LINGBAO GOLD (03330): The Tongbai Laowan gold mine area has completed exploration work in the entire area, and the gold metal quantity (mineral resource quantity) has increased by approximately 73% to 54.51 tons.

LINGBAO GOLD (03330) announced that its wholly-owned subsidiary Tongbai Xingyuan Mining Co., Ltd. (Tongbai Xingyuan) has completed exploration work in the Tongbai Laowan gold mining area, above -350 meters elevation, and has released for the first time mineral resource estimates in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves 2012 edition (JORC Code). The mineral resource estimate report (2025 SRK report) was prepared by Beijing SRK Resource Technology Co., Ltd. (SRK). Exploration work was carried out in the Tongbai Laowan gold mining area, covering an area approximately 7 kilometers long and 1.2 kilometers wide within the mining permit boundary. Over a period of 3 years, survey work was conducted in the reconnaissance zone and blank zone above -350 meters elevation, with 94 construction drill holes totaling over 41,000 meters drilled. Geological logging was conducted in existing tunnels, and over 9,000 samples were analyzed. As of September 30, 2025, the estimated mineral resources in the Tongbai Laowan gold mining area are as follows: "Indicated" ore quantity of 640,000 tons, with a grade of 4.18 grams per ton, containing 86,000 ounces of gold (2.67 tons); "Measured" ore quantity of 4.4 million tons, with a grade of 4.85 grams per ton, containing 687,000 ounces of gold (21.36 tons); "Inferred" ore quantity of 7.69 million tons, with a grade of 3.96 grams per ton, containing 980,000 ounces of gold (30.48 tons); and a total ore quantity of 12.73 million tons, with a grade of 4.28 grams per ton, containing 1.753 million ounces of gold (54.51 tons). As of September 30, 2025, the gold metal content (mineral resource) in the Tongbai Laowan gold mining area is 1.753 million ounces (54.51 tons). Compared to the gold metal content (mineral resource) of 1.015 million ounces (31.57 tons) as of December 31, 2024, the gold metal content (mineral resource) in the Tongbai Laowan gold mining area has increased by 737,000 ounces (22.94 tons), a growth of 73%. The difference in the two resource estimates is mainly due to new exploration projects and differences in the estimation scope. Deep mineralization below -350 meters elevation in the Tongbai Laowan gold mining area is still open, with the deepest drill hole encountering mineralization at -1,284 meters elevation. The next phase of drilling plans is currently underway. Simultaneously, various work tasks in compliance with government administrative requirements are being carried out to advance future production expansion plans.