Jubilee Metals Regulatory News (JLP)

Registration number (4459850)

Altx share code: JBL

AIM share code: JLP

ISIN: GB0031852162

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Jubilee Metals Group PLC

("Jubilee" or "the Company" or "the Group")

Result of Placing

The Company is pleased to announce that it has today, raised gross proceeds of £ 30 million (ZAR 592 million) as result of the fundraising announced earlier today (the "Fundraising").

A total of 187 149 096 new ordinary shares in the capital of the Company ("New Ordinary Shares") have been placed by WH Ireland Limited with new and existing investors (the "Placing") at a price of 16.03 pence (ZAR 316.27 cents) per share (the "Issue Price").

As previously announced, application has been made to London Stock Exchange plc for the New Ordinary Shares to be admitted to trading on AIM. It is expected that admission will be effective, and dealings in the New Ordinary Shares will commence, at 8.00 a.m. on 21 September 2021.

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of the Company following Admission will consist of 2 429 658 564 Ordinary Shares with voting rights attached (one vote per Ordinary Share). There are no Ordinary Shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, the Company under the DTRs.

15 September 2021

**ENDS**

For further information visit www.jubileemetalsgroup.com or contact:

Jubilee Metals Group PLC

Colin Bird/Leon CoetzerTel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913

Nominated Adviser - SPARK Advisory Partners LimitedAndrew Emmott/James KeeshanTel: +44 (0) 20 3368 3555

Broker - Shard Capital Partners LLPDamon Heath/Erik WoolgarTel +44 (0) 20 7186 9900

Joint Broker - WHIreland

Harry Ansell/Katy Mitchell 

Tel: +44 (0) 20 7220 1670

JSE Sponsor - Sasfin Capital (a member of the Sasfin group)

Sharon OwensTel +27 (0) 11 809 7500

PR & IR Adviser - Tavistock

Jos Simson/ Gareth Tredway/Charles Vivian

Tel: +44 (0) 207 920 3150

PR & IR Adviser - St Brides Partners

Notes to Editors:

Jubilee Metals Group is a diversified metal recovery business with a world-class portfolio of projects in South Africa and Zambia. We create value for all stakeholders through the transformation of mining liabilities into profitable assets in a manner that addresses mining's historical footprint and improves the quality of life for surrounding communities. Our distinguishing value proposition is our net positive impact on all stakeholders and the environment.

Our business model focuses on the retreatment and metals recovery from mine tailings, waste, slag, slurry and other secondary materials generated from mining operations. In effect, while extracting maximum financial returns, we responsibly rehabilitate environments scarred by the surface footprint of historical mining operations and solving air and water pollution issues associated with those installations.

The Company's expanding multi-project portfolio provides exposure to a broad commodity basket including Platinum Group Metals ('PGMs'), chrome, lead, zinc, vanadium, copper and cobalt.

Jubilee is listed on the London Stock Exchange's AIM (ticker: JLP) and the Johannesburg Stock Exchange (ticker: JB).