#SVML Sovereign Metals Limited – Change of Director’s Interest Notice x4

LAPSE OF PERFORMANCE RIGHTS

Sovereign Metals Limited (ASX:SVM; AIM:SVML; OTCQX:SVMLF) (Sovereign or the Company) advises that 4,992,500 unlisted performance rights that were subject to the “Mining Licence Milestone” lapsed on 31 March 2026 without exercise or conversion.

Following the lapse of these unlisted performance rights, the Company has the following securities on issue:

·      646,938,703 fully paid ordinary shares (of no par value);

·      6,190,000 unlisted performance rights subject to the “Final Investment Decision Milestone” expiring on or before 30 June 2026.

·      9,022,500 unlisted performance rights subject to the “Bankable Definitive Feasibility Study Milestone” expiring on or before 30 June 2026; and

·      13,262,500 performance rights subject to the “Construction and Finance Milestone” that have no exercise price and expire 30 June 2028.

Change of Directors’ Interest Notices in relation to the lapse of unlisted performance rights have been provided below.