WIN Metals Quarterly Activities Report & Appendix 5B

We are pleased to present the highlights of our March 2026 Quarterly Report for WIN Metals Ltd:

- Updated Mineral Resource at the Radio Gold Project increased by 46% to 41,000 ounces, marking a key milestone in advancing the Project towards potential development.

- Approximately 50% of the Mineral Resource is now classified as Indicated, enhancing confidence for detailed mine design and economic evaluation.

- Key workstreams progressed to support a potential development decision in Q2 2026, including mine planning and technical studies.

- Strategic acquisitions of Princess Royal Gold Mine and an option over Stumpy Doodle Gold Mine to increase project scale and introduce potential satellite ore sources.

- Exploration target at Princess Royal provides additional upside to Radio production hub.

- Exploration results confirmed further growth potential across the broader camp.

- Cash balance of $4.1 million as at 31 March 2026.

Please visit our website for further details, and feel free to reach out with any questions. Your trust and support are essential as we continue to advance our projects for future success. Thank you.