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Republic of Botswana and ReconAfrica amend Exploration Licence to exclude entire Tsodilo Hills area

Republic of Botswana and ReconAfrica amend Exploration Licence to exclude entire Tsodilo Hills area 06 Jan 2021 Petroleum Licence ( ReconAfrica recognises and accepts the importance of pertinent cultural and historical sites. As such the Tsodilo Hills, located in north-west Botswana near the Namibian Border, a UNESCO World Heritage Site, has always been recognized by the Company, as a site with this specific, highly important, designation. To this regard, ReconAfrica and the Government of Botswana began a process in October of 2020 to address this important issue. As a direct result of their collaborative process, the Republic of Botswana has now issued an updated Licence to ReconAfrica excluding ReconAfrica’s entire Core and Buffer areas of the Tsodilo Hills. The License area is now 8990 km2 (2,221,000 acres) versus the previous 9,921 km2 (2,450,000 acres). ReconAfrica is pleased with this preferred structure as the Company has never had plans for operations in the Tsodilo

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