Announcement PDF Form 605 Corporations Act 2001 Section 671B Notice of ceasing to be a substantial holder To Company Name/Scheme Culpeo Minerals Limited ACN/ARSN 72 627 735 531 1. Details of substantial holder (1) Name The Bank of Nova Scotia and each of its controlling entities including those listed in Annex A (Substantial Holders) ACN/ARSN (if applicable) N/A The holder ceased to be a substantial holder on 18 / December / 2024 02 / July / 2024 02 / July / 2024 The previous notice was given to the company on The previous notice was dated 2. Changes in relevant interests Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows: Date of change Person whose relevant interest changed Nature of change (4) Consideration given in relation to changes (5) Class (6) and number of securities affected Person’s votes affected December 18, 2024 1832 Asset Management L.P. (“1832AMLP”), manager of the Dynamic/Scotia Funds and its general partner 1832 Asset Management G.P. Inc. (“1832AMGP”) Decrease in relevant interest in Shares pursuant to in-market sells on ASX AUD 0.0200 1,100,000 Shares 1,100,000 3. Changes in association The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows: Name and ACN/ARSN (if applicable) Nature of association N/A N/A 4. Addresses The addresses of persons named in this form are as follows: Name Address Bank of Nova Scotia 1832 Asset Management L.P. 40 King Street West, Toronto, Ontario, Canada M5H 3Y2 Scotiabank North, 40 Temperance Street, 16th Floor, Toronto, Ontario M5H 0B4 Signature print name sign here David Reeder Capacity: Director, Asset Management Compliance of 1832 Asset Management L.P. (a wholly-owned subsidiary of The Bank of Nova Scotia) “David Reeder” Date 20 / December / 2024 ANNEXURE A 1832 Asset Management L.P. (1832AMLP) – 1832AMLP was formed as a limited partnership under the laws of Ontario, Canada, and its general partner is 1832 Asset Management G.P. Inc., each of which are a wholly-owned subsidiary of The Bank of Nova Scotia. This is the annexure of 1 page marked A referred to in Form 605: Notice of Ceasing to be a Substantial Holder signed by me. “David Reeder” __________________________________________ David Reeder Director, Asset Management Compliance 1832 Asset Management L.P. (a wholly-owned subsidiary of The Bank of Nova Scotia) December 20, 2024 __________________________________ Date