Placing to raise £1.0 million, Appointment of Turner Pope Investments (TPI) Limited as Joint Broker

Alien Metals Ltd (AIM:UFO), a global minerals exploration and development company, is pleased to announce a placing for 1,250,000,000 new common shares of no par value each in the Company (“Common Shares“) (the “Fundraise Shares”) at an issue price of 0.08p (the “Placing Price“) to raise gross proceeds of £1,000,000 (the “Fundraise“) from certain institutional and other investors (the “Placing”).