Metals X Limited Announces Step Down of Michael Spreadborough from Chief Executive Officer, Effective August 9, 2021

Metals X Limited is an Australia-based tin producer. The Company holds a portfolio of assets from exploration to development. The Company’s principal activities include investment in a joint venture company operating a tin mine in Australia and investments in companies undertaking exploration and development of base metals projects in Australia. It has a 50% equity interest in the Renison Tin Operation in Tasmania (Renison) through its 50% stake in the Bluestone Mines Tasmania Joint Venture (BMTJV). Renison is located on the west coast of Tasmania, approximately 15 kilometers (km) north-east of Zeehan. The tailings dams have a Probable Ore Reserve containing approximately 99,000 tons of tin and 51,000 tons of copper. Its base metals portfolio is leveraged both to global GDP growth and to the burgeoning technological advancement in batteries, in particular their application in the electric vehicle market. It holds rights in 45 square kilometers of prospective tenure surrounding Renison.