European Metals Holdings Limited (ASX & AIM: EMH, FSE: E861.F) ('European Metals' or 'the Company') is pleased to provide an update on its activities during the three-month period ending 30 September 2020 which highlights the continued progress in the development of the globally significant Cinovec Lithium/Tin Project ('the Project' or 'Cinovec') in Czech Republic.

APPOINTMENT OF EUROPEAN INVESTOR RELATIONS ADVISOR, PROPOSED CZECH LISTING AND INTERIM FUNDING

On 14 July 2020, the Company announced the following: Appointment of European Investor Relations Advisor

The Company appointed DGWA, the German Institute for Asset and Equity Allocation and Valuation ('Deutsche Gesellschaft fur Wertpapieranalyse GmbH', 'DGWA'), one of the leading mining and resource focused European investment banking boutiques, as its Investor and Corporate Relations advisor in Europe.

DGWA will collaborate with European Metals to help gain investor awareness and drive investment opportunities from the European financial markets and will provide investor relations services to help European Metals position itself in the German-speaking financial markets. DGWA will also introduce European Metals to its extensive network within the European corporate and federal community to assist the Company in exploring offtake-agreements and potential grants and subsidies.

Proposed Czech Listing

The Company is in discussions with the Prague Stock Exchange regarding the proposed listing of the Company's securities. Given the high profile that the Cinovec Project has within the Czech Republic, the Company would like to provide the opportunity for Czechs to invest directly via their domestic exchange. It is anticipated that the proposed listing will be completed in the current quarter.

Interim Funding

EMH arranged an interim funding facility to assist in financing the new initiatives listed above and for ongoing operations. The facility has been provided by an Australian based sophisticated investor, 6466 Investments Pty Ltd, and allows for a drawdown of up to AUD 1 million in tranches as required over 12 months.

Two drawdowns were completed during the quarter and a further one subsequently. There is one drawdown remaining under the facility.

PARTNERSHIP AGREEMENT WITH EUROPEAN UNION BODY

On 28 July 2020, the Company announced t hat a support and financing agreement with KIC InnoEnergy SE ('EIT InnoEnergy'), the principal facilitator and organiser of the European Battery Alliance, had been entered into by Geomet s.r.o. in respect of the Cinovec Lithium Project in the Czech Republic ('Cinovec' or the 'Project') .

The purpose of the agreement is to support the construction financing and ultimate commercialisation of Cinovec, the largest hard rock lithium deposit in Europe, by EIT InnoEnergy providing assistance to EMH to support the: Sourcing of construction finance; Securing of grant funding and Assisting in offtake introductions and negotiations.

EIT InnoEnergy leads the European Battery Alliance which was initiated by the European Commission to create a competitive and sustainable battery cell manufacturing value chain in Europe. Based on Cinovec's economics, long mine life and proximity to the key manufacturing centers in Europe leading the EV revolution, the Project is well positioned to work with EIT InnoEnergy and other European organisations to ensure timely development to assist in meeting the expected significant increase in the demand for raw materials.

MEASURED RESOURCE DRILLING COMMENCED

On 10 August 2020, the Company announced the commencement of the measured resource drilling programme, following the Company receiving permission from the statutory authorities in the Czech Republic for this year's planned diamond drilling campaign.

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Information included in this release constitutes forward-looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as 'may', 'will', 'expect', 'intend', 'plan', 'estimate', 'anticipate', 'continue', and 'guidance', or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs.

Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the company's actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licences and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation.

Forward looking statements are based on the company and its management's good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the company's business and operations in the future. The company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the company's business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the company or management or beyond the company's control.

Although the company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the company does not undertake any obligation to publicly update or revise any of the forward looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.

Contact:

Julia Beckett

Tel: +61 (0) 419 996 333

Email: keith@europeanmet.com

(C) 2020 Electronic News Publishing, source ENP Newswire