PRESS RELEASE

25 February 2022

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

 Extension to KKME option

Further to the announcement on 26 November 2021, Kavango Resources plc (LSE:KAV), announces an extension to the exclusive three month option ("Option") to acquire 85.23% of KKME. Kavango now has until close of business on Monday 28 February 2022 to exercise the Option.

Details of the Option can be viewed in the following RNS:

https://www.investegate.co.uk/kavango-resources--kav-/rns/option-to-acquire-up-to-51.15--of-molopo-farms/202111260700056648T/

Other than the three-month term of the Option, which was due to expire yesterday, the terms originally described in the announcement on 26 November 2021 remain the same.

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                                                                                     

Ben Turney

[email protected] 

 First Equity (Joint Broker)

+44 207 374 2212

Jason Robertson             

SI Capital Limited (Joint Broker)                                                                          

+44 1483 413500

Nick Emerson