10 May 2022

Panthera Resources Plc

("Panthera" or "the Company")

Change of Adviser

Panthera Resources plc (AIM: PAT), the gold exploration and development company with assets in India and West Africa, advises the appointment of Novum Securities Limited ("Novum") as joint broker, with immediate effect. Allenby Capital Limited will continue to support the Company in its role as nominated adviser and joint broker.

The Company has issued 266,667 new ordinary shares ("Shares") to Novum Securities Limited ("Novum") to settle fees in relation to their appointment as joint broker.

Application for Admission

Application has been made to the London Stock Exchange for 266,667 new ordinary Panthera shares issued in respect of the Novum Shares to be admitted to trading on the AIM market with admission to occur on or around 11 May 2022 ("Admission"). The issued new ordinary Panthera shares will rank pari passu in all respects with the existing ordinary Panthera shares.

Following the Admission of the new Shares, the issued ordinary share capital of Panthera will consist of 119,314,589 Shares. 

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of Panthera following the allotment of the Shares consists of  119,314,589 ordinary shares of 1 pence each,  with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Panthera under the DTRs. Admission of the Shares is expected to become effective and dealings to commence at 8.00 am on or around 11 May 2022.

Contacts

Panthera Resources PLC

Mark Bolton (Managing Director)                                                                              +61 411 220 942

                                                                                                            [email protected]

Allenby Capital Limited (Nominated Adviser & Joint Broker)             +44 (0) 20 3328 5656

John Depasquale / Vivek Bhardwaj (Corporate Finance)                                                               

Novum Securities Limited (Joint Broker)                                                      +44 (0) 20 7399 9400

Colin Rowbury                                                                                                                                                  

Financial Public Relations

Vigo Consulting Ltd                                                                                                  +44 (0)20 7390 0230

Oliver Clark / Chris McMahon

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UK Market Abuse Regulation (UK MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

Forward-looking Statements

This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterised by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.