TECHGEN METALS LTD — Capital/Financing Update 2025

Sep 9, 2025

==> picture [595 x 120] intentionally omitted <==

----- Start of picture text -----

9 [th] November2023 10 [th] September 2025
----- End of picture text -----

TechGen Raises A$1.2M in Top-up Placement to Accelerate Copper & Gold Projects Blue Devil & Mt Boggola

TechGen Metals Limited (“ TechGen ” or the “ Company ”) is pleased to announce that it has accepted binding commitments for a A$1.2M placement (“ Placement” ), receiving strong support from institutional and sophisticated investors, as well as key industry representatives. The top-up funds supplement the heavily oversubscribed Rights Issue completed earlier this week. The funds raised will primarily be used to accelerate ongoing exploration activities at the highly promising Copper, Gold and Antimony Mt Boggola project and the Copper, Gold and Silver Blue Devil project, both of which have recorded recent elevated copper occurrences associated with gold and silver that greatly support the potential of the large geophysical targets at both projects.

HIGHLIGHTS

• ➢ Firm commitments have been secured for the Placement, on the same terms as the oversubscribed entitlements issue, to raise A$1.2M (before costs).

• ➢ The oversubscribed support received from institutional and sophisticated investors reflects their confidence in TechGen’s trajectory towards its highly anticipated drilling campaigns at Blue Devil (Cu/Au/Ag) and Mt Boggola (Cu/Au/Sb).

• ➢ Managing Director, Ashley Hood, will subscribe for the $100k in the placement, subject to shareholder approval.

• ➢ Short Term Price Catalysts:

• Mt Boggola Cu-Au-Sb, Ashburton WA Addition ground geophysics to add additional targets to MB1 & MB2 Heritage Survey end of September & Program of Work approval RC and Diamond Drilling Q4 2025

• Blue Devil Cu-Au-Ag, Kimberly WA Additional ground geophysics over new high-grade copper gossans (52.8% Cu & 5.35g/t Au) Final Heritage Report and Governmental Administrative Approval & Program of Work approval Diamond drilling Q4 2025 – Q2 2026

• RC drilling ElDonna Au, Kalgoorlie WA

• Phase 3 drilling at John Bull Gold Project, NSW; Novo Resources Earn-in JV

TechGen’s Managing Director, Ashley Hood, commented;

“Again, we would like to thank shareholders who participated in the heavily oversubscribed Rights Issue and the top-up placement, as well as Cumulus Wealth Pty Ltd and Anadara Asset Management Pty Ltd who assisted as Joint Lead Managers. I am very excited about the two drill campaigns we have coming up – we are very fortunate to be catalyst rich and look forward to updating shareholders soon on our progress as outlined in the short-term price catalysts. The extra capital from raised from the top-up placement extends

ABN: 66 624 721 035 | Registered Office: 683 Murray Street, West Perth 6005 Telephone: +61 427 268 999 | Email: admin@techgenmetals.com.au | Website: techgenmetals.com.au

1

==> picture [595 x 120] intentionally omitted <==

----- Start of picture text -----

9 [th] November2023
----- End of picture text -----

the runway for TG1 to make a potentially company making discovery within our world class exploration portfolio.”

Placement Details

A total of 66,666,667 fully paid ordinary shares at an issue price of $0.018 per share will be issued as part of the capital raising (“ Placement Shares ”), together with one (1) free attaching TG1OA option for every two (2) Placement Shares subscribed for (“ Placement Options ”).

The Placement is to be completed in two tranches. Tranche 1 will comprise of 23,799,856 Placement Shares to raise up to $428,397.41 (before costs), to be issued under the Company’s ASX Listing Rule 7.1 placement capacity. Tranche 2 will comprise of the remaining 42,866,811 Placement Shares to raise up to $771,602.60 (before costs) and the 33,333,333 Placement Options, which will be issued subject to shareholder approval at the upcoming Annual General Meeting of shareholders.

Cumulus Wealth Pty Ltd and Anadara Asset Management Pty Ltd acted as Joint Lead Managers to the Placement (“ Joint Lead Managers ”). The Joint Lead Managers (or their nominee) will receive a 2% offer management fee (plus GST) of the total amount raised, 4% placement fee (plus GST) of the total amount raised.

Key Terms

• ➢ Total to be raised: A$1.2M

• ➢ Issue Price: $0.018 per Share with a 1:2 free attaching listed TG1OA option (exercise price of 3.6c; expiry 9 September 2028)

Timeline

INDICATIVE OFFER TIMETABLE*
Event	Time / Date
Trading Halt	Monday , 8 September 2025
Announcement of the Placement and Trading in TG1 Shares Recommences	Wednesday, 10 September 2025
Tranche 1 DVP Settlement Date	Friday, 12 September 2025
Tranche 1 Allotment date	Monday, 15 September 2025
*Dates in the above table are indicative only and may be subject to change. Tranche two is expected to occur at the AGM to be held in November 2025.

Previous ASX Announcements

• ➢ ASX:TG1: Change of Director's Interest Notice x 3 (9 September 2025)

• ➢ ASX: TG1: TG1OA Options Distribution Schedule (9 September 2025)

• ➢ ASX: TG1: TG1OA Top 20 Holder Report (9 September 2025)

• ➢ ASX:TG1: Application for quotation of securities (9 September 2025)

• ➢ ASX:TG1: Completion of Non-Renounceable Entitlement Offer (9 September 2025)

• ➢ ASX: TG1 Trading Halt (8 September 2025)

• ➢ ASX: TG1 Mt Boggola Cu-Au-Sb 3D modelling & Heritage process (4 September 2025)

ENDS.

ABN: 66 624 721 035 | Registered Office: 683 Murray Street, West Perth 6005 Telephone: +61 427 268 999 | Email: admin@techgenmetals.com.au | Website: techgenmetals.com.au

2

==> picture [595 x 120] intentionally omitted <==

----- Start of picture text -----

9 [th] November2023
----- End of picture text -----

About TechGen Metals Limited

==> picture [464 x 383] intentionally omitted <==

TechGen is an Australian registered exploration Company with a primary focus on exploring and developing its copper, gold, and antimony projects strategically located in highly prospective geological regions in WA, and one in NSW.

For more information, please visit our website: www.techgenmetals.com.au

Authorisation

For the purpose of Listing Rule 15.5, this announcement has been authorised for release by the Board of Directors of TechGen Metals Limited.

Competent Person Statement

The information in this announcement that relates to Exploration Results is based on and fairly represents information compiled and reviewed by Andrew Jones, a Competent Person who is a member of the Australasian Institute of Mining and Metallurgy (AusIMM). Andrew Jones is employed as a Director of TechGen Metals Limited. Andrew Jones has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves. Andrew Jones consents to the inclusion in this announcement of the matters based on his work in the form and context in which it appears.

ABN: 66 624 721 035 | Registered Office: 683 Murray Street, West Perth 6005 Telephone: +61 427 268 999 | Email: admin@techgenmetals.com.au | Website: techgenmetals.com.au

3

==> picture [595 x 120] intentionally omitted <==

----- Start of picture text -----

9 [th] November2023
----- End of picture text -----

Previously Reported Information

Any information in this announcement that references previous exploration results is extracted from previous ASX Announcements made by the Company.

Forward Looking Statements

Certain information in this document refers to the intentions of TechGen, however these are not intended to be forecasts, forward looking statements, or statements about the future matters for the purposes of the Corporations Act or any other applicable law. Statements regarding plans with respect to TechGen’s projects are forward looking statements and can generally be identified using words such as ‘project’, ‘foresee’, ‘plan’, ‘expect’, ‘aim’, ‘intend’, ‘anticipate’, ‘believe’, ‘estimate’, ‘may’, ‘should’, ‘will’ or similar expressions. There can be no assurance that the TechGen’s plans for its projects will proceed as expected and there can be no assurance of future events which are subject to risk, uncertainties and other actions that may cause TechGen’s actual results, performance, or achievements to differ from those referred to in this document. While the information contained in this document has been prepared in good faith, there can be given no assurance or guarantee that the occurrence of these events referred to in the document will occur as contemplated. Accordingly, to the maximum extent permitted by law, TechGen and any of its affiliates and their directors, officers, employees, agents and advisors disclaim any liability whether direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect of, the accuracy, reliability or completeness of the information in this document, or likelihood of fulfilment of any forward-looking statement or any event or results expressed or implied in any forward-looking statement; and do not make any representation or warranty, express or implied, as to the accuracy, reliability or completeness of the information in this document, or likelihood of fulfilment of any forward-looking statement or any event or results expressed or implied in any forward-looking statement; and disclaim all responsibility and liability for these forward-looking statements (including, without limitation, liability for negligence).

For further information, please contact:

Mr Ashley Hood, Managing Director P: +61 427 268 999 E: admin@techgenmetals.com.au www.techgenmetals.com.au

ABN: 66 624 721 035 | Registered Office: 683 Murray Street, West Perth 6005 Telephone: +61 427 268 999 | Email: admin@techgenmetals.com.au | Website: techgenmetals.com.au

4