CAML shareholder resolution passes

Scheme Update – CAML Shareholder Resolution Passed

TORONTO and PERTH, Western Australia, Sept. 06, 2026 (GLOBE NEWSWIRE) -- Cygnus Metals Limited (ASX: CY5; TSXV: CYG; OTCQB: CYGGF) (“Cygnus” or the “Company”) refers to the proposed transaction under which Central Asia Metals PLC (AIM: CAML) (“CAML”) will acquire 100% of the shares in Cygnus pursuant to a scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth) (“Scheme”).

Capitalised terms in this announcement that are not otherwise defined have the meanings given to them in the Scheme Booklet dated 13 August 2026.

CAML Resolution Passed

Cygnus is pleased to announce that at the CAML extraordinary general meeting held on 4 September 2026, CAML shareholders approved the resolution to allot the New CAML Shares pursuant to the proposed acquisition of Cygnus. The passing of the resolution is an important milestone for the Scheme, satisfying one of the conditions required for the Scheme to proceed to implementation.

The Scheme remains subject to the satisfaction (or waiver, where applicable) of the other conditions set out in the Scheme Implementation Deed. Cygnus will keep the market updated on the progress of the Scheme in accordance with its continuous disclosure obligations.

Bell Potter Engaged to Assist Eligible Scheme Shareholders with CREST Accounts

Cygnus also announces that, in addition to Morgans, CAML has engaged Bell Potter to provide facilitation services to Eligible Scheme Shareholders in connection with the Scheme.

As set out in the Scheme Booklet, New CAML Shares will be admitted to trading on AIM and settled through CREST, a computerised share transfer and settlement system. Not all Australian stockbrokers are able to execute trades on AIM, and Eligible Scheme Shareholders who do not otherwise have access to a CREST-enabled broking account may require assistance to open one and to dematerialise their New CAML Shares into CREST.

With both Morgans and Bell Potter, Eligible Scheme Shareholders will not incur transaction costs associated with the opening of new accounts or dematerialisation of New CAML Shares into CREST for a period of 12 months from Implementation of the Scheme.

Eligible Scheme Shareholders whose existing stockbroker is unable to execute trades on AIM, and who wish to use this service, should contact Bell Potter at Sogrady@bellpotter.com.au or Morgans at either https://morgans.com.au/contact-us or for further information. Eligible Scheme Shareholders wishing to establish a CREST-enabled broking account are encouraged to commence the account opening process as soon as practicable, as account establishment and CREST onboarding may take several business days.