Exercise Of Stock Options And Issue Of Equity

Cornish Metals plc (AIM: TIN) (“Cornish Metals” or the “Company”), a mineral exploration and development company focused on advancing its wholly owned and permitted South Crofty tin project in Cornwall, United Kingdom, announces the exercise of 20,000 options over ordinary shares in the Company using the net exercise method. Using this method, which is permissible under the terms of the Company's share option plan, the Company issues ordinary shares equivalent to the value of the net gain, being the difference between the exercise price and the market value on the date of exercise. Accordingly, 4,545 ordinary shares of 0.05 pence each in the Company (the "New Ordinary Shares") have been issued. The New Ordinary Shares will rank pari passu with the existing shares and application has been made for the 4,545 Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the New Ordinary Shares will commence at 8:00am on or around 06 May 2026.

Following Admission, Cornish Metals’ Issued and Outstanding share capital will consist of 125,471,336 ordinary shares of 0.05 pence each in Cornish Metals plc. The Company does not hold any shares in treasury. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.

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