VERTEX MINERALS LIMITED - CAPITAL RAISING UPDATE

About this update from Vertex Minerals Ltd.

Vertex Minerals Limited (ASX: VTX) ('Company') confirms that on 28 July 2025 it received A$3.9 million (before costs) through the issuance of new ordinary Shares as part of the A$11 million capital raising (' Capital Raising ') announced by the Company on 12 May 2025 and approved at the General Meeting which took place on 21 July 2025 . The Capital Raising had also included the earlier issuance of A$3.5 million in Convertible Loans, bringing total proceeds received to date from the financing initiative to approximately A$7.5 million . With respect to the A$3.9 million secured on 28 July 2025 , 18,377,562 fully paid ordinary shares were issued by the Company ('Shares') at A$0.21 per Share. At the commencement of the Capital Raising , associates of the Company's cornerstone investor and largest shareholder with 17% of the shares on issue ( Gleneden Nominees Pty Ltd ) committed to subscribe for A$3.6 million of Shares. Timing for receipt of these funds has now been revised to on or before 15 September 2025 , as is provided for in an agreement entered on 27 July 2025 between the Company and Gleneden Nominees Pty Ltd. The Company has also retained its ability to place the remaining A$3.6 million to other interested investors (on the same terms as the Capital Raising ). Receipt of the A$3.9 million , along with the $3.5 million Convertible Loan component of the Capital Raising , has provided the Company with financial liquidity for the near-term restart of the high-grade Hill End Gold Project , at a time of an historically strong A$ gold price. Contact: RogerJackson Email: [email protected] (C) 2025 Electronic News Publishing, source ENP Newswire

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