EUROPA METALS LIMITED - Issue of Options and Directors Dealings

Issue of Options and Directors’ Dealings

Europa Metals Ltd
(Formerly Ferrum Crescent Limited)
(Incorporated and registered in Australia
and registered as an external company in
the Republic of South Africa)
(Registration number 4459850)
(External company registration number 2011/116305/10)
Share code on the ASX: EUZ
Share code on AIM: EUZ
Share code on the JSE: EUZ
ISIN: AU0000014342
("the Company")

Issue of Options and Directors’ Dealings

Europa Metals, the European focused lead-zinc and silver developer, announces that, further
to the approval of resolutions 5 to 9 at the Company’s General Meeting held on 15 July 2020,
the Company has today granted, in aggregate, 1,980,000 options to the Company’s Executive
and Non-Executive Directors (the “Incentive Options”). The Incentive Options are exercisable
at varying premiums to 6.03 pence, being the 30-day VWAP up to and including 23 July 2020.

In addition, 20,000 options, originally intended to be issued to Daniel Smith, pursuant to the
passing of resolution 9, have instead been issued to a consultant of the Company, on the
same terms as the Incentive Options granted to the Non-Executive Directors. Accordingly,
Daniel Smith has been granted 80,000 Incentive Options as set out below.

Further details on the Incentive Options issued to the Executive Directors and the resultant
total options held by each such director are set out below:

 Executive        Previous holding     Number of        Number of      Number of    Resultant
 Director          of options (post     Incentive        Incentive      Incentive   holding of
                             share       Options          Options        Options      options
                    consolidation)        granted          granted        granted
                                      (Tranche 1)      (Tranche 2)    (Tranche 3)
 Laurence Read             225,000       150,000           400,000       150,000      925,000
 Myles Campion             291,666       150,000           400,000       150,000      991,666

Details of the individual tranches are as follows:
a)   Tranche 1: exercisable at a price of 7.54 pence per share (being a 25% premium to the
     30-day VWAP up to and including 23 July 2020) and expiring on or before 24 July 2023;
b)   Tranche 2: exercisable at a price of 9.04 pence per share (being a 50% premium to the
     30-day VWAP up to and including 23 July 2020) and expiring on or before 24 July 2023;
     and
c)   Tranche 3: exercisable at a price of 10.55 pence per share (being a 75% premium to the
     30-day VWAP up to and including 23 July 2020) and expiring on or before 24 July 2023.

Further details on the Incentive Options issued to the Non-Executive Directors and the
resultant total options held by each such director are set out below:

 Non-Executive          Previous       Number of     Exercise Price   Expiry Date   Resultant
 Director              holding of       Incentive     (being a 50%                  holding of
                    options (post        Options        premium to                    options
                                          granted        the 30-day
                         share                   VWAP up to
                 consolidation)                and including
                                                17 July 2020)
 Colin Bird            343,333       300,000      9.04 pence    24 July 2023      643,333
 Evan Kirby             45,000       200,000      9.04 pence    24 July 2023      245,000
 Daniel Smith           20,000        80,000      9.04 pence    24 July 2023      100,000


For further information on the Company, please visit www.europametals.com or contact:
Europa Metals Ltd
Dan Smith, Non-Executive Director and Company Secretary (Australia)
T: +61 417 978 955
Laurence Read, Executive Director (UK)
T: +44 (0)20 3289 9923

Strand Hanson Limited (Nominated Adviser)
Rory Murphy/Matthew Chandler
T: +44 (0)20 7409 3494

Turner Pope Investments (TPI) Limited (Broker)
Andy Thacker/Zoe Alexander
T: +44 (0)20 3657 0050

Sasfin Capital Proprietary Limited (a member of the Sasfin group)
Sharon Owens
T (direct): +27 11 809 7762

The information contained within this announcement is deemed by the Company to constitute
inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014
(“MAR”).


United Kingdom
24 July 2020

Date: 24-07-2020 10:45:00
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