Conditional Fundraise of £5m Completed

Confirmation of successful conditional fundraising of £5 million to acquire Georgina Energy Plc ("Georgina Energy")

Mining Minerals & Metals Plc, the investment vehicle established to undertake an acquisition in the natural resources sector, is pleased to announce a conditional fundraise to raise gross proceeds of £5m as part of the proposed acquisition of Georgina Energy ("Proposed Acquisition"), a company seeking to develop natural gas, helium, and hydrogen assets in Australia.

The fundraise and proposed acquisition are conditional, inter alia, on i) approval by the Financial Conduct Authority ("FCA") and publication by the Company of a prospectus ii) entering into definitive legal agreements for the fundraise and proposed acquisition; iii) approval by the Company's shareholders at a general meeting to be convened in due course; iv) obtaining all other necessary approvals (if and where required); and v) readmission of the Company's shares to the standard segment of the Official List of the FCA and to trading on the Main Market of the London Stock Exchange.

The Company and its advisers are finalising the prospectus and, and following FCA approval, anticipate being able to release an update regarding the timetable, including a date for the general meeting.

Roy Pitchford, Non-Executive Chairman of MMM, commented:

"We are pleased to have completed the conditional fundraise and are now aiming to have the Company readmitted to trading as soon as practicable. We will update the shareholders on the timetable in due course."

Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:

"We are incredibly pleased to be able to announce the £5m conditional fundraise. Oak, as cornerstone investor, has agreed to participate in the fundraising to the amount of £250,000 representing 5% of the total expected proceeds. Also, the fundraise has attracted quality institutional interest. We remain on track to re-enter the Hussar EP513 well before the end of the year.

The acquisition has the potential to create a leading player in the energy market and, with the global shortage of helium, would provide an opportune time for investors to benefit from the favourable supply and demand dynamics. We are excited for the future as large-scale demand for hydrogen continues to grow."