SANDFIRE RESOURCES LIMITED — Major Shareholding Notification 2019

Dec 4, 2019

ASX ANNOUNCEMENT 5 December 2019

INCREASE IN RELEVANT INTEREST

ABOUT ADRIATIC METALS (ASX:ADT)

Adriatic Metals Plc is focused on the development of the 100% owned, high-grade zinc polymetallic Vareš Project in Bosnia & Herzegovina.

Adriatic Metals PLC (ASX:ADT & FSE:3FN) (‘Adriatic’ or the ‘Company’) has been informed that Sandfire Resources NL relevant interest in Adriatic has increased to 28,052,232 securities (or 15.785% of all Adriatic shares) as at 2 December 2019.

For further information please visit http://www.adriaticmetals.com/

DIRECTORS

Mr Peter Bilbe NON-EXECUTIVE CHAIRMAN

Mr Paul Cronin MANAGING DIRECTOR & CEO

Mr Michael Rawlinson NON-EXECUTIVE DIRECTOR

For further information please contact:

Paul Cronin Managing Director & Chief Executive Officer

info@adriaticmetals.com

Mr Julian Barnes NON-EXECUTIVE DIRECTOR

Mr Milos Bosnjakovic NON-EXECUTIVE DIRECTOR

Ms Sandra Bates NON-EXECUTIVE DIRECTOR

Mr John Richards NON-EXECUTIVE DIRECTOR

adriaticmetals.com

Adriatic Metals PLC, Second Floor, Stamford House, Regent Street, Cheltenham GL50 1HN United Kingdom

ASX ANNOUNCEMENT

ABOUT ADRIATIC METALS

Adriatic Metals PLC (ASX:ADT) (“Adriatic” or “Company”) is an ASX-listed precious and base metals explorer and developer via its 100% interest in the Vareš Project in Bosnia & Herzegovina. The Project comprises a historic open cut mine at Veovaca and brownfield exploration at Rupice, an advanced proximal deposit which exhibits exceptionally high grades of base and precious metals. Adriatic’s short-term aim is to expand the current JORC resource at high-grade Rupice deposit, as well as conduct exploration on a number of other prospects within the expanded Concession. Adriatic has attracted a world class team to expedite its exploration efforts and to rapidly advance the Company into the development phase and utilise its first mover advantage and strategic assets in Bosnia.

==> picture [377 x 337] intentionally omitted <==

Adriatic Metals PLC, Second Floor, Stamford House, Regent Street, Cheltenham GL50 1HN United Kingdom

Page 2