Export of Bougouni Spodumene Concentrate Update

Kodal Minerals (AIM: KOD), the West African lithium producer and mineral exploration and development company, is pleased to announce that the first truckloads of lithium spodumene concentrate have left the Bougouni Lithium Project in southern Mali ("Bougouni Project" or "Project") and are completing final customs formalities before transporting to the Cote d'Ivoire port of San Pedro.

The Bougouni operation team's focus is to transport Kodal's 30,000 tonnes of spodumene concentrate from the Project's stockpile to port for the first export to Hainan. The transport process is expected to take between 4 and 6 weeks and the team will continue transporting the full current 45,000 tonne stockpile to ensure that a stockpile of material is available at the San Pedro port for further product shipping thereafter.

Bernard Aylward, CEO of Kodal Minerals, remarked: "This is a major milestone for the Bougouni project with the first truckloads of spodumene concentrate departing site for export from the San Pedro port. Following the successful construction of the Dense Media Separation plant ("DMS") and processing of ore from the Ngoualana open pit, we are now in a position to consistently manage the exporting of Bougouni's spodumene concentrate."

"The first shipment of spodumene concentrate is planned to be 30,000 tonnes, with first revenue expected upon completion of loading of the vessel in the San Pedro port as agreed in the Off-Take agreement. Further updates on the Bougouni operation and export will be provided as developments continue."