Nidhogg Resources Holding AB (publ) ("Nidhogg" or "the Company") is pleased to provide an update on the ongoing development of the Al Baraka gold mining project in Egypt ("the Project"). Work is progressing according to plan, and the due diligence phase-covering legal, technical, geological, and financial aspects-has now been finalized. The due diligence has confirmed substantial gold potential and a revised project structure.

Ownership and Funding Structure

In the first stage, Nidhogg Resources Holding AB, through its wholly owned subsidiary Nidhogg Energy AB ("Nidhogg Energy"), will invest USD 500,000 to acquire 50% of a new Egyptian company ("NewCo"), with Mr. Abdallah retaining the remaining 50%.

A second investment of USD 500,000, to be made following the renewal of the Al Baraka license (expected October 1, 2025), will increase Nidhogg Energy's stake in NewCo from 50% to 95%, leaving Mr. Abdallah with 5%.

Upon completion of the first tranche investment, NewCo will secure an operating agreement with Al Baraka, take ownership of all existing on-site equipment and materials, and transfer full operational control to Nidhogg Energy-enabling immediate oversight and acceleration of project development.

This staged investment model allows Nidhogg to secure up to 95% of project revenues from a high-potential gold resource for a total investment of USD 1 million-representing a substantial low entry cost with no dilution for existing Nidhogg shareholders. Discussions are ongoing with potential strategic and financial partners to fund the second investment.

The secured USD 500,000 investment by Enserv International L.L.C. for a 25% stake in the Project effectively doubles the Project's entry valuation from USD 1 million to USD 2 million. This swift value appreciation underscores the quality of the asset and Nidhogg's ability to deliver shareholder returns quickly, while maintaining a dominant ownership position.

Key Findings from the Due Diligence:

• Gold-bearing quartz and quartzite veins with assay values up to 48.43 ppm Au (duplicate 51.60 ppm Au) and a conservative in-situ prospective resource of 56,000 oz t applying the tailings grade @ 1.27 g/t to the main vein geometry.
• Tailings contain ~605 oz t Au @ 1.27 g/t grade.
• Production: Observed daily production of more than one hundred grams of gold in June 2025.
• Plant upgrades identified to enable improved processing of the material and gold production.

Tentative Project Timeline:

• August 2025: Finalize agreements, including the Sales and Purchase Agreement ("SPA").
• September-October 2025: First tranche payment within 30 business days after SPA signing. Nidhogg Energy assumes operatorship and commences revenue generation.
• October-November 2025: License renewal expected October 1, 2025; second tranche payment within 90 business days after tranche 1. Plant upgrades and tailings processing to begin thereafter.

"We are progressing as planned. The due diligence results confirm both the quality of the asset and the robustness of our strategic approach. With a clear path forward, high-grade results, and strong local partnerships, we are well positioned to deliver near-term revenue and long-term value for our shareholders", said Niclas Biörnstad, CEO, Nidhogg Resources Holding AB (publ).

For further information please contact:

Ulrich Andersson, Chairman of the Board of Nidhogg Resources Holding AB (publ)                                             E-mail: ulrich@nidhoggresources.com 
    Phone: +46 70 376 0515

Or

Niclas Biörnstad, CEO Nidhogg Resources Holding AB (publ)                                                     E-post: niclas@nidhoggresources.com                                                                                                               Phone: +46 70 729 9769

About Nidhogg Resources

Nidhogg Resources Holding AB (publ), www.nidhoggresources.se, is a Swedish limited liability company with a focus on commodities. Nidhogg was founded by individuals with a total of over 60 years of experience in the commodities market, with backgrounds ranging from exploration to exploitation as well as sales and a passion for extracting raw materials by applying innovative technology together with existing infrastructure.