Issue of Options

Bluejay Mining plc ('Bluejay' or the 'Company'), the AIM, FSE listed and Pink-Market traded exploration and development company with projects in Greenland and Finland, is pleased to announce that the Remuneration Committee has agreed to issue options over a total of 123,000,000 ordinary shares of 0.01 pence in the capital of the Company ('Share Options') to Directors and employees of the Company. The Share Options will vest immediately and will expire on 4 April 2029. The exercise price of the options will be as follows:

The Share Options represent in aggregate 8.17% of the existing issued ordinary share capital of the Company and have been issued to a number of directors and employees of the Company, in line with the Group's ongoing incentive plans. Following the grant of the Share Options, in aggregate there will be 136,900,000 ordinary shares of 0.01 pence of the Company under option to directors and employees of the Company, representing 9.09% of the existing issued ordinary share capital of the Company.

• Name: Eric Sondergaard
• Reason for the notification
• Position/status: Managing Director
• Initial notification/Amendment: Initial notification
• Name: Bluejay Mining Plc
• LEI: 213800E9AEFEHFLOVJ19
• Description of the financial instrument, type of instrument: Identification code: Share options over ordinary shares of £0.01 each GB00BFD3VF20
• Nature of the transaction: Grant of options over ordinary shares
• Price(s) and volume(s): Price(s) Volume(s) 1. 1 pence 12,000,000 2. 2 pence 12,000,000 3. 4 pence 12,000,000
• Aggregated information: Aggregated volume: Price: Aggregated volume: Price: Aggregated volume: Price: Single transactions as in 4 c) above Price(s) Volume(s) 1 pence 12,000,000 Price(s) Volume(s) 2 pence 12,000,000 Price(s) Volume(s) 4 pence 12,000,000
• Date of the transaction: 2024-04-04 19:00 hrs UTC
• Place of the transaction: Outside a trading venue
• Details of the person discharging managerial responsibilities/person closely associated
• Name: Troy Whittaker
• Reason for the notification
• Position/status: Non-Executive Director
• Initial notification/Amendment: Initial notification
• Name: Bluejay Mining Plc
• LEI: 213800E9AEFEHFLOVJ19
• Description of the financial instrument, type of instrument: Identification code: Share options over ordinary shares of £0.01 each GB00BFD3VF20
• Nature of the transaction: Grant of options over ordinary shares
• Price(s) and volume(s): Price(s) Volume(s) 1. 1 pence 5,500,000 2. 2 pence 5,500,000 3. 4 pence 5,500,000
• Aggregated information: Aggregated volume: Price: Aggregated volume: Price: Aggregated volume: Price: Single transactions as in 4 c) above Price(s) Volume(s) 1 pence 5,500,000 Price(s) Volume(s) 2 pence 5,500,000 Price(s) Volume(s) 4 pence 5,500,000
• Date of the transaction: 2024-04-04 19:00 hrs UTC
• Place of the transaction: Outside a trading venue
• Details of the person discharging managerial responsibilities/person closely associated
• Name: Roderick McIllree
• Reason for the notification
• Position/status: Non-Executive Director
• Initial notification/Amendment: Initial notification
• Name: Bluejay Mining Plc
• LEI: 213800E9AEFEHFLOVJ19
• Description of the financial instrument, type of instrument: Identification code: Share options over ordinary shares of £0.01 each GB00BFD3VF20
• Nature of the transaction: Grant of options over ordinary shares
• Price(s) and volume(s): Price(s) Volume(s) 1. 1 pence 8,500,000 2. 2 pence 8,500,000 3. 4 pence 8,500,000
• Aggregated information: Aggregated volume: Price: Aggregated volume: Price: Aggregated volume: Price: Single transactions as in 4 c) above Price(s) Volume(s) 1 pence 8,500,000 Price(s) Volume(s) 2 pence 8,500,000 Price(s) Volume(s) 4 pence 8,500,000
• Date of the transaction: 2024-04-04 19:00 hrs UTC
• Place of the transaction: Outside a trading venue
• Details of the person discharging managerial responsibilities/person closely associated
• Name: Michael Hutchinson
• Reason for the notification
• Position/status: Non-Executive Chairman
• Initial notification/Amendment: Initial notification
• Name: Bluejay Mining Plc
• LEI: 213800E9AEFEHFLOVJ19
• Description of the financial instrument, type of instrument: Identification code: Share options over ordinary shares of £0.01 each GB00BFD3VF20
• Nature of the transaction: Grant of options over ordinary shares
• Price(s) and volume(s): Price(s) Volume(s) 1. 1 pence 3,000,000 2. 2 pence 3,000,000 3. 4 pence 3,000,000
• Aggregated information: Aggregated volume: Price: Aggregated volume: Price: Aggregated volume: Price: Single transactions as in 4 c) above Price(s) Volume(s) 1 pence 3,000,000 Price(s) Volume(s) 2 pence 3,000,000 Price(s) Volume(s) 4 pence 3,000,000
• Date of the transaction: 2024-04-04 19:00 hrs UTC
• Place of the transaction: Outside a trading venue

Disko Exploration Ltd holds two additional projects in Greenland - the 692 sq km Kangerluarsuk zinc-lead- silver project, where historical work has recovered grades of up to 45.4% zinc, 9.3% lead and 596 g/t silver; and the 920 sq km Thunderstone project which has the potential to host large-scale base metal and gold deposits. Bluejay also owns 100% of the fully permitted Dundas Ilmenite Project under its subsidiary Dundas Titanium A/S in northwest Greenland.

In Finland, Bluejay currently holds three large scale multi-metal projects through its wholly owned subsidiary FinnAust Mining Finland Oy. The Company has identified multiple drill ready targets at the Enonkoski nickel-copper-cobalt project in East Finland. Bluejay's Hammaslahti copper-zinc-gold-silver project hosts high-grade VMS mineralisation and extensions of historical ore lodes have been proven. The drill ready Outokumpu copper-nickel-cobalt-zinc-gold-silver project is located in a prolific geological belt that hosts several high-grade former mines. In August 2023, Bluejay successfully divested its Black Schist Projects in Finland to Metals One plc in a transaction worth £4.125 million (Bluejay currently owns c. 29% of the issued ordinary share capital of AIM listed Metals One plc).