NICOSIA, June 1, 2020 - 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:
| Newgate Communications | Elisabeth Cowell / Adam Lloyd / Tom Carnegie | + 44 20 3757 6880 |
| 4C Communications | Carina Corbett | +44 20 3170 7973 |
| Canaccord Genuity (NOMAD and Joint Broker) | Henry Fitzgerald-O'Connor / James Asensio | +44 20 7523 8000 |
| BMO Capital Markets (Joint Broker) | Tom Rider / Michael Rechsteiner / Neil Elliot | +44 20 7236 1010 |
| Peel Hunt LLP (Joint Broker) | Ross Allister / David McKeown | +44 20 7418 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.
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SOURCE: Atalaya Mining plc
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