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First Class Metals PLC (“First Class Metals” “FCM” or the “Company”) the UK metals exploration company seeking large scale metal discoveries across its extensive Canadian Schreiber-Hemlo & Sunbeam Project land holding is pleased to announce, Royce Peeling Green Limited (“RPG”) has been appointed as the Company’s new auditor with immediate effect.

RPG is a long established firm of Chartered Accountants and a PIE registered auditor based in Manchester, England. RPG is a UK member of DFK International, the sixth largest accounting association in the world according to the International Accounting Bulletin’s annual World Survey Report in 2022, with worldwide revenues in excess of $1.5 billion across 94 countries. In the UK, RPG operates from two offices with around 80 staff, including 11 directors.

On 6^th February 2023, KNAV Limited gave written notice to the Company of their resignation as the auditors of the Company. KNAV certified that there are no circumstances connected with their resignation which they consider should be brought to the attention of the Company’s members or creditors and stated that they resigned because they had decided not to register as an auditor eligible to undertake audits of Public Interest Entity companies.

Following a competitive selection process, the Audit Committee recommended to the Board of Directors that Royce Peeling Green Limited be appointed as Auditors. On the 9^th  of February, the Directors accepted that recommendation, and resolved to appoint RPG as the Auditors of the Company to fill the vacancy in the office of auditor pursuant to s. 489 (3) (c) of the Companies Act 2006.

The Board would like to thank KNAV for their services and support during its time as auditor to the company.

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First Equity Limited

(Financial Adviser & Broker)