Jubilee Metals Group PLC

Registration number (4459850)

Registration number: JBL

Registration number: JLP

ISIN: GB0031852162

("Jubilee" or "the Company" or "the Group")

Appointment of Chief Financial Officer

New Strategic and Operational Executive Team

Jubilee Metals Group Plc, a leader in metals processing with operations in Africa (AIM: JLP/Altx: JBL), is pleased to announce the expansion of its executive leadership team in support of its growth strategy with the appointment of Neal Reynolds as Chief Financial Officer (CFO) effective October 1, 2023, as well as Ricus Grimbeek who will be leading Jubilee's expansion drive into energy metals with a specific focus on the roll-out of the Company's Zambian Copper Strategy.

Neal is a Chartered Accountant (South Africa) with a postgraduate qualification in Leadership Development.  Neal holds more than 14 years of experience in mostly African focused mining and metals operations.  He was most recently Chief Operational Officer at Chemaf, an established copper and cobalt producer in the Democratic Republic of the Congo. He began his career at Deloitte & Touche and in 2009 moved to Pan African Resources Plc.  In 2019, he was appointed CFO of Mopani Copper Mines and later became CFO of Glencore Copper Africa.

Pedja Kovacevic, the current acting CFO, will continue in his role as Chief of Strategy and Advisory once Neal has joined the Company.

Ricus is a Mining Engineer and has more than 30 years of experience in the mining industry holding various executive management and technical roles with global mining houses. He has managed numerous operations and the implementation of projects, across various mining jurisdictions. He is also a board member of Makor Resources which focuses on the formalisation of small scale and artisanal miners in Africa.

Expanded Executive Management Team

In addition to the appointment of the CFO, Jubilee has expanded its executive and senior leadership to coincide with the expansion of the Company's operations and strategic focus.

The new structure entails the formation of a Strategic Executive Committee, comprising five members including Leon Coetzer the Chief Executive Officer, along with the Chief of Operations, Chief of Strategy and Advisory, Chief of Energy Metals, and the CFO.

Reporting to them will be an Operational Executive Committee, made up of the various country heads, the heads of technical, projects, human resources, as well as finance.

Leon Coetzer, CEO, commented:

"I am pleased to welcome Neal to this important role at Jubilee and look forward to working closely with him as we continue to build capacity and grow our footprint in Zambia and investigate new opportunities in South Africa. As an accomplished mining executive with over 14 years of experience, we are delighted to have attracted someone of his calibre.

"Additionally, I am delighted to welcome Ricus to the Jubilee Metals team and believe that, with more than 30 years of experience in various management and technical roles, he will make an invaluable contribution to the team and will assist in achieving our goal of rapid growth and expansion specifically in Zambia.

"I am equally pleased to be announcing the new executive structure within the Group which I am confident provides the organisational capacity to support our ambitious growth strategy, both in South Africa and Zambia."

14 August 2023

For further information visit www.jubileemetalsgroup.com  or contact:

Jubilee Metals Group Plc

Leon Coetzer

Tel:  +27 (0) 11 465 1913

PR & IR Adviser - Tavistock

Jos Simson/ Gareth Tredway

Tel: +44 (0) 207 920 3150

Nominated Adviser - SPARK Advisory Partners Limited

Andrew Emmott/ James Keeshan

Tel: +44 (0) 20 3368 3555

Joint Broker - Berenberg

Matthew Armitt/ Jennifer Lee/ Detlir Elezi

Tel +44 (0) 20 3207 7800

Joint Broker - WHIreland

Harry Ansell/ Katy Mitchell

Tel: +44 (0) 20 7220 1670/+44 (0) 113 394 6618

Joint Broker - Shard Capital Partners LLP

Damon Heath/ Erik Woolgar

Tel +44 (0) 20 7186 9900

JSE Sponsor - Questco Corporate Advisory Proprietary Limited

 Alison McLaren

Tel: +27 (11) 011 9212