CRITICAL RESOURCES LIMITED — Capital/Financing Update 2019

Aug 20, 2019

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21 August 2019 ASX Announcements Office 152–158 St Georges Terrace Perth WA 6000 Australia

DRILLING CONTRACT EXECUTED FOR RESOURCE DEFINITION DRILLING AT TSHIMPALA PROJECT IN MALAWI

Force Commodities ( Force or the Company ) ( ASX Code: 4CE ) is pleased to announce that is has entered into an agreement with South African based drilling and exploration specialists Georoc Pty Limited ( Georoc ), to complete its planned 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 ).

The Company has committed to undertaking an initial 150-hole drilling program that will comprise an initial 2,000 m of RC drilling of 140 mm diameter. A further program of 500m of RC drilling is anticipated to immediately follow and target encouraging areas identified from results of initial 2,000m program. The RC holes will comprise shallow vertical holes to depth of up to 15m and shallow angled holes of a depth of up to 25m.

The drilling program forms part of the Company’s proposed exploration activities at the Tshimpala Project which will initially be conducted across three sites on EPL 0479 – the Grand Canyon, Riverside and Small Canyon prospects and as set out in the Company’s ASX Announcement dated 25 June 2019.

The work will follow up geological mapping and ground electromagnetic ( EM ) surveys, which have already identified multiple interpreted zones of parallel, shallow mineralisation having individual strike lengths of up to 500m.

The RC drilling program will be spaced on a 15m by 50m grid traversing the strike of the interpreted and mapped mineralisation. This first phase RC drilling program in the Tshimpala Project area is designed to test the mineralisation in both the weathered saprolitic host rock and the fresh competent host rock. It is anticipated that upon completion of the program, the Company will look to prepare a maiden JORC compliant Mineral Resource at the Tshimpala Project.

The drilling contract services are to be provided by Georoc who are based in Bronkhorstspruit in South Africa and have been providing specialist drilling and exploration services to Africa’s mining industry since 1982.

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

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Georoc is making plans to mobilise one of its RC drilling rigs and drill crews in South Africa to the Tshimpala Project, with the drilling program set to commence towards the end of September 2019 and be completed in the December 2019 Quarter.

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Figure 1 and 2: RC Drilling Program at Grand Canyon and Small Canyon

Commenting on the execution of the drilling contract and appointment of Georoc, Force Commodities Managing Director Jason Brewer said:

“The Company is moving forward very quickly with its activities in Malawi and at the Tshimpala Project. The execution of this drilling contract and Georoc’s mobilisation next month and commencement of the RC drilling is a major milestone for the Company.”

“We look forward to working with Georoc who have a strong track record and demonstrated capability to be able complete this drilling program for us. ”

“The RC drilling program is anticipated to allow us to complete a maiden Mineral Resource estimation at the Tshimpala Project.

“Importantly this work will be completed in parallel with all our other ongoing activities in Malawi including the work we are doing with all project stakeholders, and the advancement of mining and crushing and screening studies and equipment reviews.”

END

Contact:

Jason Brewer Managing Director Force Commodities Limited Tel: +61 (0) 8 6426 1421

David Tasker Chapter One Advisors Tel: +61 433 112 9036 Em: dtasker@chapteroneadvisors.com.au

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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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