2023 Extraordinary General Meeting Statement

Atalaya Mining plc ("Atalaya" or the "Company") (AIM: ATYM) is hosting its 2023 Extraordinary General Meeting ("EGM") today at 11.00 a.m. GMT at Hamilton House, 1 Temple Avenue, London, England EC4Y 0HA. At the AGM, Roger Davey, non-executive Chairman of the Company, will make the following statement:

"Dear Shareholder,

Welcome to this Extraordinary General Meeting (EGM) of Atalaya Mining plc.

The purpose of today's EGM is to consider and approve the resolutions which are necessary to approve the Re-domiciliation of the Company to Spain. If the resolutions are approved (and the voting results suggest that all resolutions have been passed), and following receipt of the required regulatory consent, the Company's corporate seat and registered office will be transferred from the Republic of Cyprus to the Kingdom of Spain.

The Company's legal form will be converted from a public limited company under the laws of the Republic of Cyprus, into a public limited company (Sociedad Anónima) under the laws of the Kingdom of Spain. The Company shall no longer be governed by the laws of the Republic of Cyprus but shall continue to exist as a legal entity which shall be governed by Spanish law, and the name of the Company will be changed to Atalaya Mining Copper, S.A.

It is anticipated that the re-domiciliation and the change of name will take effect on or about May 2024.

The re-domiciliation is being proposed as the incorporation in Cyprus no longer reflects the Company's geographic and strategic focus, and therefore represents a legacy structure for the Company. It forms part of a broader strategy to improve the Company's profile, gain broader access to institutional investors and enhance trading liquidity. Within this strategy, as previously announced, the Company is pursuing an application for the Company's Ordinary Shares to be admitted to the premium listing segment of the Official List and to the London Stock Exchange for such Ordinary Shares to be admitted to trading on the Main Market. The combination of this and the re-domiciliation also opens the possibility for the Company to be included in the FTSE UK Index Series (subject to other eligibility criteria being satisfied at the time of application), which the Company believes would be in the interest of its Shareholders.

A number of jurisdictions were evaluated for the re-domiciliation, including the UK in particular. However, a move of the Company's parent company to the UK would have resulted in a capital gains tax event for all shareholders.

Our efforts are aimed at maximising the return for shareholders, institutions and individuals alike. From our dialogue with investors, we understand that there are some concerns relating to potential tax implications on dividend payments by the Company once migrated to Spain.

We believe that this potential tax impact will be compensated by the above mentioned benefits of the Step-up to the Main Market. I would like to take this opportunity to once again thank you for your continued support of the Company and we all look forward to new chapters in the Company's journey to maintaining its leading position as a copper and other critical metals producer in Europe."