28 December 2022

Pathfinder Minerals Plc

("Pathfinder" the "Company")

Update re Loan Agreement

Further to the Loan Agreement announcement released by the Company on 29 September 2022 pursuant to which Pathfinder was provided with an unsecured loan facility of up to £120,000 (the "Loan") for working capital purposes, Pathfinder announces that it has agreed with the lender⁽¹⁾ to extend the Loan repayment date from 2 February 2023 to 31 March 2023 and that the lender has agreed to increase the facility by up to a further £40,000 on the same terms, to be drawn upon by Pathfinder if necessary. All other terms of the Loan remain unchanged.

(1)      Per 29 September 2022 RNS, arranged by an FCA authorised financial institution - and ultimately placed with an individual, Adam Dziubinski

Enquiries:

Pathfinder Minerals Plc

Peter Taylor, Chief Executive Officer

Tel. +44 +44 (0)20 3143 6748

Strand Hanson Limited (Nominated & Financial Adviser and Broker)

James Spinney / Ritchie Balmer / Abigail Wennington

Tel. +44 (0)20 7409 3494

Vigo Consulting (Investor Relations)

Ben Simons / Kate Kilgallen

Tel. +44 (0)20 7390 0234

Email [email protected]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").