Company Announcements

PRESS RELEASE

23 June 2025

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

ZIM: Appointment of General Manager from Barrick

Kavango Resources plc (LSE: KAV), the Southern Africa focused metals exploration and gold production company, is pleased to announce the appointment of Everjoy Ngomamiti as General Manager for its mining operations, effective immediately.

Mr Ngomamiti joins Kavango from Barrick Mining Corporation (NYSE:B)(TSX:ABX), where he was Mining Manager at that company's flagship Bulyanhulu Gold Mine in Tanzania.

With 19 years' international mining experience across Africa and Australia, Mr Ngomamiti brings world-class operational and technical expertise to Kavango at a critical stage in its growth.

Highlights

·    19 years' global mining experience: Underground and open-pit across Zimbabwe, Tanzania, and Australia

·    Former Mining Manager at Barrick's Bulyanhulu Mine: Led teams responsible for operations, cost control, technical strategy, and major capital projects

·    Track record of mine expansion and innovation, with key deliveries at Bulyanhulu including:

o  Increased production from 22kt/month to 91kt/month in 14 months

o  Reduced stope dilution from 51% to 15% through QAQC innovation

o  Oversaw $26M in capital upgrades including shaft infrastructure and paste fill systems

·    Expert in technical systems & training: Built national engineering teams, implemented Deswick software, and led drill/blast process optimisation

·    Returns home to Zimbabwe, bringing international standards and strong leadership to Kavango's mining operations

Ben Turney, Chief Executive Officer of Kavango Resources, commented:

"We are delighted to welcome Everjoy back home to Zimbabwe, as General Manager of our mining operations.

Everjoy left Zimbabwe in 2012 and spent 9 years working in gold and copper mines in Western Australia. Most recently he was Mining Manager at Barrick's Bulyanhulu Gold Mine in Tanzania. We are certain that Everjoy's experience will prove to be invaluable, as Kavango seeks to introduce modern mechanised mining across its gold portfolio.

We must thank TM Partners for finding Everjoy, after an exceptional search. Our primary goal was to find a Zimbabwean candidate with extensive international experience in modern mining. TM Partners ran a superb recruitment process to achieve this.

Everjoy matched this profile precisely. Now that he has joined Kavango, it marks a major step forward in our growth plan. Everjoy is a seasoned mining leader, with an impressive operational track record. He returns to Zimbabwe to help build something transformative in this country's goldfields.

This is a first-class appointment for Kavango and marks the beginning of our move towards much more significant mining."

Kavango's Operations in Zimbabwe

Kavango is exploring for gold deposits in Zimbabwe that have the potential to be developed into commercial scale production quickly through modern mechanised mining and processing. The Company is targeting both open-pit and underground opportunities.

Kavango has two projects on the Filabusi greenstone belt, Hillside and Nara.

Kavango owns 100% of Hillside, having exercised its option in April 2024. Here, the Company has three high priority targets it aims to bring into production over the next 18 months: Bills Luck (Prospect 1), Steenbok (Prospect 4) and Nightshift (Prospect 3). At Nightshift, Kavango is investigating the potential for a selective open-pit mining operation, followed by underground mechanised mining. Meanwhile, at Steenbok Kavango is pursuing a high-grade mechanised underground mining opportunity. Kavango is currently analysing latest drill data from Bills Luck and will provide an update shortly.

In parallel to this, Kavango holds an option to acquire the Nara Project that has an exercise date towards the end of June 2025. Here, the Company is exploring for a large-scale, mechanisable underground deposit. The primary target zone is around the historic N1 mine, where the Company is assessing the potential to expand artisanal workings both at depth and along strike.

Click the following link to view a video, introducing Kavango's new General Manager for mining in Zimbabwe, Everjoy Ngomamiti >>> Here.

Further information in respect of the Company and its business interests is provided on the Company's website at www.kavangoresources.com and on Twitter at #KAV.

For further information please contact:

Kavango Resources plc                                                                                    

Ben Turney

+46 7697 406 06

Shard Capital (Broker)

+44 (0) 207 186 9952

Damon Heath