Update on Issue of Equity Fundraising

Gold exploration and development company Panthera Resources Plc (AIM: PAT), with assets in West Africa and India, announces the issue of 285,714 new ordinary shares of 1 pence each in the Company ("Ordinary Shares") subject to Admission (as defined below). The 285,714 new Ordinary Shares (the "Adviser Shares") will be issued on the same terms as the Company's equity fundraising announced on 25 February 2025 and are being issued to a professional adviser in lieu of accrued fees of approximately £20,000.

Accordingly, it is now anticipated that a total of 39,890,438 new Ordinary Shares comprising the Placing Shares, the Subscription Shares and the Adviser Shares will admit to trading on AIM on 12 March 2025.

Admission to AIM

Application has been made to the London Stock Exchange plc for the 39,890,438 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 12 March 2025.

Total Voting Rights

Following Admission, the Company's issued share capital will comprise 240,779,692 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.

Unless otherwise defined herein, the capitalised defined terms used in this announcement have the same meaning as those used in the Company's announcement on 25 February 2025.