Randgold & Exploration Company Limited revises earnings guidance for the year ended December 31, 2022. Shareholders are referred to the trading statement released by the Company on 8 December 2022, which advised that the Company expected both loss per share ("LPS") and headline loss per share ("HLPS") to be between 24.55 cents and 27.08 cents for the year ended 31 December 2022 ("Previous Trading Statement"). Shareholders are hereby advised that a reasonable degree of certainty now exists that the expected LPS and HLPS will be an improvement on those disclosed in the Previous Trading Statement, with LPS and HLPS now expected to amount to between 22.88 cents and 24.14 cents, representing an increase in both the LPS and HLPS of between 80.26% (10.19 cents) and 90.26% (11.45 cents) for the year ended 31 December 2022, compared to the LPS and HLPS of 12.69 cents reported for the year ended 31 December 2021.