Almasane Alkobra Mining Company (AMAK) announces the issuance of an exploration license for Gold from the Ministry of Industry and Mineral Resources. License location: Aseer Province. License No.:14443133.

License Issuance date: 25-06-1444 AH Corresponding to 18-01-2023 AD. License Expiry date: 25-06-1449 AH Corresponding to 24-11-2027 AD. Total Area: 34 km2.

This license was issued in accordance with the Mining Investment Law issued by Royal Decree No. M/140 dated 19/10/1441 AH and its executive regulations. The company will carry out the necessary exploratory studies during the statutory period to ensure the availability of the required raw materials.

The financial impact value and timing of this license will become clear after the completion of exploration work and studies, and the company will announce any major developments regarding this license.