Issue of Shares

TVR

Alien Metals Ltd. (AIM: UFO), a global minerals exploration and development company, advise that it has today issued 26,315,000 Shares at a deemed price of GBP 0.0019 per share for services rendered to a geological consultant for exploration services on its Pinderi Hills and Mexico projects during 2023, in lieu of a cash payment.

Admission and Total Voting Rights

Application will be made to the London Stock Exchange for admission of the 26,315,000 Common Shares to trading on AIM. It is expected that admission will become effective and dealings in the Common Shares will commence on AIM at 8.00 a.m. on 8 November 2023.

The Shares will be issued fully paid and will rank pari passu in all respects with the Company's existing Common Shares.

Following Admission, the total number of Common Shares in the capital of the Company in issue will be 6,361,794,174 with voting rights. This figure may be used by shareholders 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's issued share capital pursuant to the Company's Articles.

Alwyn Vorster

Chairman