EMETALS LIMITED — Share Issue/Capital Change 2026

May 14, 2026

EMETALS

ASX ANNOUNCEMENT

15 MAY 2026

CLEANSING NOTICE

eMetals Limited (ASX:EMT) (eMetals) (Company) confirms the issue of fully paid ordinary shares (Shares) on 15 May 2026 as further described in the Appendix 2A lodged on that date.

In respect of the Shares, the Company gives notice pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) (Corporations Act) that:

(a) the Company issued the Shares without disclosure under Part 6D.2 of the Corporations Act; and
(b) as at the date of this notice, the Company has complied with:

(i) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and
(ii) sections 674 and 674A of the Corporations Act; and

(c) as at the date of this notice, there is no information to be disclosed which is excluded information (as defined in sections 708A(7) and 708A(8) of the Corporations Act) that is reasonable for investors and their professional advisers to expect to find in a disclosure document. 'Excluded Information' is information:

(i) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and
(ii) that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

a. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
b. the rights and liabilities attaching to the Shares.

This announcement has been authorised for release by the Board of eMetals Limited.

For, and on behalf of, the Board of the Company

Mathew Walker

Executive Director

EMETALS Limited

-ENDS

ACN: 142 411 390 | Registered Office: Level 1, 50 Kings Park Road, West Perth WA 6005

Telephone: +61 8 6385 2282 | info@emetalslimited.com.au | emetalslimited.com.au

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EMETALS

About eMetals Limited

eMetals Limited (ASX: EMT) is a mining exploration company focused on precious and critical metals.

The Company has a 100% interest in the Mineral Range Tungsten Project in Utah, USA, where it is targeting high grade tungsten mineralisation within the Mineral Range in Beaver County, an area with an extensive history of tungsten mining, inclusive of several past-producing mines.

The Company has two projects in Uganda:

• Mubende Gold Project: The Mubende Gold Project, including the highly prospective Bukuya prospect, with ongoing artisanal mining over 600 meters of strike. The project offers significant growth potential, with mineralisation open along strike and at depth.
• Busia Gold Project: The Busia Gold Project where the Company is targeting orogenic gold within the highly prospective Busia Greenstone Belt.

Directors	Issued Capital
Gary Lyons
Chairman	975,000,000 fully paid ordinary shares (EMT)
Mathew Walker
Executive Director
Teck Wong
Non-Executive Director

ACN: 142 411 390 | Registered Office: Level 1, 50 Kings Park Road, West Perth WA 6005
Telephone: +61 8 6385 2282 | info@emetalslimited.com.au | emetalslimited.com.au