Statement re Share Price Movement

Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining

 10 August 2018

Kodal Minerals plc ('Kodal Minerals' or the 'Company')

Statement re Share Price Movement

Kodal Minerals plc, a mineral exploration and development company focussed on the exploration and development of its Bougouni Lithium Project in Southern Mali ("Bougouni" or the "Project"), West Africa, notes its recent share price movement and speculation regarding the publication of its maiden mineral resource estimate. As announced on 25 July 2018, the Board is expecting to announce this in the autumn. The Company has contracted CSA Global to prepare the report but is awaiting certain remaining assay results from its recent drilling programme before the report can be completed. The Board's current best estimate is that the report will be published in early September, although this timing cannot be guaranteed at this stage.

**ENDS**

For further information, please visit www.kodalminerals.com or contact the following: