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Kalahari Metals Limited Update

--(BUSINESS WIRE)--LONDON

Metal Tiger plc

("Metal Tiger" or the "Company")

Kalahari Metals Limited Update

(AIM: MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, announces that further to its announcement of , regarding (“KML”) commencing drilling at Kitlanya East, has confirmed its first three cases of COVID-19 and ordered a national lockdown of all but essential services. The lockdown in will come into effect from today and is scheduled to remain in place for 28 days.Metal Tiger plcKalahari Metals Limited9 March 2020BotswanaBotswana

Accordingly, KML has suspended drilling in compliance with the directive. Drilling completed to date at Kitlanya East has intersected shallow lower D’Kar formation units, highlighting the potential for Cu-Ag mineralisation in close proximity to neighbouring Sandfire Resources T3 deposit. Continuation of drilling and sampling programmes at Kitlanya East are planned to recommence as soon as restrictions on movement are relaxed.

This announcement contains inside information for the purposes of the market abuse regulation (EU No. 596/2014) (“MAR”).

For further information on the Company, visit:www.metaltigerplc.com

Enquiries:

Notes to Editors:

is admitted to the AIM market of the London Stock Exchange AIM Market ("AIM") with the trading code MTR and invests in high potential mineral projects with a base, precious and strategic metals focus.Metal Tiger plc

The Company's target is to deliver a high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector. Metal Tiger has two investment divisions: and Direct Projects.Direct Equities

invests in undervalued natural resource companies. The majority of its investments are listed on AIM, the TSX and the ASX, which includes its 3.69% interest in (ASX: SFR). The Company also considers selective opportunities to invest in private natural resource companies, typically where there is an identifiable path to IPO. Through the trading of equities and warrants, Metal Tiger seeks to generate cash for investment in the Direct Projects Division.The Direct Equities DivisionSandfire Resources NL

is focused on the development of its key project interests in , Kalahari copper/silver belt through its interest in . In , Metal Tiger has interests in two potentially near-production stage lead/zinc/silver mines as well as license applications and critical historical data covering antimony, copper, gold, lead, zinc and silver opportunities.The Direct Projects DivisionBotswanaThailandKalahari Metals Limited

The Company actively assesses new investment opportunities on an on-going basis and has access to a diverse pipeline of new opportunities in the natural resources and mining sectors. For pipeline opportunities deemed sufficiently attractive, Metal Tiger may invest in the project or entity by buying publicly listed shares, by financing privately and/or by entering into a joint venture.

Metal Tiger plc

Source:Metal Tiger plc

Michael McNeilly

Mark Potter

 (Chief Executive Officer)

(Chief Investment Officer)

 Tel: +44 (0)20 7099 0738
Richard Tulloch

James Dance

Jack Botros

Strand (Nominated Adviser)Hanson LimitedTel +44 (0)20 7409 3494
Paul Shackleton

Steve Douglas

Arden Partners plc (Broker)Tel: +44 (0)20 7614 5900
Gordon Poole

James Crothers

Hugo Liddy

Camarco (Financial PR)Tel: +44 (0)20 3757 4980

Quick facts: Metal Tiger PLC

Price: 25.9956

Market: AIM
Market Cap: £39.57 m
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