ASX Price Query

NEWS RELEASE I 10 SEPTEMBER 2024

ASX PRICE QUERY

Sovereign Metals Limited (ASX:SVM; AIM:SVML; OTCQX:SVMLF) (the Company or Sovereign) advises that the below response was provided to the Australian Securities Exchange (ASX) following the receipt of a query from ASX regarding recent trading in Sovereign's securities.

To view the announcement in full, please refer to:

https://www.investi.com.au/api/announcements/svm/f814332b-0e7.pdf.

Classification 3.1 Additional regulated information required to be disclosed under the laws of a Member State

ENQUIRIES

10 September 2024

Nicola Mullen

Australia Securities Exchange

Central Park, 152-158 St Georges terrace

Perth WA 6000

By email: nicola.mullen@asx.com.au

Dear Nicola,

Response to Price Query

In response to your correspondence dated 10 September 2024 regarding the recent trading in the Sovereign Metals Limited's (Company or Sovereign) securities, the Company's response is as follows:

1.      No, the Company is not aware of any information that has not been announced which, if known, could be an explanation for recent trading in the securities of the Company.

2.         Not applicable.

3.         The Company has no other explanation of the recent trading in the securities of the Company.

4.         The Company confirms that it is in compliance with the listing rules, in particular, Listing Rule 3.1.

5.         The Company confirms that its responses to the questions above have been authorised and approved in accordance with its published continuous disclosure policy or otherwise by its board or an officer of the Company with delegated authority from the board to respond to ASX on disclosure matters.