Issue of Shares

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR

 22 November 2023

Wishbone Gold Plc

("Wishbone" or the "Company")

Issue of Shares

Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to announce that it will issue 1,162,790 new ordinary shares of 0.1 pence each (the "Ordinary Shares") at a price of 2.15 pence per share equating to £25,000 to pay for the Option Fee following the announcement made earlier today, 22 November 2023.

Application will be made for the new Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on AIM and the AQSE Growth Market ("Admission"). Dealings are expected to commence on or around 28 November 2023.

Assuming that Wishbone proceeds to acquire the project, Wishbone will pay the vendors (being Mining Equities Pty Ltd and CSI One Ltd) by the issue of 18,604,652 new ordinary shares (Acquisition Shares) at 2.15p each. This equates to £400,000.

Total Voting Rights

The Company's total issued and voting share capital upon admission of the new Ordinary Shares will consist of 259,135,655 Ordinary Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, securities of the Company.

For more information on Wishbone, please visit the Company's website.

www.wishbonegold.com.

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