Scheme Update – CAML Shareholder Resolution Passed Bell Potter Engaged to Assist with CREST Accounts
Cygnus Metals Limited
Level 2, 8 Richardson Street, West Perth WA 6005
T: +61 8 6118 1627 E: [email protected] W: www.cygnusmetals.com
ASX: CY5 | TSXV: CYG
OTCQB: CYGGF
6 September 2026 – Toronto, Canada
7 September 2026 – Perth, Western Australia
Scheme Update – CAML Shareholder Resolution Passed
Bell Potter Engaged to Assist with CREST Accounts
Cygnus Metals Limited (ASX: CY5; TSXV: CYG; OTCQB: CYGGF) (“Cygnus” or the “Company”) refers to the
proposed transaction under which Central Asia Metals PLC (AIM: CAML) ( “CAML”) will acquire 100% of the
shares in Cygnus pursuant to a scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth)
(“Scheme”).
Capitalised terms in this announcement that are not otherwise defined have the meanings given to them in the
Scheme Booklet dated 13 August 2026.
CAML Resolution Passed
Cygnus is pleased to announce that at the CAML extraordinary general meeting held on 4 September 2026,
CAML shareholders approved the resolution to allot the New CAML Shares pursuant to the proposed
acquisition of Cygnus. The passing of the resolution is an important milestone for the Scheme, satisfying one
of the conditions required for the Scheme to proceed to implementation.
The Scheme remains subject to the satisfaction (or waiver, where applicable) of the other conditions set out
in the Scheme Implementation Deed. Cygnus will keep the market updated on the progress of the Scheme in
accordance with its continuous disclosure obligations.
Bell Potter Engaged to Assist Eligible Scheme Shareholders with CREST Accounts
Cygnus also announces that, in addition to Morgans, CAML has engaged Bell Potter to provide facilitation
services to Eligible Scheme Shareholders in connection with the Scheme.
As set out in the Scheme Booklet, New CAML Shares will be admitted to trading on AIM and settled through
CREST, a computerised share transfer and settlement system. Not all Australian stockbrokers are able to
execute trades on AIM, and Eligible Scheme Shar eholders who do not otherwise have access to a CREST -
enabled broking account may require assistance to open one and to dematerialise their New CAML Shares
into CREST.
With both Morgans and Bell Potter, Eligible Scheme Shareholders will not incur transaction costs associated
with the opening of new accounts or dematerialisation of New CAML Shares into CREST for a period of
12 months from Implementation of the Scheme.
Eligible Scheme Shareholders whose existing stockbroker is unable to execute trades on AIM, and who wish
to use this service, should contact Bell Potter at [email protected] or Morgans at either
https://morgans.com.au/contact-us or [email protected] for further information. Eligible Scheme
Shareholders wishing to establish a CREST -enabled broking account are encouraged to commence the
account opening process as soon as practicable, as account establishment and CREST onboarding may take
several business days.
If you have any questions about the Scheme, please contact Cygnus' Scheme Information Line on 1300 103
401 (within Australia) or +61 2 9066 4063 (outside Australia) between Monday to Friday (excluding public
holidays) from 8:30am to 5:00pm (AWST). If you are in any doubt about what action you should take, please
consult your broker or financial, taxation, legal or other professional adviser immediately.
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Cygnus Metals Limited 2
Recommendation of the Cygnus Directors
Each of the Cygnus directors recommends that Cygnus shareholders vote, and intends to vote any shares
they own or control, in favour of the Scheme at the Scheme meeting, each in the absence of a superior
proposal and subject to the independent expert continuing to conclude that the Scheme is in the best interests
of Cygnus shareholders.
This announcement is authorised for release by the Board of Cygnus Metals Limited.
David Southam Nicholas Kwong Media:
Executive Chair President & CEO Paul Armstrong
T: +61 8 6118 1627 T: +1 418 748 5076 Read Corporate
E: [email protected] E: [email protected] T: +61 8 9388 1474
About Cygnus Metals
Cygnus Metals Limited (ASX: CY5, TSXV: CYG, OTCQB: CYGGF) is a diversified critical minerals exploration
and development company with projects in Quebec, Canada and Western Australia. The Company is
dedicated to advancing its Chibougamau Copper -Gold Projec t in Quebec with an aggressive exploration
program to drive resource growth and develop a hub- and-spoke operation model with its centralised
processing facility. In addition, Cygnus has quality lithium assets with significant exploration upside in the
world-class James Bay district in Quebec, and REE and base metal projects in Western Australia. The Cygnus
team has a proven track record of turning exploration success into production enterprises and creating
shareholder value.