TIDMPAT

RNS Number : 7799Q

Panthera Resources PLC

23 October 2019

23 October 2019

Panthera Resources Plc

("Panthera" or "the Company")

Rajasthan Court Hearing and Financing Update

Panthera Resources plc (AIM: PAT), the gold exploration and development company with assets in India and West Africa, provides an update on the Court case pending with the Rajasthan High Court and the recently announced financing agreement with Republic Investment Management.

MMI's case on behalf of the Joint Venture was not heard on Friday 18 October 2019 as anticipated and was rescheduled for 22 October 2019. However, it was listed at number 221 and the Court failed to process the case, again as a result of staffing shortages. We await confirmation of a new date for the hearing and will advise the market accordingly.

Additionally, we have been advised by Republic Investment Management that the final GBP100k tranche of the recently announced GBP500k financing has been authorised for transfer to Panthera's account. Upon receipt of those funds we will advise the market regarding settlement details.

Enquiries

Panthera Resources PLC

   Geoff Stanley (CEO)                                      +1 (917) 941 7704

Nominated Advisor and Broker

   RFC Ambrian                                                  +44 (0) 20 3440 6800

Rob Adamson

Bhavesh Patel

Charlie Cryer

Market Abuse Regulation (MAR) Disclosure

The information communicated in this announcement includes inside information for the purposes of Article 7 of Regulation 596/2014.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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October 23, 2019 02:00 ET (06:00 GMT)

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