CRITICAL RESOURCES LIMITED — Board/Management Information 2019

Jul 22, 2019

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23 July 2019 ASX Announcements Office 152–158 St Georges Terrace Perth WA 6000 Australia

APPOINTMENT OF SIMON GRANT-RENNICK TO THE BOARD

Force Commodities ( Force or the Company ) ( ASX Code: 4CE ) is pleased to announce the appointment of Mr Simon Grant-Rennick to the Board of the Company, as a Non-Executive Director effective 1 August 2019.

Since 22 May 2019, Mr Grant-Rennick has been retained by the Company as its metals trading and marketing specialist and has assisted the Company in its extensive discussions with global commodity trading groups in regards to offtake and marketing arrangements for the sale of lead and silver from recently acquired high-grade Tshimpala Project in Malawi.

In this role as metals trading and marketing specialist for the Company, Mr Grant-Rennick actively managed and oversaw the negotiation and execution of the binding Offtake Agreement that was recently concluded with Swiss-based independent global commodities trading group Transamine Trading SA for all high-grade lead and silver ore produced from the Tshimpala Project (refer ASX Announcement dated 17 July 2019).

Mr Grant-Rennick is a mining engineer with over 40 years’ experience in exploration, mining and mining geology and finance, specialising in base metals and industrial minerals. Mr Grant-Rennick has for over four decades worked in the international commodities markets with groups such as Leopold Lazarus as a metal trader, with SGS as a UK manager of their minerals division, and with Falconbridge International as raw materials marketing manager based in Bermuda.

As a Non-Executive Director, Mr Grant-Rennick will receive remuneration of $36,000 per annum for his services, with an agreed share-based incentive package to be determined by the Company’s Remuneration Committee. The share-based incentive package will be linked to key performance milestones and production achievements at the Tshimpala Project and will be subject to shareholder approval.

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Contact:

Jason Brewer David Tasker Managing Director Chapter One Advisors Force Commodities Limited Tel: +61 433 112 9036 Tel: +61 (0) 8 6462 1421 Em: dtasker@chapteroneadvisors.com.au

Force Commodities Ltd | Ground Floor, 20 Kings Park Road, West Perth, WA, 6005 | PO Box 1024 West Leederville WA 6007 Ph: +61 8 6462 1421 | F: +61 8 6323 3347 | web:forcecommodities.com.au | ABN 12 145 184 667 | ASX:4CE

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Forward looking statements

Information included in this release constitutes forward-looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs.

Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licences and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation.

Forward looking statements are based on the Company and its management’s good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company’s business and operations in the future. The Company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the Company’s business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the Company or management or beyond the Company’s control.

Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the company does not undertake any obligation to publicly update or revise any of the forward looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.

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