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CATALYST METALS LIMITED Capital/Financing Update 2021

Jan 20, 2021

64743_rns_2021-01-20_1dd6b217-26b2-4d1a-b24c-a6b001dfe876.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT

21 JANUARY 2021

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EXTENSION OF SPP CLOSING DATE

Catalyst Metals Limited ( Catalyst ) (ASX: CYL) advises that the closing date of the Share Purchase Plan (SPP) offer to shareholders has been extended by one week to 5.00 p.m. (WST) on Friday, 29 January 2021.

The directors of Catalyst are pleased with the response to the Share Purchase Plan to date and the extension has been granted to ensure all eligible shareholders have an opportunity to participate in the offer.

All directors of Catalyst who are eligible to participate in the Share Purchase Plan have subscribed for their full entitlements under the offer.

The Share Purchase Plan provides eligible shareholders on the share register as at 4.00 p.m. Perth time on 18 December 2020 with the opportunity to subscribe for up to $30,000 worth of shares at a subscription price of $2.10 per share.

The revised timetable for the Share Purchase Plan is as follows:

Record Date 18 December 2020
Offer opened 23 December 2020
Revised closingdate 5.00pm WST Friday,29 January2021
Revised date of announcement of results of SPP 4 February2021
Revised date of issue of shares under the SPP 5 February2021
Revised date of despatch of holding statements toparticipants in the SPP 9 February 2021
Revised date of expected commencement of trading ofnew shares on ASX 9 February 2021

The directors reserve the right to vary the dates for the Share Purchase Plan at their discretion. Should this occur then this will have a consequential effect on the anticipated date of issue and normal trading of the shares issued under the Share Purchase Plan.

Authorised for release by the Board of Catalyst Metals Limited.

For further information contact:

Steve Boston Chairman Telephone: +61 409 574 515

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