25 July 2022                                                                                                                           

2021 Directors Fees

Asiamet Resources Limited ("ARS" or the "Company") notes that pursuant to their letters of engagement, each of the Non-Executive Directors ("Directors") of the Company and the Chairman are eligible to receive director's fees. The Chairman and Directors have elected to receive these fees in the form of shares in the Company for the period 1 January 2021 to 31 December 2021 in lieu of cash.

The share price to be used for the calculation is a 10-day VWAP over the 10 trading days immediately following publication of the Company's Annual Accounts as released on 4 May 2022, or if the Company is in a close period at that time, for the 10 trading days immediately following the end of that close period. In this case the share price used based on the above formula was 2.08 pence per share following the release of the Company's Annual Accounts.

The award of shares in the Company to directors for director's fees for the 2021 year is set out below:

In addition to the abovementioned share issue, a further 5,297,999 performance rights will be granted in the form of shares in the Company to certain employees for their contribution to the Company during 2021.  This includes an amount of 1,324,086 shares allocated to Tony Manini for his role as Chief Executive Officer for the period.

Following the issue of the above shares, the shareholdings of the directors (including direct and indirect holdings) will be as follows:

Application has been made for the 13,418,477 shares ("New Common Shares") to be admitted to trading on AIM ("Admission").  It is expected that Admission to AIM will become effective and dealings in the New Common Shares will commence on or around 3 August 2022. The New Common Shares will rank pari passu in all respects with the existing common shares in the Company.

The total number of common shares outstanding after completion of the issue of the New Common Shares will increase from 1,943,217,628 to 1,956,636,105 shares. This represents the total number of voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

ON BEHALF OF THE BOARD OF DIRECTORS

Tony Manini, Executive Chairman

For further information, please contact:

-Ends-

Tony Manini
Executive Chairman, Asiamet Resources Limited
Email: tony.manini@asiametresources.com

Investor Enquiries

Sasha Sethi

Telephone: +44 (0) 7891 677 441

Email: [email protected] / [email protected]

Asiamet Resources Nominated Adviser
RFC Ambrian Limited

Bhavesh Patel / Stephen Allen

Telephone: +44 (0)20 3440 6800

Email: [email protected] / [email protected]

Optiva Securities Limited
Christian Dennis

Telephone: +44 20 3137 1903

Email: [email protected]

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This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 ("MAR").

PDMR Notification Forms

The notifications below are made in accordance with the requirements of MAR.