TIDMKAV

RNS Number : 9273S

Kavango Resources PLC

19 March 2021

PRESS RELEASE

19 March 2021

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

Exercise of Warrants

Exercise of Warrants

Kavango announces it has received notices to exercise warrants over 9,250,000 new ordinary shares of GBP0.001 each in the Company (the "Warrant Shares").

The Warrant Shares are being issued pursuant to the exercise of warrants granted and announced on 15 April 2020. Subscription monies of GBP92,500 have been received by Kavango in respect of these exercises.

Admission and Total Voting Rights

Application will be made for the Warrant Shares to be admitted to the Standard List segment of the Official List and to trading on the main market of the London Stock Exchange plc ("Admission"). It is expected that Admission will become effective and that dealings in the Warrant Shares will commence at 8.00am on or around 26 March 2021.

Following Admission, the total issued share capital of the Company will consist of 342,402,139 Ordinary Shares. Therefore, the total number of voting rights in the Company is 342,402,139 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest, in the share capital of the Company.

Further information in respect of the Company and its business interests is provided on the Company's website at

  www.kavangoresources.com   and on Twitter at #KAV.

For further information please contact:

Kavango Resources plc

Michael Foster

mfoster@kavangoresources.com

First Equity (Joint Broker)

+44 207 374 2212

Jason Robertson

SI Capital Limited (Joint Broker)

+44 1483 413500

Nick Emerson

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March 19, 2021 12:43 ET (16:43 GMT)

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