Conditional Agreement for Alien Metals to increase interest in Hamersley Iron Ore Project to 90%
Excellent results from maiden drilling program and Iron Ore price performance underscore the rationale

20 May 2021

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Alien Metals Ltd (LSE AIM:UFO), a minerals exploration and development company, is pleased to
advise that it has executed a conditional Share Sale Agreement (“SSA”) to increase its effective interest
in the Hamersley Iron Ore Direct Shipping Ore (“DSO”) Project, situated in the world-class Pilbara
region of Western Australia (the “Project”) from 51% to over 90% (the “Acquisition”).