Management Team Update

25 January 2021

W Resources Plc

("W" or the "Company")

Management Team Update

W Resources Plc (AIM:WRES), the tungsten, tin and gold mining company with assets in Spain and Portugal announces the retirement of Fernando de la Fuente, who will remain as a consultant to the team.

Since working with Iberian Resources Spain from inception, and then as W Resources' Country Manager Spain, Fernando de La Fuente has taken the decision to retire from his position. Fernando was instrumental in helping the Company establish the mine at La Parrilla and will be missed. Fernando remains supportive of the project and will continue as a consultant to the Company should the team need to draw upon his experience and knowledge of the mine in the future. Pablo Neira who has led the team at La Parrilla since November 2020, has worked alongside Fernando and is now driving the next stage of development and production growth at La Parrilla.

Michael Masterman, Chairman of W Resources commented: "A very personal thank you goes to Fernando de la Fuente who as many investors know, was a great patron and champion of La Parrilla and we wish him all the very best in his retirement.

"The team at La Parrilla has been strengthened with very experienced individuals, all experts in their fields of mining, plant operations, metallurgy and maintenance and following the improvements delivered in Q4, we are excited about the increasing traction already achieved at the start of 2021."

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