1 September 2022

Keras Resources plc / Index: AIM / Epic: KRS / Sector: Mining

Keras Resources plc ('Keras' or the 'Company')

Directorate Changes

Keras Resources plc (AIM: KRS) is pleased to announce changes to the Board of Directors as of 1 September 2022.  As announced in the Annual Results, Brian Moritz has stepped down as Chairman but will continue in his role of Company Secretary and Non-Executive Director and Russell Lamming, previously CEO of Keras has been appointed as Non-Executive Chairman.  Dave Reeves has stepped down as a Non-Executive Director and Claire Parry has been appointed as Independent Non-Executive Director.

Claire Parry is a Chartered Accountant and a partner in the Canterbury office of Azets, a top 10 UK accounting firm. She has specialised in the application of IFRS and accounting and financial control generally for smaller quoted companies, primarily in the natural resources sector. Claire's career in accountancy spans more than twenty years. She achieved her ACCA qualification in 1997 and ACA in 2008. After seventeen years at Lakin Clark, where she became a Partner in 2011, Claire became a Partner at Wilkins Kennedy following the Lakin Clark merger in May 2016. As of September 2020, Claire became a Partner of Azets, following the rebrand of the Cogital Group, which in 2018 acquired Wilkins Kennedy.

Russell Lamming, Chairman of Keras, commented, "I would like to thank Dave and Brian for the tireless commitment and support that they have provided to Keras since our AIM admission in 2011.  Dave was instrumental in listing Calidus Resources Ltd on the ASX - a spin out from Keras in 2016, a company that still has a significant number of Keras shareholders and yields value. We wish him well in his future endeavours and I look forward to working with Brian in his new role."

"In tandem, we are delighted to welcome Claire to Keras. Her experience in finance and accounting will be an asset for Keras as we continue to build our position in the fast-growing US organic phosphate to fertiliser market."

Regulatory disclosures

In accordance with Schedule 2(g) of the AIM Rules, Claire Louise Parry (née Fuller), aged 49 holds, or has held in the past five years, the following directorships and partnerships:

Mrs Parry does not currently hold any shares in the Company.

There is no further information to be disclosed in respect of the above appointment pursuant to Rule 17 and Schedule 2 paragraph (g) of the AIM Rules for Companies.

**ENDS**

For further information please visit www.kerasplc.com, follow us on Twitter @kerasplc or contact the following:

Notes:

Keras Resources (AIM: KRS) wholly owns the Diamond Creek organic phosphate mine in Utah, US. Diamond Creek is one of the highest-grade organic phosphate deposits in the US and is a fully integrated mine to market operation with in-house processing facilities. The operation produces a variety of organic phosphate products that can be tailored to customer requirements for fertiliser.

The Company is focused on continuing to build market share in the fast-growing US organic fertiliser market and build Diamond Creek into the premier organic phosphate producer in the US.

Additionally, Keras holds an 85% interest in the Nayéga manganese project in Togo, which hosts an 8.4 million tonne manganese oxide Ore Reserve in northern Togo, held through Togolese subsidiary Société Générale des Mines SA (SGM).