Issue of Equity

African Battery Metals plc, the AIM quoted African focused exploration company, announces that it has issued 5,000,000 new ordinary shares ("Ordinary Shares") in settlement of an invoice to a consultant to the value of £2,500.00.

Accordingly, application has be made for the new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and that dealings in the New Ordinary Shares will commence at 8.00 a.m. on 16 May 2018.  The new Ordinary Shares will represent approximately 0.08 per cent. of the Company's Enlarged Share Capital. The new Ordinary Shares will rank pari passu in all respects with the Company's existing Ordinary Shares and will be issued fully paid.

Following Admission, the Company's Enlarged Share Capital will comprise 6,455,536,315 Ordinary Shares. This figure may be used by shareholders as the denominator for the calculations by which they may 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.

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15 May 2018


Power Metal Resources plc
201 Temple Chambers
3-7 Temple Avenue
London EC4Y 0DT
United Kingdom