Cloudbreak Discovery - Darlot West Exploration Update and Option Exercise

22 September 2025

Cloudbreak Discovery Plc

("Cloudbreak" or the "Company")

Darlot West Exploration Update and Option Exercise

Cloudbreak Discovery Plc (LSE: CDL), a London Stock Exchange Main Market listed company, is very pleased to announce the exercise of the option to acquire Phase 1 of Darlot West Gold Project ("Darlot West") that covers 60.6km². Darlot West (Figure 1) is located only 10km southwest of the iconic Darlot Gold Mine in Western Australia with production of 2.8 million ounces of gold produced to date.

The Company is further pleased to announce that the next phase of exploration has just been completed to further advance the project over the additional ~7km of greenstone belt strike, the host to where Cloudbreak recently discovered up to 28.62g/t Au from surface rock chip sampling, as announced on 21 August 2025.

Work completed in this latest phase of exploration included:

·    76 rock chip samples;

·    577 soil samples;

·    The submission of 653 soil and rock chip samples to Intertek Laboratories in Perth with an expected turnaround time of approximately one month;

·    Drone mapping of historical workings to assist in defining potential geological and structural targets and their strike extensions (See Figures 2 to 6); and

·    Mapping of the historical workings and structural measurements of the known gold-bearing quartz veins.

The next phase of exploration is being planned and will follow up on significant metal detector pits across the project where coarse gold is believed to have been recovered. High Resolution magnetics are to be completed shortly to potentially identify drill ready targets.

Tom Evans, Cloudbreak's MD, commented:

"With the Company now fully funded for all planned works, the number of samples collected from Darlot West in the past few weeks is exceptional - it's great to have this next phase completed so quickly and I look forward to the results from Intertek Laboratories. In the meantime, a high-resolution magnetic survey is planned, which will follow up on the vast number of metal detector pits identified by geologists, which may assist with mapping hidden gold structures. The Darlot West Gold Project is a sizeable area covering 60.6km² , and with samples of up to 28.62g/t Au we will continue to follow up gold mineralisation over the project with the aim of moving towards drilling as soon as possible. I look forward to updating shareholders as results come to hand."

From current observations, the structural orientation of gold mineralisation appears to trend east-northeast to northeast, which is consistent with broader scale regional structural mapping in the area. This makes observations comparable to the British King Gold Mine located just east of Darlot West, where east-west gold bearing quartz veins have been reported.

At the northern boundary of Darlot West, old workings show a northwest strike which is broadly similar to orientations observed at the Darlot Gold Mine. Historical workings identified on Darlot West also exhibit a west-northwest strike.

At this early stage it is possible to interpret structures and associated historical gold workings as being related to the same structural systems influencing British King and the Darlot Gold Mine with both orientations being observed.

Some structures, such as those along the northern boundary could parallel the Darlot Gold Mine, and further work will target all orientations of quartz veining. The upcoming magnetics may help to delineate both orientations.

Observations from historical trenching, and the multiple orientations to the historical workings, indicate that previous work may have been targeting both quartz veining orientations, associated with the British King Gold Mine and the Darlot Gold Mine.

Figure 1: Location of Darlot West Gold Project, Western Australia - 10km from 2.8Moz Darlot Gold Mine

Figure 2: Historical shafts and workings on Darlot West Gold Project.

Figure 3: Historical shafts and workings on Darlot West Gold Project, from drone.

Figure 4: Historical shaft on Darlot West Gold Project.

Figure 5: Historical shaft on Darlot West Gold Project.

Figure 6: Historical shaft on Darlot West Gold Project.

Option Exercise Terms

The vendors of Darlot West will be issued 50 million ordinary shares of £0.001 in the Company in accordance with the terms of the acquisition as announced on 23 June 2025.  The Company will issue the shares following the publication of an FCA approved prospectus which, as announced on 28 August 2025, it is working with its advisers to prepare. 

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About Cloudbreak Discovery PLC

Cloudbreak Discovery PLC is a leading gold, precious and base metals resource explorer. Cloudbreak is focused on mineral exploration in Western Australia with the aim of bringing near-term cashflow and driving shareholder value.

Through its wholly owned subsidiaries, the Company will develop its array of mineral assets, whilst continuing to generate new projects with a particular focus on commodities with high intrinsic value.

Cloudbreak's generative model across the mineral sector enables a multi-asset approach to investing in the commodity cycle.

Competent Persons Statement

The Information in this report that relates to exploration results, mineral resources or ore reserves is based on information compiled by Mr Edward Mead, who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Mead is a consultant to Cloudbreak Discovery Plc and employed by Doraleda Pty Ltd. Mr Mead has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the `Australian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves' (the JORC Code). Mr Mead consents to the inclusion of this information in the form and context in which it appears in this report.