DGAP-News: Sumo Resources PLC

DGAP-News: Sumo Resources PLC: acquisition strategy

DGAP-News: Sumo Resources PLC / Key word(s): Strategic Company Decision Sumo Resources PLC: acquisition strategy

18.07.2016 / 18:15 The issuer is solely responsible for the content of this announcement.

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Sumo Resources Plc is pleased to announce that the company is executing an aggressive acquisition strategy. In our opinion prices of certain commodities in the mining sector will significantly increase over the medium term. This will be driven by a lack of new supply coming online in the coming years and lower grade of ores being mined.

The company will specifically target takeovers of Greenfield Tantalum and Gold projects with the focus on getting the mineral deposits under control of the subsidiaries of the company for future development. Our strategy to focus on low cost surface mining opportunities remains as a criteria for acquisitions.

In this regard the company is in advanced negotiations with various smaller entities that have rights and licenses to minerals. Evaluations of some of the properties are already underway and expected to be concluded in the coming months.

Further updates on our progress will be provided in due course.

info@sumoresources.com

+49 211 178 6248

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18.07.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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483481 18.07.2016