Warrant Exercise

Gold exploration and development company Panthera Resources Plc (AIM: PAT), with assets in West Africa and India, announces the issue of 470,588 new ordinary shares of 1 pence each in the Company ("Ordinary Shares"). This follows the Company having received notice to convert warrants over 470,588 new Ordinary Shares at an exercise price of 6.68 pence per warrant raising the Company gross proceeds of £31,435.28.

Details of the terms and conditions of the warrants are outlined in the Company's announcement released on 4 July 2023.

Admission to AIM

Application has been made to the London Stock Exchange plc for the 470,588 new Ordinary Shares

to be admitted to trading on the 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 24 March 2025.

Following Admission, the Company's issued share capital will comprise 241,250,280 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.