Cauldron Energy : Non-Executive Chairman Appointed

NON-EXECUTIVE CHAIRMAN APPOINTED

ABN 22 102 912 783

32 Harrogate Street, West Leederville WA 6007

Cauldron Energy Limited (ASX: CXU) (the Company) is pleased to announce the appointment of Mr Simon Youds as Non-Executive Director and Chairman of the Company effective 15 March 2019. Mr Youds has a proven track record in developing and managing African mining projects and his appointment will bolster the technical expertise of the Board.

PO Box 1385, West Leederville WA 6901

Mr Youds previously served as Cauldron's Manager of Operations from June 2012 until February 2016, and he is a professional mining engineer with considerable experience in exploration, project development, and operational experience in Africa, Asia and Australia. Mr Youds also holds an MBA degree from Deakin University, Victoria, and is a member of the Australasian Institute on Mining and Metallurgy.

ASX code: CXU

329,289,708 shares 20,000,000 unlisted options

Board of Directors

Mr Youds is currently the CEO of ASX-listed company Vector Resources Ltd. He is the former CEO of African Iron, an iron ore explorer in the Republic of Congo, where he facilitated a A$388 million deal for its purchase by Exxaro Resources. In other highlights, Simon was Managing Director, Australia, of Consolidated Minerals Limited, which own and operate the Woodie Woodie and Coobina manganese and chromite mining operations, located in the Pilbara region of Western Australia. Also, Simon spent five years working as a member of the WMC team at Olympic Dam in South Australia developing the world's largest uranium deposit. The work involved planning the near tripling of annual production (to 10 million ore tonnes per annum) which required a clear understanding of the mining, processing and marketing of uranium oxide. Further in Africa, Simon held various operating and development roles at the Bibiani Gold Mine in Ghana and the Bulyanhulu and North Mara Gold Mines in Tanzania.

Simon Youds Non-Executive Chairman

Jess Oram

Executive Director &

Chief Executive Officer

Qiu Derong Non-executive Director

Judy Li

Non-executive Director

Commenting on the Chairman appointment, CXU Executive Director and CEO Jess Oram said, "I am delighted to welcome Simon to the board of Cauldron, as his appointment is an important step in establishing the new direction of the company. As announced 6 February 2019, the Board conveyed our commitment to steadily evolving the corporate strategy of CXU. Now the first step of the evolution of our operations is achieved, we embark on its implementation, with the aim to improve the value of the Company."

Chenchong Zhou Non-executive Director

Management

Catherine Grant-Edwards Company Secretary

For further information contact:

Jess Oram

Executive Director and CEO Cauldron Energy Limited Tel: [phone]

END

32 Harrogate Street, West Leederville WA 6007 PO Box 1385, West Leederville WA 6901

Ph: ([phone] Fax: [phone] Web:www.cauldronenergy.com.au