Broker appointment & Change of registered address

Golden Metal Resources plc (LON:GMET/OTCQB:GMTLF), a strategic development and mineral exploration company focused on Nevada, USA, announces that the Company has appointed Shard Capital Partners LLP ("Shard") to act as lead broker to the Company with immediate effect, First Equity Limited will remain as joint broker

In recent months Golden Metal has raised just under £2.5 million through a £750,000 fundraise at a premium to the market price at the time (announced 11 March 2024) and £1.74 million through the exercise of warrants. On this basis the Company has a strong working capital position.

Notwithstanding the strong financial position of the Company, the Board considers that Shard's appointment is timely due to its strong institutional connections both in the UK and abroad, reflecting Golden Metals aspirations to be a significant player within the western world's growing need to reshore critical and defence metal supply chains; with a particular focus on tungsten and copper.

The Company also announces that it has changed its registered address to Salisbury House, London Wall, London EC2M 5PS.

The Directors of the Company are responsible for the release of this announcement.

The Pilot Mountain project is an advanced exploration and mineral resource definition stage project located in Mineral County in western Nevada. The project covers an area of 14.80 km2 (3,904.1 acres) and is located 200km southeast of Reno and 18km east of Mina, Nevada. It is well situated for the supply of power, water and skilled labour and proximity to transport infrastructure in Mineral County and is centred around four existing mineral deposits: Garnet; Good Hope; Gunmetal and Desert Scheelite, all of which possess significant skarn-style tungsten-copper-silver-zinc mineralisation. The Pilot Mountain project consists of 176 active lode mining claims and 4 filed mill site claims. The four mill site claims filed at the former Dunham mill site have secure access to groundwater supply sufficient for the proposed project.

Garfield Project

The Garfield Project is an exciting copper-gold-silver prospect consisting of 65 lode mining claims covering 5.4 km2 (1338 acres) located in Mineral County, Nevada, approximately 14km due east of the town of Hawthorne and 120km due west-northwest of Tonopah. Exploration to date has included detailed geochemical sampling and follow up analysis which highlighted the presence of both skarn-type and porphyry style mineralisation and alteration at the 'High-Grade Zone'. Further mapping, prospecting and rock sampling was recently completed with results confirming presence of high-grade copper, silver and gold mineralisation.

Kibby Basin Lithium Project

Golconda Summit Project

Stonewall Project