DALAROO METALS LTD — Capital/Financing Update 2026

Apr 15, 2026

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ASX ANNOUNCEMENT:
ASX: DAL | OTCQB: DALMF 16 April 2026
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Dalaroo Secures Strong Community and Government Support Ahead of Soil Geochemistry Program at Bondoukou Gold Project, Côte D’Ivoire

Dalaroo Metals Limited ( ASX: DAL | OTCQB: DALMF ) ( “Dalaroo” or “the Company” ) is pleased to advise that it has successfully completed community consultation and stakeholder engagement activities ahead of the commencement of its regional soil geochemistry program at the Goldridge Prospect within the Bondoukou Project in north-eastern Côte d’Ivoire, marking a key milestone in advancing systematic exploration across the project.

The engagement program included meetings with local community representatives, village leaders and government authorities to introduce the planned exploration activities and outline the scope of the soil geochemistry program. These activities were undertaken to ensure that stakeholders are informed and to establish communication channels prior to the commencement of field operations.

The Company has received acknowledgement and support from local authorities, with engagement activities also facilitating access arrangements and local participation in the upcoming soil sampling program.

This engagement forms part of Dalaroo’s approach to responsible exploration and supports the planned execution of field activities at the Bondoukou Project.

Highlights:

• Community Engagement Completed: Structured consultation undertaken across key villages within the Bondoukou Project area.

• Government Support Received: Local administrative authorities acknowledge and support the commencement of field activities.

• Strong Community Backing: Positive engagement with village leaders, youth representatives and local stakeholders .

• Local Participation: Recruitment of local workforce underway to support soil geochemistry program.

• ESG-Focused Approach: Community engagement integrated into all phases of exploration activities.

• Field Access Secured: Stakeholder alignment achieved, enabling commencement of field operations.

For more information about Dalaroo’s Bondoukou Project, please follow the link: Bondoukou Project

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Community Engagement Program

Dalaroo has undertaken a structured community consultation campaign across key villages within the Bondoukou Project area, including Amodi, Dingbi, Kouaffo, Kogodjan, Dame, Yao-Kokoroko and Amoatini . The program included:

• Formal meetings with Village Presidents and Youth Leaders

• Introduction and explanation of the soil geochemistry program and field activities

• • Open discussions regarding community expectations, employment opportunities and environmental considerations

• Alignment on Local Participation and Workforce Recruitment

These consultations resulted in positive engagement and support from local stakeholders , with local stakeholders expressing their commitment to supporting exploration activities and contributing to project success.

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Figure 1. Location Map of Bondoukou Project Showing Goldridge Prospect and Surrounding Communities.

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Figure 2. Community Engagement Activities Across Bondoukou Project Villages with CEO John Morgan and the Local Dalaroo team.

Government & Institutional Support

The Company confirms that the Sub-Prefect has formally authorised the resumption of field activities and has expressed full institutional support for the project.

Local authorities have also:

• Encouraged continued engagement with communities

• Requested direct communication channels for rapid issue resolution

• Reinforced the importance of maintaining transparent and responsible operations

This level of government backing provides a solid framework for the smooth execution of exploration activities .

Social Licence and Local Participation

Dalaroo’s engagement strategy has successfully established a strong social licence to operate , with communities:

• Fully mobilised and informed ahead of program commencement

• Actively assisting in the recruitment of local labour

• Demonstrating high levels of cooperation and project ownership

The Company has prioritised:

• Local employment opportunities

• Field safety induction and training for community workers

• Ongoing dialogue to ensure mutual benefit and long-term partnership

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This approach aligns with Dalaroo’s broader ESG commitment to sustainable exploration and community value creation .

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Figure 3. Local Workforce Mobilisation and Soil Sampling Preparation Activities.

Integration with Exploration Activities

Community engagement activities were completed prior to the launch of the regional soil geochemistry program , ensuring:

• Safe and efficient field access

• Clear communication of exploration objectives

• Alignment with local stakeholders on operational timelines

Field teams have since commenced soil sampling activities following community approval and participation frameworks established during consultations .

Update on current Soil Sampling Campaign

Soil sampling activities are progressing well, with approximately 40% of the planned program now complete. The program is being systematically advanced across priority target areas, including zones of known artisanal workings and interpreted structural corridors defined through recent geological mapping and high-resolution drone survey data. Sampling is being conducted on a consistent grid spacing designed to effectively test the broader 9.5km mineralised trend, with an initial focus on the 2.5km antiform target zone where previous reconnaissance work has identified elevated gold values.

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Samples collected to date are undergoing field preparation and QA/QC procedures in line with industry best practice, including appropriate sample handling, logging, and insertion of control samples where applicable. Prepared batches are currently being readied for submission to Intertek Laboratories in Yamoussoukro for multi-element analysis, with results expected to provide a robust geochemical dataset to support JORCcompliant exploration targeting.

At the current rate of progress, the Company expects to complete the soil sampling program by mid-May 2026. Assay results are anticipated to be received on a rolling basis, with the full dataset expected in late May to early June 2026. Interpretation of the results will focus on identifying coherent gold-in-soil anomalies and vectoring toward potential mineralised structures, with particular attention to structural intersections and fold hinge zones.

The results from this program will be used to refine and prioritise drill targets, with anomalous zones to be fast-tracked for follow-up work, including infill soil sampling, trenching where appropriate, and the design of a maiden aircore and/or RC drilling program. This work represents a key step in advancing the Bondoukou Project toward initial drill testing and potential for discovery.

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Figure 4. Soil Geochemistry Program Layout – Goldridge Prospect.

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Project Overview and Regional Setting

The Bondoukou Project is located within the Birimian Greenstone Belt of Côte d’Ivoire , one of the most prolific gold provinces globally.

The terrane is characterised by extensive greenstone belts, regional-scale shear zones and favourable structural architecture, which commonly controls the emplacement of gold mineralisation throughout the region.

The region hosts multiple multi-million-ounce gold deposits , with mineralisation typically associated with:

• Regional shear zones

• Fold-related structural traps

• Quartz vein systems

• Volcano-sedimentary lithological contacts

The project tenure encompasses multiple prospective structural corridors displaying geological and structural characteristics conducive to gold mineralisation. Prospectivity appears particularly strong in the northern portion of the licence, where extensive historical artisanal workings are developed along interpreted shear zones and fault structures.

These artisanal workings provide evidence for near-surface gold occurrences within the project area. However, no drilling or systematic exploration programs have yet been undertaken by the Company to confirm the extent, grade or continuity of mineralisation.

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Figure 5. Country scale Map of Côte d’Ivoire showing Dalaroo projects in relation to known gold deposits.

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Geological Setting and Prospectivity

The Bondoukou Project is located within the Birimian terrane of eastern Côte d’Ivoire, approximately 35km northwest of the Tanda gold deposit operated by Endeavour Mining, within one of West Africa’s most prolific gold-producing geological provinces.

Gold mineralisation within the Birimian terrane is typically structurally controlled, occurring along major shear zones and lithological contacts that act as conduits for hydrothermal fluids responsible for gold deposition. At Bondoukou, extensive artisanal gold workings are distributed across the licence area, particularly along interpreted regional shear corridors and volcanic–granitoid contacts, providing strong surface evidence for near-surface gold mineralisation with potential for both strike and depth continuity.

The presence of favourable Birimian host lithologies, well-developed structural architecture, and widespread artisanal mining activity indicates that the project may host orogenic-style gold mineralisation. These characteristics support the implementation of systematic exploration programs, including geological mapping, geochemical sampling and drilling, to evaluate the scale, grade continuity and economic potential of the mineralised systems across the project area.

Upcoming Catalysts

Over the coming months, Dalaroo expects:

• Receipt of multi-element geochemical assay results

• Assessment of geochemical results to identify potential gold anomalies

• Commencement of (Subject to results):

• Trenching / auger drilling programs

• Initial RC drilling campaigns

Management Commentary

Dalaroo CEO – John Morgan

“Securing strong community and government support is a critical milestone for Dalaroo as we commence systematic exploration at Bondoukou. With soil sampling now underway, we are well positioned to generate our first geochemical dataset and rapidly progress towards drill-ready targets.”

Country Manager & Exploration Manager Côte d’Ivoire – Frank Twum-Berima Bosompem

“The successful community engagement program reflects our commitment to building trust and long-term partnerships with host communities.

The level of cooperation and support we have received is exceptional and supports the Company’s planned exploration activities to deliver a safe and effective soil geochemistry program while creating shared value at the local level.”

Next Steps

• Ongoing community engagement and monitoring throughout the soil sampling program

• Continued local workforce integration and training

• Expansion of stakeholder engagement as exploration progresses across the permit

• Progressive advancement of exploration targets within the Bondoukou Project

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This announcement has been authorised for release to the ASX by the Company's Board of Directors.

ENDS

For more Information:

Dalaroo Metals Website Please visit our website for more information:

John Morgan Chief Executive Officer T: +61 410 774 319 E: info@dalaroometals.com.au

ABOUT DALAROO METALS

Dalaroo Metals Limited is an ASX-listed exploration company focused on the discovery and development of high-quality gold and critical minerals projects across Australia and international jurisdictions.

The Company’s portfolio includes the Blue Lagoon Project in southern Greenland , prospective for rare earth elements (REE), zirconium and niobium, a growing suite of gold exploration assets in Côte d’Ivoire located within the highly endowed Birimian Greenstone Belt of West Africa, and the Lyons River Project and Namban Project in Western Australia.

Dalaroo’s strategy is to systematically advance its projects through modern exploration techniques, resource definition and strategic partnerships, with a strong focus on value creation for shareholders. The Company is committed to responsible exploration, strong corporate governance and building long-term stakeholder relationships in the regions in which it operates.

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COMPETENT PERSON STATEMENT

The information in this report that relates to exploration results is based on information compiled by John Morgan, a Member of the Australasian Institute of Mining and Metallurgy (AusIMM) and the CEO of Dalaroo Metals Ltd. Mr Morgan has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Mr Morgan consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.

FORWARD-LOOKING STATEMENTS

This announcement contains forward-looking statements which are based on current expectations, assumptions, estimates and projections. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied. These risks include, but are not limited to, exploration success, geological interpretation, commodity price fluctuations, regulatory approvals, permitting timelines, operational risks and market conditions.

Any statements regarding potential mineralisation, exploration targets, grades, scale or development concepts are conceptual in nature and based on early-stage surface sampling only. These statements do not constitute, and should not be construed as, a Mineral Resource or Ore Reserve estimate as defined under the JORC Code. References to peer projects, market pricing, strategic significance or potential future development pathways are provided for contextual purposes only and should not be interpreted as a forecast of future performance or valuation. Commodity pricing information is indicative only, subject to market volatility and should not be relied upon as a projection of future prices. Investors are cautioned not to place undue reliance on forward-looking statements. Dalaroo Metals Limited undertakes no obligation to update or revise any forward-looking statements, except as required by law.

The Company confirms it is not aware of any new information or data that materially affects the information included in this announcement.

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