Appointment of Renowned Mining Executive to Board

Empire Metals Limited (LON: EEE), the AIM-quoted resource exploration and development company, is pleased to announce the appointment of Phillip Brumit as Non-executive Director with effect from 1 February 2025.

Phil brings over 40 years of extensive experience in engineering, project management, construction, project start-up, and mining operations across some of the world's leading mining companies. His impressive career includes leadership roles at Freeport-McMoRan, Lundin Mining, and Newmont Corporation, demonstrating a proven track record of operational success on a global scale. Recently, he served as Executive VP Projects & Operations at Josemaria Resources, now part of a major joint venture between BHP and Lundin Mining. Prior to that, he held positions as President and Managing Director of Minera Candelaria (Lundin Mining) in Chile, President of Freeport-McMoRan's African Division focused on the giant Tenke-Fungurume copper-cobalt mine, and General Manager of Operations for PT Newmont Nusa Tenggara's Batu Hijau mine in Indonesia, and various other key operational positions at Newmont Corporation. His deep experience positions him to be a vital resource for the company.

Neil O'Brien, Chairman, said: "We are thrilled to have attracted Phil Brumit to the Empire board. Phil has an accomplished career that includes operational leadership roles for two of the largest US mining companies. His extensive industry experience and proven ability to deliver results on globally significant mining projects is invaluable. With the addition of Phil, the Empire board will broaden its areas of expertise, covering exploration, metallurgy, mine development and operations, finance, and capital markets. His insights will be instrumental as management navigates key milestones, including the development of a pilot plant and the completion of scoping and feasibility studies for the Pitfield Project. This appointment reflects our commitment to assembling a world class team that can achieve our strategic goals, deliver shareholder value and benefit all stakeholders."

Phil Brumit said: "I am delighted to be joining Empire Metals at this exciting time in the development of the Pitfield Project. In my career, I have worked internationally for large US-based mining companies in the development and mining of world class deposits that were essential to global metal supply but also helped propel those companies into the future. I recognize Pitfield as being a truly world class deposit that can become a globally significant mine capable of producing large tonnages of high-purity titanium, a critical mineral essential to the world's manufacturing industry and transition to green renewable energy as identified by Australia, the United States and many other countries around the world. Through the rapid development of the Pitfield Project I believe Empire Metals is well positioned to participate in the expanding titanium market that is expected to double in the next five years."

AIM Disclosures

The following details in relation to the appointment of Mr Phillip Smith Brumit, aged 64, are disclosed in accordance with Schedule 2(g) of the AIM Rules:

Issue of Options

The Remuneration Committee has agreed to issue options over a total of 2,000,000 ordinary shares of no par value in the capital of the Company ('Share Options') to Mr Brumit on his joining the Company. The Share Options will vest 12 months from issuance and will expire on 31 January 2030. The exercise price of the options will be 10 pence.

The Share Options represent in aggregate 0.31% of the existing issued ordinary share capital of the Company and have been issued to the Non-executive Director of the Company in line with the Company's ongoing incentive plans. Following the grant of the Share Options, in aggregate there will be 27,500,000 ordinary shares of no par value of the Company under option to directors of the Company, representing 9.40% of the existing issued ordinary share capital of the Company.

Extension of Options

The Company announces that it has agreed to extend the exercise period of certain share options granted to Neil O'Brien (Non-executive Chairman), Peter Damouni (Non-executive Director) and Gregory Kuenzel (Finance Director) under the Company's Long Term Incentive Plans, which were originally issued on 1 January 2021. Details of these options are as follows:

All other terms of the options remain unchanged.

The Board considers the extension to be in the best interests of the Company and its shareholders.

• Name: Phillip Brumit
• Reason for the notification
• Position/status: Non-executive Director
• Initial notification/Amendment: Initial notification
• Name: Empire Metals Limited
• LEI: 2138002IOR7OCZZPB279
• Description of the financial instrument, type of instrument: Identification code: Share options over ordinary shares of no par value VGG9688A1003
• Nature of the transaction: Grant of options over ordinary shares
• Price(s) and volume(s): Price(s) Volume(s) 1. 10 pence 2,000,000
• Aggregated information: Aggregated volume: Price: Single transactions as in 4 c) above Price(s) Volume(s) 10 pence 2,000,000
• Date of the transaction: 2025-02-01 08:00 hrs UTC
• Place of the transaction: Outside a trading venue

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