Alba Mineral Resources Plc provided this update on its work at the Lower Llechfraith workings, its principal gold target at the Company's 100% owned Clogau-St David's Gold Mine in north Wales, and across the wider Dolgellau Gold Belt. Key Points: Following the completion of the statutory notification requirements in respect of Alba's planned bulk sampling of the Llechfraith Target and trenching of the Clogau Waste Tip, the Company will now be proceeding with both of those exercises. In respect of the more than 40 samples taken from No.4 Level at the Llechfraith Target: all have now been processed in the Company's processing plant in the Llechfraith Mine Yard (the "Llechfraith Plant") to produce heavy mineral concentrates; and composites of the concentrates are with a third-party refining facility, with results expected shortly.

Processing and interpretation of the airborne geophysical survey undertaken over Alba's key regional gold targets continues, with results expected from the first survey site, Clogau, in the week commencing March 25, 2024. Underground and Waste Tip Bulk Sampling: Further to the Company's announcement on 22 February, 2024 following the completion of the statutory notification requirements in respect of Alba's planned bulk sampling of the Llechfraith Target and trenching of the Clogau Waste Tip under Permitted Development Rights, the Company is now in a position to proceed with both those exercises. Indicative timelines for both bulk sampling exercises are as follows: Waste Tip exercise (to extract approx.

120 tonnes of fines for processing and smelting): Trenching: April, Processing of bulk samples to gold concentrate: May and Refining and smelting of gold concentrates: June. Underground Bulk Sampling exercise (to extract approx. 150 tonnes of rock from two newly developed raises for sorting, processing and refining): Site mobilisation and preparation: April/May, Blasting, ore removal and sorting: June/July and Processing ore to gold concentrate and then refining & smelting: July/August.

Level 4 Sampling: As reported on 22 February 2024, the Company has taken more than 40 samples from No.4 Level at the Llechfraith Target. All of those samples have now been put through the Company's Llechfraith Plant to produce heavy mineral concentrates. Composites of these concentrates have been sent to a third-party refining and smelting facility to determine their gold content.

The results are expected shortly.