CATALYST METALS LIMITED — Board/Management Information 2021

Oct 3, 2021

4 OCTOBER 2021

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ASX ANNOUNCEMENT

CATALYST CEO APPOINTMENT

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Catalyst Metals Limited ( Catalyst or the Company ) (ASX: CYL ) is pleased to announce that Mr John McKinstry, who commenced with the Company as General Manager Technical Services and Development in early September 2021, will assume the role of Chief Executive Officer effective immediately.

Mr McKinstry holds a Bachelor of Engineering from University of Queensland and a Graduate Certificate in Business Administration from the Mt Eliza Graduate School in Victoria.

Mr McKinstry has extensive experience in open pit mining and underground mining and development and has held senior management positions in gold and base metal mines in Australia and overseas. His previous positions included CEO of North Queensland Metals where he oversaw the acquisition and revamping of the Pajingo mine and as Managing Director of KalNorth Gold Mines. As General Manager he ran the Mt Leyshon and Pajingo gold mines in Queensland, the Midas gold mine in Nevada, USA, the Martha gold mine in New Zealand and the True North gold mine in Canada. His involvement in mining and development projects extends to Mt Isa, Kalgoorlie, Papua New Guinea, and West Africa. His most recent position was as the General Manager – Operations for Washington Soul Pattinson subsidiary Round Oak Minerals.

John McKinstry commented “Having been brought in to accelerate the development plans for the Bendigo projects these will remain a key focus area for me. The Henty Mine team continues to deliver to plan and justify the reinvestment in exploration to bolster its future. I look forward to Catalyst continuing to work with its Joint Venture partners to unlock the potential of its assets, and the Company increasing its already significant presence in the Victorian and Tasmanian gold sector.”

Authorised for release by the Board of Catalyst Metals Limited

For further information contact:

Steve Boston Bruce Kay Chairman Technical Director Telephone: +61 409 574 515 +61 400 613 180

44 Kings Park Road, West Perth WA 6005 PO Box 778, Claremont WA 6910 Telephone: (61-8) 6263 4423 Facsimile: (61-8) 9284 5426 www.catalystmetals.com.au ABN 54 118 912 495

Mr John McKinstry – Key Terms and Conditions of Employment

Remuneration: $350,000 per annum plus statutory superannuation. Term: Ongoing unless terminated by Company or employee. Termination: 3 month notice period required by either employee or Company, unless terminated for cause and then no notice period required. Redundancy: 6 months if material change in role or responsibilities.