TIDMKAT

RNS Number : 9379P

Katoro Gold PLC

15 October 2019

Katoro Gold plc (Incorporated in England and Wales)

(Registration Number: 9306219)

Share code on AIM: KAT

ISIN: GB00BSNBL022

("Katoro" or "the Company")

15 October 2019

Katoro Gold plc ('Katoro' or the 'Company')

Imweru Gold Project Transaction Update

Katoro Gold plc (AIM:KAT), the Tanzanian focussed exploration and development company, announces that further to its announcement of 30 September 2019, Lake Victoria Gold Limited ('LVG') have now issued 700,000 shares with a value of AUS$70,000 (approximately US$47,230) to Katoro, in recognition of Katoro granting the extension to receipt of the first tranche of monies due under the term sheet of US$50,000 to 31 October 2019. Following the issue of the shares, Katoro is now interested in 0.7% of LVG's share capital.

Louis Coetzee, Executive Chairman of Katoro Gold, said, "We are pleased to have concluded the extension premium payment with LVG, which further proves the commitment from LVG to finalise the acquisition of Imweru. Our new shareholding in LVG will also allow Katoro and its shareholders to continue to indirectly share in the potential upside of Imweru.

I look forward to keeping shareholders update on our progress going forward, as we look to create significant shareholder value from our projects."

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014.

**ENDS**

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

 
 Louis Coetzee         louisc@katorogold.com   Katoro Gold plc         Executive Chairman 
 Richard Tulloch       +44 (0) 20 7409         Strand Hanson Limited   Nominated Adviser 
  Ritchie Balmer        3494 
  Georgia Langoulant 
 Nick Emmerson         +44 (0) 1483 413        SI Capital Ltd          Broker 
  Sam Lomanto           500 
 Isabel de Salis       +44 (0) 20 7236         St Brides Partners      Investor and Media 
  Beth Melluish         1177                    Ltd                     Relations Adviser

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END

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