Corcel PLC

("Corcel" or the "Company")

Successful Completion of First Tranche of Cornerstone Investor Placing

19 April 2023

Corcel Plc (London AIM: CRCL), the extractive industries exploration and development company, with interests in battery metals including nickel, cobalt, and rare earth elements, announces that further to the fundraising announced on 28 March 2023, it has now received the initial £300,000 subscription and has, as planned, utilized £100,000 of the amount received to reduce its outstanding debt balance as previously announced on 30 January 2023. The shares will be admitted to trading tomorrow 20 April 2023.

For further information, please contact:

Scott Kaintz                                                                                                                         Corcel Plc CEO

020 7747 9960                                                                                                                     

James Joyce / James Bavister /Andrew de Andrade                                WH Ireland Ltd NOMAD & Broker

0207 220 1666                                                                                                                     

Patrick d'Ancona                                                                                                               Vigo Communications IR

0207 3900 230                                                                                                                   

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.