Exercise of options and change to TVR

Zinnwald Lithium plc

("Zinnwald Lithium" or the "Company")

Exercise of options and change to total voting rights

Zinnwald Lithium plc, the German focused lithium development company, announces that it has received notices of exercise for options ("Options") in respect of a total of 650,000 new ordinary shares of 1 pence each ("New Ordinary Shares"). The Options have been exercised at a price of 8 pence per Ordinary Share.

Application will be made for the 650,000 New Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on or around 22 January 2021.

Upon Admission, the Company's issued share capital will consist of 205,105,957 Ordinary Shares with one voting right each. The Company does not hold any ordinary shares in treasury. Therefore, the total number of ordinary shares and voting rights in the Company will be 205,105,957. With effect from Admission, this figure may be used by shareholders in the Company 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 share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information go to www.zinnwaldlithium.com or contact: