Intention to change company name

Golden Metal Resources plc (LON:GMET, OTCQB:GMTLF), a mineral exploration company focused on tungsten, copper, silver, gold and lithium within Nevada, USA, announces the intention to change its name to Guardian Metal Resources PLC with effect from Monday 24 June 2024. The Company's stock market codes will remain unchanged as LON: GMET and OTCQB: GMTLF.

A further announcement will follow to confirm the name change which is expected to take place after market close on Friday 21 June 2024.

The change is to reflect the Company's success to date in progressing its projects in the strategic metals arena with the advancement of the Pilot Mountain project hosting what the Company believes to be the largest known undeveloped tungsten deposit in the USA as well as at Garfield where the Company is targeting a major copper discovery. The change also reflects the significance of the Company's projects to the supply of critical metals to the USA with numerous key defence, industrial and energy applications.

Oliver Friesen, CEO of Golden Metal, commented:

"We believe a more targeted name for the Company reflects what we are undertaking more accurately and alongside successful operational activity will help to further attract strategic investors to our business.

"We are announcing the planned name change today to ensure a seamless transition to our new name, Guardian Metal Resources PLC."

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 9.18 km2 (2,268 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 porphyry and skarn-type mineralisation and alteration at the 'High-Grade Zone'. Further to this, mapping, prospecting and rock sampling was recently completed with results confirming presence of high-grade copper, silver and gold mineralisation as well as leading to the bedrock discovery of the Pamlico Au Zone with individual rock samples up to 18.35g/t Au, 1,225g/t Ag & 1.89% Cu. Following this, geochemical analysis of the full suite of data confirmed the strong presence of porphyry style mineralisation across the Project, as well as potentially overprinting epithermal style mineralisation leading to increased gold-silver prospectivity.

Kibby Basin Lithium Project

Golconda Summit Project

Stonewall Project