European Metals Holdings Regulatory News (EMH)

For immediate release

6 January 2021

EUROPEAN METALS HOLDINGS LIMITED

EQUITY ISSUE

European Metals Holdings Limited (ASX & AIM: EMH, NASDAQ: ERPNF) ("European Metals" or the "Company") advises that is has issued 1,463,734 new ordinary shares (represented by Depository Interests or "DI's") in the Company at a price of AUD 72.42 cents per DI ("DI Shares") in relation to the full drawdown of the Fund Facility Agreement with 6466 Investments Pty Ltd and EMH ("Facility") as announced on 31 December 2020. The funds will be used to assist in funding new initiatives and ongoing operations.

Application will be made for the admission to trading on AIM and ASX of the new DI Shares ("Admission"). Admission is expected to occur on or around 12 January 2021. The new DIs Shares will rank pari passu in all respects with the existing ordinary shares in European Metals.

Total Voting Rights

Following Admission, the Company will have 164,077,351 Ordinary Shares on issue. There are no shares held in treasury. The total voting rights in the Company are therefore 164,077,351 and shareholders may use this figure as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the Financial conduct Authority's Disclosure and Transparency Rules.

WEBSITE

A copy of this announcement is available from the Company's website at www.europeanmet.com.

ENQUIRIES:

The information contained within this announcement is considered to be inside information, for the purposes of Article 7 of EU Regulation 596/2014, prior to its release.

The person who authorised for the release of this announcement on behalf of the Company was Keith Coughlan, Executive Chairman.