19 March 2026

KAVANGO RESOURCES PLC

("Kavango" or the "Company")

Nara Completion Further Extended

Kavango Resources plc (LSE:KAV, VFEX:KAV.VX), the Southern Africa focused metals exploration and gold production company, announced on 1 July 2025 that the Company had exercised the option to acquire 100% of the Nara Gold Project, Zimbabwe, consisting of 45 claims ("Nara"). 

The Company further announced on 9 December 2025 that Kavango and the Seller (the "Parties") had agreed to extend completion to 27 February 2026.

Further to the announcement on 2 March 2026, the Parties have agreed to extend completion, so as to work towards enabling the finalisation of the legal formalities.

Both Parties remain committed to completion and the execution of the Nara sale and purchase as soon as possible.  

Peter Wynter Bee, Chairman & Interim Chief Executive Officer of Kavango, commented:

"I am delighted to be working with Simon Bowman towards the completion of this sale and purchase."

Further information in respect of the Company is provided on the Company's website at www.kavangoresources.com .