GreenTech Metals Receives Approval For Munni Munni

GreenTech Metals Receives Shareholder Approval For Munni Munni Project Acquisition

Alien Metals Limited (AIM: UFO), a minerals exploration and development company, is pleased to report that its proposed joint venture partner, GreenTech Metals Limited (ASX: GRE) ("GreenTech"), has announced the results of the General Meeting held today, where shareholders approved the acquisition of a 70 per cent. Interest in the Munni Munni Platinum-Palladium-Copper-Nickel Project ("Munni Munni" or the "Project").

GreenTech and Alien are progressing the final administrative processes to enable conclusion of the transaction, and a further announcement will be made in due course.

The full text of the announcement issued by GreenTech is provided below in Appendix A. The results of the meeting can be viewed in the announcement released by GreenTech.

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 / Edward Foulkes

Zeus Capital Limited (Joint Broker)

Harry Ansell / Katy Mitchell Tel +44 (0) 203 829 5000

Turner Pope (Joint Broker)

Andy Thacker / Guy McDougall

Yellow Jersey (Financial PR)

Charles Goodwin / Shivantha Thambirajah

Appendix A - ASX: GRE ANNOUNCEMENT

Transformational Acquisition Receives Shareholder Approval

Munni Munni Platinum-Palladium Copper-Nickel Project, WA

Highlights

• All resolutions were carried at the Company's General Meeting of Shareholders today, including approval for the acquisition of the Munni Munni Platinum-Palladium Copper-Nickel Project.
• GreenTech is now progressing the relevant administrative process to complete the transaction.
• The Munni Munni Project is situated on granted Mining Leases (MLs) with a historical JORC (2004) Mineral Resource Estimate (MRE) of 24 Mt @ 2.9 g/t 4E (PGE+Au) for 2.2Moz (HLX, 2002)[1]. This resource was historically defined in the period 1985-2002 with 91,077m of drilling comprising 328 drill holes.
• Cautionary Statement[2] - The estimates are historical and are not reported in accordance with the JORC Code (2012); a competent person has not done sufficient work to classify the historical estimates as mineral resources or ore reserves in accordance with the JORC Code (2012); and it is uncertain that following evaluation and/or further exploration work that the historical estimates will be able to be reported as mineral resources or ore reserves in accordance with the JORC Code (2012).
• Phase 1 drilling program has recommenced at the Munni Project, following the festive season break, aimed at enabling the Company to restate the historic MRE in accordance with JORC (2012) in early 2026.
• Strengthening PGE and copper prices combined with the consolidation of the nearby Whundo copper project has potential to enhance project economics and provide a clear catalyst to reevaluate Munni Munni's established PGE-Cu-Ni endowment.

GreenTech Metals Ltd (ASX: GRE) (GreenTech or the Company) is pleased to announce results of the General Meeting held today where shareholders approved the transformational acquisition of the Munni Munni Platinum-Palladium-Copper-Nickel Project located adjacent to the Company's advanced Whundo Copper-Zinc-Gold Project. The consolidation of these projects creates potential for an emerging district-scale multi-commodity development hub in the West Pilbara region of Western Australia.

Results of the General Meeting are detailed below.

Following shareholder approval, the Company is now progressing the relevant remaining administrative steps to complete the transaction. Concurrently, phase 1 drilling recommenced following the festive season break, to provide QA/QC verification of the historic modelled resource sufficient to enable a classification of the MRE to JORC (2012) standard in early 2026.

Non-Executive Chairman, Simon Kidston, commented:

"The overwhelming support from shareholders underscores the strategic importance of Munni Munni to GreenTech's growth strategy. This transformational acquisition delivers scale, quality and immediate development momentum at a time of strengthening PGE and copper markets."

This announcement has been authorised for release by the Board of GreenTech Metals Limited.

About The Munni Munni PGE-Cu-Ni Project

Munni Munni Project Tenement Location

[1] Refer ASX Announcement Helix Resources Limited (ASX: HLX) "First Quarter Activities and Cashflow Report (Part B)", dated 31 October 2002