Exercise of Options and Issue of Equity TVR

Alien Metals Limited, a minerals exploration and development company, is pleased to announce that,
following the receipt of an Exercise Notice, it has issued 2,500,000 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 2,500,000 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
18 January 2023.