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Roboto Condensed

FEG Company Update Webinar May 2025

The Directors of Far East Gold (FEG or the Company) are delighted to announce that the Company’s Strategic investor Xingye Gold (Hong Kong) Mining Company Limited (please refer to the Company announcement 5 September 2024) has received all the necessary Chinese regulatory approvals to release the Tranche 1 funds to FEG. Tranche 1 Subscription Amount of A$6,391,669.00 has been received by the Company

• Three-tranche conditional share placement agreement, targeting over A$14 million investment for a 19.99% strategic stake in Far East Gold.

• All tranches priced at A$0.20 per share, representing a 47% premium to the recent placement and share purchase plan.

• The Subscriber is a wholly owned subsidiary of Inner Mongolia Xingye Silver &Tin Mining Co. Ltd (Xingye), a Chinese mining company listed on the Shenzhen Stock Exchange with a market capitalisation of over A$4 billion, the largest silver producer in China and one of the largest silver producers in the world and China’s second largest tin producer.

• Xingye to add deep technical expertise with a successful track record of bringing greenfield projects through to production, and capacity for potential follow-on investment.