CENTAURUS METALS LIMITED — Capital/Financing Update 2018

Mar 26, 2018

AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

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27 March 2018

EXPIRY LETTER TO LISTED OPTION HOLDERS

Centaurus Metals Limited (ASX: CTM) (“Centaurus” or “the Company”) advises that its listed options (CTMOA), exercisable at 1 cent each are due to expire on 30 April 2018.

In accordance with ASX Listing Rule 6.24 the attached letter has been provided to the holders of the listed options.

‐ENDS‐

For further enquiries please contact:

Paul Bridson

Company Secretary Centaurus Metals Limited T: +61 8 9420 4000

Australian Office Centaurus Metals Limited Level 3, 10 Outram St WEST PERTH WA 6005

Brazilian Office Centaurus Brasil Mineração Ltda Avenida Barão Homem de Melo, 4391 Salas 606 e 607 ‐ Estoril Belo Horizonte ‐ MG ‐ CEP: 30.494.275 BRAZIL

ASX: CTM ACN 009 468 099 office@centaurus.com.au Telephone: +61 8 9420 4000

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27 March 2018

Dear Option Holder

EXPIRY OF OPTIONS ‐ CTMOA

You are the registered holder of the above mentioned listed options in Centaurus Metals Limited ( CTM ) expiring on 30 April 2018.

1. These options entitle you to acquire one fully paid ordinary share in the capital of CTM for each option you choose to exercise.

2. The exercise price of these options is 1 cent each (A$0.01).

3. The due date for payment is 5.00pm WST on 30 April 2018 ( due date ).

4. There is no obligation upon the holder to exercise their options, however, if payment is not received by the due date the options will lapse and all rights under the options will cease at that time.

5. The options will cease to be quoted on ASX from close of trading on 23 April 2018.

6. The market price of ordinary fully paid shares in CTM on the Australian Securities Exchange ( ASX ) was A$0.011 on 26 March 2018, being the last trading day in CTM prior to the dispatch of this letter.

7. During the three months preceding the date of this notice the highest market price of ordinary fully paid shares in CTM on ASX was A$0.017 on 2 February 2018, and the lowest market price was A$0.006 on 27 December 2017.

If you wish to exercise your options then you must complete an application for shares on exercise of options and forward it together with payment of 1 cent per option exercised to be received no later than 5.00pm AWST on 30 April 2018 to the Company’s share registry:

Advanced Share Registry Services P O Box 1156

Nedlands WA 6909

Payment of the exercise price is able to be made by either cheque or BPay. BPay details are included in the option exercise form. Please return your completed form to Advanced Share Registry for reconciliation purposes regardless of the payment method chosen.

The Company encourages you to seek your own professional advice in deciding whether or not to exercise your options.

If you have any questions regarding the exercise of your options please contact the undersigned on +61 8 9420 4000 or Advanced Share Registry on +61 8 9389 8033.

Yours faithfully,

CENTAURUS METALS LIMITED

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PAUL BRIDSON Company Secretary

Australian Office Brazilian Office ASX: CTM Centaurus Metals Limited Centaurus Brasil Mineração Ltda ACN 009 468 099 Level 3, 10 Outram St Avenida Barão Homem de Melo, 4391 office@centaurus.com.au WEST PERTH WA 6005 Salas 606 e 607 ‐ Estoril Telephone: +61 8 9420 4000 Belo Horizonte ‐ MG ‐ CEP: 30.494.275 BRAZIL