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Caledonia Mining Corporation Plc: Results of Annual General Meeting

1. Caledonia Mining held its AGM with 58.27% shareholder representation. 2. All proposed director reappointments received strong support from shareholders. 3. BDO South Africa Inc. reappointed as auditor at the AGM. 4. Audit Committee members reappointed to maintain oversight. 5. Transparency in resolutions enhances stakeholder confidence and governance.

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Why Bullish?

Strong shareholder support for directors suggests stability and confidence in leadership, often leading to positive market reactions. Historical instances where management stability promotes stock performance bolster this view.

How important is it?

The AGM's outcome is crucial for investor sentiment and company governance, likely influencing CMCL’s stock price positively due to perceived stability.

Why Short Term?

Immediate market confidence can boost CMCL’s stock in the days following the AGM, similar to past instances where shareholder engagement has driven price increases post-positive meetings.

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NEMAUYGOLD
ST HELIER, Jersey, May 06, 2025 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("the Company") (NYSE American, AIM and VFEX: CMCL) announces the results of its annual general meeting of shareholders (the “AGM”) held at St Helier, Jersey today. The total number of shareholders present in person or by proxy at the AGM was 92, representing 58.27% of the Company’s outstanding voting shares. The table below shows the proxy votes received on resolutions 1(a) to 1(i), which were duly passed by a show of hands, to reappoint the nominees proposed for re-election as directors: NomineeVote typeVoted%Mark LearmonthFor10,128,94899.52% Against48,3430.48% Abstain1,019,818 John KellyFor10,889,47797.37% Against294,1882.63% Abstain13,444 Nick ClarkeFor11,091,69999.18% Against91,9660.82% Abstain13,444 Geralda WildschuttFor10,301,83392.11% Against882,2007.89% Abstain13,076 Gordon WylieFor10,293,39892.04% Against890,4677.96% Abstain13,244 Victor GapareFor10,906,88597.52% Against276,9402.48% Abstain13,284 Tariro GadzikwaFor11,082,44299.10% Against101,1830.90% Abstain13,484 Stefan BuysFor11,134,79999.56% Against49,0260.44% Abstain13,284 Lesley GoldwasserFor11,145,59499.65% Against39,3180.35% Abstain12,197  Further resolutions 2 and 3 were also passed at the AGM so that: BDO South Africa Inc was reappointed as the auditor of the Company for the ensuing year and the directors were authorised to approve their remuneration; andMr. Wylie, Ms. Wildschutt, Ms. Gadzikwa and Ms. Goldwasser were reappointed as members of the Audit Committee. The full text of each resolution, together with explanatory notes, are set out in the notice of AGM and management information circular dated March 26, 2025 which are available on the Company's website at: https://www.caledoniamining.com/investors/shareholder-information/#shareholder-meeting-documents For further information please contact: Caledonia Mining Corporation PlcMark LearmonthCamilla HorsfallTel: +44 1534 679 800Tel: +44 7817 841 793Cavendish Capital Markets Limited (Nomad and Joint Broker)Adrian Hadden Pearl KellieTel: +44 207 397 1965Tel: +44 131 220 9775Liberum Panmure (Joint Broker)Scott MathiesonAilsa MacMasterTel: +44 20 3100 2000Camarco, Financial PR (UK)Gordon PooleJulia TilleyElfie KentTel: +44 20 3757 49803PPB (Financial PR, North America)Patrick ChidleyPaul DurhamTel: +1 917 991 7701Tel: +1 203 940 2538Curate Public Relations (Zimbabwe)Debra TatendaTel: +263 77802131IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe)Lloyd MlotshwaTel: +263 (242) 745 119/33/39

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