SAVANNAH RESOURCES PLC

Share Issue/Capital Change • Apr 27, 2015

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RNS Number : 3261L

Savannah Resources PLC

27 April 2015

Savannah Resources Plc / Index: AIM / Epic: SAV / Sector: Mining

27 April 2015

Savannah Resources Plc

Issue of Equity and Admission of Ordinary Shares

Savannah Resources Plc (AIM:SAV) (the "Company") has agreed the issue new ordinary shares in lieu of professional fees. A professional group providing Savannah with consulting and investing services will be issued with 888,889 of shares at 2.25p per share in lieu of consulting fees due in cash.

Application has been made for Admission of 888,889 ordinary shares and Admission is expected to occur at 8.00 a.m. on 30 April 2015.

Following Admission, the Company's issued share capital will be 227,501,573 ordinary shares with voting rights. This figure of 227,501,573 ordinary shares 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 in their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

**ENDS**

For further information please visit www.savannahresources.com or contact:

David Archer	Savannah Resources plc	Tel: +44 20 7389 5019
Samantha Harrison (Nominated Adviser) Charlie Cryer (Corporate Broker)	RFC Ambrian Limited	Tel: +44 20 3440 6800
Felicity Edwards/ Charlotte Heap	St Brides Partners Ltd	Tel: +44 20 7236 1177

Notes

Savannah Resources Plc (AIM: SAV) is a growth oriented, multi-commodity, exploration and development company.

It has an 80% shareholding in Matilda Minerals Limitada which operates the Jangamo exploration project. On 31 December 2014 Savannah announced maiden, 65Mt Inferred Mineral Resource @4.2% total heavy minerals ("THM") at a 2.5% cut-off grade for Jangamo The project is located in a world class mineral sands province in Mozambique which borders Rio Tinto's Mutamba deposit, one of two major deposits Rio Tinto has defined in Mozambique, which collectively have an exploration target of 7-12Bn tonnes at 3-4.5% THM (published in 2008).

Savannah has interests in three copper blocks in the highly prospective Semail Ophiolite Belt in Oman.   The projects, which have an Indicated and Inferred Mineral Resource of 1.7Mt @ 2.2% copper and high grade intercepts of up to 56.35m at 6.21% Cu, provide Savannah with an excellent opportunity to potentially evolve into a mid-tier copper producer in a relatively short time frame. Together with its Omani partners, Savannah aims to outline further mineral resources to provide the critical mass for a central operating plant to develop the deposits.

This information is provided by RNS

The company news service from the London Stock Exchange

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