Predictive Discovery to Rebrand as PDI Gold Limited and Implement 5-for-1 Share Consolidation

Details of Share Consolidation and Voting Schedule

Predictive Discovery has outlined a consolidation plan to reduce the total number of outstanding securities by converting every five shares into one share on an equal basis for all security holders. This 5-for-1 consolidation extends across all security classes, including ordinary shares, options, warrants, deferred share units (DSUs), and performance rights, ensuring fairness and uniformity among investors.

The company has scheduled a General Meeting on 21 August 2026 to obtain shareholder approval for both the proposed name change to PDI Gold Limited and the share consolidation. The board unanimously recommends shareholders vote in favor of these proposals. Post-approval, the restructuring will require final approvals from the TSX and ASX. Detailed information about the approvals and timetable is provided in the accompanying notice of meeting and shareholder letter released alongside this update.

Purpose Behind the 5-for-1 Capital Restructuring

The consolidation aims to decrease the number of outstanding securities and establish a capital and share price structure more appropriate for PDI’s scale and operational maturity. All shareholders will be affected equally, preserving their proportional interests except for minor rounding differences. This ensures equitable treatment across the shareholder base.

This move reflects PDI’s strategic evolution from an emerging producer to a mid-tier West African gold operator. A streamlined capital structure with fewer shares outstanding is intended to enhance share price perception and trading dynamics, particularly appealing to institutional investors with minimum shareholding thresholds. Through this consolidation, PDI signals its progression toward a more mature operational profile aligned with its expanding production and development pipeline.

Operational Progress: Kiniero Gold Mine Production Start

PDI’s portfolio includes two producing mines that generate immediate cash flow and operational momentum. The Kiniero Gold Mine in Guinea began production in late 2025, marking a key milestone. The Nampala Gold Mine in Mali has been operational since 2017. These assets underpin PDI’s current revenue and provide a solid financial foundation for growth and capital projects.

Kiniero plays a central role in PDI’s West African hub strategy, enabling operational synergies with nearby projects. The commencement of production at Kiniero transitions PDI from a single-mine operator to a multi-asset gold producer, diversifying operations geographically and across project stages, which enhances stability and reduces reliance on any single asset.

Bankan Gold Project Nearing Construction Readiness

The Bankan Gold Project in Guinea, one of Africa’s largest undeveloped gold assets, is approaching construction-ready status. It is expected to produce about 250,000 ounces of gold annually over a mine life exceeding 12 years. This tier-1 project is pivotal to PDI’s expansion and growth plans.

Development of Bankan aligns with PDI’s production guidance and long-term value goals. Upon Bankan’s start-up, PDI targets annual gold production surpassing 400,000 ounces by 2029, leveraging operational synergies between Kiniero and Bankan, both located in Guinea. The company emphasizes sustainable portfolio growth to maximize shareholder value while supporting local communities.

Transition to a Mid-Tier West African Gold Producer

Predictive Discovery positions itself at a critical stage, evolving into a mid-tier multi-mine gold producer operating in Guinea and Mali. Its portfolio spans producing mines, advanced development projects, and exploration assets, distinguishing it from junior explorers and aligning it with mid-tier producer standards and investor expectations.

The proposed name change to PDI Gold Limited underscores this strategic shift by highlighting gold production as the company’s core focus. This rebranding complements the capital consolidation, collectively aligning PDI’s public identity with its operational reality as a growing gold producer with significant development assets.

Maintaining the "PDI" Ticker on ASX and TSX

The restructuring maintains the ASX and TSX ticker symbol "PDI," ensuring continuity for investors across both exchanges. PDI’s dual listings on the Australian Securities Exchange and Toronto Venture Exchange provide access to Australian and North American capital markets. Retaining the ticker preserves brand recognition during the name change and capital consolidation process.

Coordinating corporate actions across multiple jurisdictions requires regulatory approvals from both exchanges. The announcement clarifies that the restructuring is subject to these approvals. Neither the Toronto Stock Exchange nor its Regulation Services Provider accepts responsibility for the announcement’s accuracy. Keeping the ticker consistent facilitates seamless trading for investors in both regions.

Production Targets and Project Economics Confirmation

The update references prior production targets disclosed in earlier announcements: the Bankan Project’s targets were detailed in the ASX release on 25 June 2025 titled "Bankan DFS Confirms Outstanding Project Economics," and Kiniero’s targets were outlined in the 22 August 2025 ASX announcement "Amendment to Kiniero Gold Project Technical Report" by Robex. PDI confirms that all material assumptions underlying these targets remain valid and unchanged as of this update.

These targets support investor expectations for PDI’s growth through 2029 and beyond, aiming for over 400,000 ounces of annual gold production by 2029 based on technical studies. While providing confidence in forward guidance, actual results may vary due to operational, market, or unforeseen factors.

Risks and Operational Challenges in West African Gold Mining

PDI’s forward-looking statements involve risks and uncertainties that could cause actual outcomes to differ materially. Operating in West Africa exposes the company to geopolitical, social, and regulatory risks. These include gold price volatility, foreign exchange fluctuations, and economic conditions in Guinea and Mali. Permitting, licensing, and regulatory approvals may affect project timelines and costs.

Additional operational risks include exploration and development uncertainties, the speculative nature of new project production, potential reserve depletion, environmental factors like extreme weather, workforce recruitment and retention challenges, industrial relations issues, and litigation risks. Changes in legal or regulatory frameworks in operating jurisdictions could also impact PDI’s operations and financial results. Investors should consult PDI’s detailed risk disclosures filed on ASX and SEDAR+.

Strategic Intent Behind Simultaneous Rebranding and Capital Restructuring

The concurrent proposals for a name change and capital consolidation reflect PDI’s strategic objective to present itself as a significantly advanced gold producer. Transitioning from exploration and development to a multi-asset operating producer, the rebranding to PDI Gold Limited highlights this evolution, while the 5-for-1 consolidation addresses legacy capital structure issues. Together, these initiatives aim to position PDI favorably for its next growth phase.

The board’s unanimous support signals alignment with shareholder interests and long-term company goals. The timing coincides with operational milestones at Kiniero and progress toward Bankan’s construction readiness, consolidating PDI’s achievements into a refined corporate identity. Shareholders at the 21 August 2026 General Meeting will decide on these proposals, which management believes will enhance PDI’s market profile and operational narrative.