Announcement PDF RNS Number : 9841I Alba Mineral Resources PLC 07 April 2020 Alba Mineral Resources plc ("Alba" or "the Company") Issue of Ordinary Shares following Exercise of Conversion Rights Alba Mineral Resources plc (AIM: ALBA), the diversified mineral exploration and development company, announces that it has received a notice of exercise from Bergen Global Opportunity Fund, LP (the "Investor") in respect of the convertible security previously issued (as announced on 3 March 2020) pursuant to the convertible securities issuance deed ("the Deed") the terms of which were announced on 24 February 2020. Under the Deed, as a result of this notice of exercise 20,000,000 ordinary shares (the "Conversion Shares") fall to be issued at a conversion price of 0.1p, with an additional 30,000,000 ordinary shares being issued by way of a fee ("Fee Shares") in accordance with the terms of the Deed, due to the market price of the Company's shares being below their par value (being 0.1p). As a result, a total of 50,000,000 ordinary shares, being the total of the Conversion Shares and the Fee Shares (the "Relevant Shares"), fall to be issued by the Company. Application is being made for the Relevant Shares to be admitted to trading on AIM with admission expected to take place on 13 April 2020. The Relevant Shares will rank pari passu in all respects with all existing ordinary shares in the Company. Following admission of the Relevant Shares, the Company's enlarged issued share capital will comprise 3,843,351,946 ordinary shares with voting rights. This figure may be used by shareholders in the Company 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 share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules. This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. For further information, please contact: Alba Mineral Resources plc George Frangeskides, Executive Chairman +44 20 3907 4297 Cairn Financial Advisers LLP (Nomad) James Caithie / Liam Murray +44 20 7213 0880 First Equity Limited (Broker) Jason Robertson +44 20 7374 2212 Alba's Project and Investment Portfolio Project (commodity) Location Ownership Greenland 90% Mining Projects Amitsoq (graphite) Clogau (gold) Wales 90% Inglefield (copper, cobalt, gold) Greenland 100% Limerick (zinc-lead) Ireland 100% Melville Bay (iron ore) Greenland 51% TBS (ilmenite) Greenland 100% Brockham (oil) England 5% Horse Hill (oil) England 11.765% Oil & Gas Investments This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. END IOELQLLBBZLLBBB