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Celsius Resources Limited Capital/Financing Update 2020

Dec 6, 2020

10450_rns_2020-12-06_ef0984b0-9c33-461e-9684-748137486c03.pdf

Capital/Financing Update

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7 December 2020

The Manager

ASX Market Announcements

Australian Securities Exchange Limited

Dear Sir/Madam,

RELEASE FROM VOLUNTARY ESCROW

Celsius Resources Limited ( Celsius or the Company ) (ASX:CLA) confirms the following securities have been released from voluntary escrow on 7 December 2020:

Ordinary shares fully paid 10,000,000

The above shares were previously issued as part of the acquisition of the Cullarin West Project completed in June 2020.

This announcement has been authorised by Melanie Ross, Company Secretary.

Yours faithfully

Celsius Resources Ltd

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Melanie Ross

Company Secretary

Level 2, 22 Mount Street P: +61 8 6188 8181 Perth WA 6000 F: +61 8 6188 8182 PO Box 7054 E: [email protected] Cloisters Square Perth WA 6850 www.celsiusresources.com.au