Issue of Equity

For immediate release

22 November 2016

EUROPEAN METALS HOLDINGS LIMITED

Equity Issue

European Metals Holdings Limited ("European Metals" or "the Company") (ASX and AIM: EMH), advises that it has issued 500,000 new ordinary shares (represented by Chess Depositary interests or "CDI's") in the Company in respect of an exercise of warrants at AU$0.14 per CDI.

Application is being made for the new ordinary shares to be admitted to trading on AIM with admission to take place on or around 25 November 2016. The new ordinary Shares will rank pari passu in all respects with the existing ordinary shares in EMH.

Total Voting Rights

Following the issue of the new Ordinary Shares, the total number of Ordinary Shares in issue with voting rights is 124,417,126. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change of interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules."

Enquiries:

ENDS