Change of Nominated Adviser and Joint Broker

5 November 2024

GCM Resources plc

("GCM" or the "Company")

Change of Nominated Adviser and Joint Broker

GCM Resources plc (AIM: GCM), the AIM traded mining and energy company, announces the appointment of Allenby Capital Limited as the Company's Nominated Adviser and Joint Broker with immediate effect. The Company today received the notice of resignation of Zeus Capital Limited.

Additional disclosures required under the AIM Rules for Companies:

Pursuant to Rule 17 and Schedule Two Paragraph (g) of the AIM Rules for Companies, Charlie Green owns 7,000 ordinary shares of 1 pence each in the Company.

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About GCM Resources plc

GCM Resources plc (LON: GCM), the AIM traded mining and energy company, has identified a high-quality coal resource of 572 million tonnes (JORC 2004 compliant) at the Phulbari Coal and Power Project ("the Project") in north-west Bangladesh.

Utilising the latest highly energy efficient power generating technology the Phulbari coal mine can support some 6,600MW. The Project site can also support over 2,000MW of Solar Power capacity throughout the Project life span. GCM requires approval from the Government of Bangladesh to develop the Project. GCM requires approval from the Government of Bangladesh to develop the Project. The Company has a strategy of linking the Company's mine proposal to supplying coal to the Government of Bangladesh's existing and in the pipeline coal-fired power plants and / or power plants implemented with its development partner. Together with its credible, internationally recognised strategic development partner, GCM aims to deliver a practical power solution to provide the cheapest coal-fired electricity in the country, in a manner amenable to the Government of Bangladesh.