6 October 2022

Future Metals NL

Exercise of Options

Future Metals NL ("Future Metals" or the "Company", ASX | AIM: FME), a platinum group metals focussed company, announces that it has received a notice of exercise in respect of options to subscribe for 20,000 new ordinary shares of no par value in the capital of the Company ("Ordinary Shares") at a price of A$0.10 per Ordinary Share (the "Option Shares").

Admission to trading on AIM and total voting rights

Application will be made to the London Stock Exchange for admission of the abovementioned Option Shares to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the Option Shares will commence on AIM at 8.00 a.m. (London time) on or around 12 October 2022.

On Admission, the number of Ordinary Shares in issue and the total voting rights in the Company will be 409,704,037 (such figure includes the 7,142,856 placing shares being admitted on the same date as per the Company's announcement of 3 October 2022). This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change of their interest in, the Company under the notification provisions incorporated in the Company's constitution.

This announcement has been approved for release by the Board of Future Metals NL.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as is forms part of United Kingdom domestic law pursuant to the European Union (Withdrawal) Act 2018, as amended.

Further Information

For further information on the Company, please refer to the ASX or LSE platforms under ASX | AIM code FME or visit the Company's website at www.future-metals.com.au.