Alba Mineral Resources Regulatory News (ALBA)

Alba Mineral Resources plc

("Alba" or the "Company")

Directorate Change

Update of Schedule One for GreenRoc

Further to the announcement of 3 September 2021 regarding the proposed divestment by Alba of its assets in Greenland into a separate AIM-quoted vehicle, Alba Mineral Resources plc (AIM: ALBA) announces the release today of an updated Schedule One announcement by AIM in respect of GreenRoc Mining Plc ("GreenRoc"), stating the expected date of admission to trading on AIM to be 28 September 2021. All other information on the Schedule One announcement is unchanged.

Lars Brünner, a non-executive director of Alba, has today tendered his resignation with immediate effect from the board of the Company in order to focus on his other interests, including GreenRoc, of which he is a non-executive director.

The Board thanks him for his invaluable contribution to Alba since his appointment in December 2020, especially in respect of the Company's Greenland projects. Mr Brünner has also waived his rights to 4,000,000 share warrants in Alba which had vested with an exercise price of 0.5p each, as described in the announcement of 8 December 2020.

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of exploration, uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the timing and granting of regulatory and other third party consents and approvals, uncertainties regarding the Company's or any third party's ability to execute and implement future plans, and the occurrence of unexpected events.

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