EQ RESOURCES LIMITED — Capital/Financing Update 2026

Jan 22, 2026

resourcing the new economy for a better tomorrow

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23 January 2026

Section 708A Cleansing Notice

This notice is given by EQ Resources Limited ( EQR or the Company ) under Section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Ac t).

The Company hereby confirms that:

• (a) On 22 January 2026 it issued 4,248,919 fully paid ordinary shares ( Shares ) from the exercise of options, with an issue price of $$0.0675 (6.75 cents);

• (b) the Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

• (c) the Company is providing this notice under paragraph 5(e) of section 708A of the Corporations Act

• (d) 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; ii. and sections 674 and 674A of the Corporations Act; and

• (e) as at the date of this notice, there is no excluded information of the type referred to in Sections 708A(7) and 708A(8) of the Corporations Act which is required to be disclosed pursuant to section 708A(6)(e).

An Appendix 2A relating to the issue of these Shares was released today.

Released on authority of the Board by: Further Enquiries: Tony Di Pietro Peter Taylor Company Secretary Investor Relations 0412 036 231 peter@nwrcommunications.com.au

About the Company

EQ Resources Limited is a leading global tungsten mining company dedicated to sustainable mining and processing practices. The Company is listed on the Australian Securities Exchange, with a focus on expanding its world-class tungsten assets at Mt Carbine in North Queensland (Australia) and at Barruecopardo in the Salamanca Province (Spain). The Company leverages advanced minerals processing technology and unexploited resources across multiple jurisdictions, with the aim of being a globally leading supplier of the critical mineral, tungsten. The Company aims to create shareholder value through the exploration and development of its current project portfolio whilst continuing to evaluate corporate and exploration opportunities within the new economy and critical minerals sector globally. Follow us:

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PRINCIPAL PLACE OF BUSINESS: 6888 Mulligan Highway, Mt Carbine Qld 4871 POSTAL ADDRESS: PO Box 1496, Mareeba Qld 4880 ABN: 77 115 009 106 (ASX: EQR) T: (07) 4094 3072 | F: (07) 4094 3036 | W: eqresources.com.au