Hummingbird Regulatory News (HUM)

Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining

10 January 2024

Hummingbird Resources plc

("Hummingbird" or the "Company")

Result of General Meeting, Director Dealing and TVR

Hummingbird Resources plc (AIM: HUM) is pleased to announce that all resolutions were duly passed at the General Meeting held earlier today.

As detailed in the 10 January 2024 update, with the Resolutions now passed at the General Meeting, the sum of the CIG Subscription, the Subscription and the Open Offer, results in total gross proceeds for the Company of c.US$28.1 million (c.£22.2 million).

Following the issue of the CIG Second Tranche Shares, CIG will have a holding of 334,665,274 Ordinary Shares, representing an interest of 41.9 per cent. in the share capital of the Company as enlarged by the fundraising.

Admission and Total Voting Rights

Application has been made to the London Stock Exchange for the admission of the 142,522,475 CIG Second Tranche Shares, 13,987,560 Second Tranche Subscription Shares and 2,369,119 Open Offer Shares to trading on AIM, which is expected to take effect on or around 11 January 2024 (''Admission'').

Following Admission, the Company's issued share capital will consist of 799,374,658 Ordinary Shares, all with voting rights. The Company currently does not hold shares in treasury. The total number of voting rights in the Company following Admission is therefore 799,374,658, which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

Director Dealings

As previously announced on 21 December 2023, Ernie Nutter, Non-Executive Director of the Company, conditionally subscribed for 6,993,780 Second Tranche Subscription Shares, representing a shareholding of approximately 0.9 per cent. of the Company's issued share capital as enlarged by the fundraising. Please refer to the below PDMR notification in this regard.

As announced today, Tom Hill, Finance Director of the Company, participated in the Open Offer through an application for 150,000 Open Offer Shares. Please refer to the Company's earlier announcement today for the PDMR notification in this regard.

Unless otherwise defined, capitalised terms have the same meaning as per the Company's circular dated 21 December 2023.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

**ENDS**

Notes to Editors:

Hummingbird Resources plc (AIM: HUM) is a leading multi-asset, multi-jurisdiction gold producing Company, member of the World Gold Council and founding member of Single Mine Origin (www.singlemineorigin.com). The Company currently has two core gold projects, the operational Yanfolila Gold Mine in Mali, and the Kouroussa Gold Mine in Guinea, which will more than double current gold production once at commercial production. Further, the Company has a controlling interest in the Dugbe Gold Project in Liberia that is being developed by joint venture partners, Pasofino Gold Limited. The final feasibility results on Dugbe showcase 2.76Moz in Reserves and strong economics such as a 3.5-year capex payback period once in production, and a 14-year life of mine at a low AISC profile. Our vision is to continue to grow our asset base, producing profitable ounces, while central to all we do being our Environmental, Social & Governance ("ESG") policies and practices.

For further information, please visit hummingbirdresources.co.uk or contact: