GlobeNewswire Inc | Nov 16, 2021 02:00AM EST

November 16, 2021

ST HELIER, Jersey, Nov. 16, 2021 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (NYSE American: CMCL; AIM: CMCL) (Caledonia or the Company) announces that Mr John McGloin, a non-executive director of the Company, has exercised options in respect of, and the Company has issued and allotted, 18,000 common shares of no par value each in the Company (the Option Shares). The exercise price was CAD$11.50 per Option Share. Following this transaction, Mr McGloin holds an interest in 18,000 shares in the Company representing approximately 0.15 per cent of the issued share capital of the Company.

Application has been made by Caledonia for the Option Shares to be admitted in the form of depositary interests to trading on AIM and it is anticipated that trading in such securities will commence on or around November 19, 2021.

Following the issue of the Option Shares, the Company has a total number of shares in issue of 12,136,823 common shares of no par value each. Caledonia has no shares in treasury; therefore, this figure may be used by holders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company.

For further information please contact:

Caledonia Mining Corporation Plc Mark Learmonth Tel: +44 1534 679 800Camilla Horsfall Tel: +44 7817 841 793 WH Ireland (Nomad & Broker) Adrian Hadden/Andrew de Andrade Tel: +44 20 7220 1751 Blytheweigh Tim Blythe/Megan Ray Tel: +44 207 138 3204 3PPB Patrick Chidley Tel: +1 917 991 7701Paul Durham Tel: +1 203 940 2538 The information contained within this announcement is deemed by the Company toconstitute inside information under the Market Abuse Regulation (EU) No. 596/2014 (?MAR?) as it forms part of UK domestic law by virtue of the EuropeanUnion (Withdrawal) Act 2018 and is disclosed in accordance with the Company'sobligations under Article 17 of MAR.

NOTIFICATIONAND PUBLIC DISCLOSURE OF TRANSACTIONS BYPERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATEDWITH THEM

1 Details of the person discharging managerial responsibilities/person closely associateda) Name John McGloin2 Reason for the notificationa) Position/status Non-Executive Directorb) Initial notification/ Amendment Initial notification3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora) Name Caledonia Mining Corporation Plcb) LEI 21380093ZBI4BFM75Y51 Details of the transaction(s): section to be repeated for (i) each type of4 instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted Description of the financial instrument, type of Common shares of no para) instrument value

Identification code JE00BF0XVB15b) Nature of the transaction Exercise of share options Price(s) Volume c) Price(s) and volume(s) (s) CAD11.50 18,000 Aggregated information

d) - Aggregated volume 18,000

- Price CAD207,000e) Date of the transaction 15 November 2021f) Place of the transaction Outside a trading venue