Issue of Unlisted Options and Performance Rights

For immediate release                                                                                                                                                    31 October 2024

EUROPEAN METALS HOLDINGS LIMITED

("European Metals" or the "Company")

Issue of Unlisted Options and Performance Rights

European Metals Holdings Limited (ASX & AIM: EMH, OTCQX: EMHXY and EMHLF) ("European Metals" or the "Company") announces that, it has issued 5,000,000 unquoted options exercisable at AU$0.25 on or before 30 June 2026 and 300,000 performance rights (200,000 with an expiry date of 2 March 2025 and 100,000 with an expiry date of 2 March 2026) ("unlisted securities") to Company consultants issued under the Company's employee incentive scheme.

The performance rights are subject to commercial vesting conditions which must be met by the expiry dates. The unlisted securities carry no voting or dividend rights but are otherwise governed by standard terms and conditions.

Upon the exercise of options and performance rights, and their conversion into ordinary shares, these ordinary shares will rank equally with existing fully paid ordinary shares, including the right to vote and receive dividends.

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