RNS Number : 2083QCaledonia Mining Corporation PLC17 February 2023

Caledonia Mining Corporation Plc

Fatal accident at Blanket Mine

(NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL)

St Helier, February 17, 2023- It is with regret that Caledonia Mining Corporation Plc ("Caledonia") reports that an accident took place in the afternoon of February 16, 2023 at the Blanket Mine in Zimbabwe, as a result of which one Blanket Mine employee was killed. The accident was related to secondary blasting.

Further details cannot be released pending the outcome of an enquiry into this accident by the relevant authorities.

Caledonia expresses its condolences to the family and colleagues of the deceased.

Enquiries:

Caledonia Mining Corporation Plc

Mark Learmonth

Camilla Horsfall

Tel: +44 1534 679 800

Tel: +44 7817 841 793

Cenkos Securities plc (Nomad and Joint Broker)

Adrian Hadden

Neil McDonald

Pearl Kellie

Tel: +44 207 397 1965

Tel: +44 131 220 9771

Tel: +44 131 220 9775

Liberum Capital Limited (Joint Broker)

Scott Mathieson/Kane Collings

Tel: +44 20 3100 2000

BlytheRay Financial PR (UK)

Tim Blythe/Megan Ray

Tel: +44 207 138 3204

3PPB (Financial PR, North America)

Patrick Chidley

Paul Durham

Tel: +1 917 991 7701

Tel: +1 203 940 2538

Curate Public Relations (Zimbabwe)

Debra Tatenda

Tel: +263 77802131

IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)

Lloyd Mlotshwa

Tel: +263 (242) 745 119/33/39

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