COVID-19 UPDATE

Katoro Gold plc (Incorporated in England and Wales)

(Registration Number: 9306219)

Share code on AIM: KAT

ISIN: GB00BSNBL022

("Katoro" or "the Company")

25 March 2020

Katoro Gold plc ('Katoro' or the 'Company')

COVID-19 UPDATE

Katoro Gold plc (AIM: KAT), the AIM listed gold and nickel exploration and development company with operations in Tanzania and a Joint Venture ('JV') agreement to exploit six gold tailings dams in South Africa, provides the following update in light of the COVID-19 pandemic.

The South African Government has announced that the National Coronavirus Command Council has decided to enforce a nationwide lockdown for 21 days, with effect from midnight on 26 March 2020. Furthermore, the Government of Tanzania has instituted travel restrictions, effective 23 March 2020.

The safety and wellbeing of Katoro's employees and contractors is the highest priority for the Company at this time. Accordingly, in response to the outbreak of COVID-19, and in line with government guidelines, a business continuity programme has been put in place. This has resulted in all non-essential travel being cancelled and all employees being asked to work from home. Discussions and work in respect of the JV gold project remain ongoing, to the extent that these can be advanced given prevailing restrictions. Any activity on site will however be halted.

The situation and guidance being given in respect of COVID-19 is an evolving one, which the Board will continue to actively monitor.

Louis Coetzee, Executive Chairman of Katoro commented: "In this unprecedented time, it is our priority and responsibility to ensure the safety of our team. Accordingly, we are taking measures to ensure we limit travel and movement and are following the guidance of the authorities in the areas we operate. This is naturally a rapidly evolving situation, which we continue to monitor, and whilst certain activity has to be temporarily halted, we are working remotely to progress operations and discussions to ensure that we protect and advance the long-term value of our Company and the interests of our stakeholders. We will continue to provide updates on our business and operations as necessary. Finally, we would like to take this opportunity to send our very best wishes to all during this difficult time."

**ENDS**

For further information please visit www.katorogold.com or contact: