Publication of Broker Research Note

Alba Mineral Resources plc

("Alba" or "the Company")

Publication of Broker Research Note

Alba Mineral Resources plc (AIM: ALBA), the diversified mineral exploration and development company, is pleased to announce that the Company's broker First Equity Limited, has today published a Research Note ('Note') on Alba which may be viewed on the Company's website at www.albamineralresources.com (under Investor Relations) or by clicking here.

Regulatory Disclaimers and Disclosures

The research note published by First Equity Limited ("FEL") (the "Research") is non-independent research and a marketing communication under the FCA Conduct of Business Rules. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of the investment research. FEL has procedures in place to manage any conflicts which might arise in the production of investment research, including Chinese Wall procedures.

The Research is designed for information purposes only and does not constitute a personal recommendation, offer or invitation by Alba Mineral Resources plc or any of its subsidiaries or any of its or their respective directors, officers, employees and contractors (together the "Alba Group") to buy or sell any shares or other securities in the Company or any other investment referred to within the Research. Investors should form their own conclusions and/or seek their own advice to determine whether any particular transaction is suitable for them in the light of their investment objectives, the benefits and risks associated with the transaction and all other relevant circumstances.

The views expressed in the Research are those of FEL and their analyst. No warranty or representation, express or implied, is made by any member of the Alba Group about the accuracy or completeness of the information in the Research, which may also be subject to change without notice or which may become out of date or obsolete after the date of its publication. Any opinion given in the Research reflects the judgement of FEL as at the date of this document's publication and not the judgement of the Alba Group.

Forward Looking Statements

The Research 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 Alba Group's or any third party's ability to execute and implement future plans, and the occurrence of unexpected events. Actual results achieved may vary from the information provided in the Research as a result of numerous known and unknown risks and uncertainties and other factors. Any or all statements about the future may turn out to be incorrect.

Not for Distribution into USA, Canada, Australia or Japan

The Research is not for distribution into the United States, Canada, Australia or Japan. Neither the Research nor any copy of it may be taken or transmitted into or distributed, directly or indirectly, in:

(a) the United States of America or to any US person as defined in Regulation S under the United States Securities Act of 1933;

(b) Canada or to any individual outside Canada who is a resident of Canada, except in compliance with applicable Canadian securities laws;

(c) Australia or to any resident thereof except in compliance with Australian securities laws; or

(d) Japan or to any resident thereof for the purpose of solicitation or subscription or offer for sale of any securities,

and any failure to comply with the foregoing restrictions may constitute a violation of the applicable jurisdiction's securities laws.

For further information, please contact:

Alba's Project and Investment Portfolio