Ubuntu Mining & Metals Inc.

("Ubuntu" or the "Company")

Exclusivity Option for Two Strategic Tanzanian Gold Projects

Ubuntu Mining & Metals Inc. (AQSE: UNTU) is pleased to announce that it has entered into non-binding Letters of Intent ("LOI") with M/S Yahweh Mining Company Limited ("GoldCo"), a Tanzanian incorporated company, for 3-month exclusive option to acquire a significant interest in two highly prospective gold projects in the Republic of Tanzania.

Transaction Highlights:

·      60% Equity Interest: Subject to satisfactory completion of due diligence, Ubuntu agrees to acquire up to a 60% interest in the share capital of GoldCo.

·      Exclusive Option: Ubuntu has been granted an exclusivity period until 15 July 2026 to complete legal, technical, and financial due diligence.

·      Project Management: Ubuntu will act as the manager of the projects, with operational decisions overseen by a joint management committee with equal representation from both parties.

·      Funding Commitment: Following successful due diligence, Ubuntu will be responsible for 100% of agreed budgeted costs for exploration, capital, and regulatory compliance up to the commencement of mining.

The Projects:

1. Bukwimba Geita Gold Project Located in one of Tanzania's most prolific gold belts, the Bukwimba licenses (PML 0423, 0425, 0431, 0430 & 0290) cover approximately 55 hectares.

·      Prospectivity: Initial mapping and sampling have identified several gold-anomalous zones associated with greenstone belt structures.

·      Development Plan: The Company plans to undertake systematic geological and geophysical programs, followed by an initial drilling phase once targets are defined.

·      Timeline: Exploration and development activities are slated to commence within 60 days of successful due diligence, with a goal to start mining operations within 6 months of a Feasibility Study.

2. Nachingwea Gold Washing Operation

Located in Lindi Region, this project includes PML 296516LND (9.75 Ha) situated within a much larger 11.57 KM² Prospecting Licence (PL 13678/2025).

Cash Flow Potential: The project is designed to generate  early-stage revenues through an environmentally responsible small-scale gold washing plant processing alluvial and surface deposits. The gold washing activity is fully permitted under Tanzanian mining regulations.

·      Scalability: The "mother licence" provides significant scope to scale the gold washing operation by creating additional PMLs.

·      Investment Structure: Ubuntu will invest in the capital and operating expenditure ("Capex and Opex") for this operation against an equity stake in a local Special Purpose Vehicle (SPV).

Strategic Rationale

The LOIs are consistent with the Company's planned strategy of identifying and advancing high-value precious metals and base metals projects across East and Southern Africa.

The acquisition provides Ubuntu with a dual-track growth strategy: potential early-stage cash flow revenue from the Nachingwea gold washing initiative and high-impact exploration upside at the Bukwimba Geita Project.

The Tanzanian gold sector benefits from an established regulatory framework and well-documented geological prospectivity, and the Company considers these projects to represent a compelling entry point into the region.

The Company will provide further updates as due diligence progresses and subject to satisfactory completion thereof, upon the execution of binding agreements.

Eitan Yanuv, Director of Ubuntu Mining & Metals Inc., added:

"The dual nature of these projects is a key highlight for Ubuntu. While the Bukwimba Geita project offers significant exploration upside in a world-class gold belt, the Nachingwea operation allows us to generate early cash flow through environmentally responsible gold washing. This approach not only provides immediate operational experience in Tanzania but also creates important community employment opportunities as we scale our presence in the region".

Manish Shavadia, Director of Ubuntu Mining & Metals Inc., commented:

"This agreement represents a transformative step for Ubuntu. By potentially securing an interest in these strategic assets within Tanzania's prolific gold regions, we are positioning the Company for both near-term production and long-term exploration success."

"We will be reviewing the various data available with a view to potentially enter in to binding contracts for the GoldCo opportunity and we will update the market as soon as practically possible."

The directors of the Company accept responsibility for the contents of this announcement.

 For further information: