Significantly Improved Crawford Gold Project Funding Package

Cavalier Resources has executed a revised funding package, providing significant cost savings and funding certainty for the development of the Stage 1 Crawford open pit, positioning the Company strongly for future growth.

<ul><li>Executed a non-binding term sheet for a US$13 million (~A$18.7 million) gold prepay with Raptor Capital International Ltd, post due diligence.</li><li>Secured indicative terms for an additional A$5 million Gold Loan Facility from Ottomin Pty Ltd, subject to final documentation and due diligence.</li><li>Combined package will fund Stage 1 Crawford open pit development and further drilling, with a revised structure reducing gold delivery obligations by ~52% and delivering cost savings of ~A$43 million at current gold prices.</li><li>Strengthened project economics and flexibility to absorb capital and operating cost increases, with continued focus on advancing toward production.</li><li>Term Sheet remains subject to completion of due diligence, regulatory approvals, and binding agreements.</li></ul>

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Significantly Improved Crawford Gold Project Funding Package