TIDMATYM

RNS Number : 4380O

Atalaya Mining PLC

01 June 2020

1 June 2020

Atalaya Mining Plc.

("Atalaya" or "the Company")

Junta de Andalucía validates the Mining Permits of Proyecto Riotinto

Atalaya Mining Plc (AIM:ATYM, TSX:AYM) is pleased to announce that further to the announcements on 7 May 2020 and 30 January 2020, the Junta de Andalucía ("JdA") has confirmed through the Spanish press that the mining permits for Proyecto Riotinto ("Mining Permits") and are now fully validated.

The validation of the Mining Permits ends all the legal processes previously announced by the Company in relation to claims made by interested parties in connection with the approval process of Proyecto Riotinto.

Alberto Lavandeira, CEO, commented:

"The environmental permit to restart Proyecto Riotinto was declared null by the Tribunal Superior de Justicia de Andalucía due to administrative reasons in the process, not environmental. Although it has been a lengthy process, the final approval is testimony to the full support of the Junta de Andalucía for the high-quality mining projects currently operating in the region."

Contacts:

 
                           Elisabeth Cowell / Adam Lloyd /      + 44 20 3757 
 Newgate Communications     Tom Carnegie                                6880 
                                                                 +44 20 3170 
 4C Communications         Carina Corbett                               7973 
                          -----------------------------------  ------------- 
 Canaccord Genuity 
  (NOMAD and Joint         Henry Fitzgerald-O'Connor / James     +44 20 7523 
  Broker)                   Asensio                                     8000 
                          -----------------------------------  ------------- 
 BMO Capital Markets       Tom Rider / Michael Rechsteiner       +44 20 7236 
  (Joint Broker)            / Neil Elliot                               1010 
                          -----------------------------------  ------------- 
 Peel Hunt LLP                                                   +44 20 7418 
  (Joint Broker)           Ross Allister / David McKeown                8900 
                          -----------------------------------  -------------

About Atalaya Mining Plc

Atalaya is an AIM and TSX-listed mining and development group which produces copper concentrates and silver by-product at its wholly owned Proyecto Riotinto site in southwest Spain. In addition, the Group has a phased, earn-in agreement for up to 80% ownership of Proyecto Touro, a brownfield copper project in the northwest of Spain. For further information, visit www.atalayamining.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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