Mr. Jon Harris reports

PAMBILI ANNOUNCES SHARES-FOR-DEBT APPLICATION APPROVED

In a news release issued on June 5, 2025, Pambili Natural Resources Corp. stated it had previously obtained disinterested shareholder approval to convert insider debt to shares at seven cents per share and, under the terms of the debt settlement agreements, all creditors will settle their debt at 50 cents on the dollar.

The company further confirms that participation by those insiders (as such term is defined under the policies of the exchange) in the settlement constitutes a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company has relied on exemptions from the formal valuation and minority shareholder approval requirements provided under subsections 5.5(a) and 5.7(a) of MI 61-101 on the basis that participation in the settlement by insiders will not exceed 25 per cent of the fair market value of the company's market capitalization.

Following this clarification, the company is pleased to announce that the TSX Venture Exchange has approved the settlement for an aggregate total of $404,453. Accordingly, Pambili has issued 5,777,903 new shares to the creditors, bringing the total number of shares in issue to 60,576,261.

Under the terms of the exchange, the shares issued in settlement will be subject to a statutory four-month-and-one-day-hold.

About Pambili Natural Resources Corp.

Pambili Natural Resources is a natural resources exploration and development company currently active in Zimbabwe.

We seek Safe Harbor.