Granting of share options and Director/PDMR Notification

NICOSIA, CYPRUS / ACCESSWIRE / January 27, 2022 / Atalaya Mining Plc. ('Atalaya' or the 'Company') (AIM:ATYM);(TSX:AYM) announces that, in accordance with the Company's Long Term Inventive Plan 2020 (the 'LTIP20'), it has granted 120,000 share options (the 'Options') to Luis Rodriguez Pevida, its business development manager.

The Options expire ten years from the deemed date of grant (26 January 2022), have an exercise price of 416.0 pence per ordinary share, based on the average of the mid-market closing prices for the five dealing days immediately preceding the grant date, and vest in two equal tranches, half on grant and half on the first anniversary of the granting date.

The details of the share options are as per the table below:

Following these grants, the Company has granted options over an aggregate of 2,341,000 ordinary shares, equivalent to 1.67% of the Company's issued share capital.

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

Contacts:

About Atalaya Mining Plc
Atalaya is an AIM and TSX-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 centralised 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. For further information, visit www.atalayamining.com

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SOURCE: Atalaya Mining PLC