Unicorn Mineral Resources Regulatory News (UMR)

Unicorn Mineral Resources

("Unicorn" or "the company")

9 December 2024

Subscription for £366,544 Convertible Loan Notes

Unicorn Mineral Resources Plc (LSE: UMR) is pleased to announce that, further to the statement made at the AGM in October 2024 regarding the potential issue of the remaining convertible loan notes, the Company has received signed subscription letters for £366,544 convertible loan notes ("Subscription"). This completes the issue of all £600,000 notes that were constituted on 13 December 2023 ("Loan Notes") and will be converted into 6,000,000 new ordinary shares €0.01 each of the Company ("Shares"). The funds raised by the Subscription will be used for general working capital purposes, for exploration at Kilmallock and Lisheen and for due diligence on prospects in Africa.

The Loan Notes are due to be redeemed or converted by 31 December 2024. Conversion of the Loan Notes is subject to the publication of an FCA approved prospectus. The conversion price is 10p per Share. The Company and its advisers anticipate being able to publish the required prospectus within the required time frame.

The Subscription has been taken up by Electro Automation Group Limited ("Electro Automation"), which is owned and managed by Patrick Doherty, the Company's Chairman, and by Gathoni Muchai Investments Limited ("GMI"), a company of which Jason Brewer, the Company's Executive Director, and his wife are co-founders and directors. Electro Automation and GMI have each subscribed for £183,272 Loan Notes.

Following the Subscription, the holdings of Mr Doherty and Mr Brewer in the Loan Notes will be as follows:

Notes:

1. £6,104 Loan Notes are held by Mr Doherty and £244,397 are held by Electro Automation.

2. Mr Brewer's interest is held by GMI.

This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).

For further information, please visit www.UnicornMineralResources.com or contact: