KORE POTASH PLC - Correction to DX PFS

Correction to DX PFS

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”)

                                       Correction to DX PFS

This is a correction to the announcement ‘Dougou Extension (DX) Project Pre-Feasibility Study’ (“DX
PFS”) made on 13 May 2020. It corrects Appendix A Figure 18: DX Project Cash Flow Forecast (real
Q4 2019).

Further to the publication of the DX PFS on 13 May 2020, the Company seeks to correct an error
contained in a figure published via the Australian Stock Exchange.

Figure 18: DX Project Cash Flow Forecast (real Q4 2019), showed an incorrect revenue profile based
on a fixed selling price, whereas the correct information is a price profile based on a forecast selling
price over time. The corrected Figure 18 is available in the corrected Dougou Extension (DX) Project
Pre-Feasibility document available on the Company website. The remainder of the information in the
announcement is correctly portrayed.

A copy of this announcement including the figure referred to in this announcement are available on
                     the Company’s website hosted at www.korepotash.com

18 May 2020
JSE Sponsor: Rencap Securities (Pty) Limited

                For further information, please visit www.korepotash.com or contact:



  Kore Potash                                                      Tel: +27 11 469 9140
  Brad Sampson – CEO


  Tavistock Communications                                         Tel: +44 (0) 20 7920 3150
  Jos Simson
  Edward Lee

  Canaccord Genuity – Nomad and Broker                             Tel: +44 (0) 20 7523 4600
  James Asensio
  Henry Fitzgerald-O’Connor

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

Date: 18-05-2020 11:00:00
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