Premier African Minerals Regulatory News (PREM)

Premier African Minerals Limited / Ticker: PREM / Index: AIM / Sector: Mining

For immediate release

 22 June 2020

Premier African Minerals Limited

Extension to reporting deadline

Premier African Minerals Limited ("Premier" or the "Company") announces that, further to the guidance provided by AIM Regulation in "Inside Aim" on 26 March 2020, the Company has been granted an extension of up to three months for the reporting and filing of its financial results for the year ended 31 December 2019, such that it will publish these results as soon as possible, but by no later than 30 September 2020.

George Roach, CEO commented, "The extent of the shutdown imposed initially in South Africa and now lately in Zimbabwe was such that neither site visits nor even business travel was possible, and the result is that proper reassessment of the Company projects for purposes of the audit (including any review of historic impairments) could not be undertaken.

Elements of the audit are well advanced, and the Company does not foresee any difficulty in meeting the 30 September 2020 deadline for both annual financials and interims. A further update will be provided in due course."

Enquiries:

Notes to Editors:

Premier African Minerals Limited (AIM: PREM) is a multi-commodity mining and natural resource development company focused on Southern Africa with its RHA Tungsten and Zulu Lithium projects in Zimbabwe.

The Company has a diverse portfolio of projects, which include tungsten, rare earth elements, lithium and tantalum in Zimbabwe, encompassing brownfield projects with near-term production potential to grass-roots exploration. The Company holds 5,010,333 shares in Circum Minerals Limited, the owners of the Danakil Potash Project in Ethiopia, which has the potential to be a world class asset.

In addition, the Company holds a 19% interest in MN Holdings Limited, the owner and operator of the Otjozondu Manganese Mining Project in Namibia.

ENDS