Exercise Of Warrants and Issue of Equity

8 December 2020

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Alien Metals Limited, a minerals exploration and development company, is pleased to announce that, following the receipt of Exercise Notices, it has issued 3,435,445 ordinary shares of no par value in the capital of the Company at an issue price of 0.25 pence per share (“New Ordinary Shares”). The New Ordinary Shares will rank pari passu with the existing ordinary shares in issue and application will be made to the London Stock Exchange for 3,435,445 New Ordinary Shares to be admitted to trading on AIM. Admission of the New Ordinary Shares is expected to become effective at 08.00 on or around 14 December 2020.