CATALYST METALS LIMITED — Capital/Financing Update 2021

Feb 3, 2021

4 FEBRUARY 2021

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ASX ANNOUNCEMENT

SHARE PLACEMENT

The directors of Catalyst Metals Limited ( Catalyst or the Company ) ( ASX: CYL ) are pleased to advise that following further demand from investors, the Company has completed a further capital raising of $1.26 million through a private share placement of 600,000 ordinary fully paid shares at a subscription price of $2.10 per share.

Funds raised from the placement will be used for ongoing growth initiatives including major exploration programs at the Four Eagles and Tandarra Gold projects in Victoria and the newly acquired Henty gold mine in Tasmania as well as for general working capital.

The placement has been made pursuant to ASX Listing Rule 7.1 and as an offer of ordinary shares without disclosure under Section 708 of the Corporations Act 2001 to sophisticated and professional investors.

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