PC GOLD LTD — Capital/Financing Update 2026

Mar 18, 2026

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19 March 2026
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NOTICE UNDER SECTION 708A(5)(E) OF THE CORPORATIONS ACT 2001

This notice is given by PC Gold Limited (ASX: PC2) ( PC Gold or the Company ) pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) (Corporations Act).

Today the Company issued 421,751 fully paid ordinary shares ( Shares ) to DDH 1 pursuant to the Drill for Equity Agreement previously announced to the market on 6 November 2025. The shares were issued pursuant to companies Listing Rule 7.1 capacity and are detailed in an Appendix 2A released earlier.

The Company advises that:

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

• (b) this notice is being given under section 708A(5)(e) of the Act;

• (c) as a disclosing entity, the Company is subject to regular reporting and disclosure obligations;

• (d) as at the date of this notice, the Company has complied with:

• (i) the provisions of Chapter 2M of the Act, as they apply to the Company; and

• (ii) section 674 and section 674A of the Act; and

• (e) as at the date of this notice, there is no information that is “excluded information” within the meanings of sections 708A(7) and 708A(8) of the Act.

-END-

This release is authorised by the Board of Directors of PC Gold Limited.

For further information visit our website at pcgold.com.au or contact:

Ashley Pattison Paul Berson - Investor Relations Executive Chairman T: +61 (0) 421 647 445 E: info@pcgold.com.au E: paul@corporatestorytme.com

U38/460 Stirling Hwy, Peppermint Grove WA 6011 Australia e. admin@pcgold.com.au t. 08 6313 3996

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About PC Gold

PC Gold Limited is a gold exploration and development company focused on unlocking the full potential of its flagship Spring Hill Gold Project in the Northern Territory. With a Mineral Resource Estimate reported in accordance with the JORC Code of 25.6Mt @ 1.0g/t Au, a strong balance sheet, and a highly experienced team, PC Gold is executing a clear strategy to transition Spring Hill toward production.

The Spring Hill Project is a virgin gold system hosting mineralisation within granted mining leases, with environmental approvals already in place to commence open-pit mining. This positions PC Gold to move swiftly through development milestones.

The Company is advancing Spring Hill through a dual-stream strategy:

• Infill drilling to upgrade Resource confidence and support conversion to Reserves.

• Aggressive extensional exploration to grow the global Spring Hill Resource inventory.

All modifying factors required for future development — including mining, metallurgy, infrastructure, and permitting — are being progressed in parallel, to ensure a streamlined path toward feasibility and production.

A breakdown of the Spring Hill Mineral Resource Estimate by category and various Cut Off Grades ( COG ) is as follows:

COG		Indicated			Inferred			Total
	Tonnes (Mt)	Au g/t	Oz Au (‘000)	Tonnes (Mt)	Au g/t	Oz Au (‘000)	Tonnes (Mt)	Au g/t	Oz Au (‘000)
0	21.1	0.7	505	22.3	0.7	503	43.4	0.7	1,008
0.3	17.6	0.9	483	19.2	0.8	482	36.8	0.8	966
0.5	13.0	1.0	424	12.6	1.0	397	25.6	1.0	821
0.7	8.6	1.2	341	7.3	1.3	295	15.9	1.2	636

Notes :

1. Figures may not add up due to rounding.

2. All Mineral Resources are classified as Indicated and Inferred.

3. All Mineral Resources have been depleted by surface trial mining and Underground Adits.

4. Grade Capping has been applied to high grade outliers. Each domain has been capped based on their unique geology and grade distribution.

5. No minimum mining SMU parameters applied to the Mineral Resources.

6. The average bulk density is assigned based on average mean values by weathering type: oxide = 2.57 g/cm3; transition = 2.69 g/cm3; Fresh = 2.77 g/cm3.

7. The Mineral Resource was estimated in accordance with the JORC Code.

3477-7381-7671, v. 2

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Competent Person's Statement

Past Mineral Resource estimates reported in this announcement were first reported by the Company in accordance with ASX Listing Rules 5.7 and 5.8 in its Prospectus lodged with ASIC and dated 13 August 2025 (as amended by the Supplementary Prospectus lodged with ASIC and dated 10 September 2025) (the Prospectus ). The Company confirms that it is not aware of any new information or data that materially affects the information included in the Prospectus and that in the case of the Mineral Resource estimates, that all material assumptions and technical parameters underpinning the estimates in the Prospectus continue to apply and have not materially changed. The Company confirms that the form and content in which the Competent Person's findings are presented here have not been materially modified from the Prospectus. Refer to the Prospectus for further information.

Disclaimer

This release may include forward-looking statements. These statements are based on PC Gold management’s expectations and beliefs concerning future events as of the time of the release of this announcement. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, some of which are outside the control of PC Gold, which could cause actual results to differ materially from such statements. PC Gold makes no undertaking to subsequently update or revise the forward looking or aspirational statements made in this release to reflect events or circumstances after the date of this release, except as required by applicable laws and the ASX Listing Rules.

3477-7381-7671, v. 2