CENTAURUS METALS LIMITED — Capital/Financing Update 2014

May 7, 2014

AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

==> picture [125 x 57] intentionally omitted <==

8 May 2014

SHARE PURCHASE PLAN CLOSED

Centaurus Metals Limited (ASX: CTM) (“Centaurus”) advises that the Share Purchase Plan (“SPP”) announced last month closed on 5 May 2014. The Company received applications for a total of 4,240,000 shares raising $530,000.

The funds raised, in conjunction with the proceeds of the $5.0 million share placement completed in April 2014, will be used to maintain the current development momentum at Centaurus’ flagship Jambreiro Iron Ore Project in south‐east Brazil while it completes the main debt and equity funding package to facilitate the Project’s development.

The funds will also be used to underpin drilling, approvals and other pre‐development activities at the Candonga Satellite Project, located 35km from Jambreiro, where Centaurus has recently identified the potential to develop a valuable small‐scale DSO operation. This will complement the Jambreiro Project development and expand Centaurus’ near‐term production profile in south‐eastern Brazil.

Final allotment of shares and dispatch of holding statements for the SPP is expected to occur on 13 May 2014.

‐ENDS‐

For further details please contact:

Darren Gordon or Geoff James Managing Director Company Secretary +61 8 9420 4000

==> picture [510 x 79] intentionally omitted <==