6 August 2025

KEFI Gold and Copper plc

("KEFI" or the "Company")

Tulu Kapi Gold Project Update

KEFI (AIM: KEFI), a gold and copper exploration and development company focused on the Arabian-Nubian Shield with a pipeline of projects in the Federal Democratic Republic of Ethiopia, and the Kingdom of Saudi Arabia, is pleased to provide update on the Tulu Kapi Gold Project (the "Project" or "TKGM") preparations for full Project development.

Highlights

Project Update

Early Works: after inspections by the relevant independent certifiers, security, community and site preparations are considered all in order for full Project development.

Major Works: as previously reported, initial construction and security camps, property surveys and new host lands for the community were brought forward into the pre-full launch period.  These and other site tasks have been certified as being in order for full Project development.

Updated Project Costs and Schedule:

Definitive Documentation:

Drawdown:

KEFI Executive Chairman, Harry Anagnostaras-Adams, commented: "I extend my sincere thanks to the teams of all stakeholders for their hard work and diligence in preparing the full launch of the Tulu Kapi Gold Project. This transaction marks a first of its kind in Ethiopia; a bespoke syndicate of carefully selected parties operating within a structure designed to effectively manage risk. Each syndicate member is a leader in its field, is committing for the long term and is fulfilling its role with exemplary professionalism. I thank them on behalf of KEFI and our shareholders, who I also especially thank for their patience and support for us preparing the Project for this exciting moment."

Enquiries

Further information can be viewed at https://www.kefi-goldandcopper.com