CRITICAL RESOURCES LIMITED — Capital/Financing Update 2020

Nov 3, 2020

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4 November 2020

ASX ANNOUNCEMENT

Completion of Acquisition of Copper Projects in Oman

Force Commodities Limited (ASX:4CE) (“ Force ” or the “ Company ”), is pleased to confirm that it has now completed the transaction announced on 1 September 2020 to acquire Savannah’s stakes in the Block 4 and Block 5 copper projects in Oman (the “ Projects ”) from Savannah Resources plc (“ Savannah ”), an AIM listed resource development company.

Project highlights

• Force has acquired 100% of Savannah’s wholly owned subsidiary, Savannah Resources B.V., which, via its subsidiaries, has a 51% interest in Block 4 (granted Exploration Licence), a 65% interest in Block 5 (granted Exploration Licence and 2 Mining Lease applications) and a 70% interest in two Exploration Licence applications near Block 10 to the west of Blocks 4 and 5

• The Projects cover 999 km² of the copper-rich Ophiolite belt in the Sultanate of Oman, proven to host clusters of relatively high grade VHMS copper deposits. Resources within these deposits are metallurgically simple and contain gold and silver credits

• Measured, Indicated and Inferred Mineral Resources (2012 JORC) of 0.82Mt at 3.4% Cu (including a high-grade zone of approximately 0.5Mt at 4.5% Cu) in two deposits within Block 5 (Tables 1-3) • Contained metal reported at 28,000 tonnes of Copper, 5,900 ounces of Gold and 220,000 ounces of Silver (See JORC Statement, page 2)

• Opportunity to significantly increase resources in Block 5

• High grade intersections reported to date include 55.6 metres at 6.32% Cu from 63.2 metres in hole B5MB4D071 from Block 5

Consideration highlights

• Force has issued 50,000,000 new fully paid ordinary shares to Savannah (deemed issue price of 1 Australian cent per Force share)

• Savannah will receive preferential payment of AUD$3.5m in cash from an existing loan out of cash flow generated from production on Block 5

• Savannah shall receive a 1.0% net smelter royalty on any future metal sales from Block 4 and/or Block 5 (the 1% relates to Force’s proportional ownership of each project).

Simon Pooley, Force’s CEO commented: “ We are delighted to have now completed the acquisition of the Projects in Oman from Savannah which we first announced in September.

“The Company will now commence a two-fold strategy to advance the Projects in Oman. Over the past 4 weeks, the In-Country Oman exploration team have provided detailed updates on the progress of exploration within Block 4 and Block 5 as a part of a handover process prior to settlement. The team have been active conducting detailed geological mapping of various geophysical targets within both blocks.

“In addition to our commitment to on-going exploration in Blocks 4 and 5, Force have been reviewing next steps relating to the development of the Mahab 4 and Maqail South copper deposits within Block 5. Given thehigh grade nature of the projects, exploitation of these resources in a timely manner will focus on possible toll treatment. Accordingly, the next step is to complete a scoping study and then proceed to a feasibility study.

“This is an exciting chapter in Force’s development to get into production and generate revenue.”

Force Commodities Ltd | Unit 47, First Floor, 1008 Wellington Street, West Perth, WA, 6005 | P: +61 8 6270 4694 | web:forcecommodities.com.au | Email: admin@forcecommodities.com.au | ABN 12 145 184 667 | ASX:4CE

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This announcement has been authorised for release by Simon Pooley, CEO.

Competent Person Statement

The Information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Mr Paul Payne, a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Payne is a full-time employee of Payne Geological Services. Mr Payne has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Payne consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to Exploration Results in relation to the Halls Peak-Gibson Project is extracted from ASX Announcements dated 15 December 2016 and 29 December 2016 (see ASX Announcement – 15 December 2016 “102m Intercept from Surface – High Grade Zinc, Lead and Silver” and 29 December 2016, (see ASX Announcement – 29 December 2016 “Final Assay results Confirm Extensive High Grade Zinc and lead Mineralisation – Up to 46% Zinc and 27% Lead”, www.forcecommodities.com.au and www.asx.com.au).

JORC Code Compliant Reports

The information regarding the Mineral Resource is extracted from the report entitled “Force to Acquire High Grade Copper Projects in Oman” created 1 September 2020 and is available to view on http://www.forcecommodities.com.au/news-research. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

About Force

Force is a base metals exploration and development focused company headquartered in Perth, Western Australia and are listed on the Australian Securities Exchange (ASX:4CE). Over the past 6 months Force has been undergoing a structured process to relist the company including changing senior management and identifying new sources of capital. Force has steadily gained momentum during the restructure through the identification of a high-quality project for acquisition and appointments of high calibre senior professionals to its Board and Executive. The culmination of the relisting process is the injection of new funds (a process overseen by boutique corporate advisory firm 62 Capital) based on the acquisition of the Projects.

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