Issue of Equity

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 21st January 2021

MetalNRG plc

("MetalNRG" or the "Company")

Issue of Equity

MetalNRG (LON:MNRG), the natural resource investing and exploration company, announces that, pursuant to the exercise of warrants at 0.6p per share, the Company has issued and allotted to certain warrant holders a total of 13,333,332 new ordinary shares of 0.01p each in the capital of the Company (the "New Shares"):

Admission of New Shares to trading on the Main Market of the London Stock Exchange

Application will be made for the New Shares to be admitted to listing on the Standard segment of the Official List and trading on the London Stock Exchange's Main Market for listed securities ("Admission"). Admission of the New Shares is expected to occur on or around 27th January 2021.

The New Shares will rank pari passu with the existing ordinary shares of the Company.

Total Voting Rights

For the purposes of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules ("DTRs"), following the issue of the New Shares referred to above, the issued ordinary share capital of MetalNRG will consist of 384,742,765 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, MetalNRG under the DTRs.

The release of this information was arranged by Rolf Gerritsen, Chief Executive Officer.

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