Settlement Updates

RNS Number : 8083ECorcel PLC03 July 2023

Corcel PLC

("Corcel" or the "Company")

Settlement Updates

03 July 2023

Corcel Plc (London AIM: CRCL), the pan Angolan / Brazilian Oil and Gas company, with interests across battery metals mining and oil and gas, announces an update to the settlement of its previously announced fundraisings.

The Company confirms that, further to the fundraising announced on 28 March 2023, it has received 600,000 in cash to date, and it has now seen proof of funds having been sent for the final 455,515 tranche of this placing, and is now awaiting funds to be received in the UK, which is expected imminently.

The Company also confirms that, further to the fundraising announced on 24 May 2023, it has received 146,175 in cash to date, and it has now seen proof of funds having been sent for the 80,783 subscription currently due, and is now awaiting funds to be received in the UK, which is also expected imminently.

For further information, please contact:

James Parsons Corcel Plc CEO

[email protected]

James Joyce / James Bavister /Andrew de Andrade WH Ireland Ltd NOMAD & Broker

0207 220 1666

Patrick d'Ancona Vigo Communications IR

0207 3900 230

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