Completion of the acquisition of Knox Resources

16 July 2026

Alien Metals Limited

("Alien" or the "Company")

Alien Metals completes acquisition of Knox Resources, securing 100% of the Georgina Basin Copper-Gold Project

Alien Metals Limited (AIM: UFO), a minerals exploration and development company, is pleased to announce that further to the Company's announcement on 7 July 2026 (the "Announcement"), it has completed the acquisition of 100% of the fully paid ordinary shares in the capital of Knox Resources Pty Ltd ("Knox") from Venari Minerals Ltd (ASX: VMS) ("Venari") (the "Acquisition"). Knox is the 100% legal and beneficial owner of the Georgina Basin Iron-Oxide Copper-Gold ("IOCG") project, comprising a tenement package totalling approximately 2,500 km² located in the East Tennant province of the Northern Territory, Australia (the "Project" or "Georgina Basin Project").

Highlights

•     Alien has completed the acquisition of a 100% interest in Knox, the holder of the Georgina Basin Project, consisting of seven granted exploration licences (with a further three under application).

•     Consideration for the Acquisition of £200,000 comprises:

o  a £100,000 cash payment to Venari, which has now been paid; and

o  the issue to Venari of 90,260,854 fully paid ordinary shares in the capital of Alien (the "Consideration Shares") at an issue price of 0.11079 pence per share ("Issue Price"), determined by reference to the 20-day VWAP of the Company's shares for the period ended 30 June 2026.

•     Application has been made for the Consideration Shares to be admitted to trading on AIM ("Admission"), with Admission expected to occur at 8.00am on or around 17 July 2026.

•     The board and management changes set out in the Announcement have now taken effect:

o  Vincent Fayad has been appointed to the Board as an Executive Director and assumes the role of Chief Executive Officer of the Company;

o  Michael Carter has been appointed Non-Executive Chairman, having previously been a Non-executive Director of the Company; and

o  Bruce Garlick has resigned as Executive Chairman and will remain on the Board as a Non-Executive Director until 7 October 2026 to ensure an orderly handover of his responsibilities.

•     The Company's technical team has been enhanced through a services agreement with Venari, pursuant to which Matthew Healy and Paul Abbott have been engaged as technical consultants to assist in managing the technical aspects of all of the Company's projects.

•     Alien engaged SRK Consulting (Australasia) Pty Ltd ("SRK") to provide a technical assessment and valuation on the Knox exploration projects. SRK were of the opinion, as of 10 July 2026, the Market Value* of the Knox exploration assets was between A$1.5 million to A$3.8 million, with a preferred value of A$2.7 million. The Alien Directors believe that the SRK valuation suggests that the Acquisition was at a discount, reflecting Venari's desire to divest the asset to allow it to pursue its flagship Red Mountain lithium project.

•     The Acquisition diversifies Alien's commodity exposure to copper, gold and uranium and delivers three drill-ready targets at the Project, with exploration work over the coming 12 months expected largely to be funded through the Company's existing resources.

Non-executive Chairman, Michael Carter, commented:

"Completion of the Knox acquisition marks the beginning of an exciting new chapter for Alien Metals. The Georgina Basin Project benefits from approximately A$4.8 million of prior exploration expenditure, a substantial geoscientific dataset and three drill-ready targets, positioning the Company to advance the project rapidly. I look forward to working with the Board and our enhanced technical team to progress the Company's portfolio and deliver long-term value for shareholders.

"On behalf of the Board, I would also like to thank Bruce Garlick for his leadership as Executive Chairman and his valuable support in progressing the Acquisition to completion."

Map of the Georgina Basin Project

Total Voting Rights

Following Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 11,813,314,403 with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's issued share capital pursuant to the Company's Articles.

* SRK based their valuation on the geoscientific rating method and comparable transaction analysis. SRK's report has been prepared in accordance with the guidelines outlined in the Australasian Code for Public Reporting of Technical Assessments and Valuations of Mineral Assets (VALMIN Code, 2015), which incorporates the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves(JORC Code, 2012).

For further information, please visit the Company's website at www.alienmetals.uk or contact:

Alien Metals Limited

Michael Carter

Email: [email protected]

Strand Hanson (Financial and Nominated Adviser)

James Harris / James Dance / Edward Foulkes

Tel: +44 (0) 207 409 3494

Turner Pope (Broker)

Andy Thacker / Guy McDougall

Tel: +44 (0) 203 657 0050

IFC Advisory (Financial PR and Investor Relations)

Tim Metcalfe / Graham Herring / Zach Cohen

Tel: +44 (0) 203 934 6632

Notes to Editors

Alien Metals Ltd is a mining exploration and development company quoted on the AIM market of the London Stock Exchange (AIM: UFO). The Company follows a balanced strategy focused on advancing and strengthening its asset portfolio through targeted technical work and project development, while evaluating partnerships, joint ventures, and selective monetisation opportunities to enhance shareholder value. At the same time, Alien will continue to consider opportunities to expand its asset base through carefully selected acquisition opportunities consistent with the Board's disciplined investment criteria.

Alien's 100%-owned Georgina Basin IOCG Project comprises a tenement package of approximately 2,500 km² in the East Tennant province of the Northern Territory. Exploration by the Project's former owners has confirmed the IOCG potential of the tenement package, with the identification of elevated IOCG pathfinder elements, including copper, bismuth, silver and uranium, in drilling, and three drill-ready gravity anomalies remain to be adequately tested.

Alien's principal iron ore focus is the advancement and development of its 90%-owned Hancock Iron Ore Project in the central Pilbara region of Western Australia. The Hancock tenements contain a JORC-compliant resource of 8.4Mt at 60% Fe and offer significant exploration upside, which is targeted to deliver a mining operation of 2Mtpa for 10 years. The Project benefits from direct access to the Great Northern Highway, providing a route to export facilities at Port Hedland, one of the world's largest iron ore export hubs. Alien also holds exploration interests in the Brockman and Vivash iron ore projects in the West Pilbara.

Alien additionally retains exposure to two advanced precious and base metal assets in the Pilbara. At Munni Munni, one of Australia's largest PGM systems hosting a historic resource of 2.2Moz PGM (palladium, platinum, and rhodium) and gold, the Company has completed its partial asset sale and joint venture transaction with GreenTech Metals Ltd under which Alien retains a 30% interest, free carried to completion of a bankable feasibility study at Munni Munni, and additionally holds 37.9 million shares in GreenTech Metals Ltd. Alien (via a wholly owned subsidiary) also retains a 30% interest in the Elizabeth Hill Silver Project through a joint venture with Crest, which encompasses the Elizabeth Hill Mining Lease M47/342, which has produced some of Australia's highest-grade silver ore during the late 1990s. Alien retains a 30% interest in the Elizabeth Hill Silver Project and additionally holds 30.5 million shares in West Coast Silver Limited, providing both direct project exposure and equity participation in ongoing development.