KORE POTASH PLC — Board/Management Information 2022

Dec 23, 2022

National Storage Mechanism | Additional information

RNS Number : 6843K

Kore Potash PLC

23 December 2022

23 December 2022

Kore Potash Plc

("Kore Potash" or "the Company")

Staff Changes

Kore Potash (AIM: KP2, ASX: KP2, JSE:KP2), the potash development company with 97%-ownership of the Kola and DX Potash Projects in the Sintoukola Basin, located in the Republic of Congo announces changes to the key management personnel of the Company.

With Kore Potash in the process of finalising the Engineering, Procurement and Construction ("EPC") contract for the Kola potash project ("Kola") the Company has commenced reviewing management requirements for the construction phase of Kola.

Having successfully completed the capital optimisation study and negotiated the key terms for an EPC contract for Kola, the Company's current Chief Operating Officer ("COO"), Gavin Chamberlain, who has served as COO since September 2017, will conclude his employment with Kore Potash at the end of January 2023 to take up a role located closer to his home base. Gavin leaves within the Company highly experienced engineering capability to progress the development of the Company's potash projects.

Mr Brad Sampson the CEO of Kore Potash said "The board of directors ("Board") and management team of Kore Potash commend Gavin for his commitment and valuable contribution to the Company for the last 5 years. We wish Gavin every success in his next role."

Mr Ryan Leland, who has been the Project Director for Kola since 2017, continues in this role and will report directly to the Chief Executive Officer, Mr Brad Sampson, with immediate effect.

Mr Sampson said, "Ryan has more than 5 years' experience working on the design of Kola as the Project Director and has extensive Canadian potash experience. He is ideally positioned to continue to provide the project leadership that is required through completion of the EPC contract negotiations and through the construction of Kola."

The Company intends to commence recruitment for the construction phase of Kola during the first half of 2023.

This announcement has been approved for release by the Board of Kore Potash.

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.

ENDS

For further information, please visit www.korepotash.com or contact:

Kore Potash Brad Sampson - CEO		Tel: +27 84 603 6238
Tavistock Communications Emily Moss Adam Baynes		Tel: +44 (0) 20 7920 3150
SP Angel Corporate Finance - Nomad and Broker Ewan Leggat Charlie Bouverat		Tel: +44 (0) 20 7470 0470
Shore Capital - Joint Broker Toby Gibbs James Thomas		Tel: +44 (0) 20 7408 4050
Questco Corporate Advisory - JSE Sponsor Doné Hattingh		Tel: +27 (11) 011 9205

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