Mr. James Bruchs reports

TSODILO RESOURCES LIMITED HIGH COURT OF BOTSWANA INTERDICTS AND RESTRAINS THE MINISTER OF MINES AND ENERGY WITH RESPECT TO GCWIHABA PROSPECTING LICENSES PL021-024/2018

The High Court of Botswana has rendered an order that interdicts and restrains the Minister of Mines and Energy, through the Department of Mines or any other department, from receiving, considering or assessing the renewal applications in relation to prospecting licences PLs 021024/2018 pending the delivery of the judgment in the applicant's review application with respect to prospecting licence PL021/2018.

James M. Bruchs, chairman and chief executive officer of Tsodilo Resources Ltd., commented: "The issue is relatively straight forward, pursuant to Section 19 of the Mines and Minerals Act, contiguous prospecting licences covering the same period and the same mineral or minerals, the minister shall, for the purposes of the elimination (reduction) of part of any of the areas thereof, permit the areas covered thereby to be deemed to be one area, the subject of one such prospecting licence. The Xaudum iron formation (XIF) project extends for a known length of some 40 kilometres and traverses most if not all of the licences set forth below. The effect of granting some of the PLs at one time and not all of the contiguous licences that form the project effectively diminishes the value or potential of the project as it impacts the evaluation and exploration activities. We believe the act makes it clear that it is the discretion of the licence holder to determine which areas to retain and which areas to relinquish as it protects the licence holder from instances where one would be required to relinquish the prospective area and keep the non-prospective area. Given that one of our prayers for relief in our PL020/2018 review application is to realign the five licences so that their durations remain coherent with one another, we felt it timely that any actions with respect to PLs 021-024/2018 be stayed as the date for the renewal applications was imminent."

To be fully transparent and meet the volume of requests, the company has established landing page(s) regularly updated to include all records related to the litigation.

About Tsodilo Resources Ltd.

Tsodilo Resources is an international resource exploration company engaged in the search for economic metal and diamond deposits at its Gcwihaba Resources Pty. Ltd. and Bosoto Pty. Ltd. projects in Botswana.

We seek Safe Harbor.