Jubilee Metals Group Plc Registration number (4459850) Altx share code: JBL AIM share code: JLP ISIN: GB0031852162 ("Jubilee" or the "Company” or the “Group”) Dissemination of a Regulatory Announcement that contains inside information according to UK Market Abuse Regulations. Not for release, publication or distribution in whole or in part in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction. Exercise of Warrants Jubilee, the AIM and Altx traded metals processing company is announcing that it has received notification from two warrant holders to exercise 13 169 312 existing warrants in the issued share capital of Jubilee ("the Warrant Shares") at a price of 6.12 pence (ZAR 122 cents) per Warrant Share amounting to, in aggregate, a cash value of £ 0.8 million (ZAR 16 million). The Warrant Shares are expected to be admitted to trading on AIM and listed on the Altx of the JSE Limited on or about 1 September 2022 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 2 671 684 838 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 25 August 2022 For further information visit www.jubileemetalsgroup.com or contact: Jubilee Metals Group PLC Leon Coetzer Tel: +27 (0) 11 465 1913 Nominated Adviser – SPARK Advisory Partners Limited Andrew Emmott/James Keeshan Tel: +44 (0) 20 3368 3555 Joint Broker - Berenberg Matthew Armitt/Jennifer Lee/Detlir Elezi Tel +44 (0) 20 3207 7800 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 PR & IR Adviser – Tavistock Jos Simson/ Gareth Tredway/Charles Vivian Tel: +44 (0) 207 920 3150 JSE Sponsor to Jubilee Questco Corporate Advisory Proprietary Limited Sharon Owens T: +27 (11) 011 9212