11 February 2025

METALS EXPLORATION PLC

Director/PDMR Dealings

Metals Exploration plc (AIM: MTL) ("Metals Exploration" or the "Company"), a gold production, exploration, and development company with assets in the Philippines and Nicaragua, has been notified of the following transactions in ordinary shares of £0.0001 each in the capital of the Company ("Ordinary Shares").

A person closely associated ("PCA") with David Cather, Non-Executive Director of the Company, acquired 500,000 Ordinary Shares at an average price of 5.6p per share. Following the dealing, David Cather and his PCA have an interest in 7,100,000 Ordinary Shares, representing 0.28% of the Company's current total voting rights.

Candy Ventures S.a.r.l, which is majority owned by Nick Candy and a PCA with Steven Smith, Non-Executive Director of the Company, acquired 2,000,000 Ordinary Shares at an average price of 5.6p per share. Following the dealing, Nick Candy has an interest in 653,000,000 Ordinary Shares, comprising: Candy Investments S.a.r.l with 650,000,000 Ordinary Shares, Candy Ventures S.a.r.l with 2,000,000 Ordinary Shares, and MTL (Luxembourg) S.a.r.l with 1,000,000 Ordinary Shares, in aggregate representing 25.52% of the Company's current total voting rights. Candy Investments S.a.r.l, Candy Ventures S.a.r.l and MTL (Luxembourg) S.a.r.l are each wholly owned by Nick Candy, save for Candy Ventures S.a.r.l, in which he holds a 90% interest, with Steven Smith owning 10%.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation (as applied in UK law), provides further detail on the transaction.

For further information, please contact or visit:

Web:                www.metalsexploration.com

X:                     @MTLexploration

LinkedIn:           Metals Exploration

PDMR Notification Forms