TORONTO, Dec. 18, 2025 – World Wide Minerals Ltd. (“WWM” or the “Company”) and Ms. Ann Marie Carroll, the President and CEO of WWM, announce that on December 12, 2025, the Company submitted a Notice of Resubmitted Arbitration (the “Notice”) against the Republic of Kazakhstan (“Kazakhstan”).

The Notice comes after a decision from the English High Court on February 28, 2025 (which the Company addressed in its news release on March 3, 2025, available at and filed on ), which nullified the findings regarding causation and losses in a second arbitral award that was made in favor of WWM and the Estate of Mr. Paul A. Carroll, QC, on March 26, 2024 (the “Second Award”).

The Notice initiates a third phase of arbitration proceedings (the “Third Arbitration”) in WWM’s multi – decade efforts to make Kazakhstan responsible for its established violations of international law and the Canada – U.S.S.R. Bilateral Investment Treaty (the “BIT”) related to the Company’s uranium operations in Kazakhstan in the mid – 1990s. Similar to the original award issued in October 2019 (the “First Award”) by the tribunal (the “Initial Tribunal”), the Second Award confirmed that Kazakhstan breached international law and the BIT in its transactions with WWM.

Although the English High Court set aside certain findings about causation and loss, the Initial Tribunal’s findings in the First Award that Kazakhstan breached international law and the BIT in its treatment of the Company and its investment remain binding and res judicata and thus are not up for reconsideration in the Third Arbitration.

Ann Marie Carroll said: “It’s nearly unimaginable that in 2025 – soon to be 2026 – almost 30 years after Kazakhstan violated World Wide’s fair and equitable treatment rights under the BIT, the Company has to go back to arbitration for the third time. The basic facts haven’t changed: Kazakhstan violated international law in its treatment of World Wide’s investment and it must be held accountable. Even now, Kazakhstan’s actions speak for themselves: despite two awards in the past seven years confirming its violations, Kazakhstan still contests the results instead of accepting its obligations. I’m fully confident that this third round of arbitration will resolve all remaining issues once and for all.”

The Initial Tribunal consisted of three well – known international arbitrators: Professor William W. Park, Sir Franklin Berman, and Professor John Crook. The Initial Tribunal made its decision on jurisdiction in October 2015, then issued the First Award in October 2019, and the Second Award in March 2024. None of the members of the Initial Tribunal can serve as an arbitrator in the Third Arbitration. Therefore, a new arbitral tribunal will be set up to hear the Third Arbitration.

WWM is represented in the arbitration by Jones Day. The team is led by Melissa S. Gorsline (Washington), James Egerton – Vernon (Washington), and Paul Hines (San Francisco); and Baiju Vasani of Twenty Essex (London).

FOR FURTHER INFORMATION, PLEASE CONTACT:

Ann Marie Carroll, President and CEO
World Wide Minerals Ltd.
Phone: +1 – 416 – 703 – 9120
Email:

Melissa Gorsline, Partner
Jones Day
Phone: +1 – 202 – 879 – 5421
Email:

SOURCE World Wide Minerals Ltd.