Abridged Quarterly Results and Details of Management Conference Call for the three and nine months ended September 30, 2025 ("Q3 2025" or "the Quarter")

Contributing sentiments towards policy:

64% : Notification of change of registered office address In accordance with the requirement under Rule 17 of the AIM Rules for Companies, Caledonia's registered office address has changed to 2 Floor, 2 Mulcaster Street, St. Helier, Jersey JE2 3NJ. FOR MORE INFORMATION, please visit the website www.caledoniamining.com or contact: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
60% : BLANKET MINE (Q3 2025 vs Q3 2024) Production and sales Gold production at Blanket for the Quarter was 19,106 oz, higher than the 18,992 oz produced in Q3 2024.
55% : This decision aligns with applicable exemptions under Canadian securities regulations, including National Instrument 71-102 - Continuous Disclosure and Other Exemptions Relating to Foreign Issuers, and reflects our status as an SEC foreign issuer with equivalent disclosure obligations outside Canada.
55% : Craig James Harvey is a "Qualified Person" as defined by each of (i) the Canadian Securities Administrators' National Instrument 43-101 - Standards of Disclosure for Mineral Projects and (ii) sub-part 1300 of Regulation S-K of the U.S. Securities Act.
54% : * Profit after tax of US$18.7 million (Q3 2024: US$3.3 million, a 467% increase).
52% : Reporting Changes Caledonia no longer publishes financial statements and management's discussion and analysis (MD&A) reports on a quarterly basis in accordance with Canadian securities regulations.
46% : Such factors and assumptions include, but are not limited to: failure to establish estimated resources and reserves, the grade and recovery of ore which is mined varying from estimates, success of future exploration and drilling programs, reliability of drilling, sampling and assay data, assumptions regarding the representativeness of mineralisation being inaccurate, success of planned metallurgical test-work, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, changes in government regulations, legislation and rates of taxation, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and other factors.

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