TIDMBKY

RNS Number : 1775V

Berkeley Energia Limited

03 April 2023

BERKELEY ENERGIA LIMITED

NEWS RELEASE | 3 April 2023

Permitting update

Berkeley Energia Limited (the "Company") advises that, following the formal notification from the Ministry for Ecological Transition and the Demographic Challenge ("MITECO") in relation to the rejection of the administrative appeal filed by the Company's wholly owned Spanish subsidiary, Berkeley Minera España ("BME"), against MITECO's rejection of the Authorisation for Construction for the uranium concentrate plant as a radioactive facility ("NSC II") at the Salamanca project (refer announcement dated 7 February 2023), BME has now submitted a contentious-administrative appeal before the Spanish National Court.

MITECO's rejection of BME's administrative appeal concluded the administrative process however, in accordance with the law in Spain, BME has now submitted its contentious-administrative-appeal in the Spanish Courts to continue defending its position.

In the Company's strong opinion, MITECO has rejected the NSC II application and the administrative appeal without following legally established procedure, including taking into account the various 'Improvement Reports' which supplemented BME's initial NSC II application, which implies the rejection is not legal.

Whilst the Company's focus is on resolving the current permitting situation, and ultimately advancing the Salamanca project towards production, the Company and BME will continue to strongly defend its position and take all necessary actions to preserve its rights.

Initiation of the contentious-administrative appeal is necessary to preserve BME's rights however, the Company reiterates that it is prepared to collaborate with the relevant authorities and remains hopeful that the permitting situation can be resolved amicably.

The Company will continue to update the market on any material developments.

For further information please contact:

   Robert Behets                                     Franciso Bellón 
   Acting Managing Director                     Executive Director 
   +61 8 9322 6322                                   +34 923 193 903

info@berkeleyenergia.com

This announcement has been authorised for release by Mr Robert Behets, Director.

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April 03, 2023 07:12 ET (11:12 GMT)

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