SunMirror AG: Projects Update: Moolyella Heritage Site visit completed with the Nyamal Aboriginal Corporation

Heritage Site visit at Moolyella

Zug (pta055/02.05.2024/20:25) - Zug, Switzerland 02 May 2024 – As an update to previous communications on the 15th of April, SunMirror AG (the "Company", "SunMirror", and together with its direct and indirect subsidiaries the "Group", Vienna Stock Exchange: ROR1; ISIN CH0396131929), is pleased to provide further news on its exploration activities in Western Australia.

Highlights:

* Heritage Site visit with the Nyamal Aboriginal Corporation (NAC) to visit proposed drill site locations targeting lithium-bearing pegmatites at Moolyella has now been completed. A total area of 5km2 covered during the 5 days site visit and 4.4km2 (representing 88% of the ground) was assessed by the TAC as being unencumbered for drilling. The remaining 12% of the ground are inconsequential as they cover exposed granite hills which do not have any lithium-bearing pegmatites.
* Exploration Agreement with the Tjiwarl Aboriginal Corporation (TAC) covering the Company's Kingston Keith licence has been signed, paving the way for physical exploration work to commence within the licence area.

Moolyella Heritage Site visit:

The 5-day Heritage Site visit, conducted by the NAC along with independent geological consultants retained by the Company from Geonomik Pty Ltd was completed on Saturday 27th April. The objective of the site visit was for Elders of the NAC to visit the proposed drill site locations planned for drilling later this Summer and assess whether they were located (or not) in culturally sensitive areas. A total area of 5km2 was carefully covered on foot during the 5 days site visit and 4.4km2 (representing 88% of the ground) was cleared by the TAC as being clear for drilling.

Once the Company has received the formal approval in writing from the NAC for the proposed drill sites, the next step for the Company is to apply for a Plan of Work (PoW) with the respective authorities (Department of Energy, Mines, Industry Regulation and Safety – DMIRS) outlining our proposed drill program later this Summer.

Subject to the POW being approved, the Company will engage a drilling contractor to execute the drill program, tentatively scheduled at the moment for around the second half of this year (subject to availability of a drill rig).

Kingston Keith Exploration Agreement:

The Company is pleased to report that the Exploration Agreement with the Tjiwarl Aboriginal Corporation has been signed. The Agreement paves the way for the Company to begin physical exploration work within the licence area, which is prospective for lithium, gold and nickel.

(Picture above) Heritage Site visit at Moolyella: Arnel Mendoza (Managing Director of Geonomik Pty Ltd) on the far right of the photograph standing on top of the exposed surface of a massive pegmatite (approximately 20m in width), along with members of the Tjiwarl Aboriginal Corporation (TAC). Photo taken facing West and approved for release by the TAC.

Laurent Quelin, Chairman and CFO of SunMirror AG, comments: "I am delighted to report that the Heritage Site visit, conducted with the Nyamal Aboriginal Corporation (NAC), who are the traditional owners of the land covering our Moolyella licence, was successfully conducted last week. A total of 5 days were spent on site, walking over areas of interest where the Company has identified lithium anomalies associated with pegmatite swarms. I would personally like to thank the various members of the NAC for their help, support, and guidance in terms of how best to access the proposed drill sites. We look forward to working with the NAC in developing this exciting licence, which we know is prospective for lithium, tin, tantalum and rare earths.

In addition, I am pleased to report that the Exploration Agreement with the Tjiwarl Aboriginal Corporation (TAC), (who are the traditional landowners of the land covering our Kingston Keith licence), has now been signed. The Agreement (which covers the terms under which we operate on the ground), paves the way for us to begin exploring the licence in more detail. I would like to thank the various member of the TAC who were involved in reviewing and signing off on the Exploration Agreement. We look forward to working together on exploring this licence in more detail.

In conclusion, both the Heritage Site visit at Moolyella and the Exploration Agreement on our Kingston Keith licence underpins the Company's firm commitment to responsible exploration by maintaining and respecting traditional landowners' cultural protocol as well as protecting the indigenous fauna and flora as we conduct work on our licences in Western Australia."

About SunMirror AG

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The Group invests into strategic mineral exploration assets with a strong focus on sustainable green battery metals, like cobalt, lithium and nickel, as well as copper and gold deposits in developed markets. The company aims to either produce minerals at a later stage or sell those assets to strategic buyers. SunMirror's key exploration assets acquired in 2020, are currently located in Western Australia but the Group aims to complement its portfolio with additional early-stage mining licenses, focused on Europe with the ultimate aim of providing a secure, stable and sustainable supply of battery raw materials to support the electric revolution. SunMirror's core belief is that exploring for green battery metals must be accompanied by a sustainable approach to mining, thereby aiming to become a reference in terms of "responsible exploration".

The company's shares (ISIN CH0396131929) are listed on the Vienna Stock Exchange (auction trading, ticker: ROR1). For further information, please visit: http://www.sunmirror.com.

Contact
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Alexander Schmitt-Geiger

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81549 München – Deutschland
Tel.: +49 (0) 89 51 39 96 00
Mail: schmitt@public-affairs-net.de
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