Statement re Litigation with Ex-CEO

21 February 2025

SolGold plc

(05449516)

("SolGold" or the "Company")

Litigation with Ex-CEO

The Board of Directors of SolGold (LSE & TSX: SOLG) makes the following statement in relation to the litigation proceedings between Darryl Cuzzubbo v SolGold plc and Ors. (QUD112/2023):

(i) the proceedings between Mr Cuzzubbo and SolGold and its current and former directors have been resolved by way of settlement;

(ii) SolGold no longer contends that Mr Cuzzubbo engaged in any serious misconduct during his employment;

(iii) the parties agree that, at the time of Mr Cuzzubbo's termination, his view as to the company's operation differed to that of the Board of SolGold; and

(iv) a payment was made by SolGold to Mr Cuzzubbo in respect of the settlement and the terms of settlement are otherwise confidential.

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