Celsius Resources Limited — Capital/Financing Update 2014

Apr 28, 2014

29[th] April 2014

The Manager ASX Market Announcements Australian Stock Exchange Limited PO Box H224 Australia Square SYDNEY NSW 2000

Dear Sir/Madam,

UPDATE ON VOLUNTARY SUSPENSION CELSIUS COAL LIMITED (ASX: CLA)

Following on from the announcement made on 7[th] April 2014, the company would like to advise that it is taking longer than first anticipated to finalise matters regarding its existing and future funding arrangements.

It is expected that these matters should be finalised within the next 7 days, at which time an announcement will be made, after which the Company would expect its securities to be trading.

The Company would like to thank its shareholders and other interested parties for their patience in this matter.

Yours faithfully,

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Ranko Matic Non-Executive Director Company Secretary