Celsius Resources Limited — Capital/Financing Update 2013

Sep 30, 2013

– EXPLORATION UPDATE KOKKIA DRILL HOLE WITH

RECORD COAL THICKNESSES

• Record new coal intersections from Celsius drilling in the previously undrilled Kokkia license area

• 2013 physical exploration activities progressing as scheduled, nearing completion

• Laboratory tests now commencing

• Ongoing exploration and development activities fully funded

Celsius Coal Limited (ASX Code: CLA) ( Celsius or the Company ) is pleased to provide an update on exploration activities at its Uzgen Basin Coking Coal Project in Kyrgyz Republic.

The Company’s physical exploration season for 2013 commenced in July 2013 and is on track to be completed in a few weeks. Following the completion of physical exploration (mapping, drilling) the work programme will comprise coal assaying and other coking testwork to determine quality parameters as well as interpretation of drilling results and modelling of geology and correlation of coal seams. As previously announced, the focus of this year’s program is to target areas that are most prospective for higher value coals and early production.

Celsius has already observed some encouraging results in the 2014 drilling to date based on visual observations. In particular the Company recently completed the fourth hole at the Kokkia prospect, DDKK0004, which yielded what the Company regards as record observed cumulative coal thickness for the area. DDKK0004 intercepted a total of 16.5 metres of coal, with four intersections in excess of one metre and maximum coal thickness of approximately two metres, subject to confirmation by interpretation of geophysical logs and analytical data.

Commenting on the Kokkia work program, Technical and Operations Director Mr. Alistair Muir said “we have had some very pleasing results from the work completed so far. All drill holes in the previously undrilled Kokkia area have intercepted coal formations. Drill hole DDKK0004 is a particularly good one and based on historical geological data we think this may well be a record for the area in terms of total thickness of coal intersection.”

Executive Chairman, Mr Alexander Molyneux added “I am pleased with how well the current program has progressed, and the coal intersections that have been recorded to date. Samples are now progressively being sent to the lab and we will be publishing detailed results as they come through in the fourth quarter.”

Figure 1: Coal intersection from drill hole DDKK0004.

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Figure 2: Location of drill hole DDKK0004.

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DDKK0004 – 16.5m
Cumulative coal intersection
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ABOUT CELSIUS COAL

Celsius Coal Ltd is focused on developing coking and thermal coal deposits in the Kyrgyz Republic.

Celsius owns 80% of its Uzgen Basin Coking Coal Project (comprising: Kargasha; Kokkia; and Min Teke), which cover an established Soviet-era coking coal resource. It also owns 90% of its Alai Range Projects (comprising: Sary Mogol and Bel Alma).

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

COMPETENT PERSON STATEMENT

The information in this announcement that relates to drilling results is based on information provided by Mr. Alistair Muir, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy. Mr. Muir is the Technical and Operations Director of Celsius Coal Limited. Mr. Muir has sufficient experience that

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is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Muir consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.

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