Celsius Resources Limited — Capital/Financing Update 2005

Aug 21, 2005

22 August 2005

Company Announcements Office Australian Stock Exchange Ltd 20 Bond Street SYDNEY NSW 2000

By e-lodgement

VIEW SELLS COOGEE TENEMENTS

The Directors of View Resources Limited (ASX: VRE) are pleased to announce that following an open tender process, the company has sold its "Coogee" tenements for \$420,000.

View purchased these assets in 2003 for \$240,000.

"Sale of these assets will further strengthen our cash position and it is part of an ongoing process designed to keep our focus on our core business which is maximising returns from our nickel mines and progressing with the Bronzewing feasibility study", Managing Director of View Resources Ltd Mr. Derek Lenartowicz said.

Ends

View Resources Ltd is a nickel and gold mining exploration company that aims to quickly turn projects into cash generating mines. View owns the Carnilya Hill and Zone 29 nickel mines, which are located in the world renowned Kambalda Nickel Province.

Facsimile: (08) 9226 4655 Level 12, London House 216 St Georges Tce, Perth WA 6000 ABN 95 009 162 949

PO Box 7656 Cloisters Square WA 6850