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Celsius Resources Limited Capital/Financing Update 2017

Jan 26, 2017

10450_rns_2017-01-26_4e59ae29-d488-4099-b6ed-d1b26827487c.pdf

Capital/Financing Update

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27 January 2017

The Manager Companies Announcements Office Australian Securities Exchange

Dear Sir/Madam

In accordance with the requirements of ASX listing rule 3.10.5A the following information is provided in relation to the Appendix 3B that was lodged on 28 December 2016:

The dilution to existing shareholders, as a result of the issue under Listing Rule 7.1A is 1,461%, dilution to existing shareholders as a result of the issue under Listing Rule 7.1 is 2,191% and the total dilution to existing shareholders as a result of the issue is 3,652%.

Details of the approximate percentage of the issued capital following the completion of the issue held by pre-issue shareholders and new shareholders are as follows:

Pre-issue shareholders who did not participate in the 7.1A issue 100%
Pre-issue shareholders who did participate in the 7.1A issue 0%
Participants in the 7.1A issue who were not previously shareholders 100%

The Company issued the shares as part of the Supplementary Prospectus that was lodged on the ASX on 30 November 2016.

No underwriting arrangements were in place for the issue; and

There was a 6% capital raising fee payable in relation 42% of the capital raised ($41,343).

Yours faithfully,

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Ranko Matic Non-Executive Director Company Secretary

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