Celsius Resources Limited — Capital/Financing Update 2020

May 18, 2020

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19 May 2020

The Manager

Announcements Company Announcements Office Via: ASX online

Dear Sir/Madam,

Expiry of Unlisted Options

The Company advises that 6,000,000 unlisted options in the Company expire on 19 May 2020 as follows:

• 2,000,000 unlisted options exercisable at $0.075

• • 2,000,000 unlisted options exercisable at $0.10

• 2,000,000 unlisted options exercisable at $0.125

Yours faithfully,

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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: info@celsiusresources.com.au Cloisters Square Perth WA 6850 www.celsiusresources.com.au