Richmond Hill Resources Plc – WRAP Retail Offer for up to £100,000

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA,
SOUTH AFRICA OR JAPAN, OR ANY MEMBER STATE OF THE EEA, OR ANY OTHER JURISDICTION
WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR
BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT
THE END OF THIS ANNOUNCEMENT.

THIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION
21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 («FSMA») AND HAS BEEN APPROVED
BY WINTERFLOOD SECURITIES LIMITED WHICH IS AUTHORISED AND REGULATED BY THE
FINANCIAL CONDUCT AUTHORITY (FRN 141455).

28 January 2026

Richmond Hill Resources Plc

(«Richmond Hill» or the «Company»)

WRAP Retail Offer for up to £100,000

Richmond Hill Resources (AIM:RHR) is pleased to announce a retail offer via the
Winterflood Retail Access Platform («WRAP») to raise up to £100,000 (the «WRAP
Retail Offer») through the issue of new ordinary shares of 0. 1 pence each in
the capital of the Company («Ordinary Shares»).  Under the WRAP Retail Offer up
to 3,846,153 new Ordinary Shares (the «WRAP Retail Offer Shares») will be made
available at a price of 2.6 pence per share.

In addition to the WRAP Retail Offer and as announced on 28 January 2026, the
Company placed 23,077,000 new Ordinary Shares (the «Placing Shares») to raise
approximately £600,000 (before expenses) (the «Placing») at a price of 2.6 pence
per Placing Share (the «Placing Price»). The Placing Price represents a premium
of approximately 6 per cent. to the mid-market closing price of an Ordinary
Share on 27 January 2026 (being the latest practicable date prior to this
announcement). The issue price of the WRAP Retail Offer Shares is equal to the
Placing Price.

A separate announcement has been made regarding the Placing and its terms and
sets out the reasons for the Placing and use of proceeds.  The proceeds of the
WRAP Retail Offer will be utilised in the same way as the proceeds of the
Placing.

For the avoidance of doubt, the WRAP Retail Offer is not part of the Placing.
Completion of the WRAP Retail Offer is conditional, inter alia, upon the
completion of the Placing but completion of the Placing is not conditional on
the completion of the WRAP Retail Offer.

The WRAP Retail Offer and the Placing are conditional on the new Ordinary Shares
being admitted to trading on AIM («Admission»). It is anticipated that Admission
will become effective and that dealings in the new Ordinary Shares will commence
at 7 a.m. on 11 February 2026.

WRAP Retail Offer

The Company values its retail shareholder base and believes that it is
appropriate to provide both new and existing retail shareholders in the United
Kingdom the opportunity to participate in the WRAP Retail Offer.

Therefore, the Company is making the WRAP Retail Offer open to eligible
investors in the United Kingdom, being new or existing shareholders of Richmond
Hill following release of this announcement and through certain financial
intermediaries.

A number of retail platforms are able to access the WRAP Retail Offer. Non
-holders or existing shareholders wishing to subscribe for WRAP Retail Offer
Shares should contact their broker or wealth manager who will confirm if they
are participating in the WRAP Retail Offer.

Retail brokers wishing to participate in the WRAP Retail Offer on behalf of
eligible retail investors, should contact [email protected].

The WRAP Retail Offer is expected to close at 4pm on 30 January 2026. Eligible
retail investors should note that financial intermediaries may have earlier
closing times. The result of the WRAP Retail Offer is expected to be announced
by the Company on or around 2 February 2026.

To be eligible to participate in the WRAP Retail Offer, applicants must be a
customer of a participating intermediary including individuals aged 18 years or
over, companies and other bodies corporate, partnerships, trusts, associations
and other unincorporated organisations.

There is a minimum subscription of £100 per investor under the WRAP Retail
Offer. The terms and conditions on which investors subscribe will be provided by
the relevant financial intermediaries including relevant commission or fee
charges.

The Company reserves the right to amend the size and timings of the retail offer
at its discretion. The Company reserves the right to scale back any order and to
reject any application for subscription under the WRAP Retail Offer without
giving any reason for such rejection.

It is vital to note that once an application for WRAP Retail Offer Shares has
been made and accepted via an intermediary, it cannot be withdrawn.

The WRAP Retail Offer Shares will, when issued, be credited as fully paid, and
have the right to receive all dividends and other distributions declared, made
or paid after their date of issue.

Investors should make their own investigations into the merits of an investment
in the Company. Nothing in this announcement amounts to a recommendation to
invest in the Company or amounts to investment, taxation or legal advice.

It should be noted that a subscription for Ordinary Shares and investment in the
Company carries a number of risks, including the risk that investors may lose
their entire investment. Investors should take independent advice from a person
experienced in advising on investment in securities such as the Ordinary Shares
if they are in any doubt.

An investment in the Company will place capital at risk. The value of
investments, and any income, can go down as well as up, so investors could get
back less than the amount invested.

Neither past performance nor any forecasts should be considered a reliable
indicator of future results.

The WRAP Retail Offer is offered in the United Kingdom under an exception from
prohibitions on offers to the public pursuant to Schedule 1 (Part 1) of The
Public Offers and Admission to Trading Regulations 2024 and under an exemption
from the requirement to publish a prospectus under the FCA’s Prospectus Rules:
Admission to Trading on a Regulated Market sourcebook. The WRAP Retail Offer is
not being made into any jurisdiction other than the United Kingdom.

Richmond Hill Resources +44 (0) 7879 58 4153

Hamish Harris
Clear Capital Limited (Broker) +44 (0) 20 3869 6080

Bob Roberts
Winterflood Retail Access Platform [email protected]

Sophia Bechev, Kaitlan Billings +44(0) 20 3100 0214
Cairn Financial Advisers LLP (Nominated Adviser) +44 (0) 20 7213 0880

Ludovico Lazzaretti / James Western

Further information on the Company can be found on its website at
www.richmondhillresources.com (https://cairnfin.sharepoint.com/Shared%20Documents
/Cairn%20Client%20Files/Current%20Clients/Richmond%20Hill%20Resources/Announcemen
ts/2026/2026-01-28%20WRAP%20Launch/www.richmondhillresources.com)

The Company’s LEI is 2138009XFT53PKLIH113

This announcement should be read in its entirety. In particular, the information
in the «Important Notices» section of the announcement should be read and
understood.

Important Notices

This announcement, which has been prepared by and is the sole responsibility of
the Company has been approved for the purposes of Section 21 of the Financial
Services and Markets Act 2000 («FSMA») by Winterflood Securities Limited
(«Winterflood»), which is authorised and regulated by the Financial Conduct
Authority.

The release, publication or distribution of this announcement may be restricted
by law in certain jurisdictions and persons into whose possession any document
or other information referred to herein comes should inform themselves about and
observe any such restriction. Any failure to comply with these restrictions may
constitute a violation of the securities laws of any such jurisdiction.

This announcement and the information contained herein is not for release,
publication or distribution, directly or indirectly, in whole or in part, in or
into or from the United States (including its territories and possessions, any
state of the United States and the District of Columbia (the «United States» or
«US»)), Australia, Canada, New Zealand, Japan, the Republic of South Africa, any
member state of the EEA or any other jurisdiction where to do so might
constitute a violation of the relevant laws or regulations of such jurisdiction.
This announcement does not constitute an offer to sell or issue or a
solicitation of an offer to buy or subscribe for Ordinary Shares in any such
jurisdiction.

This announcement is not for publication or distribution, directly or
indirectly, in or into the United States of America.  This announcement is not
an offer of securities for sale into the United States.  The securities referred
to herein have not been and will not be registered under the US Securities Act,
and may not be offered or sold in the United States, except pursuant to an
applicable exemption from registration.  No public offering of securities is
being made in the United States.

WRAP is a proprietary technology platform owned and operated by Winterflood
(registered address at Riverbank House, 2 Swan Lane, London EC4R 3GA; FRN
141455). Winterflood is authorised and regulated in the United Kingdom by the
Financial Conduct Authority, is acting exclusively for the Company and for no
-one else and will not regard any other person (whether or not a recipient of
this announcement) as its client in relation to the WRAP Retail Offer and will
not be responsible to anyone other than the Company for providing the
protections afforded to its clients, nor for providing advice in connection with
the WRAP Retail Offer, Admission and the other arrangements referred to in this
announcement.

The value of Ordinary Shares and the income from them is not guaranteed and can
fall as well as rise due to stock market movements. When you sell your
investment, you may get back less than you originally invested. Figures refer to
past performance and past performance is not a reliable indicator of future
results. Returns may increase or decrease as a result of currency fluctuations.

Certain statements in this announcement may constitute forward-looking
statements which are based on the Company’s expectations, intentions and
projections regarding its future performance, anticipated events or trends and
other matters that are not historical facts. These forward-looking statements,
which may use words such as «aim», «anticipate», «believe», «intend»,
«estimate», «expect» and words of similar meaning, include all matters that are
not historical facts. These forward-looking statements involve risks,
assumptions and uncertainties that could cause the actual results of operations,
financial condition, liquidity and dividend policy and the development of the
industries in which the Company’s businesses operate to differ materially from
the impression created by the forward-looking statements. These statements are
not guarantees of future performance and are subject to known and unknown risks,
uncertainties and other factors that could cause actual results to differ
materially from those expressed or implied by such forward-looking statements.
Given those risks and uncertainties, prospective investors are cautioned not to
place undue reliance on forward-looking statements.

These forward-looking statements speak only as at the date of this announcement
and cannot be relied upon as a guide to future performance. The Company and
Winterflood expressly disclaim any obligation or undertaking to update or revise
any forward-looking statements contained herein to reflect actual results or any
change in the assumptions, conditions or circumstances on which any such
statements are based unless required to do so by the FCA, the London Stock
Exchange or applicable law.

The information in this announcement is for background purposes only and does
not purport to be full or complete. None of Winterflood or any of its
affiliates, accepts any responsibility or liability whatsoever for, or makes any
representation or warranty, express or implied, as to this announcement,
including the truth, accuracy or completeness of the information in this
announcement (or whether any information has been omitted from the announcement)
or any other information relating to the Company or associated companies,
whether written, oral or in a visual or electronic form, and howsoever
transmitted or made available or for any loss howsoever arising from any use of
the announcement or its contents or otherwise arising in connection therewith.
Winterflood and its affiliates, accordingly disclaim all and any liability
whether arising in tort, contract or otherwise which they might otherwise be
found to have in respect of this announcement or its contents or otherwise
arising in connection therewith.

Any indication in this announcement of the price at which the Ordinary Share
have been bought or sold in the past cannot be relied upon as a guide to future
performance. Persons needing advice should consult an independent financial
adviser. No statement in this announcement is intended to be a profit forecast
and no statement in this announcement should be interpreted to mean that
earnings or target dividend per share of the Company for the current or future
financial years would necessarily match or exceed the historical published
earnings or dividends per share of the Company.

Neither the content of the Company’s website (or any other website) nor the
content of any website accessible from hyperlinks on the Company’s website (or
any other website) is incorporated into or forms part of this announcement. The
Ordinary Shares to be issued or sold pursuant to the WRAP Retail Offer will not
be admitted to trading on any stock exchange other than the London Stock
Exchange.

Cairn Financial Advisers LLP («Cairn»), which is authorised and regulated by the
FCA in the United Kingdom, is acting as Nominated Adviser to the Company. Cairn
has not authorised the contents of, or any part of, this announcement, and no
liability whatsoever is accepted by Cairn for the accuracy of any information or
opinions contained in this announcement or for the omission of any material
information. The responsibilities of Cairn as the Company’s Nominated Adviser
under the AIM Rules for Companies and the AIM Rules for Nominated Advisers are
owed solely to London Stock Exchange plc and are not owed to the Company or to
any director or shareholder of the Company or any other person, in respect of
its decision to acquire shares in the capital of the Company in reliance on any
part of this announcement, or otherwise.

Clear Capital Markets Limited («Clear Capital») is authorised and regulated by
the FCA in the United Kingdom. Clear Capital is acting solely as broker
exclusively for the Company and no one else in connection with the Placing and
will not regard any other person (whether or not a recipient of this
announcement) as its client in relation to the Placing or the contents of this
announcement nor will it be responsible to anyone other than the Company for
providing the protections afforded to its clients or for providing advice in
relation to the contents of this announcement. Apart from the responsibilities
and liabilities, if any, which may be imposed on Clear Capital by FSMA or the
regulatory regime established thereunder, Clear Capital accepts no
responsibility whatsoever, and makes no representation or warranty, express or
implied, for the WRAP Retail Offer or the contents of this announcement
including its accuracy, completeness or verification or for any other statement
made or purported to be made by it, or on behalf of it, the Company or any other
person, in connection with the Company and the contents of this announcement,
whether as to the past or the future. Clear Capital accordingly disclaims all
and any liability whatsoever, whether arising in tort, contract or otherwise
(save as referred to above), which it might otherwise have in respect of the
contents of this announcement or any such statement.

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