Zimbabwe restricts foreign participation in small-scale gold mining

Zimbabwe Restricts Foreign Participation in Small‑Scale Gold Mining (TheNewswire) CALGARY, Canada – TheNewswire - July 3, 2026 — Pambili Natural Resources Company (“Pambili” or the “Company”) (TSXV: PNN) announces that the Zimbabwe Government has introduced new regulations prohibiting foreign individuals and companies from participating in small‑scale gold mining, defined as mines producing less than 20 kg (640 oz) of gold per month. This is part of a broader strategy to increase local ownership and retain greater value from the country’s mineral sector. Although the policy has yet to be enacted, foreign operators currently active in the segment must either significantly scale up investment to US$15 million and increase production to 20 kg/month or exit the sector by January 2027.

Pambili’s Golden Valley A1 asset does not have the potential to meet the new production threshold on its own and, although Pambili’s core corporate strategy has always been focused on acquisitive growth towards 20,000 oz per annum, the Company is unlikely to meet the new 20 kg/month benchmark by the end of the year. Consequently, the Board has initiated a multi-pronged mitigation strategy which includes exploring alternative high-yield asset acquisition opportunities in Zimbabwe and other jurisdictions, engaging in high-level diplomatic dialogue via the Canadian Embassy in Harare, and preparing for potential regulatory exemptions for foreign-listed entities. The Board is fully committed to protecting and enhancing shareholder value despite evolving regional dynamics.

Concurrently, the Board is maintaining its focus on operational fundamentals. Completing the audit of the 2025 Financial Statements remains a top priority as a precursor to lifting the FFCTO and returning the stock to trading, thereby ensuring the company is financially agile and fully equipped to execute on any transactions in its pipeline. About Pambili Natural Resources Company: Pambili Natural Resources Company is a natural resources exploration and development company ( www.pambilinrc.com ) currently active in Zimbabwe.

For further information, contact: Pambili Natural Resources Company Jon Harris (CEO) T : 403 277 4421 E : jon.harris@pambilinrc.com Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.   Caution Regarding Forward-Looking Information - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often, but not always, identified by words such as “believes”, “may”, “likely”, “plans”, or similar words. Forward-looking statements included in this news release include statements with respect to activities in Zimbabwe.

These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to the impact of general economic conditions, industry conditions, currency fluctuations, and dependence upon regulatory approvals. The Company does not assume any obligation to update the forward-looking statements to reflect changes in assumptions or circumstances other than as required by applicable law.    [NOT FOR DISTRIBUTION TO U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES] Copyright (c) 2026 TheNewswire - All rights reserved. TheNewsWire July 3, 2026 - 10:40 AM PDT News by QuoteMedia www.quotemedia.com