Celsius Resources Limited — Capital/Financing Update 2012

Aug 27, 2012

MEDIA RELEASE/ASX ANNOUNCEMENT

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28 August 2012

VARIATION TO THE HEADS OF AGREEMENT

View Resources Limited ( View or the Company ) wishes to advise that it has now entered into a variation to the Heads of Agreement (as previously agreed on 18 June 2012) with Kokkia Coal Limited ( Kokkia ) and its shareholders ( Vendors ). The revised agreement concerns (amongst other things) amended terms for satisfaction of the staged commitments and fine tuning of performance milestones for the Performance Shares. However, the Company will still be entitled to acquire an 80% interest in Kokkia, which in turn holds a 100% interest in three prospective coal tenements located in the Uzgen Coal basin in Kyrgyzstan (being, Tuyuk-Kargasha, Kokkia and Min-Teke) ( Acquisition ). Furthermore, the consideration payable to the Vendors remains unchanged.

A detailed summary of the material terms of the (revised) Heads of Agreement will be set out in the Company’s notice of general meeting to be despatched to shareholders within the coming days. It is intended that the general meeting be held in late September 2012 to approve the Acquisition ( General Meeting ).

As at the date of this announcement, the following conditions precedent to the Acquisition remains to be satisfied:

• (a) shareholder approval for the Acquisition (including approval for the issue of the consideration shares and performance shares to the Vendors) at the General Meeting); and

• (b) as at the date of the General Meeting, each of the Tuyuk-Kargasha, Kokkia and Min-Teke licences remaining in good standing and otherwise no material adverse event occurring in relation to the licences (or the entities that hold the licences).

Provided these remaining conditions are satisfied (or waived), settlement of the Acquisition (whereby View will acquire an 80% interest in Kokkia) is intended to occur within the week following the General Meeting.

AUTHORISED BY:

Ranko Matic Company Secretary

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Level 1, 12 Kings Park Road, West Perth WA 6005 PO Box 44, West Perth WA 6872 Ph: (08) 9226 4500 Fx: (08) 9226 4300 ACN 009 162 949

ABOUT VIEW RESOURCES

View Resources is an Australian-based exploration company that was initially focused on the exploration, evaluation and exploitation of nickel deposits and other minerals located in Western Australia.

View recently acquired a 90% interest in the Sary Mogol and Bel Alma coal licences located in Southern Kyrgyzstan.

In addition to its existing assets, the Company continues to actively pursue new projects in the resources sector, not only in Australia and Kyrgyzstan, but elsewhere in the world, with the hope of subsequently developing mining operations on those projects.

Details of the Company’s current projects are detailed in its recent June Quarterly Activities Report located on the Company’s ASX announcements platform (ASX Code: VRE).

For more information, please visit www.viewresources.com.au or contact Mr Ranko Matic, Company Secretary on +61 (08) 9226 4500.