30 September 2025

HOT ROCKS INVESTMENTS PLC

(the \"Company\")

Audited Final Results for year ended 31 March 2025

Managing Director’s Statement

“I hereby present the financial results for the Company for the year ended 31 March 2025.  The Company has been an active investor primarily in junior natural resources companies. The Company also reviews opportunities to invest in other sectors, particularly technology, and generally seeks to invest in exciting companies where our valuation entry point reflects the early-stage nature of their business or sector which, although carrying higher risk, gives us exposure to considerable upside. 

We have continued to build and nurture our investment portfolio during the year in difficult market conditions for small companies and are pleased with the Company performance. We also had a favourable cash position enabling us to take advantage of situations as they arose.

The Company made a loss for the year of £173,615, and a profit of £46,984 in the prior year. The Company will not be paying a dividend for the foreseeable future (2024: £Nil) as we seek to reinvest any sale proceeds from our investments into opportunities with the potential for significant capital growth.

Cash and cash equivalents as at the year end of 31 March 2025 were £108,360 (2024: £5,386).

During the year we sold approximately 94% of our holding in Phoenix Digital Assets plc in a tender offer for the sum of £235,125.

We also sold our holding in Impact Oil & Gas Limited, to Africa Oil Corp, receiving the sum of £142,250, a 5.6X return on the Company’s investment.

Post year end we have been very active, taking interests in various companies including Wishbone Gold plc, The Smarter Web Company plc, Oregen Energy Corp (formerly Supernova Metals Corp.), Mendell Helium plc, First Development Resources plc, Hamak Gold Ltd, Astrid Intelligence plc (formerly CEL AI plc), B.Hodl plc, Prospectiva Resources Limited and Parent Capital Corp.

We now hold interests in ordinary shares and/or convertible loans and/or warrants in the following entities:

Astrid Intelligence plc (formerly CEL AI plc)

B.HODL plc

Electrum Discovery Corp

Elephant Oil Corp

Endor Group Limited t/a Universe Payments

Hamak Gold Ltd

Laiva Gold Inc

Mafula Energy Limited

Mendell Helium plc

Minergy Limited

Mosi Copper Limited

Orcadian Energy plc

Oregen Energy Corp (formerly Supernova Metals Corp)

Oscillate plc

Parent Capital Corp.

Phoenix Digital Assets plc

Pilar Gold Inc

Prospectiva Resources Limited

Rift Resources Limited

Supernova Digital Assets plc

TAP Global Group plc

The Smarter Web Company Plc

T5 Oil & Gas Ltd

Trigon Metals Inc

Tucano Gold Inc

Unicorn Mineral Resources plc

WeShop Holdings Limited

We are seeing numerous exciting opportunities at present and look forward to keeping the market updated in the coming months.”

Gavin Burnell

Managing Director

For further details please contact:

Hot Rocks Investments plc

Gavin Burnell Tel: 0207 2644 546

Optiva Securities Limited

Vishal Balasingham Tel: 0203 981 4174

1. AUTHORISATION OF FINANCIAL STATEMENTS AND STATEMENT OF COMPLIANCE WITH IFRS'S

The company's financial statements have been prepared in accordance with International Financial Reporting Standards (IFRSs) as adopted by the United Kingdom and as applied in accordance with the provisions of the Companies Act 2006. The principal accounting policies adopted by the company are set out in note 2.

2. ACCOUNTING POLICIES

The principal Accounting Policies Applied in the preparation of these Financial Statements are set our below.  These Policies have been applied consistently to all the periods presented, unless otherwise stated.

Basis of preparation of Financial Statements

The Financial Statements have been prepared in accordance with International Financial Reporting Standards as adopted by the United Kingdom (IFRS as adopted by the UK), IFRIC interpretations (IFRSIC) and those parts of the Companies Act 2006 applicable to companies reporting under IFRS. The Financial Statements have also been prepared under the historical cost convention, as modified by the revaluation of financial assets at fair value through profit and loss account.

The preparation of the Financial Statements in conformity with IFRSs required the use of certain critical accounting estimates and assumptions. It also requires management to exercise its judgement in the process of applying the Company’s Accounting Policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the Financial Statements, are disclosed later in these accounting policies.

The Financial Statements are presented in sterling (£) which is the functional currency of the Company, rounded to the nearest pound on an annual basis and management confirm that they give a fair presentation of the Company.

New standards, amendments and interpretations adopted by the Company

The following relevant IFRS or IFRIC interpretations were effective for the first time for the financial year beginning 1 April 2024. Their adoption has not had any material impact on the disclosures or on the amounts reported in these financial statements: