Mr. Jose Manzano reports
EARLY WARNING NEWS RELEASE WITH RESPECT TO THE ACQUISITION OF SECURITIES OF RESOURO STRATEGIC METALS INC.
On March 19, 2026, Jose Luis Manzano acquired ownership and control of six million CHESS depository interests, representing beneficial ownership in six million common shares of Resouro Strategic Metals Inc., pursuant to a block trade between the acquiror and a shareholder of the issuer through the facilities of the Australian Securities Exchange at a price of 32 Australian cents per CDI for a total price of $1.92-million (Australian) (approximately 31 Canadian cents per CDI for a total price of approximately $1.86-million (Canadian) using the Bank of Canada's exchange rate on such date).
Prior to the CDI acquisition, the acquiror owned and controlled 10 million common shares, representing approximately 9.3 per cent of the issued and outstanding common shares. Upon completion of the CDI acquisition, the acquiror owned and controlled a total of 16 million common shares (10 million common shares and six million CDIs), representing approximately 14.9 per cent of the issued and outstanding common shares.
Subsequent to the CDI acquisition, from March 23, 2026, to March 26, 2026, the acquiror acquired ownership and control of an additional 2,975,500 common shares, representing approximately 2.8 per cent of the issued and outstanding common shares, pursuant to a series of market purchases on the TSX Venture Exchange at prices ranging from 23 Canadian cents to 24 Canadian cents for a total price of $694,694 (Canadian). Upon completion of the common share acquisition, the acquiror owns and controls a total of 18,975,500 common shares (12,975,500 common shares and six million CDIs), representing approximately 17.6 per cent of the issuer's issued and outstanding common shares.
The acquiror acquired the CDIs and common shares for investment purposes and has a long-term view of the investment. The acquiror may in the future acquire additional securities of the issuer on the open market, through private acquisitions or participation in financings of the issuer, or may sell the CDIs or common shares on the open market or through private dispositions, and may discuss with management and/or the board of directors of the issuer any of the actions listed in clauses (a) to (k) of Section 5 of the acquiror's early warning report, in such manner as it deems advisable depending on a number of factors including market conditions, changes in the business, strategy, operations or prospects of the issuer, and/or other relevant factors.
This press release is being issued pursuant to National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues). An early warning report regarding the acquisition will be filed on SEDAR+ under Resouro's issuer profile. A copy of the early warning report may also be obtained by contacting the acquiror care of Blas Peralta, counsel, at peraltablas.work@gmail.com or 54-11-5612-7426.
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