ATYM Atalaya Mining Copper S.a.

15 January 2025

Atalaya Mining Copper, S.A.

("Atalaya" or "the Company")

Appointment of Director and Board Committee Updates

Atalaya Mining (LSE: ATYM) is pleased to announce that, following a comprehensive search process, its board of directors (the "Board") has appointed María del Coriseo ('Coriseo') González-Izquierdo Revilla as an independent non-executive director with effect from 14 January 2025. Coriseo replaces Roger Davey who, as announced on 30 May 2024, retired from the Board on 31 December 2024.

Coriseo will also serve as a member of the Board's Physical Risk Committee. She will stand for election at the Company's Annual General Meeting in June 2025.

Coriseo has Master's-equivalent degrees in Law and in Economic and Business Sciences from the Universidad Pontificia de Comillas and a Master's degree in Public Administration from Harvard University. She is also a State Economist.

Coriseo is an independent member of the board of Aena S.M.E., S.A., the Madrid listed airports operator. She is also a senior executive at OMIE (Operador del Mercado Ibérico de la Energía), the Iberian electricity market operator. She was Chief Executive Officer of ICEX - Spain Trade and Investment and has held a number of economic and commercial executive roles in Spain, Japan, West Africa, U.S.A. and China. She has also served as director on the boards of Instituto de Crédito (the Spanish Government's financial agency), CESCE (Spanish export credit agency), CDTI (Spanish Government agency for technology development) and HUNOSA (coal mining).

Additional Information

Other than her role as a non-executive Director of Aena S.M.E., S.A., Coriseo does not hold, nor has she held in the past five years, any directorship of a publicly quoted company.

There are no further disclosures to be made for the purposes of paragraph 6.4.8R of the Financial Conduct Authority's Listing Rules.

Revised Board Committee Composition

The composition of the Company's board committees will now be as follows:

·      Audit Committee

‒      Chair                     Carole Whittall

‒      Members              Hussein Barma, Stephen Scott

·      Nomination & Governance Committee

‒      Chair                     Neil Gregson

‒      Members              Kate Harcourt, Stephen Scott

·      Physical Risks Committee

‒      Chair                     Stephen Scott

‒      Members              Neil Gregson, Coriseo González-Izquierdo, Jesús Fernández

·      Sustainability Committee

‒      Chair                     Kate Harcourt

‒      Members              Hussein Barma, Carole Whittall

·      Remuneration Committee

‒      Chair                     Hussein Barma

‒      Members              Neil Gregson, Kate Harcourt, Stephen Scott

Neil Gregson, Chair of Atalaya, commented:

"I am delighted that Cori has agreed to join the Atalaya Board as an independent non-executive director. She is an accomplished executive with broad commercial and economic experience that will complement and enhance the skills of our existing Board. This appointment advances our diversity policy and adds to the Board another director with extensive experience in and knowledge of Spain. We look forward to benefiting from her insights and contributions.

On behalf of the Board, I would like to reiterate our gratitude to Roger for his 14 years of dedicated service on the Atalaya Board. His extensive industry expertise and valuable advice have been instrumental in securing Atalaya's strong position today."

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About Atalaya Mining Copper, S.A.

Atalaya is a European copper producer that owns and operates the Proyecto Riotinto complex in southwest Spain. Atalaya's shares trade on the London Stock Exchange's Main Market under the symbol "ATYM".

Atalaya's operations include the Cerro Colorado open pit mine and a modern 15 Mtpa processing plant, which has the potential to become a central processing hub for ore sourced from its wholly owned regional projects around Riotinto, such as Proyecto Masa Valverde and Proyecto Riotinto East. In addition, Atalaya has a phased earn-in agreement for up to 80% ownership of Cobre San Rafael S.L., which fully owns the Proyecto Touro brownfield copper project in the northwest of Spain, as well as a 99.9% interest in Proyecto Ossa Morena. For further information, please visit www.atalayamining.com