2 November 2026

AJAX RESOURCES PLC

("Ajax" or the "Company")

Total Voting Rights
Update on Nueva Celti
Holdings in the Company

Ajax [AQSE: AJAX / Euronext Growth Oslo: AJAXR], the listed natural resources
investment company, announces that, as at the date of this announcement, its
issued share capital comprises 150,567,198 ordinary shares in the Company (the
"Ordinary Shares"), each carrying one voting right. The Company holds no
Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and
voting rights in the Company is 150,567,198.

The above figure may be used by shareholders in the Company as the denominator
for the calculations to determine if they are required to notify their interest
in, or a change to their interest in the share capital of the Company, under the
FCA's Disclosure Guidance and Transparency Rules.

Update on Irrevocable Option to Acquire the Nueva Celti Copper Project

Ajax has agreed a second extension with Western Metallica Resources Corp.
("Western Metallica") to the Exclusivity and Binding Option Agreement. Both the
exclusivity period and the period during which Ajax may exercise its irrevocable
option to acquire 100% of Western Metallica, S.L. have been extended until 23:59
London time on 30 November 2026.

The extension gives Western Metallica additional time to complete outstanding
corporate approval matters relating to the proposed acquisition. Western
Metallica has received conditional approval from the TSX Venture Exchange for
the transaction, subject to satisfaction of the remaining closing conditions,
including shareholder approval.

Due diligence undertaken to date has been generally positive. The share purchase
agreement is being drafted by Canadian counsel, and Ajax currently expects
completion during November 2026, subject to finalisation of the transaction
documentation and satisfaction of the applicable closing conditions.

The total consideration for the proposed acquisition is US$300,000. Ajax has
paid a non-refundable option fee of US$10,000, which will be credited against
the cash consideration on completion. A further US$90,000 is payable in cash on
completion, with the remaining US$200,000 to be satisfied through the issue of
new Ajax ordinary shares, priced by reference to the ten-day average closing
price immediately preceding completion.

Nueva Celti is a historic underground copper mine in Andalusia, Spain.
Historical mining took place between 1902 and 1918, and previous exploration has
included more than 9,000 metres of drilling. Western Metallica's 2023 drilling
confirmed copper mineralisation beneath the historic workings.

Western Metallica's technical work has identified conceptual exploration
potential of approximately 8-10 million tonnes grading 1.2-1.5% copper, with
potential gold, silver, lead and zinc credits. This is conceptual exploration
potential, not a mineral resource; there has been insufficient exploration to
estimate a mineral resource in accordance with an internationally recognised
reporting standard.

Ajax has confirmed that the project is drill-ready and, following completion of
the acquisition, plans an initial 3,000-metre diamond drilling programme at an
estimated cost of approximately EUR500,000. The programme is intended to test
extensions of the known mineralisation along strike and at depth and to support
the potential definition of a maiden JORC-compliant Mineral Resource Estimate.

The Company understands that a local drilling contractor has indicated that
approximately EUR90,000 already paid in respect of drilling that has not yet been
undertaken may be recognised in connection with a future drilling programme at
Nueva Celti. Subject to verification and completion of the proposed acquisition,
Ajax expects this will reduce the cost of the planned programme.

Holdings in the Company

As at 30 October 2026, to the best of the knowledge of the Company, the
interests in Ordinary Shares of significant shareholders and members of the
Board are as follows:

Shareholder	Number of Ordinary Shares	% of Issued Ordinary Shares
Ippolito Ingo Cattaneo*	20,650,000	13.71%
Orca Capital GmbH	14,529,980	9.65%
JIM Nominees Limited	8,539,750	5.67%
Appian Natural Resources Fund II L.P.	5,444,962	3.62%
Michael Hutchinson * #	4,930,432	3.27%
Richard Heywood *	3,011,908	2.00%
* Director of the Company
# These include shares held by Elmlea Properties Limited ("Elmlea"), a PCA where
Mr Hutchinson has an advisory involvement. Mr Hutchinson is not a Director of
Elmlea and does not hold any executive or managerial role within Elmlea.





- ENDS -




For further information:

Ajax Resources Plc	Ippolito Ingo Cattaneo, Chief Executive Officer
Tel: +44 (0) 208 146 6345
info@ajaxresources.com

Allenby Capital Limited (Aquis Corporate Adviser)	Nick Harriss / Nick Naylor /
Ashur Joseph
Tel: +44 (0) 203 328 5656
n.harriss@allenbycapital.com

Bowsprit Partners (Euronext Growth Oslo Adviser)	John Treacy / Francesco Cicconi
Tel: +44 (0) 203 883 4430

About Ajax Resources Plc

Ajax Resources Plc is a UK natural resources investment company whose ordinary
shares are admitted to trading on the Aquis Growth Market (AQSE: AJAX) and
Euronext Growth Oslo (OSLO: AJAXR). The Company's shares were previously
admitted to the FCA Official List and traded on the Main Market of the London
Stock Exchange while it operated as a special purpose acquisition company
(SPAC). Ajax has since transitioned to its current strategy as an operational
natural resources investment vehicle.

Ajax is focused on identifying, acquiring and advancing assets containing
copper, gold, silver, zinc, uranium and lead, commodities supported by strong
long-term demand fundamentals. The Company's strategy centres on the acquisition
and development of assets with historical production, significant untapped or
latent potential, and substantial exploration upside, typically secured on
highly advantageous terms. Ajax aims to progress these assets through
development and into production, with the objective of generating revenue and
long-term shareholder 
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