Announcement PDF ASX Announcement | 16 March 2026 Variscan Mines Limited (ASX:VAR) SUPREME COURT ORDERS GRANTED Variscan Mines Limited (ASX:VAR) (“Variscan” or “the Company”) advises that, further to its announcement of 9 March 2026 entitled “Cleansing Notice under Section 708A(5)(e) of the Corporations Act” that on Friday, 13 March 2026 the Application to the Supreme Court of Western Australia was heard to rectify the non-issue of a cleansing notice for the issue of 117,428,656 ordinary fully paid shares on 13 August 2025. (the Share Issue) Through an administrative oversight, a cleansing notice under section 708A(5)(e) of the Corporations Act (Cth) was not given to ASX within 5 business days in respect of the Share Issue. The oversight was identified and reported to ASIC and a cleansing notice was subsequently issued on 9 March 2026. The Company is pleased to confirm that at the hearing on 13 March 2026, the Court made the orders sought by the Company. A copy of the Court orders are attached to this announcement. The Company anticipates that trading of its securities will recommence on Monday 16 March 2026. As a consequence of the late lodgment of the cleansing notice, the Company has undertaken a review of its policies and procedures to ensure it complies with its obligations moving forward. ENDS To ask questions directly to the Variscan management team and access media content, visit our interactive investor website at: https://variscan.com.au/s/aa7e61 This ASX announcement has been approved by the Board and authorised for issue by Mr Stewart Dickson, Managing Director and CEO, Variscan Mines Limited For further information, please contact: Variscan Mines Limited (ASX:VAR) Stewart Dickson Managing Director & CEO E: stewart.dickson@variscan.com.au T: +44 (0) 7799 694195 Media & Investor Enquiries Jane Morgan Management Chloe Hayes / Jane Morgan E: chloe@janemorganmanagement.com.au / jm@janemorganmanagement.com.au P: + 61 (0) 458619317/ +61 (0) 405 555 618 2 About Variscan Mines Limited (ASX:VAR) For more information Follow us on LinkedIn Follow us on Twitter Visit our investor website: www.variscan.com.au We encourage all investors to share questions on this announcement via our interactive investor hub Or scan the QR code. Subscribe to our news alert service: https://variscan.com.au/s/8d46e7 IN THE SUPREME COURT OF WESTERN AUSTRALIA COR/27/2026 EX PARTE: VARISCAN MINES LIMITED (ACN 003 254 395) First Plaintiff _____________________________________________________________________ ORDERS OF JUSTICE HILL MADE ON 13 MARCH 2026 _____________________________________________________________________ UPON THE APPLICATION of the plaintiff by originating process dated 9 March 2026, AND UPON HEARING M Holler, of counsel for the plaintiff, IT IS ORDERED that: 1. Pursuant to s 1322(4)(d) of the Corporations Act 2001 (Cth) (Corporations Act), in respect of the 117,428,656 ordinary fully paid shares in the Plaintiff, which were issued on 13 August 2025 (Shares) the period of five business days referred to in s 708A(6)(a) of the Corporations Act be extended to 9 March 2026. 2. Pursuant to s 1322(4)(a) of the Corporations Act, it is declared that the notice under s 708A(5)(e) of the Corporations Act given to the Australian Securities Exchange Limited (ASX) on 9 March 2026 in respect of the Shares be deemed to take effect as if it had been given to the ASX on the date of issue of the Shares. 3. Pursuant to s 1322(4)(a) of the Corporations Act, it is declared that any offer for sale or sale of the Shares during the period after their issue to the date of these orders is not invalid by reason of: (a) the failure of the Plaintiff to issue a notice under sections 708A(5)(e) and 708A(6) and of the Corporations Act or to issue a prospectus under section 708A(11) of the Corporations Act to exempt the sellers from the obligation of disclosure under the Corporations Act; and (b) (b) the sellers' consequent failure to comply with sections 707(3) and 727(1) of the Corporations Act. 4. A sealed copy of these orders is to be served on the Australian Securities and Investments Commission (ASIC) as soon as reasonably practicable. 5. A copy of these orders is to be given to each person to whom the Shares were issued and as soon as reasonably practicable the Plaintiff is to publish an announcement to ASX in which a copy of these orders is included. 6. The Plaintiff shall publish a copy of these orders on its website as soon as reasonably practicable. 7. For a period of 28 days from the publication of the ASX announcement in accordance with order 5, any person who claims to have suffered substantial injustice or is likely to suffer substantial injustice by the making of any or all of these orders has liberty to apply to vary or to discharge them. 8. There be no order as to costs. BY THE COURT THE HONOURABLE JUSTICE J HILL