Haneti Project Diamond Drill Programme Commences

Katoro Gold plc (Incorporated in England and Wales)

(Registration Number: 9306219)

Share code on AIM: KAT

ISIN: GB00BSNBL022

("Katoro" or "the Company")

26 January 2022

Katoro Gold PLC ('Katoro' or the 'Company')

Haneti Project Diamond Drill Programme Commences

Katoro Gold PLC (AIM: KAT), the gold and nickel exploration and development company, is pleased to update the market on the Haneti Project diamond drill programme, in which the Company holds 65% ownership interest with 35% held by Power Metal Resources plc (LON: POW). Following the Company's announcement on the 11^th January 2022, we can now confirm that the drill rig has successfully been deployed and drilling on the 1000-meter programme has now commenced.

The map highlighting the locations for the drill programme can be found on slide 11 on the following link:  https://katorogold.com/wp-content/uploads/2021/05/HANETI-Pres-21_v2.0_040521-1.pdf.

Katoro Executive Chairman, Louis Coetzee, said: "It is a proud moment for us as a Company and our partners to have reached this stage of the Haneti exploration program and we look forward to receiving results from the drill programme."

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014.

**ENDS**

For further information please visit www.katorogold.com or contact: