Minbos Resources Limited - FIRM COMMITMENTS RECEIVED FOR $4.4M PLACEMENT AND STAGE-2 EXPORT PROGRESS

About this update from Minbos Resources Limited

Minbos Resources Limited (ASX:MNB) ('Minbos' or 'the Company') is pleased to announce it has received firm commitments from new and existing sophisticated and professional investors to raise approximately AU$4.4 million (before costs) via the issue of approximately 62.9 million fully paid ordinary shares in the Company (Shares) at an issue price of AU$0.07 per Share (Placement). Funds raised are to be used to progress the Cabinda Fertilizer Project , export partnership opportunities, progressing Lobito distribution hub studies, green ammonia feasibility and partnership progression and general corporate working capital. Cabinda Phosphate Export Potential The Deepwater Port at Caio remains on track for physical completion in December 2025 . The port is located only 16km from the Minbos plant and can easily service 30,000tpa vessels to match requirements for potential customers in Asia and South America . Minbos has previously signed a Memorandum of Understanding (MOU)4 with Foskor , South Africa's largest phosphoric acid producer based in Richards Bay , for potential export sales from Cabinda. Engineering to double capacity of the plant has been completed and the capital is estimated at less than US$4M , with most of the equipment purchased from FEECO already rated at 60tph, allowing stage-2 production to commence when built. CPS Capital Group are acting as lead manager to the Placement. They will receive a 6% fee on all funds raised under the Placement as well as 4 million lead manager options (Lead Manager Options) which are being issued on the same terms as the Company's MNBOB listed options which are currently on issue and are exercisable at $0.07 and expire on 3 July 2026 . The issue of the Lead Manager Options will utilise the Company's existing placement capacity available under Listing Rule 7.1. An investor presentation and Appendix 3B for the proposed issue of securities will follow this announcement. Contact: Tel: +61 8 6219 7171 Email: [email protected] Compliance Statement The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. Forward Looking Statements Statements contained in this release, particularly those regarding possible or assumed future performance, revenue, costs, dividends, production levels or rates, prices, or potential growth of Minbos Resources Limited , are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors. (C) 2024 Electronic News Publishing, source ENP Newswire

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