Katoro Gold PLC entered into a Joint Venture Agreement ('Agreement') with Lake Victoria Gold ('LVG') for the development of the Company's Imweru Gold Project ('Project'). Under the Agreement, LVG will earn up to 80% in the Project, with the balance of 20% being held by Katoro as a carried interest. LVG will earn a JV-interest of up to 80% in the JV and will be responsible for 100% of the JV funding requirements.

The JV will reimburse Katoro for previous expenditures in the amount of €792,000 on or before 31 December 2023.