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Jangada Mines plc / EPIC: JAN.L / Market: AIM / Sector: Mining

20 August 2025

Jangada Mines plc ('Jangada')

Acquisition Completion, Issue of Equity and TVR

Jangada Mines Plc (AIM: JAN), a natural resource development company with assets in Brazil and other jurisdictions, is pleased to announce, further to its 19 August 2025 announcement, the completion of its acquisition of an initial 33.3% equity interest in MTGOLD MINERAÇÃO LTDA ("MTgold"), the owner of the highly prospective Paranaíta Gold Project ("Paranaíta" or the "Project"), located in Brazil's historically significant Alta Floresta - Juruena Gold Province. Following this acquisition Jangada has now assumed operatorship of the Project.

The 7,211-hectare Paranaíta Gold Project is a gold-rich porphyry-epithermal system with extensive historical data, artisanal mining activity, and structural similarities to nearby high-grade producing deposits. More than $2 million has been invested in exploration to date, including 1,756 metres of diamond drilling, leading to the identification of 15 high-grade gold occurrences along an 8 km east-west mineralised corridor. The Project hosts resource of approximately 210,000 ounces of gold grading 3.165 g/t Au, compliant with Comissão Brasileira de Recursos e Reservas standards and readily convertible and extendable to JORC classification with further work. The next phase will target multiple open-ended gold structures to accelerate development of the project.

The consideration for the acquisition of the initial 33.3% interest comprises the equivalent of £1 million in value of new Jangada Ordinary Shares (based on a 20-day VWAP calculated as 0.535 pence) and £250,000 in cash. Accordingly, the Company has issued 186,880,956 new Ordinary Shares to the vendors (with the split as set out below) (the "Consideration Shares"), which are subject to a 12 month lock-up, save for certain limited customary carve-outs. Jangada also holds an option to increase its stake in MTgold to 50.1% through the issue of a further £500,000 in new Ordinary Shares, again priced using a 20-day VWAP at the time of exercise.

MTgold beneficial shareholder	% holding in MTgold	No. of Consideration Shares received	Pro forma shareholding in Jangada %
Future Mining S/A	75.0%	140,160,718	21.9%
Brian McMaster	12.5%	23,360,119	16.6%
Luis Azevedo	12.5%	23,360,119	15.9%
Total	100.0%	186,880,956	54.3%

Paulo Misk, CEO of Jangada, commented:

"I am delighted to confirm the successful acquisition of 33.3% in the highly prospective Paranaíta project. The asset benefits from substantial historical exploration, including over 1,750m of diamond drilling, which has helped identify an initial 210,000 ounces of gold at grades of c3.165g/t.

I have recently returned from site and having reviewed the data and proposed work programme I am keen to get exploration activities underway in the near term. A separate update will be released shortly, but with an already identified 8km mineralised corridor, which houses 15 primary high grade gold targets (including a drilled intersection grading over 18g/t), following our recent capital raise of £800,000 I believe we can unlock significant value in the short term in a highly cost-effective manner.

I look forward to providing an operational update in the near term during these exciting times for Jangada."

Admission and Total Voting Rights:

The Company has applied for the admission of the Consideration Shares to trading on AIM ("Admission"), with such Admission to become effective and that dealings commence on 26 August 2025. Following Admission, the Company's issued share capital will consist of 640,482,989 Ordinary Shares, each with one voting right. As the Company does not hold any shares in treasury, this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company following Admission under the FCA's Disclosure Guidance and Transparency Rules.

ENDS

For further information please visit www.jangadamines.com or contact:

Jangada Mines plc	Brian McMaster (Chairman)	Tel: +44 (0)20 7317 6629
Strand Hanson Limited (Nominated & Financial Adviser)	Ritchie Balmer James Spinney David Asquith	Tel: +44 (0)20 7409 3494

Tavira Financial Limited (Broker)	Jonathan Evans	Tel: +44 (0)20 7100 5100

Investor Relations	Hugo de Salis	hugo@lepanto.co.uk

Details of the person discharging managerial responsibilities/person closely associated

Name:

Brian McMaster

Reason for the notification

Position/status:

Executive Chairman

Initial notification/Amendment:

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name:

Jangada Mines plc

LEI:

213800LTGB12E32IN691

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted.

Description of the financial instrument, type of instrument:

Identification code:

Ordinary shares of £0.0004 each

ISIN: GB00BZ11WQ61

Nature of the transaction:

Receipt of new Ordinary Shares in lieu of acquisition consideration

Price(s) and volume(s):

Price(s)	Volume(s)
0.535 pence	23,360,119

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Date of the transaction:

19 August 2025

Place of the transaction:

Outside a trading venue

Details of the person discharging managerial responsibilities/person closely associated

Name:

Luis Azevedo

Reason for the notification

Position/status:

Non-Executive Director

Initial notification/Amendment:

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name:

Jangada Mines plc

LEI:

213800LTGB12E32IN691

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted.

Description of the financial instrument, type of instrument:

Identification code:

Ordinary shares of £0.0004 each

ISIN: GB00BZ11WQ61

Nature of the transaction:

Receipt of new Ordinary Shares in lieu of acquisition consideration

Price(s) and volume(s):

Price(s)	Volume(s)
0.535 pence	23,360,119

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Date of the transaction:

19 August 2025

Place of the transaction:

Outside a trading venue