Atalaya Mining PLC: Granting of share options

NICOSIA, CYPRUS -- (Marketwired) -- 03/02/17 -- Atalaya Mining PLC (AIM: ATYM) (TSX: AYM)

AIM: ATYM, TSX: AYM

2 March 2017

Atalaya Mining plc ("Atalaya" or the "Company") Granting of share options

Atalaya (AIM: ATYM, TSX: AYM), the European mining and development company, announces that, in accordance with the Company's incentive share option program, it has granted 800,000 incentive share options to Persons Discharging Managerial Responsibilities ("PDMRs") and management. Such options have been granted pursuant to the resolutions passed by shareholders at the Company's 2016 Annual General Meeting ("AGM") and according to the provisions of the Company's Share Option Plan 2013. In addition, the Company has granted 100,000 share options to Cesar Sanchez, CFO of the Company, as part of his contractual entitlement on joining the Company in July 2016.

The share options expire five years from the date of grant (23 February 2017), have an exercise price of 144.0 pence per share, based on the minimum share price in the five days preceding the grant date and vest in three equal tranches - one third on grant, one third on the first anniversary of the original grant date and one third on the second anniversary of the original grant date. The 900,000 share options have been allocated as per the table below.

Name       Position            Number of            Total             Total
                         incentive share        beneficial        beneficial
                          options issued          holding    holding as % of
                                                 (shares &        Company's
                                                  options)     fully diluted
                                            following this      issued share
                                              notification           capital
Alberto    CEO/Managing          150,000           450,000             0.38%
Lavandeira Director
Julian     COO                    95,000           195,000             0.16%
Sanchez
Cesar      CFO                   100,000           100,000             0.08%
Sanchez
George     GFC and                55,000            55,000             0.05%
Hadjineoph Company
ytou       Secretary
                        ----------------
           PDMR Total            400,000
           Management            500,000
                        ----------------
           Total                 900,000
                        ================

The Company now has an aggregate of 1,765,354 options and warrants on issue. This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014. Contacts:

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Atalaya Mining plc       Roger Davey / Alberto Lavandeira   +34 959 59 28 50
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Canaccord Genuity (NOMAD Henry Fitzgerald-O'Connor / Martin +44 20 7523 8000
and Joint Broker)        Davison
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BMO Capital Markets      Jeffrey Couch/Neil Haycock/Tom     +44 20 7236 1010
(Joint Broker)           Rider
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This information is provided by RNS The company news service from the London Stock Exchange END

Contact:
RNS
Customer Services
0044-207797-4400
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Source: Atalaya Mining PLC

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