Share Placing

Alba Mineral Resources plc (AIM: ALBA), the gold and critical raw materials focused exploration and development company, announces that it has raised £800,000 (before costs) in a share placing.

Details

The Company has raised £800,000 (before expenses) in a share placing involving the issue of 4,000,000,000 new ordinary shares at a price of 0.02 pence per ordinary share (the "Issue Price") (the "Placing"), conditional on the admission of such new ordinary shares to trading on AIM. The placing price represents a discount of 20% to the last closing bid price of the Company's shares on 27 February 2026. CMC Markets UK Plc, trading as CMC CapX ("CMC Markets"), acted as the Company's sole placing agent in respect of the Placing.

The proceeds from the Placing are intended to be used to continue the Company's activities across its projects, including some or all of the following value-enhancing work activities:

1/ Clogau Gold Mine (Wales)

• Complete drilling and blasting of ca. 20m bulk sampling programme at priority Llechfraith target.
• Complete processing of ca. 300 tonnes of ore from that programme.
• Upgrade process plant to handle greater production rates.
• Continue to develop and market new Welsh gold products.

2/ Motzfeldt Critical Metals Project (south Greenland)

• Updated Mineral Resource / Scoping Study work.
• Continuation of metallurgical processing programme.
• Preparations for summer field programme to advance Merino prospect (e.g. hyperspectral survey), planning for Phase 2 drilling programme at Aries deposit.

3/ Finnsbo Gold-Copper-Rare Earth Project (Sweden)

• Completing assay programme on drill core from Nov 2025 drill programme to determine continuity of exceptionally high-grade mineralisation found at surface.

4/ General working capital requirements.

Application will be made for the placing shares to be admitted to trading on AIM ("Admission"). It is expected that Admission of the new ordinary shares will become effective at 8.00 a.m. on or around 6 March 2026. The new ordinary shares will be issued credited as fully paid and will rank in full for all dividends and other distributions declared, made or paid after Admission and will otherwise rank on Admission pari passu in all respects with the existing ordinary shares.

Total Voting Rights

Following Admission of both the placing shares and the Alba consideration shares, the total number of ordinary shares in issue will be 23,835,050,231. The Company does not hold any ordinary shares in treasury. Therefore, the total number of ordinary shares with voting rights will be 23,835,050,231. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.