Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector: Mining

17 December 2021

Bluejay Mining plc ('Bluejay' or the 'Company')

Exercise of Warrants & Issue of Equity

Bluejay Mining plc, the AIM, FSE listed and OTCQB traded exploration and development company with projects in Greenland and Finland, announces that it has received notification from warrant holders to exercise warrants over 1,228,153 new ordinary shares of 0.01 pence each in the share capital of the Company (the 'New Ordinary Shares') at a price of 7 pence per share. Accordingly, the Company has today issued the New Ordinary Shares to the option holders for an aggregate cash value of £85,971.

The warrants were issued to various parties during 2016 and 2017.

Application has been made for the New Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange ('Admission'). Admission is expected to occur on or around 23 December 2021.

Total voting rights

Following the issue of the New Ordinary Shares the total issued share capital of the Company will consist of 972,857,613 ordinary shares of 0.01p each ('Ordinary Shares') with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 972,857,613 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

**ENDS**

For further information please visit http://www.bluejaymining.com or contact: