ALIEN RAISES £2.5 MILLION TO ACCELERATE EXPLORATION ACTIVITIES IN MEXICO AND AUSTRALIA

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Alien Metals Ltd (“Alien Metals”, “Alien” or “the Company”), a minerals exploration and development company, is pleased to announce that it has conditionally raised £2,500,000, before expenses, in a Placing of 227,272,727 new ordinary shares (“Placing Shares”) at a price of 1.1 pence per share (the “Placing”). The Placing, which was oversubscribed, was undertaken at a 100% premium to the Company’s most recent fund raise which included a mixture of new and existing Professional and
Institutional investors.

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