Announcement PDF ASX code:GG1 Contact: Quentin Hill – Managing Director Web: greengoldminerals.com.au Email: qhill@greengoldminerals.com 1 GREEN & GOLD MINERALS Magmatic Hosted Heavy Rare Earths Discovered at Nutgrove ➢ Rock chip assays at Nutgrove return: o 2230 ppm heavy rare earth yttrium oxide (HREYO1) in rhyolite (magmatic) o 1605 ppm HREYO in a basalt breccia clast (secondary / supergene) ➢ Magmatic rare earth elements (REE) mineralisation identified for the first time in spherulitic rhyolite. ➢ Heavy rare earths average 59% of total rare earths across all new assays, confirming that Nutgrove is a heavy rare earth element prospect (HREE). ➢ Continued evidence of mobility of REEs in weathering, supporting the potential for supergene mineralisation. ➢ REE anomalism is now confirmed over a 3km x 4km area. Rock chip sampling was conducted during December 2025 and January 2026 and has returned strongly anomalous heavy rare earth element assays over a broad area within the Nutgrove breccia complex. Magmatic Heavy Rare Earths Discovery A rock chip sample of spherulitic rhyolite collected during the recent field program has returned an assay result of 2,230 ppm HREYO. This represents the highest assay recorded to date from primary magmatic REE mineralisation at the Nutgrove Project. The sample has been submitted for detailed petrographic analysis to confirm mineralogy and further assess its origin. The spherulitic rhyolite sample (GG1RK1011), which returned 2,230 ppm HREYO, is located several hundred metres east of previously reported high-grade rock chip results. This spatial separation highlights the potential scale and broader prospectivity of the Nutgrove complex. Managing Director Quentin Hill commented: “It is important to have detected the potential hard rock source of the rare earths at the Nutgrove complex. We have now identified potential for both magmatic rare earths and secondary supergene mineralisation. We look forward to conducting further mapping and sampling of the rhyolite, including the spherulitic phase, to assess the potential for scale, continuity and upgrading of this mineralisation.” GREEN & GOLD MINERALS LTD ASX Announcement 3 March 2026 1. HREYO includes: Dy2O3, Er2O3, Gd2O3, Ho2O3, Lu2O3, Tb4O7, Tm2O3, Y2O3, Yb2O3 ASX code:GG1 Contact: Quentin Hill – Managing Director Web: greengoldminerals.com.au Email: qhill@greengoldminerals.com 2 GREEN & GOLD MINERALS Figure 1 Spherulitic rhyolite (sample GG1RK1011) which assayed 2230 ppm HREYO and is interpreted to be magmatic REE mineralisation. Secondary (Supergene) Rare Earths Rock chip sampling of basalt-hosted secondary (supergene) mineralisation has returned further elevated assay results of up to 1,605 ppm HREYO. Reconnaissance sampling undertaken prior to the Company’s IPO2 identified values of up to 1.1% HREYO from comparable basalt-hosted secondary mineralisation. Heavy rare earth supergene minerals, including churchite and xenotime, have previously been identified within basalt clasts in the Nutgrove breccia. The occurrence of these minerals indicates that REEs have been mobilised, most likely through weathering and/or hydrothermal processes. Such mobility is considered a positive indicator for the potential development of supergene and/or ionic clay-hosted REE mineralisation. 2 GG1 Prospectus https://www.greengoldminerals.com.au/investors/asx-announcements/. ASX code:GG1 Contact: Quentin Hill – Managing Director Web: greengoldminerals.com.au Email: qhill@greengoldminerals.com 3 GREEN & GOLD MINERALS Figure 2 Left: basalt clast from within a polymict breccia containing secondary (supergene) heavy rare earth minerals churchite and xenotime: sample collected in 2023. Right: reflected light microscope photo of churchite in a void within a vesicular basalt breccia clast from the same sample. The Nutgrove Complex The Nutgrove Complex comprises an approximately 4 km by 3 km area of breccias and Cenozoic rhyolite flows characterised by a prominent radiometric signature. Cenozoic intrusive systems along the east coast of Australia are recognised hosts to magmatic REE mineralisation. A notable example is the Toongi deposit near Dubbo, NSW, which hosts a Measured and Inferred JORC Resource of 74 Mt at 0.74% TREO, 0.14% Y₂O₃, 1.89% ZrO₂, 0.04% HfO₂, 0.44% Nb₂O₅ and 0.03% Ta₂O₅3. Geologically, the Nutgrove Complex is interpreted as a diatreme breccia system approximately 4 km by 3 km in extent, comprising breccias and layered pyroclastic units associated with rhyolitic intrusives. The breccias are overlain by late-stage, flow-banded rhyolite that forms local topographic highs. The Nutgrove breccia complex coincides with a total count radiometric anomaly, appearing white on ternary radiometric imagery (Figure 5 – left). The overlying flow- banded rhyolite was observed in the field to be strongly magnetic and corresponds with magnetic highs on the Total Magnetic Intensity (TMI) image (Figure 5 – right). In contrast, the breccias, despite containing a significant rhyolite component, are generally demagnetised and correlate with magnetic lows on the TMI image. The project is located 50km north of Toowoomba, in south east Queensland. 3 Resources & Reserves - Australian Strategic Materials Ltd (ASM) Figure 3 Nutgrove location plan ASX code:GG1 Contact: Quentin Hill – Managing Director Web: greengoldminerals.com.au Email: qhill@greengoldminerals.com 4 GREEN & GOLD MINERALS Figure 4 Rock chip assays over satellite image. HREYO includes: Dy2O3, Er2O3, Gd2O3, Ho2O3, Lu2O3, Tb4O7, Tm2O3, Y2O3, Yb2O3 (GDA 2020, Zone 56) Figure 5 Left: rock chips over ternary radiometric. The prospective Nutgrove breccia complex corresponds with a total count radiometric anomaly (white). Right: rock chips over TMI magnetics. HREYO includes Dy2O3, Er2O3, Gd2O3, Ho2O3, Lu2O3, Tb4O7, Tm2O3, Y2O3, Yb2O3 (GDA 2020, Zone 56) ASX code:GG1 Contact: Quentin Hill – Managing Director Web: greengoldminerals.com.au Email: qhill@greengoldminerals.com 5 GREEN & GOLD MINERALS Breccias typically comprise clasts of rhyolite and vesicular basalt, with occasional basement gneiss fragments, set within a fine-grained matrix of milled rhyolite (Figure 6). The rhyolite phase is anomalous in heavy rare earth elements (HREEs) throughout the Nutgrove Complex. The Nutgrove breccia is locally strongly altered, with mobile elements removed and skeletal silica textures preserved. Figure 6 Left: Pyroclastic breccia assaying 405 ppm HREYO (sample GGN2601). Right: Polymict milled breccia of basement gneiss & amphibolite, vesicular basalt and rhyolite (not sampled). GG1 was granted the Nutgrove tenement in 2023 as part of a broader tenement application strategy targeting magmatic rare earths. The Nutgrove complex had not been explored for REEs prior to GG1’s involvement. Reconnaissance rock chip sampling completed prior to IPO returned assays of up to 1.4% TREYO, confirming the prospectivity of the complex. Nutgrove remains at an early stage of exploration. Next Steps An update to the mineral resource estimate is underway at the Chillagoe Gold Project. Drilling at the Chillagoe Gold Project is scheduled to commence in late April / May 2026. Drill site identification at the Herberton Mineral Field project is planned to commence subject to approval of the acquisition at an EGM scheduled for late March 2026. On ground investigations will resume at Nutgrove from April 2026 after petrographic results for sample GG1RK1011 are received. This announcement was approved for release by the board of Green & Gold Minerals Ltd. ASX code:GG1 Contact: Quentin Hill – Managing Director Web: greengoldminerals.com.au Email: qhill@greengoldminerals.com 6 GREEN & GOLD MINERALS Rock Chip Assays: Blue shaded columns represent elements used to calculate HREO+Y. Coordinates in UTM GDA2020, zone 56. Sample Easting Northing Description TREYO HREYO HREYO CeO2 Dy2O3 Er2O3 Eu2O3 Gd2O3 Ho2O3 La2O3 Lu2O3 Nd2O3 Pr6O11 Sm2O3 Tb4O7 Tm2O3 Y2O3 Yb2O3 Ga2O3 ppm ppm % ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm GG1 RK1001 374607 7005650 Basalt clast in breccia 263 78 30% 86 8 4 3 10 1 33 0 43 10 10 2 0 49 3 22 GG1 RK1002 374626 7005836 Basalt clast in breccia 365 137 38% 102 13 7 4 15 3 40 1 55 13 15 2 1 88 6 24 GG1 RK1003 374570 7005805 Basalt clast in breccia 524 233 45% 126 22 12 4 23 4 48 2 75 17 21 4 1 155 10 25 GG1 RK1004 374472 7005849 Clastic 326 216 66% 50 20 12 1 15 4 14 2 27 6 11 3 2 145 14 39 GG1 RK1005 374439 7005947 Andesite clast in breccia 2,931 1,605 55% 195 253 112 8 312 41 119 19 534 92 379 51 18 653 145 27 GG1 RK1006 374257 7006043 Basalt clast in breccia 441 199 45% 98 20 11 4 22 4 39 1 65 14 22 4 2 124 10 24 GG1 RK1007 374262 7006056 Basalt clast in breccia 473 175 37% 129 18 9 5 18 3 55 1 73 17 18 3 1 113 8 25 GG1 RK1008 374205 7006020 Volcanoclastic 353 274 78% 28 25 16 0 19 5 5 3 24 5 16 4 3 182 18 54 GG1 RK1009 374330 7005718 Layered obsidian 389 317 82% 32 24 17 0 16 5 6 3 18 4 11 4 3 227 19 52 GG1 RK1010 374331 7005674 Breccia 640 233 36% 181 23 12 7 25 5 70 1 101 24 24 4 2 151 10 23 GG1 RK1011 374856 7005117 Spherulitic Rhyolite 3,298 2,230 68% 733 192 137 1 107 41 62 23 154 36 83 27 22 1,516 165 53 GG1 RK1012 374861 7005118 Obsidian in clastic 652 402 62% 36 41 21 0 39 7 52 3 98 24 40 7 3 259 22 49 GG1 RK1013 374936 7005116 Obsidian 407 320 79% 27 27 18 - 19 6 9 3 28 7 16 4 3 219 21 49 GG1 RK1014 374752 7005148 Fine white clastic 374 276 74% 43 22 15 0 15 4 12 3 26 6 12 3 2 193 18 48 GGN2601 374873 7005859 Coarse Volcanoclastic 500 405 81% 32 33 23 0 23 7 18 3 26 6 12 5 3 285 23 49 GGN2602 374925 7005873 Altered rhyolite 145 101 70% 16 11 8 - 7 2 8 1 12 3 6 2 1 61 8 48 GGN2603 375319 7005846 Clastic of rhyolite 163 128 78% 15 11 8 0 8 3 6 1 8 2 4 2 1 85 9 62 GGN2604 375564 7005947 Obsidian, iron stained 143 103 72% 16 9 6 - 7 2 6 1 10 3 5 1 1 68 8 53 GGN2605 375914 7006882 Soft altered breccia 285 191 67% 39 16 11 0 14 4 15 2 24 6 9 3 2 127 12 45 GGN2606 375986 7006943 Polymict breccia 468 144 31% 137 16 8 5 18 3 66 1 77 20 19 3 1 87 7 28 GGN2607 375894 7006974 Breccia matrix 298 190 64% 46 16 11 1 14 4 18 2 27 7 11 3 2 127 12 38 GGN2608 375852 7007013 Breccia 285 187 65% 41 16 11 0 13 4 16 1 25 6 10 3 2 124 12 38 GGN2609 375997 7007325 Basaltic breccia 274 77 28% 85 9 5 4 11 2 38 0 48 11 12 2 1 45 4 27 GGN2610 376342 7007073 Polymict breccia 393 280 71% 44 24 17 0 18 5 17 2 30 7 14 4 3 190 17 46 GGN2611 376345 7007072 Obsidian cut by thin veins 310 211 68% 39 18 13 - 15 4 16 2 27 7 10 3 2 140 14 48 GGN2612 376345 7007072 Obsidian cut by thin veins 360 257 71% 43 22 16 - 16 5 16 2 27 7 12 4 2 172 17 49 GGN2613 376036 7007303 Soil in road cutting 181 57 31% 55 6 4 2 6 1 27 1 27 7 6 1 0 35 4 17 ASX code:GG1 Contact: Quentin Hill – Managing Director Web: greengoldminerals.com.au Email: qhill@greengoldminerals.com 7 GREEN & GOLD MINERALS About the Chillagoe Gold Project: The Chillagoe Gold Project is located 25km northwest of Chillagoe in north Queensland adjacent to the significant Red Dome and Mungana gold deposits. The project contains an inferred JORC Resource1 of 32koz Au and 387koz Ag at 1.1g/t Au and 13 g/t Ag within granted mining leases at Wandoo. Drilling at Mt Wandoo recently returned strong drill results and the deposit remains open along strike and at depth. The Company has a dual focus of extending the Wandoo resource in preparation for mining studies, while exploring for new discoveries in the Mungana porphyry cluster. About the Herberton Mineral Field Project (acquisition subject to shareholder approval): The project is situated in a prolific historic mining area located 100km west of Cairns, QLD. The project lies within the Cu-Ag-Sn-In dominant zone, elements that are leveraged to future facing electrification and AI data centre metal demand. The tenements are unexplored in the modern era and have high discovery potential. The Company plans to emulate the success of neighbouring explorers that have recently delineated large resources from the prolific mineral occurrences found across this region. ASX code:GG1 Contact: Quentin Hill – Managing Director Web: greengoldminerals.com.au Email: qhill@greengoldminerals.com 8 GREEN & GOLD MINERALS COMPETENT PERSON’S STATEMENT The information in this Announcement that relates to Exploration Targets and Exploration Results is based upon work undertaken by Mr Quentin Hill who is a Member of the Australasian Institute of Geoscientists (AIG). Mr Hill has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a ‘Competent Person’ as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (JORC Code). Mr Hill is an employee of Green & Gold Minerals and consents to the inclusion in the report of the matters based on their information in the form and context in which it appears. The information that relates to Mineral Resources was previously reported by the Company in its Prospectus, a copy of which is available on the Company’s website at https://www.greengoldminerals.com.au/investors/asx-announcements/. The Company is not aware of any new information or data that materially affects the information included in this announcement and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not material changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement. JORC Table 1 Section 1 Sampling Techniques and Data Criteria JORC Code explanation Commentary Sampling techniques • Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the Public Report. • In cases where ‘industry standard’ work has been done this would be relatively simple. Rock chip samples were taken as point measurements and are not representative of the average grade of mineralisation. Drilling techniques • Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face- sampling bit or other type, whether core is oriented and if so, by what method, etc). No drilling has been conducted. Drill sample recovery • Method of recording and assessing core and chip sample recoveries and results assessed. • Measures taken to maximise sample recovery and ensure representative nature of the samples. • Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. N/A Logging • Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. N/A ASX code:GG1 Contact: Quentin Hill – Managing Director Web: greengoldminerals.com.au Email: qhill@greengoldminerals.com 9 GREEN & GOLD MINERALS Criteria JORC Code explanation Commentary • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. • The total length and percentage of the relevant intersections logged. Sub-sampling techniques and sample preparation • If core, whether cut or sawn and whether quarter, half or all core taken. • If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. • For all sample types, the nature, quality and appropriateness of the sample preparation technique. • Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. • Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. • Whether sample sizes are appropriate to the grain size of the material being sampled. Rock chip samples were pulverised at the lab and a subsample was split for assay using industry standard procedures. Quality of assay data and laboratory tests • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. • For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. • Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established. Assays were conducted by Intertek using FB6 fusion assay, considered to be a total assay for rare earth elements. Control standards were inserted in the assay batch by Intertek. No failed standards were reported. Verification of sampling and assaying • The verification of significant intersections by either independent or alternative company personnel. • The use of twinned holes. • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. No external verification of assays has been conducted. The results are consistent with previous assay results. Lab inserted QAQC standards were within acceptable variability limits. Location of data points • Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. • Specification of the grid system used. • Quality and adequacy of topographic control. Sample point locations were recorded by hand held GPS, which has accuracy of approximately +/- 5m in both easting and northing. Data spacing and distribution • Data spacing for reporting of Exploration Results. • Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. • Whether sample compositing has been applied. The distribution of sample points was related primarily to accessibility and are not representative of the abundance of any rock type or feature. Rock chip data will not be used for the estimation of resources. Further mapping and sampling work is required to determine the continuity and grade of various rock types. Orientation of data in relation to geological structure • Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. • If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this The orientation and thickness of the geological formations sampled are currently unknown. ASX code:GG1 Contact: Quentin Hill – Managing Director Web: greengoldminerals.com.au Email: qhill@greengoldminerals.com 10 GREEN & GOLD MINERALS Criteria JORC Code explanation Commentary should be assessed and reported if material. Sample security • The measures taken to ensure sample security. Samples were couriered to the lab via commercial courier. There were no security breaches detected. Audits or reviews • The results of any audits or reviews of sampling techniques and data. No audits have been undertaken. Section 2 Reporting of Exploration Results Criteria JORC Code explanation Commentary Mineral tenement and land tenure status • Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. • The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. Results are reported from solely within EPM28000. This tenement is 100% held by Green & Gold Minerals Ltd. There are no royalties or joint venture agreements in place. The tenement is in good standing with regard to meeting exploration commitments and reporting. The ability to operate is subject to customary landholder and cultural heritage notification and permission processes. Exploration done by other parties • Acknowledgment and appraisal of exploration by other parties. GG1 is not aware of any prior exploration for rare earths within EPM28000. Geology • Deposit type, geological setting and style of mineralisation. The Nutgrove complex is a Cenozoic intrusive complex consisting of diatreme breccias overlain in part by flow banded rhyolite. See the body of the announcement for further geological context. Drill hole Information • A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: o easting and northing of the drill hole collar o elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar o dip and azimuth of the hole o down hole length and interception depth o hole length. N/A Data aggregation methods • In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated. • Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. • The assumptions used for any reporting of metal equivalent values should be clearly stated. HREYO is reported inclusive of: Dy2O3, Er2O3, Gd2O3, Ho2O3, Lu2O3, Tb4O7, Tm2O3, Y2O3, Yb2O3 Conversion factors used to convert to oxide: Relationship between mineralisation widths and intercept lengths • These relationships are particularly important in the reporting of Exploration Results. • If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. • If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length, true width not known’). N/A Diagrams • Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should A map of the location of rock chip results is provided in the body of the announcement. ASX code:GG1 Contact: Quentin Hill – Managing Director Web: greengoldminerals.com.au Email: qhill@greengoldminerals.com 11 GREEN & GOLD MINERALS Criteria JORC Code explanation Commentary include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. Balanced reporting • Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. All new rock chip assay results are reported in this announcement. All rock chip assay results are shown on maps in this announcement. Other substantive exploration data • Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. Nil Further work • The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling). • Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive. Further work will assess the distribution and grade of the prospective spherulitic rhyolite phase.