Industry Conference Presentation

Capital Metals (AIM: CMET), a mineral sands company approaching mine development stage at the high-grade Eastern Minerals Project in Sri Lanka (the "Project"), looks forward to engaging with potential offtakers and suppliers at the TZMI Congress, the key mineral sands industry event, in Kuala Lumpur this week. The Company's COO, Stuart Forrester, will be giving a presentation on how the Project's very high grades enable simplicity, lower capex and opex, higher recoveries, and a reduced environmental footprint.

The key objective for the conference is to advance discussions on offtake agreements and prepayment arrangements to contribute to funding for the revised stage 1 capex plan. The Company intends to provide an update on operations in the near term, including progress in discussions with a leading global equipment supplier and engineering firm for the revised stage 1 plan, still targeting a production rate of 0.55 million tonnes per annum.

Investors can view an updated presentation titled "REDUCED CAPEX PLAN TO PRODUCTION" on the Company's website at: https://capitalmetals.com/our-investor-relations/presentations/.

Capital Metals will also be attending and presenting at Mines and Money @ Resourcing Tomorrow in London, 3-5 December 2024. The conference has over 2,000 registrants from the mining value chain, including global mining and energy companies, investors, government representatives, researchers, educators, regulators, suppliers, and operators. To find out more about Resourcing Tomorrow, including details on how to register, visit: https://resourcingtomorrow.com/.

No material new information is contained within the presentation.

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