Celsius Resources Limited — Board/Management Information 2018

Feb 1, 2018

ASX RELEASEASX RELEASE | 2 February 2018 | 16 February 2017

APPOINTMENT OF PROJECT DEVELOPMENT MANAGER

Celsius Resources Limited (“Celsius” or “the Company”) is very pleased to advise that Mr. Edward Legg has been appointed as Project Development Manager for its 95% owned Opuwo Cobalt Project (“Project”) in Namibia.

Edward has 20 years’ experience, developing and managing mining projects in Southern Africa, but more specifically in South Africa, Zambia, and the DRC. Edward spent the first 14 years of his career in large South African corporations focused on deep level gold mining followed by a short time in Anglogold/Anglo Platinum in both executive and technical roles. Thereafter he moved into developing smaller projects for both base metals and industrial minerals in Southern Africa.

He was the Operations Director of a junior listed mining company (Metorex Ltd) up to 2008 where he oversaw the expansion of operations in Zambia and developed the Ruashi Copper Cobalt Mine in the DRC, after which he joined Vale and ARM to develop the Lubambe Copper Mine in Zambia. Since 2014, Edward has provided a specialist consulting service to various developing mineral projects and mines in Southern Africa.

Edward is a Mining Engineer (BSc Mining Engineering), possesses a Masters of Business Administration (MBA), is a Professional Engineer (ECSA), and a Fellow of the Southern African Institute of Mining and Metallurgy.

His primary role as Project Development Manager will be to manage and finalise the Opuwo Scoping Study, and to lead subsequent feasibility studies as the Company progresses the project toward development.

Celsius Managing Director, Brendan Borg commented:

“We are very pleased to welcome Edward to the Celsius team. He brings a wealth of knowledge and experience in evaluation and development of copper and cobalt projects in Africa. His experience in the construction, development and expansion of copper-cobalt mines, including underground operations, adds key expertise to our senior management team. His appointment will greatly assist in rapidly advancing the Opuwo Project to take advantage of the continuing strong demand and pricing outlook for cobalt.”

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