KORE POTASH PLC - Response to ASX price and volume query

Response to ASX price and volume query

Kore Potash plc
(Incorporated in England and Wales)
Registration number 10933682
ASX share code: KP2
AIM share code: KP2
JSE share code: KP2
ISIN: GB00BYP2QJ94
("Kore Potash" or the "Company")

23 May 2024

                              Response to ASX price and volume query

Kore Potash plc, the potash development company with 97% ownership of the Kola and DX Potash
Projects in the Sintoukola Basin, located in the Republic of Congo, advises that the Company received
a price and volume query letter from the Australian Securities Exchange (ASX) on 23 May 2024
following a significant increase in the Company's share price on the ASX.

Kore Potash's response to the ASX price query is available at:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02809922-
6A1208761

The Company lodged its Quarterly Activities Report on 29 April 2024 re-confirming that PowerChina
International Group Limited ("PowerChina") delivered the Engineering, Procurement and Construction
("EPC") proposal and draft EPC contract on 6 February 2024 (refer Announcement dated 9 February
2024). The Company also advised that Kore Potash and PowerChina commenced further detailed
negotiation on the EPC proposal and draft EPC contract, and that the parties remain on track for the
signing of full EPC documentation in Q2 2024 with the Company meeting PowerChina senior officials
in Beijing in early May 2024. That meeting took place. The result of the meeting is that discussions are
continuing with PowerChina but without any legal agreement having yet been reached.

The recent increase in price and volume as noted could be linked to the market expectation in finalizing
the EPC proposal and contract. The Company confirms that no further or formal legal agreements
have been entered into with work and negotiations on these matters continuing.

The Company is not aware of any other possible explanation for the recent trading in its securities.

The Company will make further announcements as appropriate.


This announcement has been approved for release by the Board. For further information, please visit
www.korepotash.com or contact:

Kore Potash                                                         Tel: +44 (0) 20 3963 1776
David Hathorn – Chairman
Andre Baya, CEO

Tavistock Communications                                            Tel: +44 (0) 20 7920 3150
Nick Elwes
Adam Baynes

SP Angel Corporate Finance - Nomad and Joint Broker                 Tel: +44 (0) 20 7470 0470
Ewan Leggat
Charlie Bouverat
Kasia Brzozowska

Shore Capital - Joint Broker                                        Tel: +44 (0) 20 7408 4050
Toby Gibbs
James Thomas

Questco Corporate Advisory - JSE Sponsor                            Tel: +27 (11) 011 9205
Doné Hattingh

Date: 23-05-2024 12:15:00
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