Cornish Metals Appoints Don Turvey As CEO

Cornish Metals Inc. (AIM/TSX-V: CUSN) ("Cornish Metals" or the "Company"), a mineral exploration and development company focused on advancing its 100% owned and permitted South Crofty tin project in Cornwall, United Kingdom, is pleased to announce the appointment of Don Turvey as Chief Executive Officer ("CEO") and a Director of the Company. The appointment, which is intended to be effective September 1, 2024, is subject to approval of a UK work visa. Mr. Turvey will relocate from South Africa to Cornwall, where he will be based.

Don is an experienced mining executive with more than 40 years of experience in the sector, including senior management roles in production, project execution, business development, and minerals resource management. Since 2008, Don has been CEO of private, ASX and AIM-listed mining companies where he has successfully funded and taken new projects and historic mines to production, as well as leading a number of M&A transactions. Prior to this, Don spent over 20 years at BHP Billiton, in roles including General Manager and Vice President Project Development where he headed up the project, geological, mineral resource and financial analyst teams. Don holds a Bachelors Degree in Mining Engineering from the University of Pretoria, and a Masters in Business Leadership from the University of South Africa.

Patrick Anderson, Chair of Cornish Metals, stated: "On behalf of the Board of Directors, I am delighted to welcome Don as CEO of Cornish Metals following a competitive search process. I am confident that Don, with his extensive commercial, operations and project execution experience, will capably lead Cornish Metals forward in order to realise the best potential for the Company and our stakeholders as we advance South Crofty towards production in 2027.

"I would also like to thank Ken Armstrong for stepping in as Interim CEO as the Company progressed critical aspects of the South Crofty project over the last several months."

Don Turvey, incoming CEO of Cornish Metals, stated: "I look forward to joining Cornish Metals' management and working directly with the project team to develop South Crofty to production and to realise the corporate vision to bring responsible tin mining back to Cornwall."

Following Mr. Turvey's appointment, Patrick Anderson will return to the position of Non-Executive Chair of the Board of Directors of the Company, and Ken Armstrong as Non-Executive Director.

The following disclosures are required regarding Mr. Don Turvey's appointment pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies (the "AIM Rules").

• Lodewyk Daniel (Don) Turvey (aged 65) is currently, or has during the past five years been, a director of the following companies:

• Don Turvey does not currently hold any common shares in the Company.
• Don Turvey was CEO of Continental Coal Limited from May 2010 to February 2014, which entered into a 90-day standstill arrangement with its creditors in February 2014 prior to the liquidation in 2016.

o US$201 million after-tax NPV8% and 29.8% IRR

o 3-year after-tax payback

o 4,700 tonnes average annual tin production in years two through six

o Life of mine all-in sustaining cost of US$13,660 /tonne of payable tin

o Total after-tax cash flow of US$626 million from start of production

• Tin is a Critical Mineral as defined by the UK, American, and Canadian governments;
• Approximately two-thirds of the tin mined today comes from China, Myanmar and Indonesia;
• There is no primary tin production in Europe or North America;
• South Crofty benefits from strong local community, regional and national government support.

TECHNICAL INFORMATION

ON BEHALF OF THE BOARD OF DIRECTORS

"Kenneth A. Armstrong"

Kenneth A. Armstrong P.Geo.

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