Update on Exclusivity Agreement

RNS Announcement

RNS Number : 4697L

Arc Minerals Limited

13 January 2021

Arc Minerals Ltd

('Arc' or the 'Company')

Update on Exclusivity Agreement with Anglo American

Arc Minerals ("Arc") announces that it has received a formal notice from Anglo Exploration Zambia Ltd ("Anglo American") dated 6 January 2021 that, following due diligence, it is sufficiently satisfied to give notice to conduct negotiations in respect of a commercial transaction prior to the expiry of the extended exclusivity period of 180 days, commencing in January 2021.

Arc reminds shareholders that there can be no guarantee that the Company will enter into any commercial transaction with Anglo American.

**ENDS**

Contacts

Arc Minerals Ltd

Nick von Schirnding (Chairman)

+44 (0) 20 7917 2942

SP Angel (Nominated Adviser & Broker)

Ewan Leggat / Adam Cowl

WH Ireland Ltd (Joint Broker)

Harry Ansell / Katy Mitchell

+44 (0) 20 3470 0470

+44 207 220 1666

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END

MSCUUSARAOUAAUR

RNS metadata

Title: Update on Exclusivity Agreement
Time: 07:00:06
Date: 13 Jan 2021
Category: Miscellaneous
ID: 4697L