CRITICAL RESOURCES LIMITED — Capital/Financing Update 2017

Nov 5, 2017

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6 November 2017

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

Kitotolo Lithium Project Update

• Formal joint venture agreement drafted and expected to be finalised this week whilst non-executive director Jason Brewer is in DRC to meet and update Cominiere SA senior personnel

• Planning for maiden exploration program completed, and the Company’s Head of Exploration, James Sullivan, on site preparing to commence exploration activities

• Maiden exploration program to include test-pitting and trenching to sample and assay the fresh spodumene in pegmatite and to determine the length and width of strike extensions of the pegmatites, which are open in all directions and are considered to potentially extend for several kilometres along a NE-SW trend

• Work will initially focus on the area surrounding a large artisanal pit where the Company’s geological team observed spodumene in pegmatite and collected rock chip samples that returned high-grade lithium mineralisation

• The high-grade results and extent of near surface mineralisation in predominantly weathered pegmatites, combined with the projects exceptional location within 40km of AVZ Minerals’ ‘world-class’ Manono and Kitotolo deposits, underscores the significant potential of the Company’s Kitotolo Lithium Project

Force Commodities Ltd ( Force or the Company ) (ASX Code: 4CE) is pleased to provide an update on its Kitotolo Lithium Project located in in Tanganyika Province in the south east of the Democratic Republic of Congo ( DRC ).

Planning for Maiden Exploration Program this CY2017

As foreshadowed in previous announcements, following the receipt of assay results confirming high grade lithium mineralisation in the pegmatite walls of a large artisanal pit located in the north of the Project area, the Company has been planning a test-pitting and trenching program to take place this calendar year.

Logistics and supplies are being organised and are now largely complete.

Force Commodities Ltd | 137 Lake Street, Northbridge, WA, 6003 | PO Box 1811 West Perth WA 6872 | P: +61 8 9328 9368 F: +61 8 6323 0418 | web:forcecommodities.com.au | Email: admin@forcecommodities.com.au | ABN 12 145 184 667 | ASX:4CE

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The Company’s recently appointed Head of Exploration James Sullivan is on site in the DRC and is planning to implement an aggressive exploration program, with a strong emphasis on the application of modern exploration technologies, to evaluate the Project’s potential.

Initially, the Company will be undertaking eleven (11) lines of test-pitting ( Phase 1 ), at 100m intervals, with each line 1km long for a total of 121 test pits (refer plan below). The test-pitting is designed to cover a wide area quickly and to expose bedrock geology for geochemistry sampling and gain structural information under the lateritic cover.

It is further intended to assist in determining the length and width of strike extensions of the identified pegmatites, which are currently open in all directions and are considered to potentially extend for several kilometres along a NE-SW trend.

Follow-up infill trenching ( Phase 2 ) will be carried out to add continuous geological understanding of insitu pegmatites and for sampling mineralisation across the exposed and inferred strike of the pegmatite trend.

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Plan 1: Test-pit design centred over large artisanal pit

The planned exploration for both Phase 1 and Phase 2 including the test-pits and trenching will be carried out using a large excavator and will initially focus in close proximity to the existing lithium mineralisation outcropping in historical workings as previously reported (refer ASX Announcement dated 9 October 2017 - Assays Confirm High Grade Lithium Mineralisation at Kitotolo).

The Company is proposing further regional test-pitting and trenching ( Phase 3 ) using wider step outs based on the results of Phases 1 and 2, also on the NE-SW trend. This will assist in determining the regional strike length potential of the pegmatite mineralisation within the Project area.

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The aim of the test-pits and trenching will be to assist in reaching insitu bedrock for logging and geochemistry sampling, below the regional lateritic cover and provide invaluable information to assist in further exploration phases, including drilling following the wet season.

The Company will also be establishing a modern field camp, able to support exploration and maximise exploration and logistic activities in the vicinity of the Katamba-Kaboko village.

Joint Venture Agreement

Immediately following the Company’s General Meeting on 10 October 2017, the Company issued a formal notice to Cominiere SA of its decision to Proceed with the acquisition of the Kitotolo Lithium Project and our desire for the joint venture agreement to be finalized as soon as possible so that we can commence exploration this calendar year.

Since that notification, the parties’ lawyers have been working on the formal joint venture documentation and on the associated joint venture legal and administrative formalities, including the incorporation and registration of the local joint venture company, exploration and mining license transfers and appointment of public officers and key personnel.

With non-executive director Jason Brewer in the DRC this week it is expected that the joint venture agreement can be finalised and executed.

END

Contact:

Michael Fry

Company Secretary Force Commodities Limited Tel: +61 (0) 8 9328 9368

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Competent Person Statement

The information in this release that relates to sampling techniques and data, exploration results, geological interpretation and Exploration Targets, Mineral Resources or Ore Reserves has been compiled by Mr James Sullivan is a member of the Australian Institute of Geoscientists. Mr Sullivan is engaged by Force Commodities as a consultant geologist.

Mr Sullivan has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Sullivan consents to the inclusion in this report of the matters based on information in the form and context in which it appears.

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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