JV Announces Drilling Partner for Elizabeth Hill

Joint Venture Partner Announces Drill Contract Awarded for Elizabeth Hill

Technical Visit Completed to Define Drill Targets

Alien Metals Ltd (AIM: UFO), a minerals exploration and development company, is pleased to provide an update on its Elizabeth Hill Silver Project ("Elizabeth Hill" or the "Project"), in the Pilbara region of Western Australia, where its joint venture partner, Errawarra Resources Ltd (ASX: ERW) ("Errawarra"), has announced a drilling partner for the maiden drill programme.

Following the Company's announcement of 24 March 2025, regarding the conditional joint venture agreement with Errawarra, activities on-site have accelerated in recent weeks, with site visits undertaken and drilling expected to commence imminently. This will follow Errawarra seeking shareholder approval for the transaction at an Extraordinary General Meeting ("EGM") to be held on 19 May 2025.

Highlights:

• Inaugural drilling contract awarded for Elizabeth Hill.
• West Core Drilling Pty Ltd ("West Core Drilling") has been awarded the diamond drilling contract under a partial drill for equity (ERW Shares) arrangement. Drilling is anticipated to commence imminently post Errawarra's EGM.
• Drill targeting is currently being finalised following a site visit by ERW Management to ground truth targets.
• Regional soils programme targeting regional structures with associated historical silver in soil anomalism is almost completed, with 1,766 soil samples and 89 rock chip samples having been collected.
• Rock chip sampling aided using XRF technology to qualitatively assess the samples in the field.
• Laboratory results are expected in 6-8 weeks.

Following a competitive tender process, Errawarra has awarded the diamond drilling contract to West Core Drilling. The upcoming drill programme will be completed under a partial drill-for-equity arrangement and will focus on high-priority mine and near-mine targets. These include:

• Near-surface mineralisation;
• Down-plunge extensions; and,
• Strategic drill holes to enhance the geological understanding and structural orientation of the mineralised system.

Drilling is anticipated to commence in the week following Errawarra's upcoming General Meeting, planned for 19 May 2025.

Guy Robertson, Executive Chairman, commented:

"We are pleased with the progress being made at Elizabeth Hill by our JV partner, Errawarra. The upcoming drill campaign will target extensions of one of Australia's highest-grade historical silver deposits and has the potential to unlock significant value. The commencement of fieldwork and imminent drilling underscores the effectiveness of the partnership and our shared commitment to advancing this high-potential asset."

Targeting for the drill programme is currently being finalised, with active involvement from the Board of ERW and technical consultants, ERM Consulting. A recent site visit completed by management has enabled ground-truthing of the high-priority targets.

As part of Errawarra's ongoing project development planning, Errawarra's management team visited the Radio Hill processing plant, approximately 15 kilometres to the north, which is owned by Artemis Resources (ASX: ARV) and is currently in care and maintenance.

Figure 1 - ERW Management inspecting the Gekko Gravity processing area at the Artemis Resources owned Radio Hill processing plant

During the same site visit, the management team also observed the almost completed regional soil sampling campaign, which is targeting regional structures with associated historical silver in soil anomalism. A total of 1,766 soil samples and 89 rock chip samples have been collected to date during this programme, which is anticipated to be completed in the coming week.

Samples have been dispatched progressively to the laboratory in Perth for analysis, with most assay results expected within 6-8 weeks.

The Company looks forward to keeping shareholders informed as the exploration program progresses and results are received.

Figure 2 - Regional Soil Sampling Locations

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The Elizabeth Hill Project

• Previous mining operation ceased in 2000 due to low silver prices (US$5)[2].

Figure 3 - Tenement Location

Through the consolidation of the surrounding land packages into a single contiguous 180km2 package, significant exploration and growth potential exists both near mine and regionally.

The land package holds a significant portion of the Munni Munni fault system, which is considered prospective for repetitive silver deposits.

For further information, please visit the Company's website at www.alienmetals.uk or contact:

Strand Hanson (Financial and Nominated Adviser)

James Harris / James Dance / Robert Collins

Zeus Capital Limited (Joint Broker)

Harry Ansell / Katy Mitchell

Tel +44 (0) 203 829 5000

CMC Markets (Joint Broker)

Douglas Crippen

Yellow Jersey (Financial PR)

Charles Goodwin / Shivantha Thambirajah / Zara McKinlay

[2] www.kitco.com/charts/silver