Metalicity Limited ('Metalicity' or 'the Company') advises that the following unlisted employee incentive Performance Rights have been issued in accordance with their terms and conditions as announced in the Company's Notice of Annual General Meeting for 2020.

29,679,144 Unlisted Performance Rights (ASX code: MCTAD) subject to the Company achieving a 20- day volume weighted average price (VWAP) of Shares of at least $0.04 expiring on 18 December 2022; 36,754,966 Unlisted Performance Rights (ASX code: MCTAD) subject to the Company achieving a 20- day volume weighted average price (VWAP) of Shares of at least $0.06 expiring on 18 December 2022

Contact:

Jason Livingstone

Tel: +61 8 6500 0202

Email: jlivingstone@metalicity.com.au

(C) 2020 Electronic News Publishing, source ENP Newswire