ST HELIER, Jersey, July 03, 2023 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (“Caledonia” or the “Company”) (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) is pleased to announce that the Board of Directors has declared a quarterly dividend of 14 United States cents (US$0.14) on each of the Company's shares.

Commenting on the announcement, Mark Learmonth, Chief Executive Officer, said:

“Over the last 10 years Caledonia has built a strong reputation for delivering on its word and rewarding shareholders through growth and dividends.

“The last 18 months have seen much change in the shape of the business: we have acquired three new gold projects in Zimbabwe and we commissioned the 12MWac solar plant which provides about a quarter of Blanket's average daily electricity requirements.

“I am very excited with the opportunity that we have to evolve the business; as we pursue our strategy to become a multi-asset, Zimbabwe-focused gold producer.”

The relevant dates relating to the dividend are as follows:

• Ex-dividend date VFEX: July 12, 2023
• Ex-dividend date AIM and NYSE: July 13, 2023
• Record date: July 14, 2023
• Payment date: July 28, 2023

Shareholders with a registered address in the UK will be paid in Sterling.