Exercise of warrants Jubilee Metals Group PLC Registration number (4459850) Altx share code: JBL AIM share code: JLP ISIN: GB0031852162 ("Jubilee" or "the Company" or “the Group”) Exercise of Warrants THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN. Jubilee, the AIM and Altx traded metals processing company, announces that it has received notification from a warrant holder to exercise 138 889 existing warrants of the Company, representing 0.006 % of the enlarged issued share capital of Jubilee ("the Warrant Shares") at a price of 6.12 pence (ZAR 121.4 cents) per Warrant Share amounting to a cash value of £ 8,500 (ZAR 168 555). The Warrant Shares are expected to be admitted to trading on AIM and listed on the Altx of the JSE Limited on or about 14th of May 2021 and will rank pari passu with the ordinary shares of the Company in issue. Total voting rights The Company's total issued capital, after the issue of the Warrant Shares, will be 2 245 454 452 ordinary shares. As the Company does not hold any shares in treasury, this figure 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 to their interest in, the share capital of the Company following Admission. United Kingdom 10 May 2021 For further information visit www.jubileemetalsgroup.com or contact: Jubilee Metals Group PLC Colin Bird/Leon Coetzer Tel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913 Nominated Adviser - SPARK Advisory Partners Limited Andrew Emmott/James Keeshan Tel: +44 (0) 20 3368 3555 Joint Broker - Shard Capital Partners LLP Damon Heath/Erik Woolgar Tel +44 (0) 20 7186 9900 Joint Broker – WHIreland Harry Ansell/Katy Mitchell Tel: +44 (0) 20 7220 1670/+44 (0) 113 394 6618 JSE Sponsor - Sasfin Capital (a member of the Sasfin group) Sharon Owens Tel +27 (0) 11 809 7500 PR & IR Adviser - St Brides Partners Limited Catherine Leftley/Beth Melluish Tel +44 (0) 20 7236 1177 Date: 10-05-2021 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.