4 January 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Capital Metals plc

("CMET" or the "Company")

Appointment of Broker

Capital Metals plc (AIM:CMET), a natural resources company focused on the development of the Eastern Minerals Project located in the Eastern Province in Sri Lanka ("the Project"), one of the highest-grade mineral sands projects globally, is pleased to announce the appointment of Tavira Securities Limited ("Tavira") as joint broker to the Company. Tavira has recruited senior personnel from the Company's existing joint broker Brandon Hill Capital Limited and accordingly both Brandon Hill Capital Limited and the Company have terminated the existing broker engagement with immediate effect and by mutual consent.

For further information, please visit www.capitalmetals.com or contact: