Exercise of Warrants Jubilee Metals Group PLC Registration number (4459850) Altx share code: JBL AIM share code: JLP ISIN: GB0031852162 ("Jubilee" or "the Company" or “the Group”) Exercise of Warrants Jubilee Metals Group ("Jubilee" or the “Company" or the ‘Group’), the AIM and Altx traded metals processing company is announcing that it has received notification from a warrant holder to exercise 694 445 existing warrants of the Company, representing 0.03 % of the enlarged issued share capital of Jubilee ("the Warrant Shares") at a price of 6.12 pence (ZAR 123.75 cents) per Warrant Share. The exercise of Warrant Shares amounts, in aggregate, to a cash value of £ 42,500 (ZAR 859,350). The Warrant Shares are expected to be admitted to trading on AIM and listed on the Altx of the JSE Limited on or about 11 December 2020 and will rank pari passu with the ordinary shares of the Company in issue. Total voting rights The Company's total issued capital, after the issue of the Warrant Shares, will be 2 113 204 018 ordinary shares. As the Company does not hold any shares in treasury, 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 following Admission. United Kingdom 07 December 2020 For further information visit www.jubileemetalsgroup.com or contact: Jubilee Metals Group PLC Colin Bird/Leon Coetzer Tel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913 Nominated Adviser - SPARK Advisory Partners Limited Andrew Emmott/James Keeshan Tel: +44 (0) 20 3368 3555 Joint Broker - Shard Capital Partners LLP Damon Heath/Erik Woolgar Tel +44 (0) 20 7186 9900 Joint Broker – WHIreland Harry Ansell/Katy Mitchell Tel: +44 (0) 20 7220 1670/+44 (0) 113 394 6618 JSE Sponsor - Sasfin Capital (a member of the Sasfin group) Sharon Owens Tel +27 (0) 11 809 7500 PR & IR Adviser - St Brides Partners Limited Catherine Leftley/Beth Melluish Tel +44 (0) 20 7236 1177 United Kingdom 7 November 2020 Date: 07-12-2020 03:00:00 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.