FIRST CLASS METALS PLC

17 July 2026

Issue of Share Options

First Class Metals plc (LSE: FCM) (the "Company"), the Ontario focused gold and critical metals exploration company, announces that it has issued options over a total of 14,795,000 ordinary shares of £0.001 each in the capital of the Company (the "Options") pursuant to the Company's Share Option Plan.

The Options have been granted to directors and senior management in recognition of their continued contribution to the Company and to further align their interests with those of shareholders through the Company's long-term growth strategy.

Details of share option awards

The Options with an exercise price of £0.05 and £0.10 relate to awards that were proposed in the Company's Prospectus published on 25 February 2025. The £0.05 Options vest in three equal tranches being: on the Date of Grant, the first anniversary of the Date of Grant and the second anniversary of the Date of Grant and are exercisable for a period of three years from the Date of Grant.

The £0.10 Options vest in four equal tranches on issue being: on the Date of Grant, the first anniversary of the Date of Grant, the second anniversary of the Date of Grant and the third anniversary of the Date of Grant and are exercisable for a period of four years from the Date of Grant.

The 795,000 Options granted to Marc Sale with an exercise price of £0.02 were awarded pursuant to the proposals set out in the Company's Prospectus published on 26 July 2022 award in conjunction with the Company's admission to the Official List. These vest immediately on the Date of Grant and expire on 28 July 2027.

The Date of Grant for all of the Options is 17 July 2026.

Following the above issue, the Company has 14,795,000 share options outstanding, representing approximately 3.3% of its issued share capital.

For Further Information:

Engage with us by asking questions, watching video summaries, and seeing what other shareholders have to say. Navigate to our Interactive Investor hub here:   https://firstclassmetalsplc.com

James Knowles, Executive Chair
Email: [email protected]
Tel: 07488 362641

Marc J Sale, CEO and Executive Director
Email: [email protected]
Tel: 07711 093532

AlbR Capital Limited (Financial Adviser)
David Coffman/Dan Harris
Website: www.albrcapital.com
Tel: (0)20 7469 0930

Axis Capital Markets (Broker)
Richard Hutchinson
Website: Axcap247.com
Tel: (0)203 026 0449

Notification and public disclosure of transaction by person discharging managerial responsibilities