공고 • Jul 15
One Bullion Completes Vumba Geophysical Survey and Secures Fully Funded Maiden Diamond Drill Program One Bullion Ltd. has achieved several key milestones, including the completion of geophysical surveying at Vumba, continued advancement of exploration at Maitengwe, and the full funding of its inaugural drill campaign, which is scheduled to commence August 2026. Completed the high-resolution geophysical survey at the Vumba Gold Project, an important milestone in advancing one of Botswana’s underexplored greenstone belts. Geophysical survey at the Maitengwe Gold Project approximately 40% complete and progressing as planned. Executed a diamond drilling contract with Mindea Exploration and Drilling Services (Pty) Ltd. for the initial phase of drilling in Botswana, with mobilization expected by August 2026. Maiden program of approximately 3,000 meters of HQ diamond drilling scheduled to commence in August 2026. Entire ~3,000-meter drill program fully funded. Newly acquired geophysical data being integrated with the Company’s extensive historical geological, geochemical and structural datasets to refine and prioritize drill targets. The Company has successfully completed its high-resolution geophysical survey at the Vumba Gold Project, marking an important milestone in advancing one of Botswana’s underexplored greenstone belts. Geophysical surveys of this nature help to map stratigraphy and structures, delineating potential mineralized targets that are either not evident at surface, or where surface expression is too obscured by cover to identify trends. This enables more accurate drill targeting and improving the probability of exploration success. At the Maitengwe Gold Project, geophysical surveying is progressing well, with approximately 40% of the program now completed. Data acquisition continues as planned, and the Company expects the survey to provide valuable information to refine and prioritize drill targets across the project. As geophysical data is received, One Bullion’s technical team, including interpretation and insights from Campbell & Walker Geophysics, has begun processing and interpreting the magnetic data for integration into the Company’s extensive historical geological datasets. This work is expected to further enhance target definition ahead of future drilling campaigns across both project areas. In preparation for drilling, the Company has executed a drilling contract with Mindea Exploration and Drilling Services (Pty) Ltd. to conduct the initial phase of diamond drilling in Botswana. Under the agreement, mobilization is expected to begin by August 2026, with drilling commencing shortly thereafter. The inaugural program will consist of approximately 3,000 meters of HQ diamond drilling, scheduled to commence in August 2026. HQ-diameter core has been selected to maximize core recovery, geological logging quality and structural interpretation, providing the technical team with high-quality samples for geological, geotechnical and future metallurgical evaluation. Importantly, the entire 3,000 meter drill program is fully funded, allowing the Company to execute the campaign without requiring additional financing. The Company’s exploration strategy continues to focus on systematically advancing its highly prospective land package through modern exploration techniques, disciplined target generation and phased drilling programs designed to maximize discovery potential. Further updates will be provided as the company’s exploration program advances. The scientific and technical information contained in this news release has been reviewed and approved by Rory Kutluoglu, P.Geo., a “Qualified Person” as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, who is independent of One Bullion. New Risk • Jul 12
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$4.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.5m free cash flow). Shares are highly illiquid. Shareholders have been substantially diluted in the past year (over 31x increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€3.42m market cap, or US$3.90m). Minor Risk Significant insider selling over the past 3 months (€93k sold). 공고 • Jul 01
One Bullion Ltd. Announces Resignation of Sheldon Inwentash as Director, Effective June 29, 2026 One Bullion Ltd. announced that Sheldon Inwentash resigned as a director of the Company, effective June 29, 2026. Mr. Inwentash served as a founding director and officer of the Company and was instrumental in stewarding One Bullion through its initial fundraising and organizational stages. 
