Xtract Regulatory News (XTR)

For immediate release

20 August 2021

Xtract Resources Plc

("Xtract" or the "Company")

Appointment of Independent Non-Executive Director

The Board of Xtract Resources Plc is pleased to announce the appointment of Mr Kjeld Thygesen as an independent non-executive director of the Company with immediate effect.

Mr Thygesen joins the Board with a wealth of natural resource industry experience having worked as an executive director of N M Rothschild International Asset Management and subsequently, as the investment manager to several natural resource funds. Between 2002 and 2010 he served as a director of Ivanhoe Mines Ltd, which discovered and developed the Oyu Tolgoi mine in the South Gobi Desert of Mongolia, which was acquired by Rio Tinto. Mr Thygesen's particular focus is in financing, valuation and corporate development.

Colin Bird said: "We are very pleased that Kjeld Thygesen has agreed to join the Board and look forward to his contribution overall, but particularly in corporate and M&A activities. Kjeld brings a wealth of experience to the Board."

As required under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies, further disclosures on Mr. Thygesen are as follows.

Mr Kjeld Randolph Thygesen, aged 74, has held the following directorships and/or partnerships in the past five years:

Mr Thygesen holds no ordinary shares in the Company.

There is no further information on Mr Thygesen required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.

Further details are available from the Company's website which details the company's project portfolio as well as a copy of this announcement: www.xtractresources.com 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018. The person who arranged the release of this announcement on behalf of the Company was Colin Bird, Executive Chairman.

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ENDS