NICOSIA, CYPRUS / ACCESSWIRE / June 24, 2022 / Atalaya Mining Plc (AIM:ATYM)(TSX:AYM) announces that in accordance with the Company's Long Term Incentive Plan 2020 (the 'LTIP20') which was approved by shareholders at the Annual General Meeting on 25 June 2020, it has granted 1,225,000 share options (the 'Options') to Persons Discharging Managerial Responsibilities ('PDMRs') and other employees.

The Options expire on 30 June 2027, five years from the deemed date of grant (22 June 2022), have an exercise price of 357.50 pence per ordinary share, being the last mid-market closing price on the grant date, and vest in three equal tranches, one third on grant and the balance equally on the first and second anniversary of the grant date.

The 1,225,000 share options have been allocated as per the table below:

Following these Options, the Company has granted options over an aggregate of 3,543,500 ordinary shares.

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, as well as a 51% interest in Proyecto Ossa Morena. For further information, visit www.atalayamining.com

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SOURCE: Atalaya Mining PLC