Completion of the acquisition of Knox Resources

Alien Metals Limited (AIM: UFO), a minerals exploration and development company, is pleased to announce that further to the Company's announcement on 7 July 2026 (the "Announcement"), it has completed the acquisition of 100% of the fully paid ordinary shares in the capital of Knox Resources Pty Ltd ("Knox") from Venari Minerals Ltd (ASX: VMS) ("Venari") (the "Acquisition"). Knox is the 100% legal and beneficial owner of the Georgina Basin Iron-Oxide Copper-Gold ("IOCG") project, comprising a tenement package totalling approximately 2,500 km² located in the East Tennant province of the Northern Territory, Australia (the "Project" or "Georgina Basin Project").

Highlights

• Alien has completed the acquisition of a 100% interest in Knox, the holder of the Georgina Basin Project, consisting of seven granted exploration licences (with a further three under application).
• Consideration for the Acquisition of £200,000 comprises:

o a £100,000 cash payment to Venari, which has now been paid; and

o the issue to Venari of 90,260,854 fully paid ordinary shares in the capital of Alien (the "Consideration Shares") at an issue price of 0.11079 pence per share ("Issue Price"), determined by reference to the 20-day VWAP of the Company's shares for the period ended 30 June 2026.

• Application has been made for the Consideration Shares to be admitted to trading on AIM ("Admission"), with Admission expected to occur at 8.00am on or around 17 July 2026.
• The board and management changes set out in the Announcement have now taken effect:

o Vincent Fayad has been appointed to the Board as an Executive Director and assumes the role of Chief Executive Officer of the Company;

o Michael Carter has been appointed Non-Executive Chairman, having previously been a Non-executive Director of the Company; and

o Bruce Garlick has resigned as Executive Chairman and will remain on the Board as a Non-Executive Director until 7 October 2026 to ensure an orderly handover of his responsibilities.

• The Company's technical team has been enhanced through a services agreement with Venari, pursuant to which Matthew Healy and Paul Abbott have been engaged as technical consultants to assist in managing the technical aspects of all of the Company's projects.
• Alien engaged SRK Consulting (Australasia) Pty Ltd ("SRK") to provide a technical assessment and valuation on the Knox exploration projects. SRK were of the opinion, as of 10 July 2026, the Market Value* of the Knox exploration assets was between A$1.5 million to A$3.8 million, with a preferred value of A$2.7 million. The Alien Directors believe that the SRK valuation suggests that the Acquisition was at a discount, reflecting Venari's desire to divest the asset to allow it to pursue its flagship Red Mountain lithium project.
• The Acquisition diversifies Alien's commodity exposure to copper, gold and uranium and delivers three drill-ready targets at the Project, with exploration work over the coming 12 months expected largely to be funded through the Company's existing resources.

Non-executive Chairman, Michael Carter, commented:

"Completion of the Knox acquisition marks the beginning of an exciting new chapter for Alien Metals. The Georgina Basin Project benefits from approximately A$4.8 million of prior exploration expenditure, a substantial geoscientific dataset and three drill-ready targets, positioning the Company to advance the project rapidly. I look forward to working with the Board and our enhanced technical team to progress the Company's portfolio and deliver long-term value for shareholders.

"On behalf of the Board, I would also like to thank Bruce Garlick for his leadership as Executive Chairman and his valuable support in progressing the Acquisition to completion."

Map of the Georgina Basin Project

Total Voting Rights

Following Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 11,813,314,403 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.

* SRK based their valuation on the geoscientific rating method and comparable transaction analysis. SRK's report has been prepared in accordance with the guidelines outlined in the Australasian Code for Public Reporting of Technical Assessments and Valuations of Mineral Assets (VALMIN Code, 2015), which incorporates the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves(JORC Code, 2012).

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

Alien Metals Limited

Michael Carter

Strand Hanson (Financial and Nominated Adviser)

James Harris / James Dance / Edward Foulkes

Turner Pope (Broker)

Andy Thacker / Guy McDougall

IFC Advisory (Financial PR and Investor Relations)

Tim Metcalfe / Graham Herring / Zach Cohen