Celsius Resources Limited — Capital/Financing Update 2005

Dec 22, 2005

23 December 2005

Manager Company Announcements Australian Stock Exchange Level 6, 20 Bridge Street SYDNEY NSW 2000

By E-Lodgement

S708A NOTICE

The Company recently issued 10,000,000 Ordinary Fully Paid Shares and 5,000,000 Listed Options (20 cents, 30 June 2008) to AMP Capital Investors Limited.

For the purposes of section 708A of the Corporations Act 2001 (Cth) ("Act"), the Company has allotted the Shares without disclosure to investors under Part 6D.2 of the Act, and provides this notice in accordance with section 708A(5)(e). Further at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act. In addition, at the date of this notice there is no 'excluded information' (as defined by section 708A(7) and (8) of the Act), required to be disclosed by the Company.

Yours faithfully

Peter Landau Company Secretary

For further information contact:

Derek Lenartowicz, Managing Director (08) 9226 4611