NICOSIA, CYPRUS / ACCESSWIRE / May 23, 2023 / Atalaya Mining Plc (AIM:ATYM); (TSX:AYM) announces that in accordance with the Company's Long Term Incentive Plan 2020 (the "LTIP20") which was approved by shareholders at the Annual General Meeting on 25 June 2020, it has granted 1,305,000 share options (the "Options") to Persons Discharging Managerial Responsibilities ("PDMRs") and other employees.

The Options expire on 21 May 2028, five years from the deemed date of grant (22 May 2023), have an exercise price of 327 pence per ordinary share, being the last mid-market closing price on the grant date, and vest in three equal tranches, one third on grant and the balance equally on the first and second anniversary of the grant date.

The 1,305,000 share options have been allocated as per the table below:

Name Position Number of share options granted Total number of share options following this notification Total beneficial holding of shares following this notification Total beneficial holding (options + ordinary shares) as % of Company's fully diluted issued share capital Alberto Lavandeira CEO/Managing Director 400,000 2,200,000 430,000 1.82% Enrique Delgado General Manager - Operations 200,000 600,000 -- 0.41% César Sánchez CFO 200,000 500,000 350,000 0.59% Total 800,000 3,300,000 780,000 2.82% Other Employees 505,000 1,548,500 Total 1,305,000 4,848,500

Following these Options, the Company has granted options over an aggregate of 4,848,500 ordinary shares.

Set out below is the information required by Article 19(3) of the EU Market Abuse Regulation No 596/2014:

1 Details of the person discharging managerial responsibilities/person closely associated a) Name Alberto Lavandeira 2 Reason for the notification a) Position/status CEO b) Initial notification/Amendment Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Atalaya Mining Plc b) LEI 549300QNQPXVRXGXOX56 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument

Identification code Share options

CY0106002112 b) Nature of the transaction Share options grant c) Price(s) and volume(s) Price: 327p

Volume: 400,000 share options d) Aggregated information Aggregate volume: 400,000

Exercise Price: 327p e) Date of the transaction 22 May 2023 f) Place of the transaction Outside a trading venue

1 Details of the person discharging managerial responsibilities/person closely associated a) Name Enrique Delgado 2 Reason for the notification a) Position/status General Manager of Operation b) Initial notification/Amendment Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Atalaya Mining Plc b) LEI 549300QNQPXVRXGXOX56 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument

Identification code Share options

CY0106002112 b) Nature of the transaction Share options grant c) Price(s) and volume(s) Price: 327p

Volume: 200,000 share options d) Aggregated information Aggregate volume: 200,000

Exercise Price: 327p e) Date of the transaction 22 May 2023 f) Place of the transaction Outside a trading venue

1 Details of the person discharging managerial responsibilities/person closely associated a) Name Cesar Sanchez 2 Reason for the notification a) Position/status CFO b) Initial notification/Amendment Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Atalaya Mining Plc b) LEI 549300QNQPXVRXGXOX56 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument

Identification code Share options

CY0106002112 b) Nature of the transaction Share options grant c) Price(s) and volume(s) Price: 327p

Volume: 200,000 share options d) Aggregated information Aggregate volume: 200,000

Exercise Price: 327p e) Date of the transaction 22 May 2023 f) Place of the transaction Outside a trading venue

Contacts:

SEC Newgate UK Elisabeth Cowell / Matthew Elliott + 44 20 3757 6882 4C Communications Carina Corbett +44 20 3170 7973 Canaccord Genuity

(NOMAD and Joint Broker) Henry Fitzgerald-O'Connor / James Asensio / Thomas Diehl +44 20 7523 8000 BMO Capital Markets

(Joint Broker) Tom Rider / Andrew Cameron +44 20 7236 1010 Peel Hunt LLP

(Joint Broker) Ross Allister / David McKeown +44 20 7418 8900

About Atalaya Mining Plc
Atalaya is an AIM-listed mining and development group which produces copper concentrates and silver by-product at its wholly owned Proyecto Riotinto site in southwest Spain. Atalaya's current operations include the Cerro Colorado open pit mine and a modern 15 Mtpa processing plant, which has the potential to become a central processing hub for ore sourced from its wholly owned regional projects around Riotinto that include Proyecto Masa Valverde and Proyecto Riotinto East. In addition, the Group has a phased earn-in agreement for up to 80% ownership of Proyecto Touro, a brownfield copper project in the northwest of Spain, as well as a 99.9% interest in Proyecto Ossa Morena. For further information, visit www.atalayamining.com



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SOURCE: Atalaya Mining PLC

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