Extension of Convertible Notes, Issue of Shares

Extension of Convertible Notes

Issue of Shares

Red Rock Resources Plc, the natural resource development company with interests in gold and base metals, principally in Africa and Australia, announces an extension to the term of its 12% Convertible Notes ("Notes"), and that an offer has been received in respect of its interest in Red Rock Resources Australasia Ltd ("RRAL").

Extension of Notes and Issue of Shares

The Company announces, further to the announcement of 7 August 2023, that the Note holders have agreed to extend the term and conversion rights of the Notes to 18 November 2024.

The total amount of Notes outstanding immediately following the term extension is £562,840, and accrued interest is £73,462. Each Note holder may either capitalise net interest to 19 August 2024 and add it to the principal amount of the Notes or settle such net interest by the issue of new Shares in the Company at 0.0475p per Share. As of 22 August 2024, the Company has been advised of Note holders requesting settlement by issue of 129,628,588 Shares in settlement of £68,403.69 of interest. The Company therefore announces the issue of 129,628,588 Shares at 0.0475p per Share.

The Note conversion price is adjusted to 0.095p per Share, and the exercise price of the accompanying Warrants to 0.11875p per Share.

An extension fee has been charged as follows: the Company will grant each Note holder new warrants with a three year life exercisable at 0.11875p per Share in the amount of the net rolled over amount including capitalised interest attributable to that Note holder.

Admission to Trading on AIM and Total Voting Rights

Application is being made for 129,628,588 Shares to be admitted to trading on AIM, the admission of which it is expected on or around 30 August 2024.

In accordance with the provision of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of the Shares, its issued ordinary share capital will comprise 4,959,893,598 ordinary shares.

All of the ordinary shares have equal voting rights and none of the ordinary shares are held in Treasury. The total number of voting rights in the Company will therefore be 4,959,893,598. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or change to their interest in, the Company.