Europa Metals, the European focused lead-zinc and silver developer, today announces changes to its board of directors (the 'Board').

Mr Colin Bird has resigned as non-executive Chairman of the Company with immediate effect. Accordingly, Mr Myles Campion has been appointed executive Chairman (previously executive and technical director) and Mr Laurence Read has been appointed as CEO, both taking effect immediately. All other Board positions remain unchanged and it is envisaged that a new non-executive director will be sought in due course. The Board wishes to thank Mr Bird for his contribution to Europa Metals during its initial exploration period in Spain. The Company's core team working on the Toral Project remains unchanged, overseen by Europa Iberia COO, Jesus Montero.

The restructuring of the Board comes at a time when Europa Metals moves forward with the next stage of work at its wholly owned Toral lead, zinc and silver project ('Toral' or the 'Toral Project') situated in the region of Castilla y Leon, north-west Spain. Work undertaken by the Group to date, in the Board's view, demonstrates the potential value and robust economics of the project.

Laurence Read, CEO of Europa Metals, commented: 'I would like to thank Colin for his contribution to the Company during its initial period of operations in Spain. The Toral Project is now emerging out of the exploration phase into the feasibility stage. The Board believes Toral should be a first-rate source of concentrate that, with high grades and recovery, can be developed through the outlay of relatively low capital expenditure. I look forward to announcing updates on our various workstreams in due course.'

Myles Campion, Executive Chairman of Europa Metals, further commented: 'The diligent work of the team in Spain has enabled the project to move forward over this last six months despite the restrictions of the current Covid-19 pandemic and strict adherence to best health and safety practices. The studies we have completed over the preceding 12 months can now be integrated into a new economic plan.'

Contact:

Dan Smith

Tel: +61 417 978 955

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