Savannah Resources : Exercise of Options and PDMR Notification

Exercise of Options and PDMR Notification

3 R D J A N U A R Y 2 0 2 0

Savannah Resources plc (AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah' or the 'Company'), the AIM quoted resource development company announces that it has issued 1,500,000 ordinary shares in the Company of par value £0.01 ('Ordinary Shares') following the exercise of options ('Options') over Ordinary Shares as summarised below.

The Options have been exercised by Matthew King, the Company's Chairman, who is considered to be a person discharging managerial responsibilities for the purpose of the EU Market Abuse Regulation (Regulation (EU) No. 596/2014).

Mr. King has exercised Options over 1,500,000 Ordinary Shares at £0.0276 each, totalling £41,400 cash. Following the exercise of these Options Mr King will be the beneficial holder of 2,604,028 Ordinary Shares in the Company, representing 0.2% of the Company's issued share capital with voting rights.

Admission and Total Voting Rights

Pursuant to the exercise of the Options, application will be made for 1,500,000 new Ordinary Shares, which will rank pari passu with existing Ordinary Shares, to be admitted to AIM ('Admission'). It is expected that Admission will become effective and dealings will commence at 8:00am on or around 9 January 2020.

Following Admission, the total issued share capital of the Company will consist of 1,298,959,820 Ordinary Shares. As such, the total number of voting rights in the Company will be 1,298,959,820 Ordinary Shares. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Regulatory Information

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

S A V A N N A H R E S O U R C E P L C / / W W W . S A V A N N A H R E S O U R C E S . C O M

Notification and public disclosure of transactions by persons discharging managerial responsibilities and

persons closely associated with them.

1	Details of the person discharging managerial responsibilities / person closely
	associated
a)	Name		Matthew King
2	Reason for the notification
a)	Position/status		Chairman
b)	Initial		Initial notification
	notification
	/Amendment
3	Details of the issuer, emission allowance market participant, auction platform,
	auctioneer or auction monitor
a)	Name		Savannah Resources Plc
b)	LEI		213800UCK16HW5KKGP60
4	Details of the transaction(s): section to be repeated for (i) each type of
	instrument; (ii) each type of transaction; (iii) each date; and (iv) each place
	where transactions have been conducted
a)	Description of		Ordinary Shares of £0.01 each
	the financial
	instrument,
	type of		ISIN: GB00B647W791
	instrument
	Identification
	code
b)	Nature of the		Exercise of warrants
	transaction
c)	Price(s) and		No. of	Exercise price
	volume(s)		options
			exercised
			1,500,000	£0.0276
d)	Aggregated		N/A
	information
	- Aggregated
	volume
	- Price
e)	Date of the		3 January 2020
	transaction
f)	Place of the		Issuer allotment
	transaction

S A V A N N A H R E S O U R C E P L C / / W W W . S A V A N N A H R E S O U R C E S . C O M

**ENDS**

For further information please visit www.savannahresources.comor contact:

David Archer	Savannah Resources plc	Tel: [phone]
David Hignell / Charlie	SP Angel Corporate	Tel: [phone]
Bouverat (Nominated Adviser)	Finance LLP
Christopher Raggett (Joint Broker)	finnCap Ltd	Tel: [phone]
Grant Barker (Joint Broker)	Whitman Howard	Tel: [phone]
Charlotte Page / Cosima	St Brides Partners Ltd	Tel: [phone]
Akerman (Financial PR)

About Savannah

Savannah is a diversified resources group (AIM: SAV) with a portfolio of energy metals projects - lithium in Portugal and copper in Oman - together with the world-class Mutamba Heavy Mineral Sands Project in Mozambique, which is being developed in a consortium with the global major Rio Tinto. The Board is committed to serving the interests of its shareholders and to delivering outcomes that will improve the lives of the communities we work with and our staff.

The Company is listed and regulated on AIM and the Company's ordinary shares are also available on the Quotation Board of the Frankfurt Stock Exchange (FWB) under the symbol FWB: SAV, and the Börse Stuttgart (SWB) under the ticker "SAV".

S A V A N N A H R E S O U R C E P L C / / W W W . S A V A N N A H R E S O U R C E S . C O M