MANTLE MINERALS LIMITED — Capital/Financing Update 2018

Jul 15, 2018

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ASX Announcement 13 July 2018

CONVERSION NOTICE RECIEVED

Caeneus Minerals Ltd (“Caeneus” or “the Company”) advises that following shareholder approval at the Company’s General Meeting on 12 July 2018, the Company received a Conversion Notice on 13 July 2018 in respect of the $1.25m Convertible Note Facility (“Facility”) (previously announced on 20 April 2018).

As a result of obtaining the necessary shareholder approvals and receiving the Conversion Notice, the Company will issue the securities required under the Facility. The Company has calculated the interest payable under the Facility to the date of receipt of the Conversion Notice, which results in the total interest payable by the Company under the Facility being $12,734.

Accordingly, the total securities issued today pursuant to the Conversion Notice is;

• 5,050,939,131 shares; and

• 5,050,939,131 options exercisable $0.0015 on or before 31 December 2023.

For and on behalf of the Board

Peter Christie Chairman

Caeneus Minerals Ltd ABN 42 082 593 235

Unit 10, 100 Hay Street, Subiaco WA 6008 | info@caeneusminerals.com.au | tel +61 9381 2266