MINERAL & FINANCIAL INVESTMENTS LIMITED

Grant of Options and Restricted Share Units

GEORGE TOWN, CAYMAN ISLANDS, June 10, 2022 - Mineral and Financial Investments Limited (LSE-AIM: MAFL) ("M&FI" or the "Company") is an London Stock Exchange AIM quoted Investment company focused on natural resource investments with an focus on mining and mineral sector by providing investment, financing and advisory services to its investee companies, announces the grant of options and Restricted Share Units ("RSU") to certain officers, directors, and consultants under its 2021 Option Scheme (the "2021 Option Scheme") and the 2021 Restricted Share Unit Scheme ("2021 RSU Scheme"). Full details are set out in the Company's 2021 Annual General Meeting ("AGM") documentation and were approved by the shareholders of the Company at the past AGM.

Issue of Options

The Company confirms that 2,350,000 options were granted to certain directors and consultants today in recognition of both past performance and to align shareholder and executive management interests. All options are exercisable at a price of 13.5p per ordinary share, which represents a 15% premium to the closing mid- market price on 9 June 2022; and vest in three tranches being (i) a third which vest today ("Tranche 1 Options"); a third which vest of the date being 12 months from the date of issue ("Tranche 2 Options"); and a third which vest of the date being 24 months from the date of issue ("Tranche 3 Options").

The options can be exercised at any time from the date of vesting for a period of 5 years whilst the recipient remains an employee of the company.

The details of the PDMR's receiving options are set out below.

Issue of RSUs

At the same time the Company has issued RSU's over 1,150,000 ordinary shares to certain directors and employees. The RSU's will have a 5-year term with a reference market price of 11.75p per Share being the share price on 9 June 2022. The effect of the RSU is that it is a future claim to draw down the underlying shares for the recipient which allows them to manage their personal finances accordingly. The PDMR's who received the RSU's are as follows:

*shares held by Mount Everest Finance SA, a company wholly owned and controlled by Jacques Vaillancourt

Summary

The number of shares the Company can grant under the 2021 Option Scheme and the 2021 RSU Scheme are limited to a maximum number of underlying shares of 7.5% for each scheme. The total number of Option Grants represent 6.69% of the number of basic shares outstanding, and the shares associated with the RSU grants represent 3.27% of the basic number of shares outstanding, representing 9.96% of the total basic shares outstanding. The Directors note that this is the first option grant made in over 5 years.

FOR MORE INFORMATION:

Jacques Vaillancourt, Mineral & Financial Investments Ltd.           +44 7 802 268 247

Katy Mitchell and Ben Good, WH Ireland Limited                         +44 207 220 1666

Jon Belliss, Novum Securities Limited                                            +44 207 399 9400

The notifications set out below are provided in accordance with the requirements of the Market Abuse Regulation.