Atalaya Mining Plc

1 Lampousas Street

1095 Nicosia, Cyprus

Tel: +357 22442705

Fax: +357 22442708

www.atalayamining.com

20 July 2023

Atalaya Mining Plc.

("Atalaya" or "the Company")

Correction to Q2 2023 Provisional Revenue Adjustments

Atalaya Mining Plc (AIM: ATYM) announces a correction in relation to the "Provisional Revenue Adjustments" figure that was stated in its Q2 2023 Operations Update, which was published on 12 July 2023.

The "Provisional Revenue Adjustments" figure consists of cash adjustments for settled concentrate shipments and accounting non-cash fair value adjustments for unsettled concentrate shipments. In Q2 2023, the vast majority of the figure was related to non-cash fair value adjustments.

Correction to Provisional Revenue Adjustments

The Company confirms that all other figures included in the Q2 2023 Operations Update are unchanged.

Contacts:

About Atalaya Mining Plc

Atalaya is an AIM-listed mining and development group which produces copper concentrates and silver by-product at its wholly owned Proyecto Riotinto site in southwest Spain. Atalaya's current operations include the Cerro Colorado open pit mine and a modern 15 Mtpa processing plant, which has the potential to become a central processing hub for ore sourced from its wholly owned regional projects around Riotinto that include Proyecto Masa Valverde and Proyecto Riotinto East. In addition, the Group has a phased earn-in agreement for up to 80% ownership of Proyecto Touro, a brownfield copper project in the northwest of Spain, as well as a 99.9% interest in Proyecto Ossa Morena. For further information, visit www.atalayamining.com