Mambare: Grant of Environmental Permit

Corcel PLC

("Corcel" or the "Company")

Mambare : Grant of of Environmental Permit

13 May 2021

Corcel Plc, ("Corcel" or "the Company"), the natural resource exploration and development company with interests in battery metals and flexible grid solutions, announces that on the morning of 13 May  2021 it was informed by its Joint Venture partner that it has received the approval of the Environmental Permit Ep-L2 (708) authorising the excavation of laterite ore deposit and DSO operations at the Company's Mambare Nickel Cobalt project. The approval is conditional, as is normal in PNG, on the activity complying with the Environmental Act 2000 and its policy objectives and on certain further plans and submissions being completed within three months. This completes a long period of review by the PNG Government since formal lodgement in December 2018.

For Further Information Contact:

Scott Kaintz 0207 747 9960                                                        Executive Director Corcel Plc

Roland Cornish/Rosalind Hill Abrahams 0207 628 3396         NOMAD Beaumont Cornish Limited
Thomas Smith 020 7392 1432                                                     Broker Monecor (London) Ltd (ETX Capital)

Simon Woods 0207 3900 230                                                     IR Vigo Communications               

This announcement contains inside information under Article 7 of Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.