NICOSIA, CYPRUS - Atalaya Mining Plc (AIM:ATYM)(TSX:AYM) is pleased to announce its third quarter and nine-month results for the period ended 30 September 2022 ('Q3 2022' or the 'Period' and 'YTD 2022' respectively) together with its Unaudited Interim Condensed Consolidated Financial Statements.

The Unaudited Interim Condensed Consolidated Financial Statements for the period ended 30 September 2022 are also available under the Company's profile on SEDAR at www.sedar.com and on Atalaya's website at www.atalayamining.com.

Highlights

Consistent quarter of production, supporting confidence in full year guidance

EBITDA of EUR37.1 million in YTD 2022 despite extremely high electricity prices and other input cost inflation, which resulted in EBITDA of negative EUR4.3 million in Q3 2022

Maintained a strong balance sheet with net cash of EUR55.6 million

Continued investments in growth, future cost reductions and decarbonisation via exploration programme, 50 MW solar plant and E-LIX Phase I project

Lower power prices post quarter end support positive outlook for Q4 2022 and into 2023 when new power purchase agreement and 50 MW solar plant are expected to materially lower costs

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