Alien Metals Ltd. announced that with immediate effect, Mr. Roderick ("Rod") McIllree will join the Company as Executive Chairman (elect), until his formal appointment subject to normal director onboarding procedures, including regulatory approval. Until such time, Mr. McIllree will be engaged as a consultant to work with the Company's board to undertake a strategic review and detailed assessment of how to unlock the value of what is a portfolio of very stable and significant metal projects, worldwide. In conjunction with the proposed appointment of Rod, Bill Brodie Good ("Bill") stepped down as a director of the Company with immediate effect.

Bill will remain as a non-board CEO to focus on operational matters, primarily in completing the final studies and permits required to start production at the Company's high-grade Hancock Iron Ore Project in Western Australia. Accordingly, resolution 3 at the Company's AGM held on July 28, 2022 was withdrawn. All other resolutions proposed at the AGM were passed on a poll by the requisite majority.

Rod is a recognized senior mining executive based in London with 25 years of understanding in M&A, project generation, project management, international logistics, global finance as well as precious and base metal production. Rod was most recently Executive Chairman of AIM listed Bluejay Mining plc where he oversaw the significant growth and development of the company and is currently an Executive Director at More Acquisitions Plc. As part of the board and management restructure, Mr. Dan Smith will step down as Chairman but remain as a non-executive director upon Rod's appointment.

The Company will keep shareholders updated throughout the strategic review process.