Caracal Gold plc / EPIC: GCAT / Market: Main / Sector: Mining

5 September 2022

                                                           Caracal Gold plc ('Caracal' or the 'Company')                          

Updated Corporate Presentation

Caracal Gold plc, the expanding East African gold producer with over 1,300,000oz JORC-compliant gold resources, is pleased to announce that an updated corporate presentation has been uploaded to the Company's website at: https://caracalgold.com/investors/corporate-documents/

The updated presentation provides an overview of Caracal's East African gold assets and growth strategy:

•     The Kilimapesa Gold Mine and Processing Facility in Kenya, which is currently being expanded to increase production to 24,000oz per annum by Q1 2023.

•     The Nyakafuru Gold Project in Tanzania, which Caracal is focussed on finalising the acquisition of and has the potential to produce 50,000oz per annum.

**ENDS**

For further information visit www.caracalgold.com or contact the following:

Notes

Caracal Gold plc is an expanding East African focused gold producer with a clear path to grow production and resources both organically and through strategic acquisitions. Its aim is to rapidly increase production to +50,000ozs p.a. and build a JORC compliant resource base of +3Moz.  We are progressing a well-defined mine optimisation strategy at our 100% owned Kilimapesa Gold Mine in Kenya, where there is significant mid-term expansion potential and ability to increase gold production to 24,000oz p.a. and the resource to +2Moz (current JORC compliant resources of approx. 706,000oz). Our experienced team, with proven track record in successfully developing and operating mining projects throughout Africa, is reviewing other complementary and strategically located gold mine and development projects in East Africa.

Caracal is a responsible mining and exploration company and supports the positive social and economic change that it contributes to the communities in the regions that it operates.  It is a proudly East African-focused company: it buys locally, employs locally, and protects the environment and its employees and their families' health, safety, and wellbeing.

Caracal's shares are quoted on the Main Market of the London Stock Exchange (LON: GCAT) and on the Frankfurt Stock Exchange (FSE: 6IK); a listing on the Nairobi Securities Exchange is underway.