Kingsgate Consolidated Limited (ASX:KCN) ('Kingsgate' or the 'Company') is pleased to advise that it has entered into definitive loan documentation for a US$35,000,000 term facility with Nebari Gold Fund 1 ('NGF 1'), LP and Nebari Natural Resources Credit Fund II, LP ('NNRCF II' and, together, 'Nebari') (the 'Facility').

The funds will be available for drawdown following satisfaction of conditions precedent standard for a facility of this nature. Key terms of the Facility are set out in Schedule 1 of this announcement. Nebari (or its nominee) will be issued with an initial 6,986,589 nil premium unlisted warrants in Kingsgate the key terms of which are set out in Schedule 2 of this announcement.

In particular, this new facility will enable Kingsgate to: consolidate its existing debt by refinancing Kingsgate's existing bridge facility with NGF 1; repay the Preference Shareholder loans; ensure timely delivery of the remainder of the new mining equipment; expand the aggressive near mine and regional exploration programs; work on upgrading the existing resource base at the Chatree Gold Mine ('Chatree'); provide the necessary headroom as mining operations continue to ramp up at Chatree and undertake capital restructuring provided the facility is kept in good order

Kingsgate's Managing Director and Chief Executive Officer, Mr. Jamie Gibson noted: 'This new facility will give Kingsgate enhanced balance sheet flexibility as production continues to ramp up at Chatree, while supporting our continued focus on growth through exploration. Our preference for debt funding underpins our overarching commitment to building shareholder value through further validation of the quality of the Chatree Gold Mine'. Roderik van Losenoord, Managing Director of Nebari, commented: 'Nebari is very pleased to continue its partnership with Kingsgate, and to support Chatree's ongoing ramp-up to full production. We look forward to continuing our role as a supportive partner and lender and are thankful to the entire Kingsgate team for the trust and great partnership

Contact:

Email: investor@kingsgate.com.au

About Nebari

Nebari is a United States-based investment manager, specialized in privately offered pooled investment vehicles including Nebari Natural Resources Credit Fund II, LP and Nebari Gold Fund 1, LP, which are funding this transaction. The growing Nebari team has deep experience with leading global mining companies and financial institutions. Nebari is known for partnering with motivated and capable management teams, focused on achieving clear goals, supported by technically strong assets.

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