CAULDRON ENERGY LIMITED — M&A Activity 2018

Nov 15, 2018

16 November 2018

PROJECT ACQUISITION NOT TO PROCEED

Cauldron Energy Limited (ASX: CXU ) ( Cauldron or the Company ) refers to its previously announced acquisition of Marble Bar Lithium and Pippingarra Lithium Project (refer ASX Announcement 5 October 2018). The acquisition was subject to conditions, some of which have not been satisfied. As a result, the parties have agreed to terminate the agreement.

While the Cauldron board is disappointed this lithium acquisition did not finalise, the Company has a number of battery metals projects, including some high value copper-cobalt projects at an advanced stage of negotiation. The Company is confident of finding a new project soon; a project with the potential to improve shareholder value.

This announcement is intended to lift the trading halt requested on the 14 November 2018.

ABN 22 102 912 783 32 Harrogate Street, West Leederville WA 6007

PO Box 1385, West Leederville WA 6901

ASX code: CXU

329,289,708 shares 20,000,000 unlisted options

Board of Directors

Tony Sage Non-Executive Chairman

END

Jess Oram Executive Director & Chief Executive Officer

Qiu Derong Non-executive Director

Judy Li Non-executive Director

Nicholas Sage Non-executive Director

Chenchong Zhou Non-executive Director

Management

Catherine Grant-Edwards Company Secretary

32 Harrogate Street, West Leederville WA 6007 Ph: (+618) 9380 9555 Fax: (+618) 9380 9666 PO Box 1385, West Leederville WA 6901 Web: www.cauldronenergy.com.au