3 June 2026

Shuka Minerals Plc

("Shuka'' or the "Company")

Subscription for £150,000

Shuka Minerals Plc (AIM/AltX: SKA), an African focused mine operator and developer,  announces that the Company was approached by an African based mining investor and is pleased to announce it has raised gross proceeds of £150,000 through a subscription ("Subscription") for 3,750,000 new ordinary shares ("Subscription Shares") at a price of 4 pence per share.

The Subscription is on the same terms as the placing announced on 13 January 2026 and therefore the Company has also issued 3,750,000 warrants, exercisable at 8 pence per new ordinary share and valid for three years from the date of Admission (as defined below).

In addition, the Company has issued 225,000 new ordinary shares at price of 4 pence per share to settle fees due to Marc Nally, a consultant to the Company ("Consultant Shares"). The Board is grateful for Marc's continued support, including his agreement to receive Ordinary Shares in lieu of accrued fees.

Admission

Application has been made to the London Stock Exchange for the Subscription Shares and Consultant Shares to be admitted to trading on AIM ("Admission").  It is expected that Admission will become effective and that dealings in the Subscription Shares on AIM will commence on or around 8.00 a.m. on 5 June 2026. The Subscription Shares and Consultant Shares will rank pari passu with the Company's existing ordinary shares in all respects.

Total voting rights

Following the Admission, the total issued share capital of the Company will be 131,036,139 ordinary shares, each with voting rights. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the FCA's Disclosure Guidance and Transparency Rules.

This announcement contains inside information for the purposes of the UK Market Abuse Regulation. The Directors of Shuka are responsible for the contents of this announcement.

ENDS

Shuka Minerals plc has its primary listing on the London Stock Exchange ("AIM") and a secondary listing on the AltX of the JSE Limited.

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Caution:

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.