Panthera Res. Regulatory News (PAT)

6 December 2021

Panthera Resources Plc

("Panthera" or "the Company")

Exercise of Warrants

Panthera Resources plc (AIM: PAT), the gold exploration and development company with assets in India and West Africa, advises that it has issued 500,000 new ordinary shares following the conversion of 500,000 warrants at an exercise price of 6.68 pence per warrant for total gross proceeds of £33,400.

Application for Admission

Application will be made to the London Stock Exchange for 500,000 new ordinary Panthera shares issued in respect of the exercise of warrants, to be admitted to trading on the AIM market with admission expected to occur on or around 10 December 2021 (Admission). The issued new ordinary Panthera shares will rank pari passu in all respects with the existing ordinary Panthera shares.

Following the Admission of the new Shares, the issued ordinary share capital of Panthera will consist of 104,916,258 shares.

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of Panthera following the allotment of the Shares consists of 104,916,258 ordinary shares of 1 pence each, with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Panthera under the DTRs. Admission of the Shares is expected to become effective and dealings to commence at 8.00 am on 10 December 2021.

Contacts

Panthera Resources PLC

Mark Bolton (Managing Director) +61 411 220 942

contact@pantheraresources.com

Allenby Capital Limited (Nominated Adviser & Broker) +44 (0) 20 3328 5656

John Depasquale / Vivek Bhardwaj (Corporate Finance)

Financial Public Relations

Vigo Consulting Ltd +44 (0)20 7390 0230

Oliver Clark / Chris McMahon

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UK Market Abuse Regulation (UK MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

Forward-looking Statements

This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterised by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

**ENDS**