Celsius Resources Limited — Capital/Financing Update 2005

Apr 20, 2005

21 April 2005

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

By E-Lodgement

VIEW INCREASES BRONZEWING HOLDINGS

The Directors of View Resources Limited are pleased to announce the purchase of a number of tenements adjacent to its Bronzewing project north east of Kalgoorlie in Western Australia, consolidating its holdings in the region.

As part of the Bronzewing acquisition process with Newmont Yandal Operations Pty Ltd ("Newmont Yandal"), the Company has acquired a controlling (70%) interest in the Jundee joint venture with Bronzewing's discoverer and renowned prospector Mark Creasy. The acquisition consideration for the joint venture tenements from Newmont Yandal is \$500,000. View has also purchased the Newmont interest (79.6%) in the Mandilla Well joint venture north of Bronzewing for \$50,000.

The Jundee JV tenements comprise ground to the east, north and west of the Bronzewing treatment plant and village. The tenements included granted exploration and mining leases with an area of 221 square kilometres, and a series of mining lease applications.

The acquisition of these tenements takes View Resources holding in the area to over 730 square kilometres of granted tenements. The tenement holding is shown in diagram 1.

In addition to already identified prospects, opportunity exists for further discovery potential on the JV area.

View Resources' Managing Director Derek Lenartowicz commented: "The acquisition of these tenements puts in place the last piece of the jigsaw puzzle of tenements surrounding Bronzewing and reaffirms View Resources' confidence in this very prospective region".

"The tenements which are adiacent to Bronzewing have previously been explored with significant mineralisation defined. We will be examining all of that data and developing a program to quantify resources".

The finalisation of the joint venture agreements is the culmination of nearly 12 months negotiations. Joint venture partner Mark Creasy commented

"Having been involved in the Bronzewing area over many years I am convinced that there is still a fot of unrealised potential. I am delighted that View Resources share my confidence and look forward to seeing the results of their further work on the tenements.'

Telephone: (08) 9226 4611 Facsimile: (08) 9226 4655

Level 12, London House 216 St Georges Tce, Perth WA 6000 ABN 95 009 162 949

Postal Address PO Box 7656 Cloisters Square WA 6850 This program will complement other work View Resources currently has underway to progress the reopening of the Bronzewing mine and plant.

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Previous exploration has defined mineralisation on the Jundee JV tenements at the Cyclonic prospect 9km NE of the Bronzewing plant and in the Mt Joel area 12 - 18km NE from the Bronzewing plant. Best intersections from these areas are:

								Downhole
Prospect	Hole ID		East (AMG 84) North (AMG 84)	RL (AMG 84)	Dip	Azimuth	Depth From (m)	Intersection (m)	Au g/t
Mt Joel	IGJRCOO2	305453.6	6966496.5	486.5	-60	270	16	12	213
	IGJRC182	307858.8	6979517.7	479.2	-60	270	31	15	3.08
	IGJRC255	307644.6	6961137.5	481.0	-60	270	119	13	6.00
	GJRC321	307788.8	6980467.4	479.8	-60	270	61	13	211
	GJRC465	307669.4	6981865.0	480.8	$-60$	270	15	10	5.11
	IGJRC733	207505.2	6932654.0	479.5	-60	270	89	22	3.59
	IGJRC915	306692.6	6984320.4	479.4	-60	234	28	13	5.50
	IGJRC915	306692.6	6984320.4	479.4	-60	234	71	8	13.80
Cyclonic	BWRC2650	307109.1	6977401.6	479.6	-60	270	128	17.0	21.93
	BMRC2932	306971.5	6977443.9	479.7	-60	90	115	17.0	4.65
	BMRC2939	306961.0	6977561.4	478.2	-60	270	103	8.0	7.52
	BWRC2964	307001.2	6977523.2	478.0	-60	270	110	13.0	6.59
	BMRC2967	306921.9	6977604.0	479.4	-60	270	108	40	11.37
	IBMRCD3029	3068728	6977622.0	479.7	-60	141	97.8	6.5	9.97
	BMRCD3071	306964.3	6977492.2	479.8	-80	312	94	40	25.62

The joint venture tenements are:

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	Active	Tenement
Project	Tenements	Applications
Jundee JV	E 36/161 E 53/224 M 36/320 M 36/321 M 36/322 M 36/323 M 53/292 M 53/293 M 53/294 M 53/295 M 53/296 M 53/297 M 53/373 M 53/374 M 53/375 M 53/393	M36/355 M36/356 M36/357 M36/358 M36/359 M36/360 M36/361 M 36/426 M 53/544 M 53/547 M 53/548 M 53/549 M 53/551
Mandilla Well JV	M 53/97 M 53/98 M 53/99
التمرير	(08) 9226 4611		Postal Address
Telephone: Facsimile:	(08) 9226 4655	Level 12, London House 216 St Georges Tce, Perth WA 6000	PO Box 7656

ABN 95 009 162 949

Cloisters Square WA 6850

About View Resources

View Resources is a nickel and gold mining company that aims to quickly transform projects into cash operations. View Resources operates Carnilya Hill and Zone 29 nickel operations. located in the rich Kambalda nickel province and has secured the Bronzewing gold project from Newmont Australia.

For further information contact:

Derek Lenartowicz, Managing Director Ph: (08) 9226 4611 Peter Rowe, Gryphon Management Australia Pty Ltd Ph: (08) 9382 8300 / 0417 931 254

Note: The information in this announcement that relates to exploration results is based on information compiled by View Resources Limited Chief Geologist, Geoff Chapman who is a member of the Australian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC Code.

Yours faithfully

DEREK LENARTOWICZ Managing Director