· Contracting 2 drill rigs for an accelerated six-month, 20,000 metre drilling programme at Bushranger · Planned recruitment of a quality exploration team and site expansion at Bushranger · Objective of drilling is a potential 2 million tonne copper target Placing The Board of Xtract Resources Plc ( Xtract or the Company ) is pleased to announce that the Company s Broker, Novum Securities, has today conditionally raised £5,500,000 (before expenses) for the Company following the placement of of 98,214,286 new Ordinary Shares of 0.02p each ( Placing Shares ) at 5.6p ( Placing Price ) per Placing Share (the Placing ). The Placing Shares represent approximately 13.2% of the current issued ordinary share capital of the Company. The Placing Price is at a discount of approximately 9.6% compared to the closing mid-market price on 16 April 2021 of 6.2p per ordinary share.