Admission of Warrant Shares

16 May 2025

Guardian Metal Resources plc ("Guardian Metal" or the "Company")

Exercise of 17p Warrants

Shares to be admitted

Guardian Metal Resources plc (LON:GMET, OTCQB:GMTLF), a strategic mineral exploration and development company focused on Nevada, US, announces that, further to its announcement of 12 May 2025 regarding the exercise of warrants, the Company confirms that it has issued a total of 4,600,619 new ordinary shares ("Warrant Shares") in respect of the exercise of 17p warrants, raising £782,105.23 for the Company.

Admission and Total Voting Rights

Application has been made for the 4,600,619 Warrant Shares to be admitted to trading on AIM which is expected to occur on or around 19 May 2025 ("Admission"). The Warrant Shares will rank pari passu in all respects with the ordinary shares of the Company currently traded on AIM.

Following Admission, the Company's issued share capital will comprise 138,938,971  ordinary shares of 1p each. This number will represent the total voting rights in the Company and may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.