20^th March 2026

Botswana Minerals PLC

("Botswana Minerals" or the "Company")

Fundraise, Board Changes and TVR

Placing and subscription to raise £1,150,000

Director / PDMR shareholding

 Appointment of New Director

The Board of Botswana Minerals (AIM: BMIN) is pleased to announce that it has undertaken a Company-arranged fundraising consisting of a placing and subscription with existing and new investors to raise £1,150,000 via the issue of 460,000,000 new ordinary shares of 0.25p each in the capital of the Company    (the "Placing Shares"), which includes the cash subscription by certain directors as detailed below, at a placing price of 0.25p per Placing Share (the "Placing").

Each Placing Share has one share purchase warrant attached with the right to subscribe for one new Ordinary Share at 0.25p per Ordinary Share with an expiry date of one year from 20 March 2026 (the "Placing Warrants"), being the expected date of the Placing Warrants issue.

The Placing Shares will rank pari passu with the Company's existing Ordinary Shares. Application will be made for the Placing Shares to be admitted to trading on the AIM market of the London Stock Exchange and it is expected that such admission will become effective on or around 27 March 2026.

Use of Proceeds

The funds will be used primarily to further the Company's exploration programme on its copper-focused prospecting licences in North-West Botswana, as well as for working capital purposes.  The exploration programme is designed to take the high-priority anomalies to drill targets.

Appointment of a New Non-Executive Director

Rory Harding has been appointed to the board of Botswana Minerals as Non-Executive Director with immediate effect.

He is also currently the Chief Executive Officer of AIM listed Arkle Resources Plc.

Mr Harding is an emerging markets specialist with experience in energy, mining and investment banking and adviser to London merchant bank Strand Hanson. He is the co-founder and asset originator for multiple publicly listed mining companies, most recently Electrum Discovery (TSXV:ELY). Mr Harding formerly worked in energy trading and has extensive operational experience in Africa.

Director Subscription and RPT

Certain directors are subscribing for Placing Shares (with Placing Warrants attached), as set out in the table below:

The issue of the Placing Shares and the Placing Warrants to the four directors as set out above constitutes a related party transaction under Rule 13 of AIM Rules. In this context, Robert Bouquet, being a Director on the Board who is considered to be independent of the Placing, considers, having consulted with the Company's Nominated Adviser, Strand Hanson Limited, that the terms of the director participation in the Placing are fair and reasonable insofar as its shareholders are concerned.

Schedule 2(g) Information on New Director

The following disclosures are made pursuant to Schedule 2(g) of the AIM Rules for Companies:

Rory John Harding, aged 40, currently holds or has held the following directorships in the past five years:

Mr Harding is subscribing for 40,000,000 shares in the placing. Following completion of the Placing, Mr Harding's holding in the Company will be 40,000,000 Ordinary Shares representing 2.41% of the enlarged issued share capital.

Total Voting Rights

In conformity with the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority ("FCA"), the Company announces the following:

Following the issue of the Placing Shares, there will be a total of 1,658,002,899 Ordinary Shares in issue with each carrying the right to one vote ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights is 1,658,002,899. The above 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 a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Special note concerning the Market Abuse Regulation

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014 ("MAR").

A copy of this announcement is available on the Company's website, at www.botswanaminerals.com

Enquiries:

www.botswanaminerals.com

The notification below, made in accordance with the requirements of the Market Abuse Regulations, provides further detail in respect of the transaction as described above.  

ENDS