Announcement PDF 26th February 2026 Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 www.exultantmining.com.au COMMENCEMENT OF INDUCED POLARISATION AND GRAVITY SURVEYS AT THE PEAK VIEW PROSPECT HIGHLIGHTS  IP and ground gravity surveys commenced at the Peak View Prospect to test a 900m-long mul -element Cu–Pb–Zn–Ag–Au soil anomaly  Dipole–dipole IP survey (4 x 1.6km lines) and 136-sta on gravity survey now underway  Surveys designed to detect chargeable and density anomalies associated with poten al VMS mineralisa on  Results will refine priority drill targets ahead of planned late Q1 drilling Exultant Mining Limited (ASX: 10X) (“Exultant” or “the Company”) is pleased to advise that that induced polarisa on (IP) and ground gravity surveys have now commenced at the Peak View Prospect, marking the next stage of work following the strong soil geochemical results announced earlier this month. Comment from Execu ve Chairman, Bre Grosvenor: "Following the strong soil geochemical results announced earlier this month, we have moved quickly to get geophysical crews on site and commence IP and gravity surveys across the 900-metre-long anomaly at Peak View. These surveys were always the logical next step in advancing this system toward drilling, and it’s pleasing to see that work now underway. Importantly, we are tes ng the anomaly with modern techniques that have never previously been applied across large por ons of this prospec ve volcanic horizon. By integra ng the geophysical data with the robust surface geochemistry already defined, we believe we have a genuine opportunity to refine and priori se high-quality drill targets ahead of our planned late Q1 drilling program" PEAK VIEW PROSPECT - GEOPHYSICAL SURVEYS The dipole–dipole IP survey comprises four east–west oriented lines, each 1.6km in length and spaced 200m apart, with a 50m electrode spacing (Fig. 1). The program has been designed to test for chargeable, conduc ve and resis ve anomalies poten ally associated with the 900m-long mul - element Cu–Pb–Zn–Ag–Au soil anomaly recently iden fied at Peak View1 . www.exultantmining.com.au Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 In addi on, a detailed ground gravity survey is being completed over the 900m-long anomaly. The survey comprises 136 sta ons on a 100m x 100m grid (Fig. 2), with infill to 50m x 50m spacing in areas of interest. The gravity survey is designed to detect sub-surface density varia ons that may represent massive sulphide accumula ons or Fe-rich altera on zones commonly associated with volcanic-hosted massive sulphide (VHMS) systems. The integra on of the IP and gravity datasets will assist in refining priority drill targets ahead of a planned late Q1 drilling program at Peak View. Figure 1. Planned dipole–dipole IP survey lines (4 x 1.6km E–W lines, 200m spaced) over mapped geology and the 900m-long Cu-Pb-Zn-Ag-Au soil anomaly (Cu displayed) at the Peak View Prospect www.exultantmining.com.au Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 Figure 2. Planned gravity sta ons (100m x 100m) over mapped geology and the 900m-long Cu-Pb- Zn-Ag-Au soil anomaly (Cu displayed) at the Peak View Prospect NEXT STEPS  Comple on of IP and gravity data acquisi on  Processing and interpreta on of integrated geophysical datasets  Defini on and ranking of priority drill targets  Commencement of planned late Q1 drilling at the Peak View Prospect This announcement has been approved for release by the Chairman of the Board of Directors of the Company. For further informa on on Exultant Mining Limited please contact: Bre Grosvenor Paul Berson Exultant Mining Limited Corporate Story me Execu ve Chairman Investor Rela ons Info@exultantmining.com.au paul@corporatestory me.com Ph: +61 (08) 9481 0389 Ph: +61 (0) 421 647 445 1 - See ASX announcement "Strong Soil Anomalies Deliver High-Priority Targets-PeakView" - 11th February 2026 www.exultantmining.com.au Level 8, 216 St Georges Terrace, Perth, Western Australia 6000 T: +61 (08) 9481 0389 E: info@exultantmining.com.au ACN 684 147 484 Disclaimer Some of the statements appearing in this announcement may be in the nature of forward-looking statements.Youshouldbeawarethatsuchstatementsare only predictionsandaresubjectto inherentrisks and uncertainties. Those risks and uncertainties include factors and risks specific to the industries in which Exultant operates and proposes to operate as well as general economic conditions, prevailing exchange ratesand interest ratesand conditions in the financial markets, amongother things. Actual events or results may differ materially from the events or results expressed or implied in any forward-looking statement. No forward-looking statement is a guarantee or representation as to future performance or any other future matters, which will be influenced by a number of factors and subject to various uncertainties and contingencies, many of which will be outside Exultant’s control. Exultant does not undertake any obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today’s date or to reflect the occurrence of unanticipated events. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions or conclusions contained in this announcement. To the maximum extent permitted by law, none of Exultant, its Directors, employees, advisors or agents, nor any other person, accepts any liability for any loss arising from the use of the information contained in this announcement. You are cautioned not to place undue reliance on any forward-looking statement. The forward-looking statements in this announcement reflect views held only as of the date of this announcement. This announcement is not anoffer, invitationor recommendation to subscribe for or purchase securitiesby Exultant.Nor doesthis announcement constitute investmentor financial product advice (nor tax, accountingor legal advice) and is not intended to be used for the basis of making an investment decision. Investors should obtain their own advice before making any investment decision. Competent Person Statement The information in this announcement that relates to Exploration Results is based on, and fairly represents, information compiled and reviewed by Sebastian Hind. Mr Hind is a senior geologist for Exultant Mining Limited and a Member of the Australasian Institute of Mining and Metallurgy (Membership number 3116971). Mr Hind has sufficient experience which 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 definedinthe2012 Editionof the Australasian Code for ReportingofExplorationResults, Mineral Resources andOreReserves(JORCCode).MrHindconsentstotheinclusioninthisannouncementofthemattersbased on his information in the form and context in which it appears.