Edenville Energy Plc (AIM: EDL) is pleased to provide an update regarding the Company's Rukwa Coal Project ('Rukwa' or the 'Project') in southwest Tanzania for the month of November 2021, as it continues to ramp up production.

November 2021 highlights

80% Increase in Run of Mine ('ROM') coal production from October 2021 level

10% Increase in washed coal production from October 2021 level

Approximately 1,000 tonnes of washed coal sales

Orders of 3,600 tonnes of coal for December 2021 delivery confirmed from two largest customers

In November 2021, the Company mined 4,026 tonnes of ROM coal versus 2,240 tonnes in October 2021, representing an 80% increase. A further 18,690 tonnes of waste was also moved, opening up greater access to the coal deposit for future mining.

November's production would have been significantly higher had it not been for extended mechanical issues with the main excavator, which was unable to be used for mining for 15 days whilst initial repairs were made and it was subsequently used for the installation of culverts, and the clearing of drainage channels, to prepare the site for the wet season. These operations have been completed and the excavator has recommenced full mining operations.

Approximately 1,000 tonnes of washed coal was sold during November 2021, with 200 tonnes remaining in stockpile. A combined order of 3,600 tonnes of washed coal has been reconfirmed by the Company with its two largest existing clients for December 2021, with the expectation of ongoing monthly orders of circa 3,600 tonnes per month thereafter. Discussions remain ongoing with respect to additional contracts with new potential customers. Further updates will be announced as appropriate.

Alistair Muir, CEO of Edenville, commented: 'November 2021 was both positive and frustrating. On the one hand ROM production continued to improve, but sadly operations were hampered by the excavator being offline for half of the month. The issues have been addressed and we look forward to continuing our progress on the mining front. As production becomes more stable we would expect to improve the recoveries from ROM to washed coal through the plant. Our sales book continues to improve and we are also now receiving unsolicited approaches from potential customers.'

Contact:

Jeff Malaihollo

Tel: +44 (0) 20 3934 6630

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