Catalina Resources Ltd (ASX:CTN) Strategic Acquisition and Placement Expands Mid-West Gold Portfolio

About this update from Catalina Resources Limited

Sydney, Australia, May 14, 2026 - (ABN Newswire) - Catalina Resources Limited (ASX:CTN) announced that it has entered into a binding agreement to acquire a strategically assembled portfolio of exploration assets across the Mid-West (figure 1*) and Lake Johnston (figure 6*) regions of Western Australia, advancing the Company's deliberate strategy of building a substantial land position across emerging and underexplored mineral districts proximal to historical production centres and regional processing infrastructure. Highlights - Firm commitments received for a A$3.0 million capital raising managed by Shaw and Partners Limited to support the acquisition and fund geophysics, target generation, drilling and broader exploration activities across the expanded portfolio. - Binding agreement executed to strategically expand Catalina's Mid-West and Lake Johnston portfolio across highly prospective gold and base metal districts in Western Australia. - Acquisition represents a deliberate portfolio expansion strategy focused on securing highly prospective ground proximal to processing infrastructure, historical production centres and active exploration corridors. - Key assets within the expanded portfolio include: o Kirkalocka - positioned in close proximity to the ~2Mtpa Kirkalocka Gold Mine and processing hub (currently undergoing refurbishment). o Tallering -Underexplored gold and VMS opportunity with multiple advanced and drill-ready targets across ~30km of strike. o Pithara - includes the historical high-grade Pithara Gold Mine, which reportedly produced ~9,000oz at 15.4g/t Au from a shallow open pit. - Multiple advanced and drill-ready targets already identified across the portfolio through historical drilling, geophysics, geochemistry and geological reinterpretation. Executive Director, Ross Cotton, commented: "The acquisition secures Catalina a strategic landholding across the Mid-West Region, where renewed investment and consolidation activity - including by Gylden Resources and the proposed reactivation of the Kirkalocka Mill - is supporting increasing exploration and development activity across the district. The portfolio strengthens Catalina's presence across the broader Kirkalocka, Pithara and Warriedar projects, adjacent to existing and proposed processing infrastructure, including the 2.0Mtpa Kirkalocka processing plant and the proposed 3.2Mtpa Lake J...

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