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Grant of Share Options

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Atalaya Mining Plc (LSE: ATYM) announces that in accordance with the Company's Long Term Incentive Plan 2020 (the "LTIP2020") which was approved by shareholders at the Annual General Meeting on 25 June 2020, it has granted 150,000 share options (the "Options") to an employee.

The Options expire on 21 December 2029, five years from the deemed date of grant (22 December 2024), have an exercise price of 333.50 pence per ordinary share, being the closing price on the grant date, and vest in three equal tranches, one third on grant and the balance equally on the first and second anniversary of the grant date.

As a result, the Company has options outstanding over an aggregate of 5,423,666 ordinary shares.

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