Boomslang Project Area, Botswana

Licences:              Prospecting Licence 011/2019

Ownership:        Tlou Energy Limited 100%

The Company’s newest licence, PL011/2019 designated “Boomslang”, is valid for an initial term of 3 years.  The licence area is approximately 1,000 Km² and is situated adjacent to the Company’s existing licences.  The Boomslang area is located on-trend with the encouraging results observed to date at the Lesedi project and is considered to be highly prospective.

The award of the Boomslang licence area (adding to the Company’s existing Lesedi and Mamba Project areas) provides the Company with additional flexibility and optionality.

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Mamba Project Area, Botswana

Licences:              Prospecting Licences 237-241/2014

Ownership:        Tlou Energy Limited 100%

The Mamba project consists of five Coal and CBM PL’s covering an area of approximately 4,500 Km².  The Mamba area is considered to be highly prospective being situated adjacent to Tlou’s Lesedi CBM Project and being on-trend with the encouraging results observed to date.  In the event of a gas field development by Tlou, the Mamba area provides the Company with considerable flexibility and optionality.