Commencement of drilling at the Toral Project 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") Commencement of drilling at the Toral Project Europa Metals, the European focused lead, zinc and silver developer, is pleased to announce that, further to the Company’s announcement of 15 November 2019, it has commenced diamond drilling at the Company’s 100% owned Toral lead-zinc-silver project, located in the region of Castilla y León, north west Spain. This diamond drilling campaign will initially focus on a target area to the west of the current Indicated resource area within the existing Inferred zone. The overall objective of the drill programme will be to seek to increase confidence levels in the resource within the central, proposed future mining area of the Toral Project, as announced on 15 November 2019. 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 (Joint Broker) Andy Thacker / Zoe Alexander T: +44 (0)20 3621 4120 Brandon Hill Capital (Joint Broker) Jonathan Evans/Oliver Stansfield 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. United Kingdom 19 November 2019 Date: 19/11/2019 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.