Proposed Change of Name

Caracal Gold Plc

('Caracal' or the 'Company')

Proposed Change of Name

Caracal Gold Plc, the East African focused gold company, announces that it intends to apply to Companies House to change the Company's name to Imara Gold Plc (the "Name Change"). 

The Name Change will also be applied to all the Company's operating subsidiaries in East Africa.

Following the Name Change becoming effective, the Company will be known as Imara and the Company will adopt "IGLD" as a new stock ticker.

A further announcement will be made when the name change becomes effective.

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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 gold production and gold resources both organically and through strategic acquisitions and partnerships in Kenya, Tanzania, Uganda, Eritrea and Burundi.

Headquartered in Nairobi, Kenya, Caracal 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.