Contango Holdings Plc / Index: LSE / Epic: CGO / Sector: Natural Resources

14 December 2022

Contango Holdings Plc

("Contango" or the "Company")

Award of Environmental Impact Assessment Certificate

Contango Holdings Plc is pleased to advise that the Environmental Management Agency ("EMA") of Zimbabwe has awarded the Environmental Impact Assessment Certificate for the Company's Muchesu Coal Project, the in-country name for the Lubu Coal Project ("Lubu").

The certificate, which was issued on 9 December 2022 and received by the Company on 13 December 2022, has been awarded for the statutory two-year period and is automatically renewed on an ongoing basis assuming continued operations.

Carl Esprey, CEO of Contango, commented:

"Following regular consultations with the EMA over the last few years, environmental approvals were always expected to be awarded for our planned development of thermal coal, coking coal and coke at Lubu, however, it is naturally a positive these approvals have now been formally granted. We will continue to ensure the highest environmental standards are met with respect to development at Lubu ahead of first coking coal production and sales next quarter."

**ENDS**

For further information, please visit www.contango-holdings-plc.co.uk or contact: