Result of Placing and Subscription

Anglesey Mining Plc (AIM:AYM) is pleased to announce that, further to its announcement of 7 a.m.. (London time) on 28 June 2024, it has successfully completed and closed the Placing and Subscription.

The Placing and Subscription raised, in aggregate, gross proceeds of £415,000. The Placing comprises the placing of 32,500,000 Ordinary Shares (the “Placing Shares”) with certain institutional and other investors at a price of 1 pence per share (the “Issue Price”), and the Subscription comprised a subscription of 9,000,000 Ordinary Shares (“Subscription Shares“) at a price of 1 pence per share.

The Placing and Subscription is conditional on, amongst other matters, Admission.

The net proceeds of the Placing and Subscription will be applied to developmental work at Parys Mountain, advancing development options at Grängesberg Iron Ore Mine, debt repayment; and general working capital purposes.

The Company has been notified of the following participants in the Subscription (conditional only on admission of the Subscription Shares to trading on AIM):

PDMR Participation in the Subscription

Substantial Shareholder Participation

Energold Minerals Inc. has subscribed for 6,000,000 Ordinary Shares in the Subscription increasing its total holding in the Company to 95,108,204 Ordinary Shares (being 20.6% of the enlarged share capital of the Company after completion of the Placing and the Subscription).

Admission and Total Voting Rights

Application has been made to the London Stock Exchange for admission of the Placing Shares and the Subscription Shares, (being a total of 41,500,000 Ordinary Shares) to trading on AIM. It is expected that admission will become effective and dealings in the Placing Shares commence on AIM at 8.00 a.m. on 04 July 2024 (or such later date as may be agreed between the Company and the Bookrunner, but no later than 28 July 2024).

The Placing Shares and the Subscription Shares will be issued fully paid and will rank pari passu in all respects with the Company's existing Ordinary Shares.

Following Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 461,593,017 with voting rights. This figure may be used by shareholders 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 Company's share capital pursuant to (i) the Company's Articles, (ii) the Financial Conduct Authority's Disclosure Guidance and Transparency Rules and/or (iii) the AIM Rules for Companies issued by the London Stock Exchange plc as amended from time to time.

Capitalised terms used but not otherwise defined in this announcement shall have the meanings ascribed to such terms in the Company's announcement made at 7.00 a.m. on 28 June 2024, unless the context requires otherwise.

• Details of the person discharging managerial responsibilities/person closely associated
• Name: Andrew King
• Reason for the notification
• Position/status: Interim Chairman
• Initial notification/Amendment: Initial notification
• Name: Anglesey Mining Plc
• LEI: 213800X8BO8EK2B4HQ71
• Description of the financial instrument, type of instrument: Identification code: Ordinary shares of 1 pence each GB0000320472
• Nature of the transaction: Purchase of ordinary shares
• Price(s) and volume(s): Price(s) Volume(s) 1 pence 2,000,000
• Aggregated information: Aggregated volume: Price: N/A
• Date of the transaction: 28 June 2024
• Place of the transaction: Outside a trading venue
• Details of the person discharging managerial responsibilities/person closely associated
• Name: Rob Marsden
• Reason for the notification
• Position/status: Chief Executive Officer
• Initial notification/Amendment: Initial notification
• Name: Anglesey Mining Plc
• LEI: 213800X8BO8EK2B4HQ71
• Description of the financial instrument, type of instrument: Identification code: Ordinary shares of 1 pence each GB0000320472
• Nature of the transaction: Purchase of ordinary shares
• Price(s) and volume(s): Price(s) Volume(s) 1 pence 1,000,000
• Aggregated information: Aggregated volume: Price: N/A
• Date of the transaction: 28 June 2024
• Place of the transaction: Outside a trading venue

Information to Distributors

Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended (“MiFID II”); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the “MiFID II Product Governance Requirements”), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any “manufacturer” (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the Placing Shares have been subject to a product approval process, which has determined that such securities are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II (the “Target Market Assessment”). Notwithstanding the Target Market Assessment, distributors should note that: the price of the Placing Shares may decline and investors could lose all or part of their investment; the Placing Shares offer no guaranteed income and no capital protection; and an investment in the Placing Shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Placing. Furthermore, it is noted that, notwithstanding the Target Market Assessment, the Bookrunner will only procure investors who meet the criteria of professional clients and eligible counterparties.