Finnsbo Project, Sweden

Alba Mineral Resources plc (AIM: ALBA), the gold and critical raw materials focused exploration and development company, notes certain public statements regarding the purported termination of Alba's earn-in rights under the agreement previously entered into between Alba and Alba's partner in the Finnsbo project in Sweden (the "Project") (the "Agreement"). Alba contends that it has fulfilled the terms of the Agreement and that the Agreement, and Alba's earn-in rights, remain in full force and effect. The Company refutes any claims to the contrary.

The Company is satisfied that it has fulfilled the expenditure requirement for the first 12-month earn-in period, has therefore earned a 25% interest in the Project and as such is entitled under the terms of the Agreement to continue earning into the Project during a second 12-month period and, subject to meeting the applicable expenditure requirements, to increase its interest to 51%.

The Company intends to take such legal steps as it considers necessary to ensure that its rights under the Agreement are recognised and fully protected and is further considering all appropriate remedies in relation to the publication of certain other related, and wholly unfounded, public statements in relation to this matter.

As part of the agreed work programme, Alba drilled three holes at the Project in late 2025 and is in the process of arranging for the drill core to be assayed.