YANREY NORTH FARM-IN AGREEMENT

ABN 22 102 912 783

TERMINATED

32 Harrogate Street, West Leederville WA 6007

Cauldron Energy Limited (ASX: CXU) (Cauldron or the Company) refers to the farm-in agreement with Oceltip Metals Pty Ltd (Oceltip) which it announced on 4 October 2018 (Agreement) (refer ASX Announcement 4 October 2018).

PO Box 1385, West Leederville WA 6901

If Oceltip did not complete its due diligence then either party could terminate the Agreement. Oceltip has not completed its due diligence in the time set out in the Agreement. Accordingly, Cauldron terminated the Agreement on 18 December 2018 in accordance with the terms of the Agreement.

ASX code: CXU

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

Board of Directors

END

Jess Oram

Executive Director &

Chief Executive Officer

Qiu Derong

Non-executive Director

Judy Li

Non-executive Director

Nicholas Sage

Non-executive Director

Chenchong Zhou Non-executive Director

Management

Catherine Grant-Edwards Company Secretary

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

Ph: (+618) 9380 9555 Fax: (+618) 9380 9666 Web:www.cauldronenergy.com.au

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Cauldron Energy Ltd. published this content on 19 December 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 19 December 2018 03:34:01 UTC