PRESS RELEASE

02 March 2022

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

 Extension to KKME option

Further to the announcement on 25 February 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 Friday 18 March 2022 to complete exercise of the Option.

Technical due diligence of the Molopo Farms Project has revealed possible drill locations, which the Company believes have potential to become high priority targets. Kavango requires additional time to complete further review of the data and operational planning.

Kavango intends to publish an operational update concerning the Molopo Farms Project in the coming weeks.

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, 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