Announcement PDF ASX Announcement | 5 February 2026 Variscan Mines Limited (ASX:VAR) CHANGE IN BOARD COMPOSITION Variscan Mines Limited (ASX:VAR) (“Variscan” or “the Company”) confirms the following changes to its Board of Directors. The Board is pleased to appoint Mr Vaughan (Tom) Kent as a Non-Executive Director, effective immediately. Mr Kent is a significant shareholder and long-term supporter of the Company. An experienced executive and former ASX-listed CEO, Mr Kent has a proven record in operational leadership and corporate transactions. He currently holds several senior directorships and brings over two decades of expertise in risk governance and financial services. His appointment reflects Variscan’s commitment to disciplined strategy and transparent shareholder engagement. Mr Kent holds a BSc in Mathematics and Computer Science from Adelaide University and a Master of Applied Linguistics from Monash University. The Board has received and accepted the resignation of Mr Nicholas Farr-Jones. Mr Farr-Jones has been a Non-Executive Director of the Company since 1 July 2021 and has made a substantive contribution to the Company since that time. The Chair, Mr Tony Wehby commented: “Nick has been an excellent, independent and commercial voice on the VAR Board and I have valued his contribution to our deliberations. As a shareholder, Nick will continue his association with the Company, and I look forward to his inputs. On behalf of the Board and shareholders I express my appreciation for his commitment over the past 5 years and wish him well for the future in his commercial and charitable roles. I am pleased to welcome Tom Kent to the VAR Board. Tom and his associated entities have acquired a substantial shareholding in the Company during the past 12 months and his commitment to VAR will be enhanced by his position as a Director. As I have worked with Tom previously, I am confident that he will make a valuable and independent contribution to the next chapter of growth for Variscan.” An Appendix 3x and 3z are attached. This ASX announcement has been approved by the Board and authorised for issue by Mr Stewart Dickson, Managing Director and CEO, Variscan Mines Limited 2 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 E: chloe@janemorganmanagement.com.au P: +61 (0) 405 555 618 About Variscan Mines Limited (ASX:VAR) For more information We encourage all investors to share questions on this announcement via our interactive investor hub. Or scan the QR code. Follow us on LinkedIn Follow us on X (formerly Twitter) Visit our investor website: www.variscan.com.au Appendix 3X Initial Director’s Interest Notice + See chapter 19 for defined terms. 11/3/2002 Appendix 3X Page 1 Rule 3.19A.1 Appendix 3X Initial Director’s Interest Notice Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public. Introduced 30/9/2001. Name of entity Variscan Mines Limited ABN 16 003 254 395 We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act. Name of Director Vaughan (Tom) Kent Date of appointment 6 February 2026 Part 1 - Director’s relevant interests in securities of which the director is the registered holder In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part. Number & class of securities Options 25,650,685 Unquoted Options exercisable at $0.008 on or before 29 September 2028 Appendix 3X Initial Director’s Interest Notice + See chapter 19 for defined terms. Appendix 3X Page 2 11/3/2002 Part 2 – Director’s relevant interests in securities of which the director is not the registered holder In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest. Mr Vaughan Thales Kent <Vaughan Kent Family A/C> Mr Kent has a beneficial interest in the securities held under this account Spelt Kent Pty Ltd <Spelt Kent Super Fund A/C> Mr Kent has a beneficial interest in the securities held under this account Number & class of Securities Ordinary Shares 102,500,000 Ordinary Shares Ordinary Shares 53,500,000 Ordinary Shares Options 7,000,000 unquoted options exercisable at $0.01 on or before 30 November 2026 5,976,249 unquoted options exercisable at $0.015 on or before 30 November 2026 Part 3 – Director’s interests in contracts Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part. Detail of contract None Nature of interest Name of registered holder (if issued securities) No. and class of securities to which interest relates Appendix 3Z Final Director’s Interest Notice + See chapter 19 for defined terms. 11/3/2002 Appendix 3Z Page 1 Rule 3.19A.3 Appendix 3Z Final Director’s Interest Notice Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public. Introduced 30/9/2001. Name of entity: Variscan Mines Limited ABN: 16 003 254 395 We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act. Name of director Nicholas Farr-Jones Date of last notice 24 December 2024 Date that director ceased to be director 6 February 2026 Part 1 – Director’s relevant interests in securities of which the director is the registered holder In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part. Number & class of securities 8,666,812 ordinary shares 2,285,714 Unlisted Options exercisable at $0.01 on or before 30 November 2026 Appendix 3Z Final Director’s Interest Notice + See chapter 19 for defined terms. Appendix 3Z Page 2 11/3/2002 Part 2 – Director’s relevant interests in securities of which the director is not the registered holder Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part. In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest Number & class of securities Nil Part 3 – Director’s interests in contracts Detail of contract None Nature of interest Name of registered holder (if issued securities) No. and class of securities to which interest relates