PRESS RELEASE

24 August 2021

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

Director Subscription Update

Further to the announcement of 6 July 2021, Admission of the Director Subscription Shares is expected to become effective and dealings in the Director Subscription Shares will commence at 8.00am on or around Friday, 27 August 2021.

Following Admission, the total issued share capital of the Company will consist of 404,181,686 Ordinary Shares. Therefore, the total number of voting rights in the Company is 404,181,686 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest, in the share capital of the Company. 

Further information in respect of the Company and its business interests is provided on the Company's website at www.kavangoresources.com and on Twitter at #KAV.

For further information please contact:

Kavango Resources plc                                                                                     

Michael Foster

[email protected]

First Equity (Joint Broker)

+44 207 374 2212

Jason Robertson             

SI Capital Limited (Joint Broker)                                                                          

+44 1483 413500

Nick Emerson