Exercise of Share Options

Cora Gold Limited

20 April 2026

 

Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining

20 April 2026

Cora Gold Limited ('Cora' or 'the Company')

Exercise of Share Options

Cora Gold Limited, the West African focused gold company, announces that on 17 April 2026 a share option holder exercised their right to subscribe for a total of 1,000,000 ordinary shares of no par value each in the Company ('Ordinary Shares') at a price of 4 pence (British pound sterling) per Ordinary Share expiring on 13 March 2028 raising a total of £40,000.

Admission and Total Voting Rights

Admission to trading on AIM of the 1,000,000 Ordinary Shares issued pursuant to the exercise of share options will occur on or around 8:00 a.m. on 23 April 2026 ('Admission').

Following Admission, the Enlarged Issued Share Capital of the Company will be comprised of 765,054,700 Ordinary Shares. The above figure of 765,054,700 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in Cora under the Financial Conduct Authority's Disclosure and Transparency Rules.

**ENDS**

For further information, please visit http://www.coragold.com or contact:

Bert Monro Craig Banfield	Cora Gold Limited	[e-mail]
Derrick Lee Pearl Kellie	Cavendish Capital Markets Limited (Nomad & Broker)	[phone]
Matt Hasson Franck Nganou	H&P Advisory Limited (Broker)	[phone]
Susie Geliher Charlotte Page	St Brides Partners (Financial PR)	[e-mail]

Notes

Cora is a West African gold developer with de-risked project areas within two known gold belts in Mali and Senegal. Led by a team with a proven track-record in making multi-million-ounce gold discoveries that have been developed into operating mines, Cora's primary focus is on developing the Sanankoro Gold Project in the Yanfolila Gold Belt in south Mali into an open pit oxide mine.

Cora has a Probable Reserve of 531 koz at 1.13 g/t Au (US$2,200/oz Au pit shell design). The 2025 Definitive Feasibility Study showed that the Project has strong economic fundamentals, including 65% IRR post tax, US$221 million NPV₈ post tax, US$479 million Free Cash Flow over life of mine and all-in sustaining costs of US$1,478/oz based on a gold price of US$2,750/oz.

The Company is advancing the permitting process with the Government of Mali such that having secured binding finance agreement to fully fund the mine development then transition into construction can happen as quickly as possible. In parallel, the Company continues to pursue value-enhancing opportunities across its portfolio and has identified largescale gold mineralisation potential at the Madina Foulbé exploration permit, located within the Mako Gold Belt of the Kédougou-Kéniéba Inlier in eastern Senegal.

 

END