2024 Annual Accounts - Caracal Holdings Limited

Caracal Gold plc / LSE: GCAT / Market: Main Market of the London Stock Exchange

13 May 2025

Caracal Gold Plc

('Caracal' or the 'Company')

2024 Annual Accounts - Caracal Holdings Limited

Caracal Gold PLC, the East African focused gold company is pleased to announce that the annual accounts for the Company's subsidiary, Caracal Holdings Limited for the year ending 31 May 2024 ("CHL Annual Accounts") have been signed off by the Company's directors and lodged with Companies House in the United Kingdom.

The CHL Annual Accounts have been provided to the Company's auditors in the United Kingdom, RPGCC, the trading name of RPG Crouch Chapman LLP, who are finalising the Company's consolidated accounts for the year ending 30 June 2024, and which will be released shortly.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse 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.

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For further information visit www.caracalgold.com or contact the following:

Notes:

Caracal Gold plc is an expanding East African focused gold company with a clear strategy to grow production and resources both organically and through strategic acquisitions. Its immediate aim is to recommence and 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.