Directorate Changes

Cradle Arc plc / EPIC: CRA.L / Market: AIM / Sector: Mining

5 September 2018

Cradle Arc plc

("Cradle Arc" or the "Company")

Directorate Changes

Cradle Arc (AIM: CRA), the African focused base and precious metals exploration and production company, further to its announcement of 29 August 2018, is pleased to announce the appointments of Roy Pitchford and Michael Golding as Non-Executive Chairman and Non-Executive Director respectively, with immediate effect.

Accordingly, Toby Howell has stepped down from the Board of the Company with immediate effect in order to pursue his other business interests. The Company would like to thank Mr Howell for his contribution towards its development and wishes him well for his future endeavors.

Mr Pitchford has in excess of 25 years' senior management and executive experience in Southern Africa in the mining industry. During his career in the resource development arena he has held the position of Chief Executive Officer or Managing Director for Vast Resources Plc, Central African Gold PLC, African Minerals Limited, Cluff Resources Zimbabwe Limited, Delta Gold Zimbabwe (Pvt) Limited, African Platinum plc and Zimbabwe Platinum Mines Ltd. He is a Zimbabwean citizen who was educated in Bulawayo, where he subsequently qualified as a Chartered Accountant. He is a past President of The Chamber of Mines of Zimbabwe.

Mr Golding has over 20 years' of corporate and project finance experience during which time he has advised on in excess of 50 transactions in the mining industry. He was previously the South African head of Corporate Finance for Billiton Plc, following which he acted as a director at HSBC Investment Services Africa Limited, Actis Plc and Imara Holdings Ltd. He currently serves as Non-Executive Chairman to CCP 12J Fund Limited and has run a boutique corporate and project advisory business for over 10 years. He is a member of the South African Institute of Chartered Accountants and holds the degree of Master of Business Leadership from the University of South Africa.

Roy Aubrey Pitchford (aged 67)

Mr Pitchford was previously a director of Glyncastle plc, formerly named Unity Power plc, along with its subsidiaries which are denoted with an asterisk (*) above. Glyncastle plc and its subsidiaries were placed into administration on 30 October 2013 when Mr Pickford was a director and the administration process is ongoing.

Michael Sean Golding (aged 51)

Neither Mr Pitchford nor Mr Golding hold any interest in the Company's ordinary shares.

There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two of the AIM Rules for Companies.

**ENDS**

For further information on the Company, please visit www.cradlearc.com or contact:

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

About Cradle Arc

AIM-quoted Cradle Arc plc is the 60 per cent. owner of the Mowana copper mine in Botswana, a fully operational open pit mine and processing facility located in the north-east of the country, approximately 120km northwest of Francistown.

The Company recently released a maiden open pit ore reserve estimate (Proved and Probable) of 31.8Mt at 1.17% Cu for 370,800 tonnes contained copper metal, based on a Dense Media Separation (DMS) mine plan.