European Metals Holdings Limited (ASX & AIM: EMH, FSE: E861.F) ('European Metals' or 'the Company') advises that it has today issued 3,000,000 new Ordinary Shares (represented by Depository Interests or 'DIs') in the Company in respect of an exercise of options at AU$0.166 per DI ('DIs Shares').

The proceeds of AU$498,000 will be used for general working capital.

Application will be made for the admission to trading on AIM and ASX of the new DIs Shares ('Admission'). Admission is expected to occur on or around 25 August 2020. The new DIs Shares will rank pari passu in all respects with the existing ordinary shares in European Metals.

On 14 August 2020, Inswinger Holdings Pty Ltd, a company in which Keith Coughlan (Executive Chairman) has a controlling interest, sold 2,000,000 options to subscribe for new Dis at a subscr ipt ion price of AU$0.166 per DI on before 17 August 2020 ('Options') in an off market transaction for an aggregate consideration of AU$268,000, equivalent to AU$0.134 per Option.

Total Voting Rights

Following Admission, the Company will have 159,503,798 Ordinary Shares on issue. There are no shares held in treasury.

Contact:

Keith Coughlan

Tel: +61 (0) 419 996 333

Email: keith@europeanmet.com

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