RNS Number : 4015P
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 6th 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

robbie@kilimapesa.com

VSA Capital Limited

Financial Adviser and Broker

Andrew Raca (Corporate Finance)

+44 203 005 5000

DGWA, the German Institute for Asset and

Equity Allocation and Valuation

European Investor and Corporate Relations Advisor

Katharina Löckinger

info@dgwa.org

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.

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