Alba Mineral Resources plc (AIM: ALBA), the diversified mineral exploration and development company, announces that it has received a notice of exercise from Bergen Global Opportunity Fund, LP (the 'Investor') in respect of the convertible security previously issued (as announced on 3 March 2020) pursuant to the convertible securities issuance deed ('the Deed') the terms of which were announced on 24 February 2020.

Under the Deed, as a result of this notice of exercise 81,250,000 ordinary shares (the 'Conversion Shares') fall to be issued at a conversion price of 0.04p in accordance with the terms of the Deed.

Application will be made for the Conversion Shares to be admitted to trading on AIM with admission expected to take place on or around 12 June 2020. The Conversion Shares will rank pari passu in all respects with all existing ordinary shares in the Company.

Following admission of the Conversion Shares, the Company's enlarged issued share capital will comprise 4,142,101,946 ordinary shares with voting rights.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Contact:

George Frangeskides

Tel: +44 20 3907 4297

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