Blencowe Resources Regulatory News (BRES)

8 December 2021

BLENCOWE RESOURCES PLC

("Blencowe" or the "Company")

Investor Webinar Call

Blencowe Resources (BRES:LON), the graphite explorer developing the Orom-Cross jumbo flake graphite project in Uganda, is pleased to announce that it will host a shareholder conference call and Q&A via Zoom conferencing on Monday 13 December 2021 at 12:00 noon UK time (8:00 p.m. WST time).

The call will be hosted by Blencowe's CEO Mike Ralston who will update on the Company's recently announced Preliminary Economic Assessment as well as discussing Blencowe's 2022 work programme.

Interested investors are invited to register using the following link:

https://us02web.zoom.us/webinar/register/WN_0QMoNsT3TpmS1B3SouwqeA

Shareholders who wish to do so are invited to submit questions via email to info@blencoweresourcesplc.com

The most recent copy of the Company's corporate presentation can be found at the following link:

https://blencoweresourcesplc.com/presentation/

Please note that until the Q&A session has begun that all participants will initially be muted without audio with the exception of Company management. A recording of the call will also be made available on the Company's website following the call.

**ENDS**

Contacts

Notes

Orom-Cross is a potential world class graphite project both by size and end-product quality, with a high component of more valuable larger flakes within the deposit. A 21-year Mining Licence for the project was issued by the Ugandan Government in 2019 following extensive historical work on the deposit and following delivery of exceptional metallurgy test results (July 2021 and an outstanding Preliminary Economic Assessment (September 2021) Blencowe is moving into the Pre-Feasibility Study (PFS) stage as it drives towards first production.

Orom-Cross is a large, shallow open pitable deposit, with an estimated overall resource between 2-3 billion tonnes of graphite with 16.3Mt already drilled to JORC Resource standard, covering an initial 13-year life of mine. Development of the resource is expected to benefit from a low strip ratio and free dig operations thereby ensuring lower operating and capital costs.

Blencowe's Preliminary Economic Assessment (PEA) for Orom-Cross presents the project as low-cost with robust financials and the Company is confident that Project economics can improve further, notably by extending the life of mine and/or increasing the levels of production. The September 2021 PEA delivered an NPV8 of US$317M and IRR 49% with an average nameplate production of 75,000tpa graphite sold as concentrate, with ability to extend this after further drilling.