Pathfinder announces the following update in relation to a possible claim against the Government of Mozambique under the Mozambique - United Kingdom Bilateral Investment Treaty (2004) ( BIT ). Pathfinder announced on 2 November 2020 that, should the Company be unable to resolve its dispute with the Government of Mozambique over the unlawful transfer of mining concession 4623C (the Licence ) (the areas under which were previously licensed to the Company under mining concessions 760C and 4623C) to an unconnected company, the Board intends to seek recourse to the BIT with the support of litigation funders. As part of this strategy, the Board commissioned, and received on 10 December 2020, an updated legal opinion (the Opinion ) from Samuel Wordsworth QC of Essex Court Chambers on the prospects of successfully establishing liability against the Government of Mozambique in a BIT claim against the Government of Mozambique in respect of the Licence. The O