Mr. Jon Harris reports

PAMBILI ANNOUNCES C$1-MILLION PRIVATE PLACEMENT

Pambili Natural Resources Corp. will be undertaking a non-brokered private placement of up to 20 million units to raise aggregate gross proceeds of $1-million on the TSX Venture Exchange.

Each unit is offered at five cents, and comprises one common share and one common share purchase warrant, with an exercise price of 10 cents, exercisable for a period of one year from closing of the offering.

The company intends to pay a finder's fee of 5 per cent of the proceeds in units. Other than being non-transferable, each finder's warrant shall otherwise be on the same terms as the warrants. There are no proposed payments to non-arm's-length parties or parties conducting investor relations activities.

The units will be offered pursuant to available prospectus exemptions set out under applicable securities laws and instruments, including National Instrument 45-106, Prospectus Exemptions.

It is expected that certain insiders (as such term is defined under the policies of the exchange) of the company may participate in the offering. The participation by insiders in the offering will constitute a related party transaction within the meaning of Multilateral Instrument 61 101, Protection of Minority Security Holders in Special Transactions. The company intends to rely 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 offering by insiders will not exceed 25 per cent of the fair market value of the company's market capitalization.

The offering may close in one or more tranches, as subscriptions are received. Units issued pursuant to the offering shall be subject to a four-month-plus-one-day hold period commencing on the date of issue under applicable Canadian securities laws. Closing of the offering, which is expected to occur on or about Aug. 31, 2025, will be subject to satisfaction of certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including approval by the exchange.

The proceeds will provide general working capital for business development and will be allocated to:

• Continued development of the company's Golden Valley A1 mining claim (GVM) near Bulawayo, Zimbabwe;
• Completion of due diligence at the London Wall (LW) project near Gwanda, Zimbabwe. Pambili owns an option to purchase LW as previously announced on Nov. 19, 2024. The due diligence at LW is expected to lead to pilot production ahead of potential acquisition of LW.

Jon Harris, chief executive officer of Pambili Natural Resources, commented:

"Given current gold prices and good historic project fundamentals, we are excited about the potential at London Wall. This financing will allow us to rehabilitate the historic east shaft and complete the survey of the old development drives. Our aim is to commence pilot production as soon as possible to enable us to assess the mine's commercial viability."

About Pambili Natural Resources Corp.

Pambili Natural Resources is a natural resources exploration and development company currently developing gold projects in Zimbabwe.

We seek Safe Harbor.