GCM Resources : Reconvening Adjourned Annual General Meeting

28 February 2020

GCM Resources plc

('GCM' or the 'Company')

(AIM:GCM)

Reconvening Adjourned Annual General Meeting

GCM Resources plc (AIM:GCM), a resource exploration and development company, is pleased to announce that the Company's adjourned 2019 Annual General Meeting will be reconvened at 10.00 a.m. on Tuesday 10 March 2020 at Glaziers Hall, 9 Montague Close, London, SE1 9DD.

As announced on 16 and 18 December 2019, the 2019 Annual General Meeting convened for 18 December 2019 was adjourned, until further notice, due to the previous venue being withdrawn as a location for access and security reasons.

The Notice of Annual General Meeting has been posted today. Copies are available on request from the Company and are on the Company's website (www.gcmplc.com).

Please note that any previous form of proxy that you have submitted in respect of the Annual General Meeting, which was adjourned on 18 December 2019, WILLbe valid in connection with the 2019 Annual General Meeting to be held on 10 March 2020, unless you submit a replacement form of proxy. If you submit a replacement form of proxy, the proxy received closest to the latest time for the receipt of proxies will take precedence.

For further information:

About GCM Resources

GCM Resources plc (LON:GCM), the AIM listed 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 is capable of supporting power plants of up to 6,000MW. GCM is awaiting approval from the Government of Bangladesh to develop the Project. The Company has a strategy of combining the Company's mine proposal with up to 6,000MW of power generation, together with credible, internationally recognised strategic partners. GCM aims to deliver a practical power solution to provide the cheapest electricity in the country, in a manner amenable to the Government of Bangladesh.