Mr. Robin Birchall reports

GIYANI CONSOLIDATES CORPORATE STRUCTURE

Giyani Metals Corp. has acquired from Malungani Resources Pty. Ltd. all of the outstanding ordinary shares of Lexshell 837 Pty. Ltd. not already held indirectly by Giyani as the beneficial owner, pursuant to a share purchase agreement dated Nov. 12, 2019, with the result that Giyani will consolidate its 100-per-cent share ownership in Lexshell. Malungani is at arm's length to Giyani.

As announced on Sept. 19, 2019, pursuant to the terms of a sale of shares agreement, Lexshell has agreed to sell to Corridor Mining Resources Pty. Ltd. all of Lexshell's ordinary shares of Rock Island Trading 17 Pty. Ltd. Upon completion of the Rock Island sale, Lexshell will transfer the cash consideration received in connection therewith to Giyani in settlement of certain intercompany debt.

Giyani acquired the Lexshell shares from Malungani pursuant to the terms of the purchase agreement for the amount of $262,289.72 in lieu of distributing a pro rata portion of the settlement. The purchase price will be paid and satisfied by Giyani as to the sum of $87,429.91 by the issuance to Malungani of 416,333 common shares of Giyani, and as to the balance of the purchase price by the issuance to Malungani of 832,666 common shares of Giyani upon and subject to the final closing of the Rock Island sale and the acquisition of any governmental or other approvals required under South African law or otherwise in respect of Lexshell and the Rock Island sale. Giyani expects to receive 6,370,031 South African rand (approximately $574,408), representing two-thirds of the total proceeds, on completion of the sale of its shares in Rock Island to Corridor Mining Resources. The company has already received one-third of the purchase price as announced on Sept. 19, 2019.

Robin Birchall, chief executive officer of Giyani, commented: "I am pleased that as part of the process of disposing of our gold assets, we are also tidying up the overall corporate structure of Giyani Metals Corp. This will allow the company to focus on its core manganese assets in Botswana and on becoming a producer of electrolytic manganese metal (EMM) for the expanding global battery electric vehicle market."

About Giyani Metals Corp.

Giyani is a Canadian junior explorer and developer focused on creating shareholder value by accelerating the development of its high-grade manganese project in the Kanye basin, Botswana, Africa.