CENTAURUS METALS LIMITED — Capital/Financing Update 2021

Oct 21, 2021

AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

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22 October 2021

FURTHER KEY PROPERTY SECURED AT JAGUAR

Centaurus Metals (ASX Code: CTM ) is pleased to announce it has secured possession of a further key piece of land covering its 100%-owned Jaguar Nickel Sulphide Project in northern Brazil following the completion of a new Possession Agreement.

This latest agreement, which follows the first two properties secured in March and April this year, covers an area of approximately 533 hectares of pasture land (see images below) and provides further security of land possession for the long-term benefit of the Jaguar Project. Importantly, the new agreement covers the land where the proposed Jaguar flotation and nickel sulphate production facility is to be located.

Together with the land secured earlier in the year (see ASX releases of 25 March and 23 April 2021), the Company now has possession rights and access to over 2,000 hectares of land at Jaguar. Securing full possession rights to the key properties de-risks the Company’s development pathway at Jaguar.

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Australian Office Centaurus Metals Limited Level 2, 1 Ord Street West Perth WA 6005 AUSTRALIA @CentaurusMetals

Brazilian Office ASX: CTM Centaurus Brasil Mineração Ltda ACN 009 468 099 Avenida Barão Homem de Melo, 4391 office@centaurus.com.au Salas 606 e 607 - Estoril T: +61 8 6424 8420 CEP: 30.494.275, Belo Horizonte MG BRAZIL

Centaurus Metals

AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT & MEDIA RELEASE

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The possession rights under this latest agreement have been secured for total consideration of R$10.4 million (~A$2.5 million), with the consideration to be paid in instalments over the next two years. An upfront consideration of R$5.0 million (~A$1.2 million) has now been paid. The land payments have been budgeted for as part of planned Feasibility Study activities.

From an exploration perspective, eight diamond rigs are now operating on site continuing to drill both in-fill and step-out extensional holes at the Project that will underpin the next resource upgrade, planned and on schedule for December 2021. Presently, a single RC rig continues to drill the extensive suite of greenfields targets identified across the tenement area.

For further information on the Company please visit www.centaurus.com.au to view our latest corporate presentation or contact:

-ENDS-

For further enquiries please contact: Nicholas Read Read Corporate M: +61 419 929 046 T: +61 8 9388 1474 info@readcorporate.com.au

Authorised for release by: Darren Gordon Managing Director Centaurus Metals Ltd T: +61 8 6424 8420 office@centaurus.com.au