Kodal Minerals provided this update on the progress of the Bougouni Lithium Project ("Bougouni" or the "Project") Mining Licence application in Mali. In addition, the Company provides an update on its gold exploration properties in Mali and Cote d'Ivoire. Bougouni Lithium Project: Kodal informed that the Feasibility Study accompanying the Mining Licence application has been accepted by the Ministry of Mines and Petroleum; The Ministry of Mines and Petroleum confirmed that no further COMINE technical and financial meetings are required prior to Mining Licence approval; The Directorate Nationale de la Géologie et des Mines ("DNGM") has agreed the new Mining Licence area and new permit boundary that encompasses all resources and the proposed mining and associated infrastructure area; Kodal still awaiting formal issuance of final Mining Licence documents and notes that the COVID-19 restrictions have impacted on the Mali Government's process and timing of delivery cannot be confirmed. The gold assets in Mali and Cote d'Ivoire have attracted interest from investors and other exploration and development companies: the portfolio of gold assets has been maintained in good standing, and the tenure has been refreshed where possible: the projects have been reviewed by geological team and a strategy for further exploration has been developed for the Nangalasso project in Mali and the Dabakala project in Cote d'Ivoire: Nangalasso project review has highlighted a 5,500m gold anomalous trend with intersections including 21m at 1.25g/t gold, including 3m at 7.85g/t gold; Dabakala project has an extensive surface geochemical anomaly extending for 8km in strike length in a new region with classical Birimian gold geological setting and structures. Previous exploration at Nangalasso has consisted of surface geochemical sampling, auger geochemical drilling, trench sampling and wide-spaced reconnaissance aircore drilling. A large geochemical gold anomaly has been defined at Nangalasso and results from the reconnaissance drilling include: 21m at 1.25g/t gold, including 3m at 7.1g/t gold; 3m at 7.84g/t gold including 1m at 13.5g/t gold (eoh); 1m at 7.8g/t gold. review of the historic drilling, geochemical sampling and artisanal workings has highlighted a 5,500m strike length of gold anomalism requiring further reconnaissance exploration and infill and definition work. Kodal Mineral's focus remains the fast track development of the Bougouni Lithium project. The company expects the Mining Licence to be approved and is continuing to review the proposed mining study as well as working to improve the optimisation of the operation and finalising the processing plant design. The Company's review of its gold assets highlights the potential for a focussed exploration programme at the Nangalasso project in Mali and the Dabakala project in Cote d'Ivoire to deliver exploration success for Kodal. An exploration programme that is being developed to advance these priority projects will consist of: Reconnaissance Aircore drilling along a 5,500m strike length at the Nangalasso project, with drilling being targeted by historic geochemistry, drilling and geological mapping. Infill geochemical sampling at Dabakala including geological mapping of the defined gold anomalous zone to prioritise reconnaissance drillingExploration activity will be able to be undertaken by existing geological team which has substantial experience in the gold exploration in West Africa.