Repayment Of Directors Share Loan

First Class Metals PLC ("First Class Metals" "FCM" or the "Company"), a UK metals exploration company focused on the discovery of economic metal deposits across its extensive Canadian - northwest Ontario, land holding is pleased to announce that it has completed the repayment of the shares loaned to the Company by James Knowles, a director of FCM.

Mr Knowles previously loaned the Company two tranches of shares totalling 9,695,332, as announced on 24 November 2023 and 22 February 2024, and consequently 9,695,332 new ordinary shares ("Shares") have been issued to him today to settle this outstanding position.

Admission and Total Voting Rights

Applications will be made to the FCA and the LSE for Admission of the 9,695,332 Shares, which is expected to be on or around 15 July 2024. These shares rank pari passu with the existing ordinary shares of the Company.

Following Admission, the Company has 91,741,361 Ordinary Shares of £0.001 par value in issue, each with one vote per share (and none of which are held in treasury). The total number of voting rights in the Company is therefore 91,741,361 This figure of 91,741,361 may be used by shareholders in the Company as the denominator for calculations to determine if they have a notifiable interest in the share capital of the Company under the Disclosure Guidance and Transparency Rules, or if such interest has changed.

• Details of the person discharging managerial responsibilities/person closely associated
• Name: James Knowles
• Reason for the notification
• Position/status: Executive Chairman
• Initial notification/Amendment: Initial notification
• Name: First Class Metals PLC
• LEI: 894500V981ZTFLGVOZ38
• Description of the financial instrument, type of instrument: Identification code: Ordinary shares of £0.001 value each
• Nature of the transaction: Issue of Ordinary Shares in Lieu of share loan repayment
• Price(s) and volume(s): Purchase of shares Price(s) Volume(s) Nil Consideration 9,695,332
• Aggregated information: Aggregated volume: Price(s) and volumes: Single transaction as in 4 c) above
• Date of the transaction: 08 July 2024
• Place of the transaction: Main Market London Stock Exchange