Greatland Gold : Notice of General Meeting

RNS Number : 7784T Greatland Gold PLC 29 March 2021

29 March 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS

ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Greatland Gold plc

("Greatland" or "the Company")

Notice of General Meeting

Greatland Gold plc (LON:GGP), the London Stock Exchange AIM listed precious and base metals exploration and development business, announces that a General Meeting ("GM") will be held on Thursday, 22 nd April 2021 at 9.30am.

In accordance with guidance issued by the UK Government and Public Health England on social distancing, and the national Covid-19 alert levels currently imposed, the GM will be held as a closed meeting with only two directors or senior employees each of whom is either a shareholder, or a proxy, or a corporate representative appointed by a shareholder. No other shareholder, proxy or corporate representative should attend the GM in person. The attendance by a shareholder other than the ones specifically required to form a quorum for that meeting, is not essential.

The Notice of GM has been posted to Shareholders. A copy of the Notice of GM will also be made available on the Company's website atwww.greatlandgold.com.

A letter from the Chairman accompanied the Notice of GM, as set out below:

Dear Shareholder,

I am writing to you to inform you that the Board has convened a General Meeting ('GM') of Greatland Gold plc (the "Company") on 22 April 2021 at 9.30am to consider two special resolutions. These resolutions seek shareholder approval for limited disapplication of pre-emption rights in relation to allotments of shares. Further details of the GM can be found in the enclosed Notice of General Meeting ('Notice'). A Form of Proxy is also enclosed to enable you to vote at the GM.

I wanted to provide you with the background and context to the resolutions proposed.

As you will recall, in the Notice of Annual General Meeting ('AGM'), which was held on Tuesday 8 December 2020, the Board had proposed two resolutions in relation to the allotment of shares:

• · Resolution 4, an ordinary resolution requesting authority to allot shares on a pre-emptive basis, which was duly passed; and

• · Resolution 5, a special resolution for the limited disapplication of pre-emption rights in relation to those allotments, which we subsequently withdrew ahead of the AGM.

Resolution 4 was approved by shareholders and Resolution 5 was withdrawn prior to the AGM. As Directors, should we decide to allot new shares for cash, under Resolution 4 approved at the AGM, we must first offer them to existing shareholders in proportion to their existing holdings. These shareholder rights enable individual shareholders to avoid dilution.

As with many companies listed on the London Stock Exchange, including AIM-traded companies, it is standard practice to seek annual, limited disapplication of pre-emption rights to allow flexibility to allot shares on a non-pre-emptive basis. It is in this context that the Board has undertaken a review, together with the Company's advisers, to consider the flexibilities and amounts that such authorities would provide to the Company. The Board has concluded that it would be prudent to seek shareholder authority for these authorities, limited to the amounts as set out in the Statement of Principles published by the Pre-Emption Group in March 2015 ('Statement of Principles').

The resolutions in the Notice seek authority for the following:

· Limited disapplication of pre-emption rights (just under 5% of issued share capital) for general purposes; and

· Limited disapplication of pre-emption rights (just under an additional 5% of issued share capital) in the event of financing an acquisition transaction or other capital investment

At this time, the Directors have no current intention of exercising either of these authorities (other than to provide for the previously announced share incentives), but consider the authorities appropriate in order to allow the Company limited flexibility to finance business opportunities and capital requirements should the need arise before the next AGM (December 2021).

Your Board believes that the resolutions contained in this Notice are in the best interests of the Company and its shareholders as a whole. Accordingly, the Directors unanimously recommend that you vote in favour of all resolutions, as they intend to do in respect of their own holdings.

I would be pleased to answer any questions or queries you may have. Please do not hesitate to contact me via our Company Secretary, Stephen [e-mail]

I would like to thank you on behalf of the Board for your continued support of Greatland Gold.

Yours sincerely,

Alex Borrelli Chairman

Enquiries:

Greatland Gold PLC Shaun Day/Callum Baxter Tel: [phone] Email:[e-mail]

SPARK Advisory Partners Limited (Nominated Adviser)

Andrew Emmott/James Keeshan

Tel: [phone]

Berenberg (Joint Corporate Broker and Financial Adviser)

Matthew Armitt/Jennifer Wyllie/Detlir Elezi

Tel: [phone]

Hannam & Partners (Joint Corporate Broker and Financial Adviser)

Andrew Chubb/Matt Hasson/Jay Ashfield

Tel: [phone]

SI Capital Limited (Joint Broker)

Nick Emerson/Alan Gunn

Tel: [phone]

Luther Pendragon (Media and Investor Relations)

Harry Chathli/Alexis Gore/Joe Quinlan

Tel: [phone]

Notes for Editors:

Greatland Gold plc is a London Stock Exchange AIM-listed (AIM:GGP) natural resource exploration and development company with a current focus on precious and base metals.

The Company's flagship asset is the world class Havieron gold-copper deposit in the Paterson region of Western Australia. This asset is held in joint venture with Newcrest Mining Ltd. Havieron is located approximately 45km's east of Newcrest's Telfer gold mine, processing plant and existing infrastructure.

The box cut and decline to develop the Havieron ore body was commenced in February 2021 . In addition, there is a substantial ongoing growth drilling program presently underway at Havieron which is being undertaken in conjunction with preparation of a Pre-Feasibility Study. Newcrest is managing the preparation of the PFS, which is expected to be released in late calendar 2021.

The Joint Venture Agreement includes tolling principles reflecting the intention of the parties that, subject to a successful exploration program and feasibility study and a positive decision to mine, the resulting joint venture mineralised material will be processed at Telfer.

Greatland is seeking to identify large mineral deposits in areas that have not been subject to extensive exploration previously. It is widely recognised that the next generation of large deposits will come from such under-explored areas and Greatland is applying advanced exploration techniques to investigate a number of carefully selected targets within its focused licence portfolio.

The Company is also actively investigating a range of new opportunities in Australia for precious and strategic metals and will update the market on new opportunities as and when appropriate.

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