The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR.  Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Oriole Resources PLC

('Oriole Resources' or the 'Company')

BCM Completion of Bibemi Earn-in

Oriole Resources PLC (AIM: ORR), the AIM quoted gold exploration company focused on West and Central Africa, is pleased to announce that it has received the first US$300,000 tranche of funding from BCM International ('BCM') in relation to a completion agreement (the 'Completion Agreement'), as announced by the Company on 5 November 2025.

Consequently, and in accordance with the Completion Agreement, the Company can confirm that BCM has now earned a 50% beneficial interest in the Bibemi gold project and licence. The administrative work to formalise that interest, including the drafting of a joint venture agreement, is now underway.

Chief Executive Officer of Oriole Resources, Martin Rosser, said: "We would like to thank BCM for its unstinting management support and essential funding during the earn-in period, which has resulted in it reaching its 50% beneficial interest.  We look forward to continuing this strong working relationship as we advance the project under a joint venture agreement, especially the forthcoming exploitation licence negotiations with the Cameroon Government."

Further Details

In January 2024, the Company signed two Earn-In Agreements with BCM in relation to the Mbe and Bibemi projects (see Oriole's announcements dated 5 January and 19 January 2024), whereby BCM could earn a 50% interest in both projects by meeting certain commitments, including US$4 million in exploration expenditure at each project within two years, and potential resource-linked, success-based payments.

Earlier this month, with the Earn-In Agreements both nearing the end of their terms, the Company signed a Completion Agreement with BCM to formalise the outstanding exploration programmes and expenditure commitments under those Earn-In Agreements.

Under the terms of the Completion Agreement, BCM will pay the Company US$900,000 in cash in three equal monthly instalments, starting in November 2025.  The first of those payments has now been received.  BCM will also contribute US$300,000 to drilling costs at the MB01-N Drilling Programme that is now underway (see announcement dated 24 November 2025).

Once all financial commitments are received and upon completion of the MB01-N Drilling Programme, targeted for late Q1-2026, BCM will reach a 50% interest in the Mbe licence. 

Enquiries:

Glossary and Abbreviations

Notes to Editors:

Oriole Resources PLC is an AIM-quoted gold exploration company, with projects in West and Central Africa.  It is focused on early-stage exploration in Cameroon.

At its district scale Central Licence Package, the Company has identified multi-kilometre long gold anomalies including at its flagship Mbe project.  At Mbe, the Company has published a JORC Inferred MRE of 870,000oz at 1.09g/t Au for the MB01-S zone, and an Exploration Target range of 15 to 20Mt at a grade of 0.77 to 0.94g/t Au for 370,000oz to 605,000oz contained gold for the MB01-N zone. 

The Company has also reported a Resource of 460,000oz contained gold at 2.06g/t Au in the JORC Indicated and Inferred categories at its 90% owned Bibemi project, where it has applied for an exploitation licence.  BCM International is currently earning up to a 50% interest in the Bibemi and Mbe projects in return for a combined investment of US$1.5 million in signature payments, up to US$8 million in exploration expenditure, as well as JORC resource-based success payments. 

At the Senala gold project in Senegal, AGEM Senegal Exploration Suarl ("AGEM"), a wholly owned subsidiary of Managem Group, has completed a six-year earn-in to acquire an approximate 59% beneficial interest in the Senala Exploration Licence by spending US$5.8 million.  The Company has reported a Resource of 155,000oz contained gold at 1.26g/t Au in the JORC Inferred category for the Faré South prospect, and an additional, complementary Exploration Target range of 17 to 24Mt at a grade of 0.69 to 0.84g/t Au for 380,000 to 650,000oz contained gold for all prospects at Senala.  Discussions on the formation of a joint venture company are currently underway.  The Company also has several interests and royalties in companies operating in East Africa and Turkey that could give future cash payments.

For further information please visit www.orioleresources.com,  @OrioleResources on X