19 April 2023

Panthera Resources Plc

("Panthera" or "the Company")

Update in respect of Equity Financing

Gold exploration and development company Panthera Resources Plc (AIM: PAT), with assets in West Africa and India provides the following update in respect of the Company's equity financing announced on 29 March 2023.

The Company previously advised that the 23,650,590  New Ordinary Shares will be admitted to trading on AIM on or around 19 April 2023.  This is now expected to occur on or around 26 April 2023.

Upon Admission of the 23,650,590 New Ordinary Shares , the Company's issued ordinary share capital will consist of 154,504,671 ordinary Shares with one voting right each. The Company does not hold any ordinary Shares in treasury. Therefore, the total number of ordinary Shares and voting rights in the Company will be 154,504,671. With effect from Admission, this figure may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Unless otherwise defined herein, the capitalised defined terms used in this announcement have the same meaning as those used in the Company's announcement on 29 March 2023.

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)                                                               

Kelly Gardiner / Stefano Aquilino (Sales & Corporate Broking)

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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**ENDS**