KORE POTASH PLC - Kola financing term sheet update

Kola financing term sheet update

Kore Potash plc
(Incorporated in England and Wales)
Registration number 10933682
ASX share code: KP2
AIM share code: KP2
JSE share code: KP2
ISIN: GB00BYP2QJ94
CDI ISIN: AU000000KP25
("Kore Potash" or the "Company")


01 April 2025

                                       Kola financing term sheet update

Kore Potash, the potash exploration and development company whose flagship asset is the 97%-owned Sintoukola
Potash Project ("Kola" or the "Kola Project"), located within the Republic of Congo ("RoC"), announces that
further to the signing of the EPC Contract last year and the announcement of the Kola Project Optimised DFS on 27
February 2025, the Summit Consortium was expected to deliver a non-binding financing term sheet for the Kola
Project by the end of March 2025.

While having made very good progress, the Consortium was unable to finalize the Term Sheet by the end of March
as targeted. The consortium has advised Kore that they need more time to complete their internal process which has
been impacted by the Ramadan season and Eid celebrations.

The Summit Consortium is now expected to deliver the term sheet before the end of this month and hopefully by mid
April 2025.


Market Abuse Regulation
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU)
596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"),
and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

Enquiries:

Kore Potash                                                         Tel: +44 (0) 20 3963 1776
Andre Baya – CEO
Andrey Maruta - CFO

SP Angel – Nomad, Joint Broker and Joint Bookrunner                 Tel: +44 (0) 20 7470 0470
Ewan Leggat
Charlie Bouverat

Shore Capital – Joint Broker and Joint Bookrunner                   Tel: +44 (0) 20 7408 4050
Toby Gibbs
James Thomas

Tavistock Communications                                            Tel: +44 (0) 20 7920 3150
Emily Moss
Nick Elwes

Questco Corporate Advisory – JSE Sponsor                            Tel: +27 (63) 482 3802
Done Hattingh

Date: 01-04-2025 04:06:00
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