REG-IMC Exploration Group Plc: 'Longstop' Date under Framewoirk Agreement Extended

IMC ExplorationAnnouncement

27/06/2022 07:30

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 – Second Extension to 14(th) January
2023 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 (“Acquisition”), announced on 15(th) April 2021,
must be fulfilled has been extended to 14(th) January 2023.

An extension was announced on 23(rd) December 2021 to the fulfilment date
owing to local, COVID-19 pandemic-related factors. Consequent upon earlier
delays, certain structuring and organisational measures relating to the assets
the subject of the Acquisition were also delayed beyond the parties’
expectations and control, necessitating a further extension. 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,

24(th) June 2022

Enquiries:

 Keith, Bayley, Rogers & Co. Limited  Graham Atthill-Beck: +44 7506 43 41 07 Graham.Atthill-Beck@kbrl.co.uk; blackpearladvisers@gmail.com  Brinsley Holman: +44 7776 30 22 28 Brinsley.Holman@kbrl.co.uk  
 IMC Exploration Group plc            +353 85 233 6033                                                                                                                                                    



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