Alma Metals Limited announced that it has executed agreements with the Balanggarra People (represented by the Balanggarra Aboriginal Corporation "BAC"), regarding exploration access to an area of approximately 1,000 km2 in the East Kimberley district of Western Australia. Two agreements have been executed as follows: Negotiation and Funding Agreement: This agreement sets out the protocol for Alma to commence reconnaissance exploration of the East Kimberley Copper Project ("Authorised Activities"). This agreement also addresses the protocol for the parties to negotiate a joint venture agreement and sets out the funding obligations of Alma during these negotiations.

Alma will pay the reasonable costs of BAC, the Balanggarra people and their advisors to attend and conduct the negotiations for an exploration joint venture. Heritage Protection Agreement ("HPA") which sets the following: Cultural Heritage Protection protocols Protocols under which Alma will seek cultural heritage clearance to undertake the Authorised Activities. Protocols under which BAC will assess the clearance application, including cultural heritage survey team composition and costs to be borne by Alma.

Compensation payments and community benefits to be borne by Alma.Alma's responsibilities to ensure adequate environmental assessment, protection, and rehabilitation.