KALAMAZOO RESOURCES LIMITED — Capital/Financing Update 2024

Oct 13, 2024

ASX Announcement 14 October 2024

Kalamazoo Share Purchase Plan Completed

Kalamazoo Resources Limited (ASX: KZR) (“ Kalamazoo ” or “the Company ”) is pleased to announce its recent Share Purchase Plan (“ SPP ”) has now closed.

The SPP was run in conjunction with a placement to institutional and sophisticated investors that raised $0.375M at $0.08 per new Share (“ Offer Price ”), with the SPP successfully raising $0.578m for a combined total of $0.953m.

The Company will today issue 7,218,750 SPP shares at the Offer Price which will, immediately upon issuing, rank equally with existing Kalamazoo fully paid ordinary shares on issue.

Normal trading of the SPP shares will commence on the ASX on 15 October 2024.

Kalamazoo will apply the funding from the SPP and Placement towards:

• Reverse Circulation drilling program at the Mallina West Gold Project, Western Australia

• Further investigation at the South Muckleford Gold / Antimony Project, Victoria where historical records of the Fentiman’s Reef Mine (circa 1860-1904) reported production of up to ~1 oz/t Au associated with high grade antimony lodes containing up to 42% Sb[1]

• Ongoing exploration program at the Mt Piper Gold Project, Victoria

• Assisting De Grey Mining Limited (ASX: DEG) (“ De Grey ”) as required, as it carries out its due diligence activities at the Ashburton Gold Project, Western Australia, currently under an Option to Acquire by De Grey for $30 million[2]

• General working capital

Approved for release by the Board

For further information, please contact:

Luke Mortimer Ben Creagh Chief Executive Officer Media & Investor Relations luke.reinehr@kzr.com.au benc@nwrcommunications.com.au

1. ASX: KZR 22 December 2020 2. ASX: KZR 6 February 2024

About Kalamazoo Resources Limited

Kalamazoo Resources Limited (ASX: KZR) is an ASX-listed exploration company with a portfolio of high-quality gold and base metals projects in the Central Victorian Goldfields, the Pilbara and the Murchison, WA. In the Pilbara, De Grey Mining have taken an option to purchase Kalamazoo’s 100% owned Ashburton Gold Project for $30 million. Also, in the Pilbara the company is exploring its 100% owned Mallina West project which is located along strike of and within the same structural corridor as De Grey’s +10 million ounce Hemi gold discovery. In the Central Victorian Goldfields Kalamazoo is exploring its 100% owned Castlemaine Goldfield Project (historical production of ~5.6Moz Au), the South Muckleford Gold Project south of the Maldon Goldfield (historical production of ~2Moz), the Myrtle Gold Project, the Tarnagulla Gold Project and the Mt Piper Gold Project near the world class Fosterville gold mine in Victoria. Kalamazoo has become the first junior gold explorer operating in Australia to be certified carbon neutral for its business operations under the Federal Government’s Climate Active Program, with its FY2024 emissions fully offset achieved with a verified environmental reforestation program located in Western Australia.

Forward Lookin g Statements

Statements regarding Kalamazoo’s plans with respect to its mineral properties and programs are forward-looking statements. There can be no assurance that Kalamazoo’s plans for development of its mineral properties will proceed as currently expected. There can also be no assurance that Kalamazoo will be able to confirm the presence of additional mineral resources/reserves, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of Kalamazoo’s mineral properties. The performance of Kalamazoo may be influenced by several factors which are outside the control of the Company and its Directors, staff, and contractors.