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Celsius Resources Limited M&A Activity 2004

May 25, 2004

10450_rns_2004-05-25_7d4f7464-e3cd-422c-a828-5adb34961846.pdf

M&A Activity

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26 May 2004

Company Announcements Office Australian Stock Exchange Ltd 20 Bond Street SYDNEY NSW 2000

By e-lodgement

No. of Pages: 1

RESPONSE TO MEDIA ARTICLE 26 MAY 2004

In response to a newspaper article which appeared in the West Australian newspaper on 26 May 2004, View Resources Limited ("Company") confirms that it is in negotiations with Newmont Australia Limited ("Newmont") regarding the potential acquisition of the Bronzewing gold mine.

The Company will make a further announcement upon conclusion of the negotiations with Newmont.

Yours faithfully

Derek Lenartowicz Managing Director