Placing and Subscription to raise £2,467,000, Board Changes and New Bitcoin Treasury Management Strategy

Hamak Gold Limited (LSE: HAMA) is pleased to announce that it has raised gross proceeds of £2,467,000 via a direct subscription with the Company and a placing via its broker Peterhouse Capital through the issue of 308,375,000 new ordinary shares to new investors under the Financial Promotion Order (“FPO”) Director’s exemption.

In addition, the Company announces that two new Directors, who are subscribing for a total
of £200,000, are appointed to the Board, with two Non-Executive directors simultaneously
resigning.

Highlights

• £2,467,000 raised at a price of £0.008 per share from a range of new investors,
  including the investment arm of the Private Office of Sheik Nayef Bin Eid Al Thani, a
  member of the Qatari Royal Family
  
• New Board appointments will significantly increase the Company’s Middle East and
  Gulf connections and advance the Company’s corporate strategy of embarking on a
  Bitcoin Treasury Management (“BTM”) Policy alongside its existing gold exploration

Nick Thurlow, newly appointed Chairman of Hamak Gold Ltd, commented:

“This is an exciting strategic development for Hamak. With the injection of additional capital,
we are now well-positioned to pursue two core objectives in parallel. Firstly, maximising our
existing gold exploration and development opportunities and secondly, seizing the
transformative opportunity as a Main Market listed company to lead the UK in digital treasury
management.

“We aim to provide institutional and professional investors with structured, professionally
managed exposure to both gold and the wider digital asset space. This strategy will be
underpinned by a substantial Bitcoin asset base, offering transparency, institutional-grade
security, and governance oversight through our listing on the London Stock Exchange’s Main
Market.

“Our Main Market listing subjects us to the UK’s highest standards of disclosure and market
conduct, further differentiating the Company from its peers listed on other UK exchanges.”

Placing and Subscription

The Company has raised gross proceeds of £2,467,000 at a price of £0.008 per share through
the issue of 308,375,000 new shares to new investors, introduced by the new Directors and
Peterhouse Capital.

The proceeds of the placing and subscription will be used to settle certain corporate creditors
of the Company and for general working capital, with any excess funds being applied to follow
a focused Bitcoin Treasury Management policy

Board Changes

Executive Chairman Amara Kamara and Non-Executive Director Niall Young have resigned
from the Board as of the date of this announcement.
The Board of Directors would like to thank Amara Kamara and Niall Young for their valued
contribution and service to the founding, listing and successful exploration strategy of the
Company.

Simultaneous to the resignation of these directors, the Company welcomes the appointment
of Mr. Nick Thurlow and Mr. James Lawrence to the Board, as Executive Chairman and
Executive Director respectively. Both Directors bring a wealth of financial and management
experience to Hamak Gold as the Company seeks to diversify its strategy to include a Bitcoin
Treasury policy alongside its current gold exploration programme, which is now under Joint
Venture with ASX-Listed First Au Limited (see announcements dated 21 May and 27 June
2025).

Mr. Nick Thurlow is a senior financial professional, most recently working for MBS in Dubai as
Group CFO. MBS is the investment arm of Shiekh Nayef Bin Eid Al Thani of the Qatari Royal
Family. Prior to this, Nick was a Managing Partner at FCA-regulated Bramdean Asset
Management and worked alongside Nicola Horlick. Nick has held many senior banking roles,
including Treasurer for Standard Chartered, Credit Suisse and HSBC.

Mr. James Lawrence is an accomplished Entrepreneur and Executive Director with over 15
years of experience in Investment Management and Trading. He successfully founded and
scaled multiple ventures, including Enigma Strategy, which was acquired by MBS as part of
its strategic expansion. James holds an MBA from Bayes Business School, along with several
industry certifications and diplomas

About Hamak Gold Limited
Hamak Gold Limited (LSE: HAMA) is a UK listed company focussed on gold exploration in
Africa and with a strategy of pursuing a BTC/ crypto treasury management policy. Through its
LSE main board listing investors underweight crypto can get professional exposure to this
asset class.