PFP.L Regulatory News (PFP)

12 April 2018

Pathfinder Minerals plc

("Pathfinder" or the "Company")

Further Re. Placing

Further to the announcement of 26 March 2018 regarding speculation on the Internet regarding a prospective placing of the Company's shares at 0.6 pence per share, Pathfinder confirms that it is no longer currently contemplating an issue of up to 75,000,000 shares.

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

Enquiries:

Pathfinder Minerals Plc

Nick Trew, Chief Executive

Tel. +44 (0)20 3440 7775

WH Ireland Limited (Nomad and Corporate Broker)

James Joyce or Jessica Cave

Tel. +44 (0)20 7220 1666

Vigo Communications (Public Relations)

Ben Simons or Kate Rogucheva

Tel. +44 (0)20 7830 9700

Email. pathfinderminerals@vigocomms.com

Notes to Editors:

Pathfinder Minerals Plc is incorporated in England and is admitted to trading on the AIM market of the London Stock Exchange.

CMdN, a subsidiary of Pathfinder, was issued mining concession licences 760C and 4623C on 13 September 2004 and 13 July 2011 respectively, each for a period of twenty-five years. Taken together, these mining concessions cover approximately 32,000 hectares of land on the Indian Ocean coast of the Zambezia province of Mozambique, known to contain the heavy minerals, ilmenite, rutile and zircon.

As announced on 3 February 2012, ownership of these licences is being disputed.