ZIM: Appointment of General Manager from Barrick

Kavango Resources plc (LSE: KAV), the Southern Africa focused metals exploration and gold production company, is pleased to announce the appointment of Everjoy Ngomamiti as General Manager for its mining operations, effective immediately.

Mr Ngomamiti joins Kavango from Barrick Mining Corporation (NYSE:B)(TSX:ABX), where he was Mining Manager at that company's flagship Bulyanhulu Gold Mine in Tanzania.

With 19 years' international mining experience across Africa and Australia, Mr Ngomamiti brings world-class operational and technical expertise to Kavango at a critical stage in its growth.

Highlights

• 19 years' global mining experience: Underground and open-pit across Zimbabwe, Tanzania, and Australia
• Former Mining Manager at Barrick's Bulyanhulu Mine: Led teams responsible for operations, cost control, technical strategy, and major capital projects
• Track record of mine expansion and innovation, with key deliveries at Bulyanhulu including:

o Increased production from 22kt/month to 91kt/month in 14 months

o Reduced stope dilution from 51% to 15% through QAQC innovation

o Oversaw $26M in capital upgrades including shaft infrastructure and paste fill systems

• Expert in technical systems & training: Built national engineering teams, implemented Deswick software, and led drill/blast process optimisation
• Returns home to Zimbabwe, bringing international standards and strong leadership to Kavango's mining operations

Ben Turney, Chief Executive Officer of Kavango Resources, commented:

"We are delighted to welcome Everjoy back home to Zimbabwe, as General Manager of our mining operations.

Everjoy left Zimbabwe in 2012 and spent 9 years working in gold and copper mines in Western Australia. Most recently he was Mining Manager at Barrick's Bulyanhulu Gold Mine in Tanzania. We are certain that Everjoy's experience will prove to be invaluable, as Kavango seeks to introduce modern mechanised mining across its gold portfolio.

We must thank TM Partners for finding Everjoy, after an exceptional search. Our primary goal was to find a Zimbabwean candidate with extensive international experience in modern mining. TM Partners ran a superb recruitment process to achieve this.

Everjoy matched this profile precisely. Now that he has joined Kavango, it marks a major step forward in our growth plan. Everjoy is a seasoned mining leader, with an impressive operational track record. He returns to Zimbabwe to help build something transformative in this country's goldfields.

This is a first-class appointment for Kavango and marks the beginning of our move towards much more significant mining."

Kavango's Operations in Zimbabwe

Kavango has two projects on the Filabusi greenstone belt, Hillside and Nara.

Kavango owns 100% of Hillside, having exercised its option in April 2024. Here, the Company has three high priority targets it aims to bring into production over the next 18 months: Bills Luck (Prospect 1), Steenbok (Prospect 4) and Nightshift (Prospect 3). At Nightshift, Kavango is investigating the potential for a selective open-pit mining operation, followed by underground mechanised mining. Meanwhile, at Steenbok Kavango is pursuing a high-grade mechanised underground mining opportunity. Kavango is currently analysing latest drill data from Bills Luck and will provide an update shortly.