Kodal Minerals Regulatory News (KOD)

Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining

20 November 2017

Kodal Minerals plc ('Kodal Minerals' or 'the Company')

Board Appointment

Kodal Minerals plc, the AIM quoted mineral exploration and development company, is pleased to announce the appointment of Dr Qingtao Zeng to the Kodal Board as a non-executive Director with immediate effect. Dr Zeng is the appointed representative of Suay Chin International Pte ("Suay Chin") which recently completed its subscription to take a 20 per cent shareholding in the Company.

Dr Zeng completed a PhD in geology at the University of Western Australia in 2013. Dr Zeng has been engaged as a consulting geologist, principally working with CSA Global based in Perth, Australia, and has a range of geological and commercial specialities. Since 2015, Dr Zeng has been extensively involved in the lithium exploration and development sector and through his strong network of contacts throughout China has helped clients complete a range of contracts relating to the supply or purchase of lithium in the form of concentrate or direct shipping ores.

Commenting on the appointment, Robert Wooldridge, Chairman, said "We are delighted to welcome Qingtao to our Board as further demonstration of the support and cooperation from Suay Chin. Qingtao is an experienced mining consultant and his knowledge and advice will be of great benefit to the Company as we continue to explore and develop our Bougouni lithium project in Mali."

Under the Relationship Agreement between the Company and Suay Chin, Suay Chin has the right to Board representation for as long as it holds not less than 12 per cent of the issued share capital of the Company. In addition, Dr Zeng has been granted options over 10 million ordinary shares of the Company. These options are exercisable at a price of 0.38 pence per share, being the same price as the recent subscription to shares by Suay Chin, and have a life of 5 years from grant. 50 per cent. of the options are exercisable immediately, with a further 25 per cent. becoming exercisable after one year and the remaining 25 per cent. becoming exercisable in two years' time.

AIM rules disclosures

Dr Qingtao Zeng, aged 34, is, or has during the last five years been, a director or partner of the following companies and partnerships:

**ENDS**

For further information, please visit www.kodalminerals.com or contact the following:

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