Atalaya Mining plc announced that it has established a significant presence, covering approximately 1,114 sq km, in the Ossa Morena Metallogenic Belt, in southwest Spain. The Ossa-Morena Metallogenic Belt has strong exploration potential for a range of base and precious metals and is north of the Iberian Pyrite Belt where Atalaya operates its Proyecto Riotinto mine (figure 1 on the Website Announcement). This has been achieved through the execution of a definitive purchase agreement (the "Transaction") with Grupo Sacyr S.A. (the "Vendor"), which includes the following: The acquisition of a 51% interest in Rio Narcea Nickel, S.L. ("RNN"), which owns 17 investigation permits. The acquisition of a 100% interest in three investigation permits that are also located along the Ossa-Morena Metallogenic Belt. This group of 20 permits will be known collectively as Proyecto Ossa Morena ("POM") and are strategically distributed along prospective zones of the Ossa Morena Metallogenic Belt (figure 2 on the Website Announcement), and in particular, along the southern flank of the major Olivenza-Monesterio Antiform ("OMA"). In addition to the POM permits, Atalaya is also acquiring from the Vendor a 51% interest in four investigation permits in the Sevilla province and a 100% interest in two investigation permits in the Almeria province, both in the south of Spain. Atalaya will pay a total of 2.5 million in cash in three instalments, and grant a 1% net smelter return ("NSR") royalty over all acquired permits. The first payment of 0.5 million will be made following execution of the purchase agreement. The second and third instalments of 1 million each will be made once the environmental impact statement ("EIS") and the final mining permits for any project within any of the investigation permits acquired under the Transaction are secured.