Golden Energy and Resources Limited announced the results of a consent solicitation to approve certain proposed amendments, as described in the consent solicitation statement dated as of June 14, 2024 to (i) its indenture dated as of November 28, 2022, governing its 8.5% Senior Secured Notes due 2027, guaranteed by its subsidiary, and (ii) its intercreditor agreement dated as of May 21, 2021 relating to the Notes (as amended, supplemented and/or restated, the "Intercreditor Agreement"). The Issuer has been advised that, as of 5:00 p.m., Central European Summer Time, on June 28, 2024 (the "Consent Expiration Deadline"), holders of not less than a majority in aggregate principal amount of the outstanding Notes, validly consented to the Proposed Amendments. The Issuer hereby announces its acceptance of the consents and its intention to execute the Supplemental Indenture and the Second Amendment to the Intercreditor Agreement, implementing the Proposed Amendments.

Subject to the conditions set forth in the Consent Solicitation Statement, holders of the Notes that validly delivered their consents to the Proposed Amendments at or prior to the Consent Expiration Deadline will receive the Consent Fee in respect of the Notes for which Consents have been validly delivered by such Holder on or about July 2, 2024, the expected settlement date, and such Notes will remain blocked in the relevant Clearing System (as defined in the Consent Solicitation Statement) until this date.