An anonymous director reports

KARORA RESOURCES RESPONDS TO MEDIA SPECULATION

Karora Resources Inc. has noted the recent press speculation in relation to a potential transaction involving Ramelius Resources Ltd. and Karora. Karora continually assesses strategic options and holds discussions with various industry participants. Karora confirms that it is currently in exclusive discussions with Ramelius regarding a potential business combination. Discussions remain confidential and incomplete. No definitive agreement has been reached, and there can be no assurance that any transaction will result from these discussions. Even if a final transaction is agreed upon, there can be no assurances as to its terms, structure or timing. Karora does not intend to make any additional comments regarding these discussions or any potential transaction unless a definitive agreement has been reached.

About Karora Resources Inc.

Karora is focused on increasing gold production at its integrated Beta Hunt gold mine and Higginsville gold operations in Western Australia. Ore is processed at two centralized plants: the 1.6-million-tonne-per-year Higginsville mill and the one-million-tonne-per-year Lakewood mill, both located near its mining operations. At Beta Hunt, a robust gold mineral resource/reserve is hosted in multiple gold shears, with gold intersections along a five-kilometre strike length remaining open in multiple directions. Higginsville has a substantial mineral gold resource/reserve and prospective land package totalling approximately 1,900 square kilometres. Karora has a strong board and management team focused on delivering shareholder value and responsible mining, as demonstrated by Karora's commitment to reducing emissions across its operations.

We seek Safe Harbor.