Conversion Notice

Gold exploration and development company Panthera Resources Plc (AIM: PAT), with assets in West Africa and India, announces that it has received notice to convert US$125,000 unsecured convertible loan notes and accrued interest ("CLNs" or "Notes"). Accordingly, the Company will issue 1,777,948 new ordinary shares of 1 pence each in the Company (the "Ordinary Shares").

Details of the terms and conditions of the CLNs are outlined in the Company's announcement released on 12 November 2024. Following conversion of the CLNs, a further US$125,000 unsecured convertible loan notes remain outstanding.

Admission to AIM

Application has been made to London Stock Exchange plc for the 1,777,948 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the new Ordinary Shares will commence on AIM at 8.00 a.m. on or around 16 January 2025.

Following Admission, the Company's issued share capital will comprise 198,101,247 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.