Terrain Minerals - Partial Shortfall Issued (2nd Parcel) at $0.003 with Balance Available

About this update from Terrain Minerals Ltd

Terrain Minerals Limited ('Terrain' or the 'Company') the diversified exploration company is pleased to announce that further to its ASX announcement dated 20 June 2025 , the Company has successfully placed a second tranche of shortfall. Raising a total of $190,000 via the issue of 63,333,333 shortfall shares at an issue price of $0.003 each together with 63,333,333 free attaching unlisted options (exercisable at $0.005 each expiring 17 June 2027 ) under the shortfall facility of the non-renounceable rights issue (Entitlement Offer). The remaining shortfall under the Entitlement Offer following this allotment is $633,383 (being 211,127,691 shares together with 1:1 free attaching unlisted options, exercisable at $0.005 each expiring 17 June 2027 ) which is to be placed before the 17 September 2025 . Terrain intends to issue further shortfall amounts as bids and eligible funds are received, with a focus on aligned and strategic participation (fee available & paid to ASFLs). Other Updates: The remaining Smokebush gold/silver drilling results, from the recent RC drilling campaign, 19 holes for 4,465 meters, still outstanding and due in September 2025 . Exciting results from a single hole retuned: 22m @ 2.71 g/t gold from 105m downhole (hole SBRC074), this hole only targeted the Lightning structure. Suggests, at this early stage, that the Lightning & Monza Gold Prospect has the potential to host thick zones of gold mineralisation, See ASX release 02 September 2025 , for full details. If you have any questions on the pending gold drilling results or interest in the Entitlement Offer Shortfall, please contact me directly: Justin Virgin - Executive Director For further information, please contact: Justin Virgin - Executive Director Email: [email protected] Phone: +61 8 9381 5558 About Terrain Minerals Terrain Minerals is a Perth -based mineral exploration company focused on its 100% owned assets in Western Australia and one in 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. 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. (C) 2025 Electronic News Publishing, source ENP Newswire

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