Director Change and Share Incentive Scheme

Critical Mineral Resources PLC ('CMR' or the 'Company'), the exploration and development company focused on critical metals and minerals in Morocco is pleased to announce that Dominic Traynor has been appointed Executive Chairman of the Company.

Dominic Traynor has been a Non-Executive Director of the Company for over two years, most recently as Non-Executive Chairman. During this time, he has worked closely with CMR Chief Executive Charlie Long and the management to implement the Company's strategy and its successful transition to an exploration and development company focused on critical and clean energy metals in Morocco. The appointment reflects Dominic's increased involvement in CMR's strategic management and corporate affairs as it continues to gain significant momentum in building a diversified portfolio of Morrocan high-quality metals exploration and development projects.

Separately today, the Company announced it had signed an exclusive option to acquire a high-grade silver and copper project in the Anti-Atlas and has raised £750,000 through the issue of a convertible loan note.

Share Incentive Scheme

The board of directors has approved the Critical Mineral Resources plc 2024 Equity Incentive Scheme (the 'Scheme') and eligible employees have today entered into agreements under the Scheme. The Scheme's main rules set out, among other things, that the Scheme is limited to 10% of the Company's share capital, that non-executive directors are eligible for up to 1% of the Company's share capital, and executive directors are eligible for up to 3% of the Company's share capital. The Scheme is being constituted to incentivise eligible employees and further align their interests with those of shareholders with performance conditions relating to a long-term and sustainable increase in the value of the Company.

The total number of shares granted to an eligible employee will be divided by three - referred to as the first, second and third tranches. The first tranche will be released from forfeiture obligations if after 12 months the share price is 2.5p or higher, the second tranche will be released from forfeiture obligations if, after 24 months the share price is 3.5p or higher, and the third tranche will be released from forfeiture obligations if after 36 months the share price is 5.0p or higher.