Anglo Pacific Group PLC ('Anglo Pacific', the 'Company', the 'Group') (LSE: APF, TSX: APY) is pleased to announce that, together with Orion Mineral Royalty Fund LP - Series 1 and Orion Mineral Royalty Fund LP - Overflow Series 1 (collectively 'Orion'), it has entered into a financing agreement with Incoa Performance Minerals LLC and certain of its affiliates ('Incoa') (the 'Financing') which will fund the construction of Incoa's calcium carbonate mine and associated infrastructure in the Dominican Republic as well as a processing facility located in Mobile, Alabama, in the United States of America.

Incoa will produce high quality ground calcium carbonate to be marketed principally to the domestic US calcium carbonate market. High quality ground calcium carbonate is used as a functional filler agent in a variety of end-products, including sealants and caulks, adhesives, rubber and as an active ingredient in food and pharmaceutical products which primarily serve to supplement dietary calcium consumption products.

The Financing is structured into two tranches, with Tranche 1 proceeds financing the project through construction and into production. Orion will fund Tranche 1 in full, and Tranche 1 funding is expected to close in Q1 2020.

Anglo Pacific's US$20 million Tranche 2 commitment (the 'Anglo Pacific Tranche 2 Commitment') follows construction completion when the operation is in production and generating cash flow, and will provide Incoa with additional capital to bring its ground calcium carbonate products to market. The Anglo Pacific Tranche 2 Commitment is subject to a number of conditions, including Incoa's successful construction and operation of the project. The Anglo Pacific Tranche 2 Commitment is expected to be funded in 2021. Under the terms of the Financing, Anglo Pacific is entitled to receive quarterly payments of approximately 1.23% of Incoa gross revenue following funding of the Anglo Pacific Tranche 2 Commitment.

Anglo Pacific's participation provides the Company with its first exposure to industrial mineral products and fits into its strategy of investing in high quality products with reduced environmental footprints.

Contact:

Tel: +44 (0) 20 3757 4997

About the Company

Anglo Pacific Group PLC is a global natural resources royalty and streaming company. The Company'sstrategy is to develop a leading international diversified royalty and streaming company with a portfolio centred on base metals and bulk materials, focusing on accelerating income growth through acquiring royalties on projects that are currently cashflow generating or are expected to be within the next 24 months, as well as investment in earlier stage royalties. It is a continuing policy of the Company to pay a substantial portion of these royalties and streams to shareholders as dividends.

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