IDENBURG PROJECT- UKLUPL (ENVIRONMENTAL) APPROVAL GRANTED

Far East Gold Limited (FEG or the Company) is pleased to announce that on 11 March 2026 the Idenburg Gold Project received environmental approval for advanced exploration activities. This landmark approval removes a key regulatory hurdle and allows FEG to accelerate drilling within its priority strategic corridor — marking the first time the Indonesian Government has granted such authority over this highly prospective area.

HIGHLIGHTS:

·  By Decree dated 11 March 2026 the Minister of Environment and Forestry of the Republic of Indonesia granted the “Approval of the Environmental Management Ability Statement of the Gold and its Associated Mineral Exploration Activities” in the Idenburg Project’s Contract of Work area.

·  The Upaya Pengelolaan Lingkungan – Upaya Pemantauan Lingkungan (UKL-UPL) is approval by the Indonesian Government of the Company’s planned Environmental Management Efforts (UKL) and Environmental Montioring Efforts (UPL). The approval includes the Company undertaking exploration covering an area of 8,950-ha within the Idenburg Project’s tenement.

·  The 8,950-ha area that is the subject of the environmental approval covers the Idenburg’s Project’s core development corridor.

·  Environmental approval for advanced exploration unlocks the pathway to, operational licensing and future mine development.

·  Alongside the UKL-UPL, the Company is parallel-tracking its forestry permits, having lodged the Governor Recommendation application on 15 December 2025. This recommendation is a mandatory prerequisite to formally apply for the Persetujuan Penggunaan Kawasan Hutan (PPKH) (or "Borrow-Use") for the approved area contained in the UKL UPL with the Ministry of Environment and Forestry. Securing this regional endorsement is the final step required to lodge the PPKH and will allow the Company to continue its pathway to development of the Idenburg project.

Managing Director & CEO Shane Menere commented: “Securing UKLUPL approval across more than 8,950 hectares at our flagship Idenburg Project marks a major inflection point for Far East Gold. With this key regulatory milestone now cleared, we can accelerate toward development with confidence. This approval strengthens our foothold in one of the world’s most prospective gold provinces and is a crucial step to creating a successful pathway to development at Idenburg.