Kingston Resources Limited - Clarification Announcement

About this update from Kingston Resources Ltd.

Kingston Resources Limited (ASX: KSN) ('Kingston' or 'The Company') released an announcement titled 'Argonaut PCF Appointed for Misima Strategic Process' ('Argonaut')', dated 20 November 2024 (Announcement). With regards to the Announcement, the Company provides the following additional information: The assumptions on the Resources and Reserves on the announcement are from the announcement which was previously released under the title 'Misima DFS confirms 1.73Moz gold Reserve, $956m NPV' dated 6 June 2022 with no material changes to the assumptions underpinning the Resources and Reserves and they continue to apply; Argonaut is appointed as a financial advisor in connection with the divestment or alternative transaction involving the Misima Gold Project . The financial advisory fee incurred by Kingston for retaining Argonaut services is not material for the Company; The term of the contract is up to 6 months with an option to extend the term by written confirmation by both parties; There are no material conditions to be satisfied before Argonaut becomes legally bound to proceed with the contract and There is no other material information relevant to assessing the impact of the agreement with Argonaut on the price or value of the Company's securities. ABOUT KINGSTON RESOURCES Kingston Resources is currently producing gold from its Mineral Hill gold and copper mine in NSW and owns the 3.8Moz Misima Gold Project in PNG. The Company's objective is to establish itself as a mid-tier gold and base metals company with multiple producing assets. Contact: Tel: +61 2 8021 7492 Email: [email protected] (C) 2024 Electronic News Publishing, source ENP Newswire

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