Caracal Gold PLC (LON:GCAT) Chairman Confirmation & Governance Review Update

Caracal Gold plc, the expanding East African gold producer with over 1,300,000oz JORC-compliant gold resources, is pleased to announce that Mr Simon Grant Rennick has been formally confirmed as Executive Chairman of the Company and that since the announcement on 23 January 2023 appointing him ‘Chairman Designate’, substantial progress has been made on the review of the Company’s corporate governance policies and procedures, with an update expected to be announced shortly.

Confirmation of Executive Chairman

Following the completion of certain commercial and legal formalities, Simon Grant Rennick has been confirmed as Executive Chairman of Caracal Gold plc. Mr Grant Rennick is a graduate of the Cambourne School of Mines. His expertise encompasses not only mining and minerals but also metals, agriculture, and property. He has managed mining companies, both public and private, in Uganda, Malawi, Kenya, Mexico and Botswana; metal trading businesses in Bermuda and in the UK; was a co-founder of Industrial Mineral Finance House which provides consultancy services covering all aspects of the industrial minerals’ sector; and established a property development business (since sold).

Corporate Governance Review Update

The comprehensive review of the Company’s corporate governance, regulatory compliance, and communications policies will be released shortly. The review is considering the structure of the board, including the mix of executives and non-executives, as well as all corporate-governance related matters, practices, and policies with the objective of improving internal procedures.

Robbie McCrae, CEO of Caracal, commented :

“The Company is delighted that Simon Grant Rennick has now been formally appointed as Executive Chairman. His expansive knowledge of mining and extensive experience leading UK listed companies makes him the ideal person to review the Company’s corporate governance procedures. I look forward to implementing the findings of his report shortly.”

For further information visit or contact the following:

Caracal Gold plc

Robbie McCrae

[email protected]

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