CAVALIER RESOURCES LIMITED — Board/Management Information 2025

Nov 30, 2025

==> picture [596 x 91] intentionally omitted <==

----- Start of picture text ----- ASX ANNOUNCEMENT1 DECEMBER 2025----- End of picture text -----

Appointment of New Director

Cavalier Resources Limited (ASX:CVR) ( Cavalier or the Company ) is pleased to advise that Mr William (Bill) Oliver has been appointed as a non-executive director of the Company effective from 1 December 2025.

Mr Oliver is a geologist with over 25 years of experience in the international resources industry working for both major and junior companies.

His geological experience ranges across all aspects of exploration, the design, evaluation and implementation of resource definition programmes as well as resource modelling and inputs into all levels of mining and feasibility studies.

Importantly for Cavalier he has extensive experience in the development of gold deposits in Australia and overseas, bringing multiple projects into production.

Mr Oliver also has a long history with the Crawford Project having been one of the founders of Roman Kings, former owners of the project, and was responsible for the planning and execution of the 2017 drill programme which informed the MRE completed in 2017.

Mr Oliver is a member of the Australasian Institute of Mining and Metallurgists and the Australian Institute of Geoscientists and holds an honours degree in Geology from the University of Western Australia as well as a post-graduate diploma in finance and investment from FINSIA.

Daniel Tuffin, Executive Technical Director, commented:

“Bill’s technical depth and commercial experience make him an outstanding addition to the Board. He was directly involved in the early stages of the Crawford Gold Project’s development, giving him valuable historical insight into the geology and growth potential of the asset.

Combined with his strong track record in project evaluation, resource development and transactions across multiple commodities, Bill’s appointment strengthens our capability as we continue to advance Crawford and build value for shareholders.”

This announcement has been approved and authorised by the Board of Cavalier Resources Limited.

==> picture [440 x 40] intentionally omitted <==

----- Start of picture text ----- cavalierresources.com.au----- End of picture text -----

==> picture [150 x 41] intentionally omitted <==

----- Start of picture text ----- PAGE 1 OF 2----- End of picture text -----

==> picture [596 x 51] intentionally omitted <==

For further information:

Investor Relations Daniel Tuffin Executive Technical Director daniel@cavalierresources.com.au

Media Enquiries Stewart Walters MarketOpen Stewart@marketopen.com.au

About Cavalier Resources

The Company has interests in Tenements in Western Australia, collectively known as the Leonora Gold Project, Hidden Jewel Gold Project, and Ella's Rock Li-Ni-Au Project, prospective for lithium, gold and nickel mineralisation.

==> picture [528 x 442] intentionally omitted <==

For more information on Cavalier Resources and to subscribe to our regular updates, please visit our website here and follow us on:

==> picture [22 x 17] intentionally omitted <==

https://twitter.com/CavalierLtd

==> picture [18 x 19] intentionally omitted <==

https://www.linkedin.com/company/cavalier-resources-ltd/

==> picture [18 x 18] intentionally omitted <==

https://www.facebook.com/cavalierresources

==> picture [440 x 40] intentionally omitted <==

----- Start of picture text ----- cavalierresources.com.au----- End of picture text -----

==> picture [150 x 41] intentionally omitted <==

----- Start of picture text ----- PAGE 2 OF 2----- End of picture text -----