CATALYST METALS LIMITED — Capital/Financing Update 2012

Feb 14, 2012

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15 February 2012

Manager Announcements Company Announcements Office ASX Limited Level 4 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

NOTICE IN ACCORDANCE WITH ASIC CLASS ORDER 09/425

Catalyst Metals Limited (ASX: CYL) (Catalyst) refers to the Share Purchase Plan announced on 8 February 2012, which allows eligible shareholders to subscribe for up to $15,000 worth of shares, at $0.40 per share (Share Purchase Plan).

This notice is given in accordance with ASIC Class Order 09/425. Catalyst advises that:

1. the securities being offered under the Share Purchase Plan will be offered for issue without disclosure to investors under Part 6D.2 of the Act;

2. as at the date of this notice Catalyst has complied with the provisions of Chapter 2M of the Corporations Act 2001 (Cth) ( Act ) as they apply to Catalyst and section 674 of the Act;

3. as at the date of this notice there is no information that is excluded information under section 708A(7) and (8) of the Act that has not already been disclosed to investors generally.

By order of the Board

Stephen Boston Chairman Catalyst Metals Limited

Level 3, 50 Colin Street West Perth WA 6005 PO Box 778, Claremont WA 6910 Telephone: (61-8) 9383 2825 Facsimile: (61-8) 9284 5426 www.catalystmetals.com.au ABN 54 118 912 495