Share Placing

- ALBA raise £380,000

- ALBA has raised £380,000 before expenses

- 584,615,385 new ordinary shares issued

- Price:  0.065 pence per ordinary share

- Used for value-enhancing activities

Use of Proceeds: Clogau Gold Mine

- Ongoing bulk sampling of 150 tonnes of ore at Llechfraith payshoot

- Both on and below Level 4

- Subsequent processing and refining for gold

Clogau Waste Tip

Use of Proceeds: Dolgellau Gold Field

- In relation to the wider Dolgellau Gold Field

Use of Proceeds: Airborne Geophysical Survey

- For the completed airborne geophysical survey undertaken within Dolgellau Gold Field

- Interpretation of the survey data

- Design and implementation of ground-based exploration over identified gold targets

-Use of Proceeds: Corporate activities

- Partnership, marketing and offtake discussions for Clogau gold

- Development work to establish traceable "mine-to-market" supply chain

- Due diligence / option fees / deposits for acquisitions and investments.

- Working capital

Market Intelligence

- Admission of new ordinary shares to AIM effective at 8.00 a.m, 5 April 2024

- New shares will rank equally with existing shares

- Following Admission, the total number of shares with voting rights will be 8,318,304,381