Placing to raise £630,000, Appointment of Joint Broker and West Australian Project Update

Alien Metals Ltd (AIM: UFO), a global minerals exploration and development company, is pleased to announce that the Company has raised gross proceeds of £630,000 (before expenses) through a placing (“the Placing”) of 466,666,667 new common shares of no par value in the Company (“Common Shares”) at a price of 0.135 pence per share (the “Placing Shares”). The Placing Shares equate to approximately 6.7% of the Company’s issued share capital as enlarged by the Placing.