Taung Gold Clarifies Jeanette Mining Right Remains Valid Until 2047

• Taung Gold International clarified that Jeanette's mining right remains valid until June 6, 2047, correcting its annual report.
• The March 31, 2026, deadline to commence mining lapsed; an extension application was filed on March 4, 2026.
• Project financing and development arrangements face a further six- to nine-month delay, reflecting funding constraints and unfinished feasibility studies.
• Jeanette production is now targeted for 2031 rather than 2030; Evander's production timetable remains 2034–2051.
• Sufficient development funding has not been secured; the board reported no material adverse impact on either project's long-term commercial viability.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Taung Gold International Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261029-12387288), on October 29, 2026, and is solely responsible for the information contained therein.