BWA Group Plc – Aracari Gold Project – Update

14 April 2026

BWA Group PLC

(«BWA», or the «Company»)

Aracari Gold Project – Update

BWA [AQUIS:BWAP], the mining investment company with licences in Cameroon and
Canada, notes the announcement yesterday morning by Oriole Resources PLC
(«Oriole») of the maiden JORC Mineral Resource Estimate («MRE») for its MB01-N
deposit, which, together with the MRE for its neighbouring MB01-S deposit, takes
the total JORC Inferred Resource at its Mbe project («Mbe») to 1.23 million
ounces («oz»).

Oriole’s Chief Executive Officer, Martin Rosser, commented:

«…any gold exploration project reporting a more than 1 million oz contained gold
deposit is a major achievement and Mbe continues to build upon its status as not
only Cameroon’s leading gold project, with highly encouraging potential to
become a significant open pit gold mine, but is also of a size that already
bears favourable comparison with other major discoveries in Africa and the rest
of the world.»

The Aracari Project («Aracari»), for which BWA has an Option and Earn-In
Agreement to earn up to a 70% equity interest through expenditure of Euro 1.5
million, sits on a strike extending over 60 km in length and 1,268 square km in
area from Oriole’s Mbe licence. Significant gold sample results were found and
reported by the Company on 21 January 2026 (https://www.aquis.eu/stock
-exchange/announcements/5560656) in Aracari’s Bandjoukri Ouest licence area,
which is adjacent to Mbe, as shown in Figure 1 below.

[image]

Figure 1 – Proximity of the Oriole Resources – Mbe Mineral Resource Estimates to
Aracari Gold Project – Bandjoukri Ouest AOI-01 (Area of Interest).

Jonathan Wearing, Chairman of BWA Group, commented:

«The delineation of a JORC compliant Mineral Resource Estimate by Oriole at Mbe,
now totalling over 1.2 million ounces, represents a significant validation of
the broader mineralised system across this highly prospective district.

Importantly, Aracari’s AOI-1 prospect lies within 4.5km of this resource. This
proximity not only highlights the geological continuity between Mbe and Aracari,
but also underscores the strategic value of our Option and Earn-In Agreement,
which provides BWA with meaningful exposure to a rapidly emerging gold district
in Cameroon.»

For further information on the Company, please visit https://bwagroupplc.com/
or:

BWA Group PLC +44 (0) 7895 006 965

Peter Taylor [email protected]

Director
Allenby Capital Limited +44 (0) 20 3328 5656

Corporate Adviser Nick Harriss/Nick Naylor
Oberon Capital +44 (0) 20 3179 5300

Broker Nick Lovering/Adam Pollock

BlytheRay +44 207 138 3204

Financial PR James Mulligan/Matthew Bowld

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