Issue of Shares and Cleansing Notice

TORONTO and PERTH, Western Australia, March 19, 2026 (GLOBE NEWSWIRE) -- Further to its ASX announcement on 13 March 2026, Cygnus Metals Limited (“Cygnus” or the “Company”) has today issued a total of 156,250,000 fully paid ordinary shares (“Shares”) at an issue price of A$0.16 each under the Placement, raising A$25 million before costs. The Shares were issued pursuant to ASX Listing Rules 7.1 and 7.1A.