CRITICAL RESOURCES LIMITED — Capital/Financing Update 2019

Dec 18, 2019

==> picture [131 x 74] intentionally omitted <==

19 December 2019

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

TSHIMPALA PROJECT - SAMPLING AND DRILLING UPDATE

==> picture [364 x 273] intentionally omitted <==

Figure 1: RC Drilling at the Small Canyon Prospect at the Tshimpala Project in Malawi

Force Commodities Limited ( Force or the Company ) ( ASX Code: 4CE ) advises that further samples from the Company’s maiden reverse circulation ( RC ) drilling program at the high-grade lead and silver Tshimpala Project located in the Dowa District of the Republic of Malawi ( Tshimpala Project ) have been prepared and are to be despatched to SGS Australia Pty Ltd for analyses.

Drilling at the Tshimpala Project commenced in the current quarter and has been undertaken under an agreement with South African based drilling and exploration specialists Georoc Pty Limited ( Georoc ).

Drilling has continued over the quarter and has been focused on the Small Canyon Prospect located on Exclusive Prospecting License EPL 0479. Drilling at the Grand Canyon, and Riverside Prospects will continue through into the next quarter.

Force Commodities Ltd | Ground Floor, 20 Kings Park Road, West Perth, WA, 6005 | PO Box 1024 West Leederville WA 6007 Ph: +61 8 6426 1421 | F: +61 8 6323 3347 | web:forcecommodities.com.au | ABN 12 145 184 667 | ASX:4CE

==> picture [101 x 57] intentionally omitted <==

==> picture [146 x 194] intentionally omitted <==

==> picture [259 x 194] intentionally omitted <==

Figures 2 and 3: Sample Preparation at the Tshimpala Project’s Small Canyon Prospect

Samples from the RC drilling at the Small Canyon Prospect have been prepared at the Company’s offices for despatch next week to Perth for analyses at SGS Australia Pty Ltd’s facilities.

==> picture [228 x 170] intentionally omitted <==

==> picture [227 x 170] intentionally omitted <==

==> picture [228 x 170] intentionally omitted <==

==> picture [227 x 170] intentionally omitted <==

Figures 4, 5,6 and 7: Sample Storage and Preparation at the Company’s Tshimpala Project

Assay results from samples taken from the RC drilling program will be received in the next quarter.

2

==> picture [101 x 57] intentionally omitted <==

Lead assay results will be obtained by the CON11V, lead by acid digestion and EDTA titration method and the silver assays determined by the FAG35V fire assay method, which consists of two consecutive pyrochemical separations. This assaying methodology is consistent with the analyses that was completed on high grade grab samples of galena mineralisation taken at the Grand Canyon Prospect at the Tshimpala Project last quarter which reported high silver grades of 1,180g/t in galena samples in October 2019 (refer ASX Announcement dated 8 October 2019).

The Company will continue to update shareholders on the progress of its RC drilling and status of the sample assaying at the Tshimpala Project, as well as its other exploration activities and site works.

If you have any queries please contact the Company on +61 8 6426 1421

Authorised by The Board of Force Commodities Limited

For further information please contact:

Jason Brewer Managing Director Force Commodities Limited

Tel: +61 (0) 8 6426 1421

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.

3