KAT Katoro Gold Plc

5 March 2025

Katoro Gold PLC

('Katoro' or the 'Company')

Update on Fundraising

Issue of Equity & TVR

Katoro Gold PLC (AIM: KAT), the strategic energy and precious minerals exploration and development company, announces an update regarding its fundraising as previously announced on the 10 February 2025.

The Company has received signed placing letters and subscription monies from all investors with the exception of one subscriber for £20,000 and accordingly will now proceed to issue and allot 595,000,000 Ordinary Shares in respect of a placing for £297,500 at 0.05p per share ("Placing Shares") along with the 38,000,000 Ordinary Shares to be issued pursuant to the settlement of future fees ("Fee Shares").

An application has been made for the admission of the Placing Shares and Fee Shares to trading on AIM which is expected to occur on or around 6 March 2025 ("Admission"). The Company will make a further announcement regarding the issue and admission of the additional shares on receipt of the outstanding subscription amount which is expected to be received next week.

Following Admission, there will be a total of 2,229,420,573 ordinary shares in issue with each ordinary share carrying the right to one vote. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

**ENDS**

Enquiries:

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.