30 September 2025

Oracle Power PLC

 ("Oracle" or the "Company")

Mining and Co-Operation Agreement with Mega Resources

Northern Zone Gold Project

MEGA Resources will fully-fund the operations with Project Owners to receive 50% of the profit

Oracle Power PLC (AIM:ORCP), an international project developer, is pleased to announce that Oracle (through its Australian subsidiary) and Riversgold Limited ("Riversgold")  have agreed a binding Right to Mine and Co-Operation Agreement with MEGA Resources Pty Limited ("MEGA Resources") and Bain Global Resources Pty Limited ("BGR Pty") for the right to mine (the "MEGA Resources Agreement") with respect to the Northern Zone Gold Project ("Northern Zone") located 25km east-south-east of the Kalgoorlie Super Pit in Western Australia. Figure 1.

Highlights:

·    The Northern Zone is owned 80% by ASX listed Riversgold and 20% by Oracle ("Project Owners") as set out in the Earn-in Agreement between the Project Owners in May 2023, with the JV agreement to be documented by 31 December 2025 latest.

·    Riversgold has signed on the Project Owners behalf, a Right to Mine and Co-Operation Agreement with established WA Goldfields mining services provider MEGA Resources   for full project funding, mining, and haulage services at its Northern Zone.

·    MEGA Resources is a full-service mining contractor that will now be providing all of the funding for the operation, through BGR Pty; MEGA Resources will also provide geological and engineering services and manage project approvals.

·    Mega Resources has a partnership with mining giant BGR Mining & Infra Limited, which owns BGR Pty, and which will provide funding for mining operations at the Northern Zone.

·    No upfront funding is required from the Project Owners.

·    MEGA Resources and BGR will share profits equally (50/50) from operations with the Project Owners.

·    10% of monthly profits (funded on a 50/50 basis) will be reinvested back into grade control and step out drilling.

·    MEGA Resources is aiming to break ground during the first quarter of 2026, subject to the Project Owners gaining all the final tenement permissions, mining approvals and the signing of a binding Ore Purchase Agreement with a third-party processing mill.

·    The Northern Zone drilling has already identified a gold mineralised porphyry around 600m wide and around 500m deep from diamond drilling^[1].

·    New Northern Zone drilling programmes are being planned to test extensions of known gold mineralisation.

Under the MEGA Resources Agreement, MEGA Resources and BGR Pty will pay for 100% of the costs to develop and mine at the Northern Zone, including paying for all ancillary activities (which incorporates haulage of material to the point of sale, maintenance of haul roads and processing costs).

In return for MEGA Resources paying for all of the upfront costs at Northern Zone, any profit generated from this partnership will be split 50%/50% with the Project Owners.

In May 2023, Oracle and Riversgold signed an earn-in agreement with and Riversgold immediately embarked on a drilling program with first results announced in August 2023. In February 2025, Riversgold exercised its option to acquire an 80% interest in the Northern Zone with Oracle retaining the remaining 20%. Oracle's holding will remain unchanged with the MEGA Resources Agreement.

Naheed Memon, CEO of Oracle, commented:

"This is an outstanding deal for Oracle as it accelerates the mining of prospective gold deposits and removes the funding requirements on Oracle whilst providing a share of potential profits at our Northern Zone Kalgoorlie Gold Project. MEGA are aiming to have their mining team on site early next year. Further details of the partnership's plans will be made available to shareholders closer to breaking ground. We plan to continue our drilling efforts on the shallower gold mineralisation and expand on the gold zones already identified. Oracle is highly optimistic for the long-term future of this project."

About MEGA Resources

MEGA Resources is a Western Australian-based mining company, see https://megaresources.com.au/. MEGA stands for Mining, Engineering and Geology across Australia, representing the collective expertise and industry experience of the company. MEGA is focused on the development of its own mining projects, supported by an in-house mining service team. In addition to internal projects, MEGA works with selected companies to provide mining expertise and technical knowledge, in addition to funding solutions through its partnership with mining giant BGR Mining & Infra Limited. MEGA supports companies such as Riversgold in monetising their projects and achieving long-term success. MEGA is committed to delivering value through a combination of hands-on mining experience and strategic partnerships that create meaningful, sustainable outcomes for all stakeholders.

About BGR Mining and Infra Limited ("BGR")

BGR is headquartered in Hyderabad, India and was founded in 1988 as an engineering contractor (see https://www.bgrmining.com). Today, BGR is one of India's largest and most respected private mining companies, having a net worth of half a billion AUD, with an order book exceeding AUD 16 billion and contracts extending for the next 25 years. BGR has consolidated its services as one of the leading mining developers and operators (MDO) in India. BGR integrates design, planning and modern operation technologies for safer and more productive mines. Having achieved steady growth over the years since its inception, BGR is focussing on the global stage to deliver mission-critical projects in a timely manner.

About Northern Zone Gold Project

Northern Zone is hosted within a porphyry unit (tonalite- trondhjemite Intrusion, "TTI"), with high background gold and horizontal gold mineralised units within the TTI unit. The project sits within the Canon Shear or fault zone, with further drilling required to define the limits of mineralisation identified to date. The horizontal mineralisation makes drilling to date perpendicular to the gold mineralisation, and no water in drilling to a depth of 60 metres makes the TTI also suitable for drilling the techniques Riversgold has utilised to date.

Metallurgical test work using cyanide bottle roll has closely replicated the original 2023 work previously reported, when Riversgold completed due diligence on the project. The results between 90.64% and 94.7% for five samples, average 92.56% gold recovery^[2]

A select sample of the many drill results reported to date are listed below:^[3][4]

The geological model, and previously announced Exploration Target at the Northern Zone Gold Project remains valid, with a range of 200Mt - 250Mt at a grade of 0.4 g/t Au - 0.6 g/t Au for an Exploration Target of 2.5Moz - 4.8Moz of gold.^[5]

For further information on Oracle, visit the Company's website at http://www.oraclepower.co.uk or contact:

Oracle Power PLC

Naheed Memon - CEO                                                                                  +44 (0) 203 580 4314

Strand Hanson Limited (Nominated Adviser & Broker)

Rory Murphy, Matthew Chandler, Rob Patrick                                    +44 (0) 20 7409 3494

St Brides Partners Limited (Financial PR)

Susie Geliher, Isabel De Salis                                                                       +44 (0) 20 7236 1177

This announcement contains inside information for the purposes of Article 7 of EU Regulation No. 596/2014, which forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.

Competent Person's Statement

The information in this announcement that relates to exploration results, exploration targets, mineral resources or ore reserves is based on information compiled by Mr Edward Mead, who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Mead is a director of Riversgold Limited and a consultant to the Company through Doraleda Pty Ltd. Mr Mead has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the `Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves' (the JORC Code). Mr Mead consents to the inclusion of this information in the form and context in which it appears in this announcement.

Figure 1: Location of Northern Zone Gold Project in relation to the Kalgoorlie "Super Pit".

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