Results of General Meeting

Caracal Gold PLC

09 October 2023

 

Caracal Gold plc

('Caracal' or the 'Company')

Results of General Meeting

Caracal Gold plc, the expanding East African gold producer with over 1,300,000oz JORC-compliant gold resources, is pleased to announce that all resolutions proposed to shareholders at the General Meeting ("General Meeting") held at 4.45pm on Friday 6^th October 2023 were duly passed on a show of hands.

The proxy votes received in relation to these resolutions were as follows:

Resolution	Total Shares Voted	Shares
		For	% of votes	Against	% of votes	Withheld
Ordinary Resolution: 1. To authorise the Directors of Caracal to allot securities up to an aggregate nominal amount of £1,068,376.08.	425,492,788	416,421,462	98.43%	6,628,989	1.57%	2,442,337
Special Resolution: 2. To empower the Directors of Caracal to disapply statutory pre-emption rights to allot equity securities for cash on a non-pre-emptive basis.	425,492,788	415,753,282	98.28%	7,297,169	1.72%	2,442,337

A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" any of the resolutions.

**ENDS**

Caracal Gold plc Simon Grant Rennick Robbie McCrae	[e-mail]
VSA Capital Limited Financial Adviser and Broker Andrew Raca (Corporate Finance)	[phone]
DGWA, the German Institute for Asset and Equity Allocation and Valuation European Investor and Corporate Relations Advisor Katharina Löckinger	[e-mail]

Notes:

Caracal Gold plc is an expanding East African focused gold producer with a clear path to grow production and resources both organically and through strategic acquisitions. Its aim is to rapidly increase production to +50,000ozs p.a. and build a JORC compliant resource base of +3Moz. The company is progressing a well-defined mine optimisation strategy at its 100% owned Kilimapesa Gold Mine in Kenya, where there is significant mid-term expansion potential and the ability to increase gold production to 24,000oz p.a. and the resource to +2Moz (current JORC compliant resources of approx. 706,000oz). Alongside this, Caracal is undertaking a targeted exploration programme at the Nyakafuru Project in Tanzania, which has an established high-grade shallow gold resource of 658,751oz at 2.08g/t contained within four deposits over 280 km2 and appears amenable to development as a large scale conventional open pit operation.

Caracal's experienced team has a proven track record in successfully developing and operating mining projects throughout Africa.

The Company is a responsible mining and exploration company and supports the positive social and economic change that it contributes to the communities in the regions that it operates. It is a proudly East African-focused company: it buys locally, employs locally, and protects the environment and its employees and their families' health, safety, and wellbeing.

Caracal's shares are quoted on the Main Market of the London Stock Exchange (LON: GCAT) and on the Frankfurt Stock Exchange (FSE: 6IK). The Company is also in the process of listing on the Nairobi Securities Exchange.

 

END