Registration Statement Filed for Proposed U.S. IPO

Guardian Metal Resources plc (LON:GMET OTCQB:GMTLF), a US-focused exploration-stage critical minerals company with a portfolio of tungsten exploration projects located in Nevada, US, is pleased to announce that it has filed a registration statement on Form F-1 (the "Registration Statement") with the U.S. Securities and Exchange Commission (the "SEC") relating to a proposed initial public offering ("IPO") in the United States of its American Depositary Shares ("ADSs").

All ADSs to be sold in the proposed IPO will be offered by Guardian Metal. Guardian Metal intends to apply to list its ADSs on the NYSE American under the ticker symbol "GMTL". The number of ADSs to be offered and the pricing terms for the proposed IPO have not yet been determined. The offering is subject to market conditions, and there can be no assurance as to whether, or when, the offering may be completed or as to the actual size or terms of the offering.

BMO Capital Markets Corp. will act as book-running manager for the proposed offering.

The Registration Statement relating to the ADSs has been filed with the SEC but has not yet become effective. The ADSs may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective.

The Registration Statement can be accessed through the SEC's EDGAR database and contains further information relating to Guardian Metal.

The securities referred to in this announcement are to be offered only by means of a prospectus. When available, copies of the preliminary prospectus can be obtained from BMO Capital Markets Corp., Attn: Equity Syndicate Department, 151 W 42nd Street, 32nd Floor, New York, NY 10036.