Announcement PDF ASX ANNOUNCEMENT 26 October 2026 ASX:VKA OTC:VKALF vikingmines.com 15-17 Old Aberdeen Place West Perth, WA, 6005 P +61 8 6245 0870 F +61 8 9322 5230 contact@vikingmines.com 1 QUARTERLY REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2026 Linka Tungsten Project, USA • Maiden RC drilling confirmed tungsten mineralisation beneath the historic Linka Main workings, with LKRC0002 returning 14m @ 0.56% WO₃ from 40m (estimated true width ~9m), including 5m @ 0.81% WO₃1 , LKRC0005 returning 18m @ 0.42% WO₃ from 62m (estimated true width ~16m) and LKRC0006 returning 13m @ 0.46% WO₃ from 70m (estimated true width ~11m). All five assayed Linka Main holes returned significant intercepts of tungsten mineralisation.2 • 20 holes completed in the maiden programme as of end of September quarter, comprising 14 at Linka Main, 4 at the Southwest Extension and 2 regional reconnaissance holes, with 7 Linka Main holes with significant visual scheelite intercepts pending assays. • TOMRA ore sorting product assays confirmed upgrading potential with; • Conquest Pit Sample (LKMET0005): 1.2x to 1.7x the feed grade with tungsten recoveries up to 93.0%. • Linka Pit Sample (LKMET0006): 1.3x to 1.4x the feed grade with tungsten recoveries up to 85.9%.3 • BLM approval received for a bulk sample of up to 1,000 short tons (~907 tonnes) of Linka surface stockpile material, providing a pathway to toll treatment and the production of concentrate samples for prospective US APT refinery counterparties.4 • Independent conceptual processing study completed by Mineral Technologies, defining a conventional modular gravity and flotation plant with a design capacity of 300ktpa (the study is conceptual in nature, and no JORC resource has yet been defined for the Project).5 • High-grade reconnaissance sampling at the Long and Terrell Projects, including channel sampling of 1.80m @ 1.8% WO₃ (incl. 0.45m @ 2.7% WO₃) at Long and samples grading up to 2.4% WO₃ at Terrell.6 Corporate • Divestment of the non-core First Hit Gold Project to First Au Limited (ASX:FAU) completed on 27 July 2026, with Viking receiving $1.2 million in cash and $1.0 million in FAU shares and retaining up to $2.8 million in milestone-linked performance rights.7 • Tungsten prices remain strong throughout the quarter, with APT (CIF Rotterdam 88.5%) reported at approximately US$2,7008 per MTU (metric tonne unit = 10kg), underpinning the strategic value of Viking’s US domestic supply positioning. • The Company retains a strong cash balance of $3.16M as of 30 September 2026. Post the quarter end, the Company sold equities held in ASX:FAU realising an additional $902k and resulting in a combined cash balance of $4.06M. ASX:VKA | OTC:VKALF | vikingmines.com 2 Viking Mines Limited (ASX:VKA) (OTCID:VKALF) (“Viking” or “the Company”) is pleased to present its quarterly activities report for the period ended 30 September 2026 (“September quarter”). In December 2025, Viking entered into a binding Terms Sheet to acquire six tungsten Projects located in the Tier-1 mining jurisdiction of Nevada, USA, representing a transformational development for the Company9 . During the quarter, activities focused on the maiden drilling campaign at the flagship Linka Project and receipt of the first assay results from the Project in more than 40 years, alongside ore sorting product assays, bulk-sample permitting and completion of the independent concept processing study, under the Company’s “fast to market” strategy. The USA Tungsten portfolio’s strategic value is underpinned by geopolitical urgency: China controls ~85% of tungsten supply and export quotas continue to tighten. Tungsten prices remained near record highs through the quarter at approximately US$2,700 per MTU (metric tonne unit = 10kg) of APT (Ammonium Paratungstate)8 . Commenting on the quarterly activities, Viking Mines Managing Director & CEO Julian Woodcock said: “The September quarter marked the transition of Linka from a drill-ready project into active drilling, and the first results have met our expectations. The maiden programme has confirmed tungsten mineralisation beneath the historic workings at Linka Main, with all five assayed holes returning significant intercepts. “LKRC0002 returned 14m at 0.56% WO₃, followed by 18m at 0.42% WO₃ in LKRC0005 and 13m at 0.46% WO₃ in LKRC0006. These intercepts sit directly down dip of the historically mined stopes and validate our 3D geological interpretation. With seven further holes logging visual scheelite and awaiting assay and with drilling recommenced, we expect a steady flow of results through the December quarter. “In parallel, the ore sorting assays from TOMRA confirmed that Linka material can be upgraded ahead of the plant, and BLM approval for a bulk sample of up to 1,000 short tons gives us a clear pathway to produce a larger sample of concentrate for prospective US refinery counterparties. Completion of the Mineral Technologies concept study provides the engineering basis for the modular plant we have been working toward. “We also completed the divestment of First Hit during the quarter, bringing in cash and FAU shares while retaining upside, and reported encouraging reconnaissance sampling at Long and Terrell that demonstrates the broader potential of our Nevada portfolio. “With the rig turning and assays continuing to flow, Viking remains in a sustained period of news flow. I look forward to updating the market as the maiden programme progresses.” ASX:VKA | OTC:VKALF | vikingmines.com 3 NEVADA TUNGSTEN PROJECTS In December 2025, Viking entered into a binding Terms Sheet with USA based BLK Group LLC to acquire six tungsten Projects - Linka, Alpine, Long, Terrell, Ragged and Victory - all located within the Tier-1 mining jurisdiction of Nevada, USA. Four of the Projects have had ore mined via both open pit and underground operations throughout the 20th century for a total production of ~123,000t at 0.54% WO₃9 . The flagship Linka Project is a past-producing tungsten system with mineralisation extracted from three historical mines over ~820m of strike length, since expanded to a ~1.6km target horizon through the Company’s historical data integration. During the September quarter, Viking commenced the maiden RC drilling programme at Linka, the first sub-surface exploration at the Project in more than 40 years, and received the first assay results, while advancing the ore sorting, metallurgical, bulk-sample and processing study workstreams in parallel. MAIDEN DRILLING PROGRAMME Following receipt of BLM approval and execution of the drilling services contract in the June quarter, the maiden Reverse Circulation (RC) programme commenced during the reporting period. The approved campaign comprises 63 holes from 48 drill pads across three target areas: Linka Main, the Linka Southwest Extension and regional reconnaissance targets across the broader Linka intrusive complex. Initial visual logging identified intervals containing visually identified scheelite under ultraviolet light in the first holes drilled at Linka Main10 , with samples dispatched to ALS Laboratories in Reno, Nevada for assay. Cautionary note: Visual estimates of mineral presence should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. Assay results The first assay result, from LKRC0002, intersected 14m @ 0.56% WO₃ from 40m downhole, including 5m @ 0.81% WO₃ from 47m1 . The estimated true width of the main interval is approximately 9m. The top of the interval sits approximately 38m vertically below surface, directly down dip of the historically mined stope. The second batch of assays confirmed mineralisation both below the historical workings and within the shallow crown pillar, with all five assayed Linka Main holes (LKRC0002 to LKRC0006) returning significant widths of tungsten mineralisation2 . Mineralisation is hosted in tactite (skarn) and is consistent with the Company’s 3D geological interpretation. Significant intervals are summarised in Table 1. ASX:VKA | OTC:VKALF | vikingmines.com 4 Table 1: Significant assayed intervals, Linka Main (0.1% WO₃ cut-off; included intervals at 0.5% WO₃ cut-off). Hole ID From (m) Interval (m) WO₃ (%) Est. true width (m) LKRC0002 40 14 0.56 ~9 including 47 5 0.81 ~5 LKRC0003 16 6 0.21 ~5 LKRC0004 14 6 0.46 ~3 LKRC0005 62 18 0.42 ~16 including 73 3 0.75 ~2.7 LKRC0006 70 13 0.46 ~11 including 70 4 0.70 ~3.4 Intervals are downhole lengths. Estimated true widths are as reported in the referenced announcements. Figure 1: Cross-section through LKRC0005 and LKRC0006 showing assayed intervals relative to the modelled mineralised tactite and historical workings (looking north). Programme progress As of the end of the September quarter, 20 holes had been completed: 14 at Linka Main, 4 at the Southwest Extension (inc. abandoned hole LKRC0001) and 2 regional reconnaissance holes. 7 Linka Main holes logged visual scheelite and are pending assay results (Figure 2). Drilling at the Southwest Extension intersected the targeted limestone-monzonite contact beneath younger volcanic cover. Although scheelite had not been observed in these holes, the contact remains an exploration target for further assessment. Regional hole LKRC0013 confirmed limestone preserved above the intrusion, while the second regional hole did not penetrate the younger tuff. Further drilling is planned at these targets in the December quarter. The drilling contractor temporarily demobilised at the end of September for rig maintenance and a crew break, and drilling recommenced in October. Viking is updating its 3D geological model with the assays received to date and planning additional holes where warranted. ASX:VKA | OTC:VKALF | vikingmines.com 5 Figure 2: Linka Main drillhole locations showing assayed intervals and pending holes with visually logged scheelite. Cautionary Statement: Visual estimates of mineral presence should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. ASX:VKA | OTC:VKALF | vikingmines.com 6 FIELD SAMPLING AND STOCKPILES Assay results were received during the quarter from the second field campaign completed in May 2026, which collected 98 samples comprising 63 trench samples, 30 samples across 3 historical rock stockpile areas and 5 geological grab samples11 . Historical rock stockpile sampling First-pass grab sampling confirmed tungsten mineralisation within the historical mill-area ROM pad and the 2 Conquest rock stockpiles identified during the June quarter, with assays of up to 1.8% WO₃. 10 samples from the ROM pad averaged 0.5% WO₃, with the separate Conquest stockpiles averaging 0.4% from 10 samples and 0.1% WO₃ from 10 samples respectively. Mineralised garnet tactite was observed intermingled with barren monzonite and limestone waste rock, a profile well suited to ore sorting. Grab samples are selective by nature and are not representative of stockpile grade or tonnage; systematic follow-up sampling is planned. Trench sampling Resampling of historical trenches and road cuts returned 1m @ 1.3% WO₃ (LKTR0006), 5m @ 0.4% WO₃ and 3m @ 0.4% WO₃ (LKTR0002) and 3m @ 0.5% WO₃ (LKTR0005), supporting continuity of mineralisation along the Linka trend. Sampled widths may not represent true widths. Historical tailings dam Assays from all 52 samples collected across the historical tailings dam returned a thickness- weighted average of 0.03% WO₃, with a maximum individual grade of 0.15% WO₃12 . The low residual grades are consistent with effective historical processing of Linka ore and support the amenability of the mineralisation to conventional gravity recovery. The tailings are not considered a potential feed source; the Company’s surface-feed strategy is focused on the Linka Main stockpile and the bulk-sample workstream. ORE SORTING TESTWORK Product fraction assays from the TOMRA X-ray Transmission (XRT) ore sorting testwork reported in the June quarter were received in August3 . The testwork used a three-stage cascade configuration generating high-grade, low-grade, CONTAIN™ and reject streams. Minus 10mm fines were not passed through the sorter but were assayed to complete the metallurgical balance. The Conquest Pit high-grade fraction returned 1.91% WO₃ against a calculated whole-feed grade of 0.61% WO₃, containing 27.3% of the tungsten in 8.8% of the mass. The Linka Stockpile high-grade fraction returned 1.83% WO₃ against a calculated feed grade of 0.45% WO₃, containing 9.7% of the tungsten in 2.4% of the mass. Reject streams graded approximately 0.18% WO₃ (Conquest Pit) and 0.20% WO₃ (Linka Stockpile). Cumulative product combinations are summarised in Table 2. ASX:VKA | OTC:VKALF | vikingmines.com 7 Table 2: Cumulative ore sorting product combinations, including unsorted minus 10mm fines. Sample Product combination WO₃ (%) Feed upgrade (x) Mass (%) W recovery (%) Conquest Pit 1 + fines 1.05 1.71 36.4 62.1 Conquest Pit 1 to 2 + fines 0.82 1.34 63.1 84.6 Conquest Pit 1 to 3 + fines 0.75 1.22 76.5 93.0 Linka Stockpile 1 + fines 0.57 1.27 31.7 40.3 Linka Stockpile 1 to 2 + fines 0.62 1.37 50.7 69.5 Linka Stockpile 1 to 3 + fines 0.56 1.25 68.9 85.9 Recovery is tungsten recovery into the selected sorted products plus fines, not recovery into a final gravity/flotation concentrate. The results provide flexibility between grade uplift and tungsten recovery and support further assessment of the two potential applications identified in the June quarter; 1) pre- concentration of run-of-mine feed to lift plant feed grade, and 2) upgrading of the Company’s existing surface stockpiles. Gravity and flotation testwork on the sorted products are underway to assess downstream processing performance, and a second round of TOMRA testwork is in process. CONCEPTUAL PROCESSING STUDY Mineral Technologies, a subsidiary of the Downer Group, completed the independent concept processing study for the Linka Project in July5 . The study defines a conventional modular flowsheet comprising staged crushing, high-pressure grinding, closed-circuit milling, multi- stage gravity concentration, flotation and concentrate dewatering, with contract crushing identified as an option to reduce upfront capital. Figure 3: Conceptual modular process facility developed by Mineral Technologies. Illustration only. ASX:VKA | OTC:VKALF | vikingmines.com 8 The plant design basis is a nominal 43 tonnes per hour, with an upper design capacity of 300,000 tonnes per annum (300ktpa) and lower annual feed rates achievable through reduced operating hours using the same equipment. For design purposes the study applied a 60% scheelite recovery assumption into a 50% WO₃ concentrate; this assumption pre-dates the 76.0% recovery achieved in the June-quarter testwork. The study identified an indicative 15- month period. For procurement and fabrication (approximately 12 months) and on-site assembly of the process-plant modules (approximately three months). Cautionary note: The study is preliminary in nature and does not constitute a production target or an economic assessment. No Mineral Resource or Ore Reserve has been defined at Linka, and the processing rate is used solely to support technical assessment of the flowsheet. No capital cost, operating cost or other forecast financial information has been disclosed. BULK SAMPLE APPROVAL AND METALLURGICAL TESTWORK BLM approval received in August permits the collection of up to 1,000 short tons (approximately 907 tonnes) of material from the historical Linka surface stockpiles4 . The bulk sample is intended to facilitate toll treatment and the production of concentrate samples for assessment by prospective US Ammonium Paratungstate (APT) refinery counterparties. Viking is in discussion with and assessing potential US toll-treatment facilities, with planning and logistics for sample collection to follow. Figure 4: Linka historical mines, mill site, stockpiles and tailings dam. Metallurgical testwork continued during the quarter on additional Linka materials, building on the 56.9% WO₃ concentrate at 76.0% combined gravity and flotation recovery achieved on Linka Pit mineralisation in the June quarter13 . Subsequent to quarter end, gravity separation results were reported for the Linka Stockpile (LKMET0001), Hillside (LKMET0002) and Conquest (LKMET0003) samples, with the Conquest sample delivering a 69.3% WO₃ gravity concentrate14 . Results are summarised in Table 3. Table 3: Gravity separation results for additional Linka samples (reported 1 October 2026). Sample Source Feed WO₃ (%) Gravity concentrate WO₃ (%) Gravity recovery (%) LKMET0001 Linka Stockpile 0.99 55.8 46.8 LKMET0002 Hillside 0.91 53.9 42.5 LKMET0003 Conquest 0.76 69.3 43.8 ASX:VKA | OTC:VKALF | vikingmines.com 9 Initial combined gravity and flotation testwork on LKMET0001 returned a concentrate grading 44.7% WO₃ at 73.1% recovery, with flotation optimisation continuing toward the >50% WO₃ saleable threshold. Flotation testwork on the Hillside and Conquest gravity tails is in progress. The gravity results replicate the amenability of Linka mineralisation to a simple gravity-first flowsheet across all four sampled areas. REGIONAL NEVADA PROJECTS Reconnaissance sampling results from the Long and Terrell Projects were reported on 1 September6 , confirming tungsten mineralisation at both historical mines and identifying further exploration opportunities across the Nevada portfolio. Long Project Continuous channel sampling across the historical underground and surface workings returned 1.80m @ 1.8% WO₃, including 0.45m @ 2.7% WO₃, and 1.35m @ 0.6% WO₃. Reconnaissance grab samples east of the mine along the intrusive contact returned up to 0.3% WO₃. Terrell Project Surface sampling returned a contact-skarn float sample grading 2.4% WO₃ and oxidised vein material from the main mine adit grading up to 1.7% WO₃. Remnant crusher material graded between 0.4% and 0.5% WO₃. Selected float and grab samples may not be representative of broader in-situ grades. Follow-up mapping, sampling and ground magnetic surveys are planned at both Projects to improve the geological understanding and rank targets for potential future drilling. However, this work is ancillary to the Company’s main priority and focus at Linka. CORPORATE Completion of the First Hit Gold Project divestment On 27 July 2026, Viking completed the divestment of its non-core First Hit Gold Project and Riverina East tenements to First Au Limited (ASX:FAU) through the sale of Red Dirt Mining Pty Ltd and transfer of the associated tenure7 . Upfront consideration of $2.2 million comprised $1.2 million in cash and $1.0 million in FAU shares, with up to a further $2.8 million in FAU performance rights payable as FAU achieves defined drilling and Mineral Resource milestones15 . FAU has assumed a minimum $500,000 drilling commitment on the tenements within 12 months of completion. The Company has sold all the upfront consideration shares for total proceeds of $1.11M. $216k was received within the reporting period and a further $902k received after the reporting period). Viking does retain exposure to future discovery through the ~17M performance-linked consideration shares. OTHER PROJECTS No material activities were undertaken on the Alpine, Ragged and Victory Projects during the period. The Company continues to review available historical data for these Projects. ASX:VKA | OTC:VKALF | vikingmines.com 10 Canegrass Battery Minerals Project No material activities were undertaken on the Canegrass Battery Minerals Project during the period. The project continues to host a substantial vanadium-rich mineral resource in the Murchison region of Western Australia. The Project is comprised of an Inferred Mineral Resource of 146Mt at 0.70% V₂O₅, 31.8% Fe and 6.6% TiO₂ (at a 0.5% V₂O₅ cut-off)16 . Narndee Project No material activities were undertaken on the Narndee Project during the period. FINANCIAL POSITION The Company has a strong cash position of $3.16M as of 30 September 2026. This balance excludes the $902,000 proceeds from the sale of FAU shares that occurred post quarter end resulting in a total cash position of $4.06M. Income for the period totalled $1.63M, resulting from $1.20M from the sale of the First Hit Gold Project, $254k from investing activities (sale of FAU shares and bank interest), $107k from GST receipts and $69k from other income. The Company’s cash position recorded a net decrease of $0.50M (after expenses) over the September 2026 quarter as reported in the Appendix 5B cashflow report. As set out in section 6 of the attached Appendix 5B, the Company made payments to related parties of the entity of $140k in the quarter ending 30 September 2026. This amount comprised Director fees for the relevant period. The Company advises that in accordance with the requirements of ASX Listing Rule 5.3, the Company’s expenditure for the quarter predominantly related to: • $1.34M: Exploration expenditure on the Company’s Projects, primarily relating to the maiden drilling programme and metallurgical testwork at the Nevada Tungsten Projects. • $323k: General corporate and administration costs, including annual audit fees and ASX listing fees. • $310k: Director fees and staff costs. • $38k of bank interest was received during the quarter. Other than as set out in this report, the Company undertook no other substantive exploration, mining production and development activities during the quarter. DECEMBER QUARTER PLANNED ACTIVITIES Viking will maintain its focus on advancing the Linka Tungsten Project, with planned activities including: • Continuation and completion of the maiden RC drilling programme (following its recommencement in October) and release of assay results from the remaining Linka Main, Southwest Extension and regional holes as received. • Update of the 3D geological model incorporating assay results and planning of follow-up drilling. ASX:VKA | OTC:VKALF | vikingmines.com 11 • Continued metallurgical optimisation and variability testwork on Linka Stockpile, Hillside and Conquest materials, including flotation of gravity tails. • A second round of TOMRA ore sorting testwork and downstream gravity and flotation testwork on sorted products. • Identification and assessment of US toll-treatment options and progression of planning and logistics for the approved bulk sample. • Follow-up mapping, sampling and ground magnetic surveys at the Long and Terrell Projects. CORPORATE OPPORTUNITIES The Company continues to review and conduct due diligence on a range of mineral acquisition opportunities to complement its existing project portfolio, with the objective of acquiring mature exploration assets with the potential to deliver long-term shareholder returns. Should any of these acquisition opportunities progress, the Company will provide an update to the market. -END- This announcement has been authorised for release by the Board of the Company. Julian Woodcock Managing Director and CEO Viking Mines Limited For further information, please contact: Viking Mines Limited Michaela Stanton-Cook - Company Secretary contact@vikingmines.com ASX:VKA | OTC:VKALF | vikingmines.com 12 Endnotes 1. VKA ASX Announcement 10 September 2026 - Maiden Linka Drilling Delivers Exceptional Tungsten Intercept: 14 Metres @ 0.56% WO₃ 2. VKA ASX Announcement 24 September 2026 - Tungsten Assays Confirm Thick Intercepts at Linka 3. VKA ASX Announcement 20 August 2026 - Assays Confirm Ore Sorting Delivers High Grade Products at Linka Project 4. VKA ASX Announcement 27 August 2026 - BLM Approves 900 Tonne Bulk Sample at Linka Tungsten Project 5. VKA ASX Announcement 30 July 2026 - Linka Concept Processing Study Delivers Positive Outcomes Ahead of Maiden Drilling 6. VKA ASX Announcement 1 September 2026 - High-Grade Tungsten Assays up to 2.7% WO₃ at Regional Nevada Projects (Amended) 7. FAU ASX Announcement 27 July 2026 - FirstAu Completes Acquisition of the Riverina East Gold Project 8. Source: Fastmarkets on 22nd October 2026 9. VKA ASX Announcement 16 December 2025 – VKA to acquire production proven USA Tungsten Projects 10. VKA ASX Announcement 19 August 2026 - Significant Visual Tungsten Intercepts in First Drilling at Linka 11. VKA ASX Announcement 6 August 2026 - Historical Rock Stockpiles at Linka Return Tungsten Assays up to 1.8% WO₃ 12. VKA ASX Announcement 2 July 2026 - Linka Tailings Sampling Supports Strong Historical Processing Recovery as Viking Prepares to Drill 13. VKA ASX Announcement 30 July 2026 - Quarterly Report for the Period Ended 30 June 2026 14. VKA ASX Announcement 1 October 2026 - Gravity Testwork Replicates Across All Four Linka Samples, Conquest Delivers 69.3% WO₃ 15. VKA ASX Announcement 29 June 2026 - Viking Divests Non-Core Gold Project for up to $5M 16. ASX Announcement 20 November 2023 - Viking Delivers 103% Growth at Canegrass with 2.2 Billion Lbs of Vanadium Pentoxide Forward-Looking Statements This document may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Viking Mines Limited’s planned exploration program and other statements that are not historical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may”, "potential," "should," and similar expressions are forward-looking statements. Although Viking Mines Limited believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Competent Persons Statement – Exploration Results Information in this release that relates to Exploration Results is based on information compiled by Mr Julian Woodcock, who is a Member of the Australian Institute of Mining and Metallurgy (MAusIMM(CP) – 305446). Mr Woodcock is a full-time employee of Viking Mines Ltd. Mr Woodcock has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Woodcock consents to the disclosure of the information in this report in the form and context in which it appears. Competent Persons Statement – Metallurgical Testwork The information in this announcement that relates to Exploration Results from metallurgical test work is based on, and fairly represents, information and supporting documentation compiled by Mr Peter Adamini, BSc (Mineral Science and Chemistry), who is a Member of The Australasian Institute of Mining and Metallurgy (AusIMM). Mr Adamini is a full-time employee of SGS Australia owned Independent Metallurgical Operations Pty Ltd, a wholly owned subsidiary of SGS Australia Holdings Pty Ltd, and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Adamini is an independent consultant engaged by Viking Mines Limited for metallurgical representation. Mr Adamini consents to the disclosure of the information in this report in the form and context in which it appears. Competent Persons Statement – Mineral Resources The information in this announcement that relates to the Mineral Resource estimate for the Canegrass Project is derived from information compiled by Mr Dean O’Keefe, a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM, #112948), and Competent Person for this style of mineralisation. Mr O’Keefe is a consultant to Viking Mines Limited, and is employed by MEC Mining, an independent mining and exploration consultancy. Mr O’Keefe has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2012 edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources, and Ore Reserves (JORC Code). The Competent Person is not aware of any new information or omission of data that may materially affect the stated Mineral Resource estimate. Confirmation of Previously Reported Information The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and, in the case of Mineral Resource estimates, that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons' findings are presented have not been materially modified from the original market announcements. ASX:VKA | OTC:VKALF | vikingmines.com 13 ABOUT VIKING MINES LIMITED Viking Mines Limited (ASX: VKA) is an Australian ASX-listed diversified mineral exploration and development company focused on building a global portfolio of strategic metals. In December 2025, Viking signed a binding term sheet to acquire a 100% interest in a high- grade Nevada tungsten portfolio, comprising six projects in the Tier-1 mining jurisdiction of Nevada, USA, marks a significant strategic expansion. Anchored by the historically productive Linka Project, which hosts multiple past producing mines and strong histori