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Update on Lawsuit involving APA/Ministry

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Savannah Resources Plc, the developer of the Barroso Lithium Project (the 'Project') in Portugal, Europe's largest spodumene lithium deposit, provides an update on relating to the lawsuit (the 'Lawsuit') brought by the Parish of Covas do Barroso as plaintiff in the Mirandela Fiscal and Administrative Court in Portugal (the 'Court') against the Portuguese Environmental Agency ('APA') and the Ministry of Environment and Climate Action as defendants (announced on 28 September 2023).

The opinion of the Public Ministry, that was made public via the Portuguese press today, is part of the ongoing Lawsuit. Savannah acknowledges this development, which is part of the standard Court process, and is ready to address the concerns of the Public Ministry within the ongoing Court process at the earliest opportunity.

The DIA remains in force and allows Savannah to proceed with all the actions authorised by its content, and the Lawsuit does not impact the Barroso Lithium Project's activities.

The advice from Savannah's lawyers is that the Lawsuit is without foundation. Savannah will make further announcements regarding the Lawsuit as appropriate.

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