Announcement PDF Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 1 / 5 Cancellation Summary Entity name WEST COAST SILVER LIMITED Announcement Type Cancellation of previous announcement Date of this announcement 16/1/2026 Reason for cancellation of previous announcement The Company has not entered into the consulting services agreement therefore the proposed issue of shares will not proceed at this time. Refer to next page for full details of the announcement Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 2 / 5 Part 1 - Entity and announcement details 1.1 Name of +Entity WEST COAST SILVER LIMITED We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules. If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation). 1.2 Registered Number Type ABN Registration Number 95155472834 1.3 ASX issuer code WCE 1.4 The announcement is 1.4c Reason for cancellation of previous announcement The Company has not entered into the consulting services agreement therefore the proposed issue of shares will not proceed at this time. 1.4d Date of previous announcement to this cancellation 4/11/2025 1.5 Date of this announcement 16/1/2026 1.6 The Proposed issue is: A placement or other type of issue Cancellation of previous announcement Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 3 / 5 Part 7 - Details of proposed placement or other issue Part 7A - Conditions 7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? Part 7B - Issue details Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Will the proposed issue of this +security include an offer of attaching +securities? Details of +securities proposed to be issued ASX +security code and description WCE : ORDINARY FULLY PAID Number of +securities proposed to be issued 344,000 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? Please describe the consideration being provided for the +securities In lieu of fees for investor advisory services provided by Red Cloud Financial Services Inc. The number of shares to be issued will vary, as the issue price is based on the volume weighted average price (VWAP) over the five trading days prior to the invoice date. Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 48,915.000000 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes No No Existing class No Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 4 / 5 Part 7C - Timetable 7C.1 Proposed +issue date 30/9/2026 Part 7D - Listing Rule requirements 7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? 7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? 7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15% placement capacity under listing rule 7.1? 344,000 Shares 7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? 7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? Part 7E - Fees and expenses 7E.1 Will there be a lead manager or broker to the proposed issue? 7E.2 Is the proposed issue to be underwritten? 7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue Not applicable. Part 7F - Further Information 7F.01 The purpose(s) for which the entity is issuing the securities As part payment for investor relation advisory fees. 7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? 7F.2 Any other information the entity wishes to provide about the proposed issue The total number of shares to be issued may vary depending on fluctuations in the AUD/CAD exchange rate and movements in the Company¿s share price, as the issue price is determined based on the VWAP over the five trading days preceding the invoice date. The calculation used in this Appendix 3B is based on information available as at 3 November 2025. No No No No No No No Yes No Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 5 / 5 7F.3 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)