CATALYST METALS LIMITED — M&A Activity 2023

Feb 16, 2023

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Catalyst Metals

Catalyst Metals controls two highly prospective gold belts. It has multi asset strategy.

It owns and operates the high-grade Henty Gold Mine in Tasmania which lies within the 25km Henty gold belt. Production to date is 1.4Moz @ 8.9 g/t .

It also controls +75km of strike length immediately north of the +22Moz Bendigo goldfield and home to the new, greenfield discovery at Four Eagles.

Catalyst receives acceptances for 88% of Vango Mining

Offer scheduled to close on 6 March 2023*; Vango shareholders urged to ACCEPT NOW

Key Points

• Catalyst’s Takeover Offer for Vango has been accepted by shareholders representing 88% of Vango’s issued shares

• Vango Directors recommend acceptance and have accepted the Offer for their shares

Capital Structure

• Catalyst encourages all shareholders to ACCEPT without delay

Shares o/s: 98.5M Cash: $18.6m (Dec-22) Debt: Nil

Board Members

Catalyst Metals Limited (“ Catalyst ”) (ASX: CYL ) refers to its recommended off-market takeover offer ( Offer ) for all the fully paid ordinary shares in Vango Mining Limited (ASX: VAN ) ( Vango ).

Stephen Boston

Non-Executive Chairman

James Champion de Crespigny Managing Director & CEO

Catalyst welcomes the overwhelming support received from Vango shareholders who have accepted the Offer. As a result, Catalyst now has voting power in Vango of 88.1%.

The Offer was declared unconditional on 15 February 2023 and as a result, Vango shareholders are now assured of receiving five (5) fully paid ordinary shares in Catalyst for every 115 Vango Shares held.

Bruce Kay

Non-Executive Director

Robin Scrimgeour Non-Executive Director

Corporate Details

ASX: CYL

E:admin@catalystmetals. com.au W:catalystmetals.com.au T: +61 8 6107 5878

Catalyst urges all Vango shareholders to ACCEPT the Offer without delay.

How to ACCEPT the Offer

The Offer remains open and is currently scheduled to close at 5:00pm (WST) on Monday, 6 March 2023 (unless extended in accordance with the Corporations Act).

Vango shareholders should have received an Acceptance Form with the Bidder’s Statement, including instructions on how to accept. If you have any queries, or require a new Acceptance Form, please contact Catalyst on +61 8 6107 5878 or at admin@catalystmetals.com.au.

• Catalyst reserves the right to further extend the Offer in accordance with the Corporations Act 2001 (Cth)

ABN 54 118 912 495

Unit 9, 331 – 335 Hay Street, Subiaco WA 6008 PO Box 416, Subiaco WA 6904

This announcement has been approved for release by the Board of Directors of Catalyst Metals Limited.

Investors and Media:

James Champion de Crespigny Paul Armstrong Managing Director and CEO Read Corporate T: +61 (8) 6107 5878

ASX:CYL

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