CATALYST METALS LIMITED — Share Issue/Capital Change 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

DESPATCH OF SHARE PURCHASE PLAN OFFER MEMORANDUM

We advise that the Offer Memorandum for the non-renounceable Share Purchase Plan announced by Catalyst Metals Limited on 8 February 2012, has been despatched to all eligible shareholders on the register as at the record date of 7 February 2012.

The Closing Date of the offer is Wednesday, 14 March 2012.

For further information contact:

Steve Boston (Chairman) or Frank Campagna (Company Secretary) Telephone: +61 8 9383 2825 Facsimile: +61 8 9284 5426

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