CENTAURUS METALS LIMITED — Share Issue/Capital Change 2010

Sep 19, 2010

Appendix 3B New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

Name of entity

CENTAURUS METALS LIMITED

ABN

40 009 468 099

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of+securities issued or to be issued 2 Number of+securities issued or to be issued (if known) or maximum number which may be issued 3 Principal terms of the+securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)	Ordinary shares fully paid
	8,119,000 ordinary shares fully paid – part of Tranche 1 of Placement announced on 8 September 2010
	Ordinary shares fully paid that rank equally with existing ordinary shares

• See chapter 19 for defined terms.

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4 Do the+securities rank equally in all respects from the date of allotment with an existing+class of quoted +securities? If the additional securities do not rank equally, please state: the date from which they do the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration 6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets) 7 Dates of entering+securities into uncertificated holdings or despatch of certificates 8 Number and +class of all +securities quoted on ASX (_including_the securities in clause 2 if applicable)	Yes	Yes
	7.5 cents per share
	Placement to fund exploration and development of the Company’s iron ore projects in Brazil
	20 September 2010
	Number	+Class
	692,798,639	Ordinary

• See chapter 19 for defined terms.

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Appendix 3B New issue announcement

9 Number and +class of all +securities not quoted on ASX (_including_the securities in clause 2 if applicable)	Number		+Class
	1,200,000 12,000,000 3,519,392 250,000 500,000 30,000,000 500,000 500,000 500,000 16,000,000 50,000 50,000 100,000 250,000 250,000 500,000 2,400,000 2,600,000 4,000,000 1,000,000 2,825,000 3,325,000 1,150,000 16,000,000 6,500,000 2,500,000 500,000 500,000 700,000 110,169,392		Options expiring 31 December 2010 - exercisable at 22.0 cents Options expiring 27 November 2011 - exercisable at 12.5 cents Options expiring 6 January 2012 - exercisable at 12.5 cents Options expiring 19 March 2012 - exercisable at 11.5 cents - exercisable at 13.5 cents Options expiring 4 August 2012 - exercisable at 3.125 cents Options expiring 20 November 2012 - exercisable at 20.5 cents - exercisable at 24.5 cents - exercisable at 28.5 cents Options expiring 14 February 2013 - exercisable at 10.0 cents Options expiring 29 August 2013 - exercisable at 12.5 cents - exercisable at 15.0 cents - exercisable at 17.5 cents Options expiring 15 December 2013 - exercisable at 10.0 cents - exercisable at 12.0 cents - exercisable at 14.0 cents Options expiring 31 December 2013 - exercisable at 8.0 cents - exercisable at 15.0 cents Options expiring 30 June 2014 - exercisable at 7.0 cents Options expiring 17 July 2014 - exercisable at 5.0 cents - exercisable at 7.5 cents - exercisable at 10.0 cents - exercisable at 12.0 cents Options expiring 31 October 2014 - exercisable at 7.0 cents Options expiring 15 February 2015 - exercisable at 8.0 cents Options expiring 31 March 2015 - exercisable at 8.0 cents - exercisable at 10.0 cents - exercisable at 12.0 cents Options expiring 19 July 2015 - exercisable at 9.5 cents Total

10 Dividend policy (in the case of a Not applicable trust, distribution policy) on the increased capital (interests)

Part 2 - Deleted – Not Applicable

• See chapter 19 for defined terms.

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Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

34 Type of securities ( tick one ) (a)[Securities described in Part 1 (ordinary shares only) ] (b)[All other securities ]

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

35[If the ][+][securities are ][+][equity securities, the names of the 20 largest holders of the ] additional[+] securities, and the number and percentage of additional[+] securities held by those holders 36[If the ] +securities setting out the number of holders in the categories[+][securities are ][+][equity securities, a distribution schedule of the additional ] 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over 37[A copy of any trust deed for the additional ][+][securities ]

Quotation agreement

• 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.

• 2 We warrant the following to ASX.

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• The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

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• There is no reason why those[+] securities should not be granted[+] quotation.

• See chapter 19 for defined terms.

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Appendix 3B New issue announcement

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An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

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• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no-one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

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• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before[+] quotation of the[+] securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

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Sign here: ............................................................ Date: 20 September 2010 Company Secretary

Print name: Geoff James

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• See chapter 19 for defined terms.

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