Exploration Program at Mount Jackson Gold-Silver. Project commences.

Key Highlights:
• Immediate start to exploration at ACDC Metals new gold and
silver project in Nevada, USA.
• Airborne Geophysical survey (magnetics and radiometrics) now
completed.
• Processing and interpretation of geophysical data in progress,
with aim of defining priority drilling targets.
• Additional staking has now completed, a consolidated project of
164 BLM mine lode claims, taking the total area from ~3.6 km2
to ~13.3 km2.
• Placement has been successfully completed with funds received,
post fees of $870,000. Rights issue to commence to raise up to
$1.516m.
• Non-Executive Director resignation.

ACDC Metals Limited (ASX: ADC) (ACDC Metals or the Company) is pleased to provide an update in regard to field work that has commenced at the Mount Jackson Gold-Silver project in the Walker Lane Trend, Nevada. The Company has quickly initiated on ground exploration following announcement of the project acquisition on 30 April 20261. Geophysical data interpretation will integrate this new data with the existing geological and drilling data will define priority drill targets. The Company is actively seeking to secure a drilling rig at present.

ACDC Metals CEO Tom Davidson commented:

“We are pleased to commence work on the ground at the Mount Jackson project so soon after acquisition. Our excitement for the project is reflected in the additional staking now complete, which gives us a strong consolidated position and large scale, and provides room to expand opportunities as we define our targets and understand the project.

Nevada is a highly regarded exploration and mining jurisdiction, where rapid permitting and discovery progress can be made. We are committed to delivering steady results and news flow for existing and new shareholders, as we progress with drill target definition.”

For complete information refer to announcement released to the ASX on 11 May 2026 which can be viewed at www.acdcmetals.com.au.

Important Note - Not financial advice
This video is provided for information purposes only, do not construe as offering financial advice. Consult professional advice before making any investment decisions, ACDC Metals Ltd may not be suitable for your investment needs.

ACDC Metals Limited (ASX: ADC) (ACDC Metals or the Company) is pleased to announce signing of an agreement to earn up to a 100% interest in the Mount Jackson Project within the Walker Lane of Nevada, USA. The Walker Lane is a Tier-1 geological feature with a strong history of mining production, and a high level of exploration and development.

Key Highlights:

• ACDC Metals has secured rights to earn a 100% interest in the Mount Jackson Gold-Silver project in the highly mineralised Walker Lane district, Nevada.
• Total project area including 48 BLM lode mining claims (~3.6 km2), with additional staking underway.
• Multiple prospect areas have been identified across the low sulfidation epithermal gold-silver system, highlighting the broader scale potential of the project. Drill ready targets are present at the Pegasus prospect, where historical drilling returned:
 PC34A: 25.9m @ 1.94 g/t Au from 97m incl. 6.1m @ 7.38 g/t Au from 97m.
 PC21: 21.3m @ 1.34 g/t Au from 61m.
 PC34: 22.9m @ 1.56 g/t Au from 82m.
 PC41: 45.7m @ 0.56 g/t Au from 116m.

• Mount Jackson is proximal to major miners and explorers:
 Round Mountain (Kinross Gold)
 Arthur Gold (AngloGold Ashanti)
 North Bullfrog (AngloGold Ashanti)

• Low upfront cost, with the majority of earn in tied to milestones and expenditure in the ground.

• Strongly supported placement of $0.935 million, undertaken by Lead Manager Cygnet Capital. In addition, a 1:3 Rights Issue will be offered to raise up to $1.56 million.

• ACDC Metals will be well funded to drive exploration in Nevada and development in Victoria.

• Mt Jackson airborne geophysics planned for completion in current quarter. Proposed drilling to commence H2 CY2026.

• Goschen Central Retention Licence application remains in progress.

• Exploration Licence application remains in progress for the White Hills Gold project in Central Victoria.


ACDC Metals CEO Tom Davidson commented:

“Mount Jackson is an exciting new epithermal gold project for ACDC Metals. It is situated in western Nevada, with a very high pedigree for gold, and demonstrates strong historical results with additional drill ready targets. This is the first time the project has come to the ASX, providing ACDC Metals shareholders with exposure to a highly prospective, underexplored system.

We are extremely pleased with the support shown for the placement and look forward to
welcoming the new shareholders to the register. Together with our existing cash reserves, ACDC
Metals is well positioned to undertake and deliver the planned exploration program at the Mount Jackson Project and deliver value creation.

The Mount Jackson project will complement our existing portfolio and will enable the company to continue delivering value to our shareholders.

We remain committed to advancing the Goschen Central Project, as demand for rare earths continues to strengthen. Our focus remains on systematically progressing the project through development milestones, ensuring it is well positioned to respond to favourable market conditions and emerging supply chain opportunities.”

For complete information refer to announcement released to the ASX on 30/4/26 which can be viewed at www.acdcmetals.com.au.

Important Note - Not financial advice
This video is provided for information purposes only, do not construe as offering financial advice. Consult professional advice before making any investment decisions, ACDC Metals Ltd may not be suitable for your investment needs.