Adjournment of AGM & Corporate Update

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

17 March 2020

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

Adjournment of AGM & Corporate Update

Keras Resources plc, the AIM listed mineral resource company, has been informed that, following government advice on 16 March 2020, Memery Crystal's offices have been closed for meetings. The Annual General Meeting convened for 2.00pm on 18 March 2020 at those offices will therefore be adjourned. As soon as possible a notice convening the adjourned Annual General Meeting will be sent to shareholders. Proxy votes received for the AGM are in favour of all the resolutions being proposed, with more than 99% in favour in each resolution. These proxy votes will be valid for the adjourned meeting unless countermanded.

Keras places the safety and wellbeing of its employees and contractors as the highest priority. Accordingly, in response to the outbreak of the Covid-19 pandemic, a business continuity programme has been put in place to protect employees while ensuring the safe operation of the Company.   This has resulted in all non-essential travel being cancelled, while all activities at Nayega and the regional office in Lomé have been reduced to essential staff only.  The Company has also asked any employee feeling unwell to stay at home. 

The Company continues to work with all stakeholders in Togo to complete the final documentation related to the Nayéga exploitation permit.  Covid-19, in tandem with the presidential election held on 22 February 2020 where incumbent President Faure Gnassingbé was re-elected, have delayed this process and as such, commercial activities at Nayega will not commence in the first quarter of 2020.

The Company is maintaining a cautious approach and has reduced its operating expenses to a minimum in these uncertain times; it will update shareholders when it has additional information to share.

This announcement contains inside information for the purposes of Article 7 of Regulation

For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of Russell Lamming, Chief Executive Officer.  This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

**ENDS**

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