Strategic Acquisition of 100% of the Vivash Gorge Iron Ore Project, Western Australia

Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development company, is pleased to update the market that it has entered into a Binding Heads of Agreement with ASX-listed Zenith Minerals Ltd (ASX:ZNC) (Zenith) to acquire, subject to the satisfaction of certain conditions, 100% of the Vivash Gorge Iron Ore Project in the Pilbara region of Western Australia.