CoTec Funding Instalment Received

This announcement is deemed to be inside information by the Company as per the Market Abuse Regulations (EU No. The European Union (Withdrawal Act 2018 has incorporated 596/2014 ('MAR) into UK law. Forward-looking statements may be included in this news release (subject to the applicable securities laws) regarding Mkango and CoTec. Forward-looking statements are generally identified by words like plans' and expects’ or —is expected to —as per applicable securities laws – with respect to Mkango, CoTec, or variations thereof. Forward-looking statements are not guaranteed to occur. This press release has not been approved or disapproved by the TSX Venture Exchange. This press release is not intended to be an offer to sell, solicitation or solicitation to purchase any securities or equity of the Company in the United States. Securities of the Company are not registered under the United States Securities Act of 1983, as amended ("the "U.S. Securities Act"), and cannot be offered or sold in the United States to or for the benefit of U.S. citizens, except in certain transactions exempted from registration requirements of U.S. Securities Act.