Letter to Optionholders

Akora Resources Limited (ASX: AKO) has announced an equity raising of up to $3.3 million through a placement and subsequent retail offer to eligible shareholders. The placement involves up to 19,885,000 ordinary shares at $0.08 per share, raising $1,590,800. Eligible shareholders can subscribe for one new share for every nine shares held at the offer price of $0.08 per share, with the opportunity to apply for additional shares not subscribed for. The Entitlement Offer details will be available in the Entitlement Offer Document to be lodged on ASX on 15 May 2026. Shareholders holding Akora options are advised to exercise them before the Record Date to participate in the Entitlement Offer. For further information or assistance, please contact Akora's Share Registry. Consider consulting your professional adviser before making any decisions regarding your options. Any questions? Feel free to reach out to us at Shane Turner, Company Secretary, Akora Resources Limited.