Investment in Kalahari Key Mineral Exploration Pty

Two Shields Investments Plc / EPIC: TSI / Market: AIM

3 August 2018

Two Shields Investments Plc ("Two Shields" or the "Company")

Increases Interest in Kalahari Key Minerals Exploration (Pty) Limited to 22.2%

Two Shields Investments Plc, the AIM-quoted investing company, is pleased to announce that in line with its strategy to invest in battery metals it has made a further investment of US$50,000 to increase its interest in Kalahari Key Mineral Exploration (Pty) Limited ("KKME" "Kalahari Key") (acquired in September 2017) to 22.5%. KKME was founded by Dr Roger Key MBE to explore for base and precious metals, notably nickel and platinum group elements, by applying a new exploration model to the highly prospective Molopo Farms Complex that covers land in Southern Botswana and the Republic of South Africa.

· TSI has entered into a revised agreement with KKME to take its interest from 20% to 22.2%

· Acquisition of an additional 2.2% of the issued shares of KKME for a purchase price of US$50,000 cash

· KKME holds two prospecting licences within the Molopo Farms Complex, a large, layered ultrabasic/basic intrusion which has proven potential for nickel and platinum group elements

Kalahari Key has successfully carried out a detailed geological study of its licence areas in the Molopo Farms District of southern Botswana using historical data including groundwater and metal exploration borehole logging, geochemical surveys and both ground-based and fixed-wing airborne geophysics. It is estimated by Kalahari Key that the total value of these studies, if KKME had commissioned them anew, would have cost approximately $1M at present day values.

KKME's work to date has mostly been carried out by its principals, Dr Roger Key, Dr Andy Moore and Mr Simon Bate, who together have over 100 years of expertise in the geology of Botswana, at virtually no direct cost to KKME. This re-interpretation of existing data has indicated that the best targets for nickel-PGE mineralization are possibly in the feeder/shear zone, such as at the Voisey's Bay complex in Canada or the Fraser Range complex in Australia. 

Building on this work, KKME has decided that the next stage will be a high resolution, helicopter borne time domain electro-magnetic survey (TEM) over the target areas to identify drill targets. Kalahari Key is using its retained funds, supplemented by this new investment from TSI and others, to sign a contract for the work with a leading contractor. It is expected that the flying will take place in September and the full analysis of results will be available by December 2018.

KKME reported a loss before and after tax of approximately BWP 337k (approximately £25k) for the 30 months to 30 April 2017 and it had net assets at 30 April 2017 of approximately BWP 424k (approximately £32k).

Charlie Wood, Chairman of Two Shields, commented, "The recent work completed by Kalahari is highly encouraging and the Board of TSI is of the opinion that there is high potential that the valuable resources of platinum, nickel and possibly associated metals will be identified as a result of the upcoming survey, greatly enhancing the value of TSI's investment in KKME. It is expected that there will be further updates towards the end of 2018 when full analysis of the TEM is completed, and I look forward to updating our shareholders accordingly."

**Ends**

For further information please visit https://twoshields.co.uk/ or contact:

Notes to Editors:

Two Shields Investments Plc is an investing company, quoted on the AIM market of the London Stock Exchange, with a strategy focused on identifying and investing in opportunities in mineral exploration and mining and also Digital Assets, financial technologies and other technologies applicable to, or involved in, the blockchain space. The Company has an experienced Board of Directors with a proven pedigree in the acquisition, development & sale of projects and creating value for shareholders. The investment mandate covers unquoted and quoted businesses, as well as direct project investment.

The Company currently has investments in a number of companies which provide exposure to commodities which are relevant to the rapidly growing technology metal sector, including lithium, cobalt and nickel, as well as strategic positions in a geoscience consultancy and a leading international company in the online brand protection, anti-counterfeiting and anti-fraud sector which has developed the one of the most comprehensive systems using AI powered cyber intelligence systems and is developing its proprietary blockchain-based platform for anti-fraud purposes in addition to a leading social e-commerce digital platform.