THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

6 August 2024

MetalNRG plc

(the "Company" or "MetalNRG")

Issue of Convertible Loan Notes

MetalNRG (LON:MNRG), the natural resources and energy company, announces that is has raised £244,000 via the issue of convertible loan notes ("CLNs").  The CLNs carry a 15% per annum coupon and are convertible into new ordinary shares in the Company, at a 20% discount to the prevailing share price, upon the earlier of the Company completing a transaction classified as a reverse takeover under Listing Rule 5.6.4 or two years from the date of issue.  The CLNs are also subject to customary events of default.

The funds raised through the issue of the CLNs will be used to undertake specific operational and legal due diligence work on projects that have been identified as potential reverse takeover targets for the Company and for general corporate purposes.

The person responsible for the release of this information on behalf of the Company is Rolf Gerritsen, Executive Director.

For further information, please contact: