Grant of Share Options

October 1st, 2019

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Alien Metals Ltd, the AIM quoted exploration and development company reports today that following a recommendation of the Nomination & Remuneration Committee, it has granted options over the Common shares of the Company (“Options”) to Bill Brodie Good under the terms of the Company’s EMI Share Option Plan, which also makes provision for the award of Unapproved (non-EMI) share options, as set out below.

The Premium as set out below, is by reference to the closing mid-market price of 0.145 pence on 27 September 2019, and ranges from 51% to 210%.

Bill Brodie Good (Technical Director)

No. Unapproved Options

Exercise Price (pence)

Exercisable from

Exercisable to

3,000,000

0.22 (51% Premium)

1 October 2019

28 March 2024

3,000,000

0.30 (106% Premium)

1 October 2019

28 March 2024

4,000,000

0.45 (210% Premium)

1 October 2019

28 March 2024

The aggregate number of share options awarded on 30 September 2019, representing 0.74% of the Company’s present issued share capital. Under the terms of the Company’s EMI Share Option Plan, Options over 81,327,255 are subsisting, and 53,845,072 Common Shares of the Company remain available to be granted.

Following this award of Options, the directors have the following interests in shares and options of the Company:

Director

No. Options

Exercise Price (pence)

Exercisable from

Exercisable to

Dan Smith

3,085,627

3,085,627

6,171,255

0.25

0.25

0.25

29 June 2019

29 September 2019

29 March 2020

28 March 2024

28 March 2024

28 March 2024

Bill Brodie Good

3,000,000

3,000,000

4,000,000

0.22

0.30

0.45

1 October 2019

1 October 2019

1 October 2019

28 March 2024

28 March 2024

28 March 2024

James Cable

500,000

1,100,000

1.00

0.25

10 February 2017

29 March 2019

9 February 2022

28 March 2024

Chris Gordon

17,142,373

0.25

15 May 2018

14 May 2023

None of the directors have any interests in the Common shares of the Company.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

For further information please visit the Company’s website at www.alienmetals.uk, or contact:

Alien Metals Limited

Dan Smith, Executive Chairman

David Taylor, Company Secretary
Tel: +44 (0)20 7887 6599

Yellow Jersey PR Limited

Felicity Winkles/Annabel Atkins

Tel: +44 (0)774 884 3871

Beaumont Cornish Limited (Nomad)

James Biddle/ Roland Cornish

www.beaumontcornish.com

Tel: +44 (0) 207 628 3396

First Equity Limited (Broker)

Jason Robertson

Tel +44 (0)20 7374 2212

Notes to Editors

Alien Metals Ltd is an AIM quoted mining exploration and development company. Since the restructure of the company in 2018, Alien has focused on delivering its strategy of acquiring mining projects which demonstrate significant development upside, in jurisdictions with established infrastructure and mining codes, and where strong operational controls can be assured.

In addition to progressing its acquisition-led strategy, following the strategic review of its portfolio of projects in Mexico during 2018-19, the Company has identified exploration targets across its 12 mining concessions in Zacatecas, Mexico, which it is working to advance systematically.
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