Variation of Framework Agreement

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF Regulation (EU) No. 596/2014 of the European Parliament and the Council of 16 April 2014 on market abuse as it forms part of retained EU law as defined in the European Union (Withdrawal) Act 2018 (the "MArket Abuse Regulation") . UPON THE PUBLICATION OF THIS ANNOUNCEMENT THE INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

IMC EXPLORATION GROUP PLC

(“IMC”)

Proposed Acquisition of Karaberd Mine – Extension to 15^th July 2022 of Time for Satisfaction of Conditions

IMC announces that it has agreed with Mineral Ventures Invest spol. s r.o. that the final date by which the conditions of the intended acquisition of the Karaberd Mine in Armenia, announced on 15^th April 2021, must be fulfilled has been extended to 15^th July 2022.  The reason for the extension is that, owing to local, COVID-19 pandemic-related factors, financial reporting work required to enable IMC to issue a prospectus in relation to the proposed acquisition has taken longer to quantify and produce than had originally been anticipated. If, as and when necessary, the Directors of IMC shall continue to update shareholders and the market on the progress of the proposed transaction.

Eamon P. O’Brien,

Executive Chairman,

23^rd December 2021

Enquiries:

Keith, Bayley, Rogers & Co. Limited	Graham Atthill-Beck: [phone] [e-mail]; [e-mail]  Brinsley Holman: [phone] [e-mail]
IMC Exploration Group plc	[phone]