of indicated resource is attractive.

·      Establish relationships with local partners who have the resources and competence to execute.

·      Use cash flow from operations to boost production and scale operations.

New projects will only be considered that are either in production or pre-production, meaning that they can be brought into production within 12 months with a low initial investment, resulting in early profitability and with the potential to scale.

Significant milestones achieved over the past six months include the following:

·      Restructured the £1 million Spartan Loan, maturing in 2028, in January 2025.

·      Share consolidation to rationalise the issued share capital and bring it into line with other listed companies in February 2025.

·      Signed up the first tailings deposit of 1.8 million tonnes in March 2025 at Tomo La Mano in the Ancash region of Peru.

·      Acquired the Morrocota gold mine in April 2025, adjacent to the Bonanza gold mine - increasing gold estimates for both mines to 51,000 ounces.

·      Secured permits and land for a part-built gold ore processing plant 45km from Tesoro known as La Patona in April 2025.

·      Announced in May 2025 reduced capital requirements and timescales for La Patona.

Significant milestones announced after the Period:

·      Restructured the €10 million Eurobond in July 2025 to a 0% coupon convertible loan maturing in 2032, should no conversion take place beforehand.

·      Adopted a Digital Asset Treasury policy in July 2025 whereby free cash flow from mining and processing activities and the proceeds of any future fund raises can be allocated to Bitcoin.

·      Established a new professional team in Peru in August 2025 to oversee operations and develop the business.

·      Acquired the remaining 50% interest in Boku Resources ("Boku") in August 2025, thereby taking full control of the Company's portfolio in Peru.

·      Raised gross total proceeds of c.£790,000 via share issues after the Period, including a conditional placing and subscription to raise £400,000 due to complete on 8 October 2025.

The Board was pleased to welcome Andrew Donovan in September 2024 as an Independent Non-Executive Director. Martin Hull resigned from the Board in October 2024 and immediately following his departure, Andrew Donovan also assumed the position of Chairman of the Audit Committee. In May 2025, Christian Yates moved from Non-Executive to Executive Chairman, leaving Andrew Donovan as the sole Independent Director. Zeus Capital Limited continues as the Nominated Adviser to the Company as well as Joint Corporate Broker with Peterhouse Capital Limited.

The Board believes that Nativo, with the significant milestones achieved since the business was repositioned as a small-scale gold miner, is well positioned in Peru to deliver growth. We thank shareholders for their continued support. Finally, the Directors draw attention to the Accounting Policy notes regarding Going Concern and Estimates on page 11.

29 September 2025