Pathfinder Minerals : Result of General Meeting - Replacement

The following announcement replaces the 'Result of General Meeting' announcement released on 29 March 2021 at 12.29 under RNS number 8323T. The issued share capital, following admission of the Placing Shares and Commission Shares as defined, will be 461,328,168. All other details remain unchanged. The full amended text is shown below.

29 March 2021

Pathfinder Minerals Plc

('Pathfinder' or the 'Company')

Result of General Meeting and Total Voting Rights

Pathfinder announces that at a General Meeting held earlier today all resolutions were passed with the requisite majorities by way of a poll.

On 19 February 2021, the Company announced that it has entered into an agreement to conditionally raise £300,000 before expenses by way of a placing of 60,000,000 new Ordinary shares of 0.01 pence each ('Ordinary Shares') at a price of 0.50 pence per share ('Placing Shares') (the 'Placing').

The Placing was divided into two tranches: The first tranche comprised the placing of 38,500,000 Placing Shares, which were issued pursuant to the Company's previous authorities to allot shares. The second tranche, comprising of 21,500,000 Placing Shares, was conditional upon the passing of the two resolutions today.

As the resolutions have now been passed, the second tranche of Placing Shares will be issued upon receipt of the second tranche of placing proceeds, subject only to admission to trading on AIM. As also announced on 19 February 2021, commission of 4% on £286,792 of the placing proceeds (excluding VAT) is payable to Align Research Ltd ('Align') and will be settled through the allotment and issuance of 2,294,336 Ordinary Shares at a price of 0.5 pence per share (the 'Commission Shares'). The Commission Shares will be issued on the same date as the second tranche of Placing Shares.

Following the issue of the Commission Shares, insofar as the Company is aware, Align (together with its connected persons) will be interested in 60,724,175 Ordinary Shares in the Company.

Total Voting Rights

Application has been made for admission of the 21,500,000 Placing Shares and 2,294,336 Commission Shares ('Admission'), which is due to take place tomorrow. Following Admission, the Company's issued share capital will consist of 461,328,168 Ordinary shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 461,328,168. With effect from Admission, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

Pathfinder Minerals Plc

Peter Taylor, Chief Executive Officer

Tel. [phone]

Strand Hanson Limited (Nominated & Financial Adviser)

James Spinney / Ritchie Balmer / Rob Patrick

Tel. [phone]

Vigo Communications (Public Relations)

Ben Simons / Simon Woods

Tel. [phone]

Email. [e-mail]

Novum Securities Limited (Corporate Broker)

Colin Rowbury / Jon Belliss

Tel. [phone]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR').