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Tsodilo Resources Limited Announces Renewal of BK16 Prospecting License

Tsodilo Resources Limited Announces Renewal of BK16 Prospecting License

TORONTO, CANADA – Tsodilo Resources Limited (TSX Venture Exchange: TSD) (“Tsodilo” or the “Company”) is pleased to announce the Ministry of Mineral Resources, Green Technology and Energy Security (MMGE) in Gaborone, Botswana has granted the renewal of Prospection License 369/2014 for an additional two-year period ending September 30, 2021.

The license area contains the Company’s BK16 kimberlite project. The emphasis of the program for the next 2 years will be the Phase II surface bulk sampling program which will be the extraction, processing and diamond recovery of 20,000 metric tonnes of kimberlite. Further information about the Phase II program can be found in the Company’s press release of July 15, 2019 located at;

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