Atlas Conversion Notice & Total Voting Rights

8 April 2021

W Resources Plc

("W" or the "Company")

Atlas Conversion Notice and

Total Voting Rights

W Resources Plc (AIM:WRES), the tungsten, tin and gold mining and exploration company with assets in Spain and Portugal, has received a Conversion Notice from Atlas Capital Markets ("Atlas") for £250,000 of Convertible Bonds, the first tranche of the second £500k tranche drawn from the £4m facility.

W will issue 2,724,469 ordinary shares of 0.1p per share ("Ordinary Shares") at a conversion price of 9.1761p per Ordinary Share.

Settlement and Dealings

Application will be made for the admission trading on AIM of the 2,724,469 Ordinary Shares ("Admission"), which is expected on or around 14 April 2021.

Total Voting Rights

Following Admission, the Company's enlarged issued share capital will comprise 80,823,827 Ordinary Shares with voting rights. The Company has no shares held in Treasury. This figure of 80,823,827 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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