Terrain Minerals Limited - Directors Participation in Rights Issue & Priority Underwriting of $231,000 Combined

About this update from Terrain Minerals Ltd

Terrain Minerals Limited (ASX: TMX) (Terrain or the Company) announced on the 24 April 2025 that it is conducting a capital raising of up to $2,535,000 (before costs) through a placement to sophisticated and professional investors to raise $735,000 (all existing shareholders) and a subsequent non renounceable rights issue offer to eligible shareholders to raise up to approximately $1,800,000 . The Company is pleased to confirm that all Board members intend to take up their rights issue allocations totalling approximately $116,000 . In addition, two directors have elected to underwrite the rights issue shortfall up to $115,000 . Together, this provides assurance over approximately $231,000 or 12.8% of funds sought to be raised from the rights issue. All eligible shareholders are able to participate and apply for additional allocations. The Board encourages eligible shareholder to consider applying for extra shares in accordance with the timetable on page 3. Board Participation: Priority Underwriting by Board Members (No underwriting fee's being paid): Mr Justin Virgin - $100,000 Mr Jason Macdonald - $15,000 Board Rights Issue Allocation - Combined Take-up Amount: $116,000 all directors combined (approximate) Use of Funds The board is very excited about the Company's future and the next chapter: Funds raised from the capital raising will be allocated towards additional drilling at the Company's Smokebush Gold Project , the Companies main focused now being directed on expanding on the recent drilling success at its 100% owned Smokebush project mainly the Lighting and Monza (Gold/Silver) and Wildflower targets (with also includes the Larin's Lane Gallium prospect, which is now advancing forward with metallurgical studies at Curtin University ). In addition, the funds will support the ongoing Exploration and advancement across other projects including Biloela Qld Copper/Gold Project , recently granted after a 2 year granting process and for general working capital requirements. Contact: Justin Virgin Executive Director Email: [email protected] Tel: +61 8 9381 5558 About Terrain Minerals Terrain Minerals is a Perth -based mineral exploration company with assets in Western Australia and Queensland, Australia . The Company is listed on the Australian Securities Exchange under the code TMX, with a secondary listing on the Frankfurt Stock Exchange Open Market under the code T4Y. Trade Opportunities Consistent with its publicly stated position, Terrain Minerals is, and remains, open to commercial discussions in relation to potentially divesting its interest in any of its assets either via sale (full or partial) or through a joint venture arrangement. Competent Person's Statement The information in this report that relates to Exploration Results from the Monza and Wildflower Gold Projects are based on information compiled by Mr. Benjamin Bell , who is a Member of the Australian Institute of Geoscientists and is a consultant retained by Terrain Minerals Limited . Mr Bell is a shareholder and options holder of Terrain Minerals Limited . The full nature of the relationship between Mr Bell and Terrain Minerals has been disclosed, including any issue that could be perceived by investors as a conflict of interest. Mr Bell has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. Bell consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Disclaimer Information included in this report constitutes forward looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as 'may', 'will', 'expect', 'intend', 'plan', 'estimate', 'anticipate', 'continue' and 'guidance' or other similar words, and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs. Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the company's actual results, performance, and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licences and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the company operates or may in the future operate environmental conditions including extreme weather conditions, staffing and litigation. Forward looking statements are based on the company and its management's assumptions made in good faith relating to the financial, market, regulatory and other relevant environments that exist and effect the company's business operations in the future. Readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements are only current and relevant for the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the company does not undertake any obligation to publicly update or revise any of the forward-looking statements or advise of any change in events, conditions or circumstances on which such statement is based. Contact: Tel: +61 8 9381 5558 Email: [email protected] (C) 2025 Electronic News Publishing, source ENP Newswire

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