19 April 2018

Pathfinder Minerals plc

("Pathfinder" or the "Company")

Update on Requisition to Convene a General Meeting

Further to the announcement of 4 April 2018 regarding a notice requisitioning a general meeting of the Company's shareholders, the Company was today informed by James Normand, one of the individuals proposed by the requisitioners for appointment to the board of Pathfinder, that he has withdrawn his candidacy. Accordingly, given that James Normand does not consent to act as a director of Pathfinder, the proposed resolution to appoint James Normand as a director of the Company cannot be properly moved as it would, if passed, be ineffective and will therefore not be put to the Company's shareholders at the general meeting.

The Company will continue to comply with its obligations under the Companies Act and will convene a general meeting in respect of the requisitioners' remaining resolutions.  A further update on the general meeting will be given in due course.

Enquiries:                                                                                                        

Pathfinder Minerals Plc

Nick Trew, Chief Executive

Tel. +44 (0)20 3440 7775

WH Ireland Limited (Nomad and Corporate Broker)

James Joyce or Jessica Cave

Tel. +44 (0)20 7220 1666

Vigo Communications (Public Relations)

Ben Simons or Kate Rogucheva

Tel. +44 (0)20 7830 9700

Email. pathfinderminerals@vigocomms.com

Notes to Editors:

Pathfinder Minerals Plc is incorporated in England and is admitted to trading on the AIM market of the London Stock Exchange.

CMdN, a subsidiary of Pathfinder, was issued mining concession licences 760C and 4623C on 13 September 2004 and 13 July 2011 respectively, each for a period of twenty-five years. Taken together, these mining concessions cover approximately 32,000 hectares of land on the Indian Ocean coast of the Zambezia province of Mozambique, known to contain the heavy minerals, ilmenite, rutile and zircon.

As announced on 3 February 2012, ownership of these licences is being disputed.