Alba Acquires Option Over Andover West Lithium Project in Western Australia

Initial 50% Lithium interest: - Andover West Lithium Project - West Pilbara, WA - Exploration licences E47-3373 (AW1) & ELA47-4844 (AW2) Significant Lithium Resource Area: - Western Australia hosts 4 of the World's largest Lithium mines - Combined reserves more than 500Mt Andover Project to the East: - High-grade lithium intersections - 209.4m @1,42% Li2O Terms of Option Agreement - 30-day Option period - 250,000 ALBA shares - At 25% premium to 15 day VWAP - 1 for 1: 12 month warrants at 0.2p - Alba to form Unincorporated JV to explore Lithium rights over Tenements - Each Party contributing to expenditures pro-rata - Alba appointed as Manager - Alba to have pre-emption and Tag-along rights Market Intelligence - Further diversification of territory and commodity - Lithium price weakness seen as an opportunity for low-cost entry - ALBA confident area has high Lithium resource - Proven M&A exit potential