Corcel PLC

("Corcel" or the "Company")

BOARD CHANGES

19 July 2023

Corcel Plc (London AIM: CRCL), the pan Angolan / Brazilian Oil and Gas company, with interests across battery metals mining and oil and gas, announces that having delivered the initial phase of Corcel's recent pivot, including the acquisition of Angola and signature bonus funding, and as part of the previously announced planned transition of the Company, Mr Parsons has decided to step down as director and Chief Executive Officer of the Company. James will continue to work with the Company in an advisory capacity during his notice period. The Company will review its board composition and in the meantime, Antoine Karam has assumed the role of Interim Executive Chair of the Company.

Corcel's Interim Executive Chair, Antoine Karam, commented:

I would like to thank James for his contribution in delivering the next phase in Corcel's journey and I look forward to continuing to work with him over the coming months as he provides support to the Board in delivering the Angola strategy.

For further information, please contact:

Antoine Karam                                                                                                 Corcel Plc Interim Executive Chair

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