Mr. Roy Bonnell reports

ALLIED CRITICAL METALS ANNOUNCES INTENT TO LIST ON THE TSX VENTURE EXCHANGE

Allied Critical Metals Inc. has applied to list its common shares on the TSX Venture Exchange as a Tier 1 mining issuer.

Roy Bonnell, chief executive officer of Allied, stated: "We believe that a TSX Venture listing will provide us with improved access to capital markets as we focus on generating shareholder value by unlocking the potential of the Borralha tungsten project and Vila Verde tungsten project. We look forward to enhancing our capital markets profile by increasing our investor relations efforts and achieving our strategic objectives."

The listing application is subject to review by the TSX-V and satisfaction of applicable listing requirements.

The company also hereby announces the grant of 2.5 million stock options at an exercise price of $2.32 per common share expiring after five years and one million restricted share units (RSUs) to directors, officers, employees and consultants of the company, all vesting immediately pursuant to its omnibus equity incentive plan. The options and RSUs are subject to a four-month hold period in accordance with the policies of the Canadian Securities Exchange and applicable securities laws.

About Allied Critical Metals Inc.

Allied Critical Metals is a Canadian-based mining company focused on the expansion and revitalisation of its 100-per-cent-owned, past-producing Borralha tungsten project and Vila Verde tungsten project in northern Portugal. Tungsten has an irreplaceable role in defence, engineering, energy, manufacturing and advanced technologies.

We seek Safe Harbor.