ALBRIGHT METALS LTD — Board/Management Information 2021

Dec 6, 2021

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ASX ANNOUNCEMENT

7[TH] DECEMBER 2021

Appointment of CEO and Non-Executive Director

Skilled professionals to drive Bryah’s energy minerals strategy

Bryah Resources Limited (ASX: BYH, “the Company” or “BYH”) is pleased to advise that Mr Ashley Jones has been appointed as Chief Executive Officer (CEO) of Bryah Resources Limited, effective from the date of this announcement. Mr Brian Davis has been appointed to the Board as Non-Executive Director, joining existing directors Mr Ian Stuart and Mr Leslie Ingraham.

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Mr Ashley Jones and Mr Brian Davis

Mr Neil Marston has resigned as Managing Director of the Company. The Board would like to thank Mr Marston for his work and dedication to Bryah Resources Limited and wish him all the best in his future endeavours.

Mr Jones has been responsible for the technical direction of Bryah Resources Limited and Australian Vanadium Limited since 2019. He is also Non-Executive Director of recently listed Star Minerals Limited.

A geologist with over 20 years of experience in exploration, mine geology and management in Australia and Africa, Mr Jones brings significant project development expertise in feasibility level projects with a particular focus on resources and mine development, including manganese, gold and uranium. He was based in Africa for over 11 years, exploring a range of commodities for ASX, AIM and TSX listed public companies. Mr Jones graduated with a B.Sc. Hons in Geology from the University of Canterbury, New Zealand. He has a Master of Applied Finance from Kaplan University, Australia and an MBA with Distinction from Imperial College London,

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Bryah Resources Limited Level 1, 85 Havelock Street West Perth, WA 6005

Phone : +61 8 9321 0001 ASX : BYH Email: info@bryah.com.au ABN : 59 616 795 245

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UK. He is a Member of the Australian Institute of Mining and Metallurgy (AusIMM) and Member of the Financial Services Institute of Australasia (FINSIA).

Mr Davis is a 50-year veteran of the resources industry and has been principal of exploration and resource development consultancy group Geologica Pty Ltd for the past 20 years. During his extensive career he has worked in exploration and mining for small and large resource companies, focused on commodities including gold, base metals, vanadium, uranium, iron ore, coal and rare earths, both in Australia and overseas.

Mr Davis graduated from King’s College, London, UK with a Bachelor of Science in geology and a Diploma in Education from the University of Western Australia. A registered practising geoscientist (RPGeo), he is professionally affiliated with the industry by way of the Australian Institute of Geoscientists and AusIMM.

Mr Davis is also a Board member for not-for-profit organisation WA Lions Drug Education Foundation (WALDEF) which is committed to drug and alcohol education and abuse prevention programs.

Mr Jones and Mr Davis have a wide range of skills which will enable the Company to fully develop its energy minerals’ strategy and strengthen the Company’s performance during the coming years.

For further information, please contact:

Ashley Jones, CEO +61 8 9321 0001

This announcement has been produced in accordance with the Company's published continuous disclosure policy and has been approved by the Board

ASX: BYH | bryah.com.au

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Remuneration

Ashley Jones

Salary $200,000 plus superannuation

Incentive Plan Performance Rights to be issued as part of CEO contract and having the following milestones attached to them:

• (i) 1,000,000 Performance Rights which will vest and become convertible into Shares upon the volume weighted average price for the Company’s Shares as traded on ASX over 20 consecutive trading days being equal to at least $0.12 (twelve cents);

• (ii) 1,000,000 Performance Rights which will vest and become convertible into Shares upon the volume weighted average price for the Company’s Shares as traded on ASX over 20 consecutive trading days being equal to at least $0.16 (sixteen cents);

• (iii) 1,000,000 Performance Rights which will vest and become convertible into Shares upon the volume weighted average price for the Company’s Shares as traded on ASX over 20 consecutive trading days being equal to at least $0.20 (twenty cents).

About Bryah Resources Limited

Bryah Resources Limited is an energy minerals focused explorer exploring for lithium, nickel, copper, gold and manganese. Bryah has two projects located in central Western Australia, being the 1,048km[2] Bryah Basin Project and the 80km[2] Gabanintha Project, and one project 400km east of Perth, the Lake Johnston Lithium-Nickel Project.

The Bryah Basin is host to the high-grade copper-gold mines at DeGrussa, discovered by Sandfire Resources Limited in 2009, and at Horseshoe Lights, which was mined until 1994. The Bryah Basin has several historical and current manganese mines including the Company’s Horseshoe South mine. The Company has a joint venture agreement with OM (Manganese) Limited in respect to manganese rights only on approximately 600 km[2] of its Bryah Basin tenement holdings.

At Gabanintha, Bryah holds the rights to all minerals except Vanadium, Uranium, Cobalt, Chromium, Titanium, Lithium, Tantalum, Manganese & Iron Ore (Excluded Minerals). Australian Vanadium Limited retains 100% rights in the Excluded Minerals on the Gabanintha Project. The Company recently announced the acquisition of the Lake Johnson Lithium-Nickel project[1] .

Forward Looking Statements

This report may contain certain “forward-looking statements” which may not have been based solely on historical facts, but rather may be based on the Company’s current expectations about future events and results. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward looking statements are subject to risks, uncertainties, assumptions and other factors which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Readers should not place undue reliance on forward looking information. The Company does not undertake any obligation to release publicly any revisions to any “forward looking statement” to reflect events or circumstances after the date of this report, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

1 See BYH ASX Announcement dated 5 November 2021 for full details.

ASX: BYH | bryah.com.au

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