Celsius Resources : Expiry of Listed Options - Appendix 3B

ASX RELEASE || 146JFaenburaurayr2y0210917

EXPIRY OF LISTED OPTIONS - APPENDIX 3B

Celsius Resources Limited ("Celsius" or "the Company") confirms that the CLAO listed options expired on 30 December 2018 and the attached Appendix 3B includes the last conversion of options in relation to this class of securities.

Over the past two years, the listed options have provided $1,478,319.91 in additional funds to the Company. From the original amount of 147,929,792 listed options, 97,801 listed options have lapsed unexercised.

The Company's current issued capital is summarised as follows:

Fully Paid Ordinary Shares	757,218,081
Unlisted Options*	49,500,000

* These unlisted options have various exercise prices and expiry dates, refer to section 9 of the attached Appendix 3B for further details.

The Company's cash balance remains over $9 million as at 31 December 2018.

Level 2, 22 Mount Street	P: [phone]
Perth WA 6000	F: [phone]
PO Box 7054, Cloisters Square,	[e-mail]
Perth WA 6850	www.celsiusresources.com.au

Appendix 3B

New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

Name of entity

Celsius Resources Limited

ABN 95 009 162 949

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

• 1 +Class of +securities issued or to be issued

  Ordinary

• 2 Number of +securities issued or to be issued (if known) or maximum number which may be issued

  11,314,398

  Principal terms of the

  Fully paid ordinary shares

  +securities (e.g. if options,

  exercise price and expiry date; if

  partly paid +securities, the

  amount outstanding and due

  dates for payment; if

  +convertible securities, the

  conversion price and dates for

  conversion)

+ See chapter 19 for defined terms.

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Appendix 3B Page 1

Appendix 3B

New issue announcement

• 4 Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities?

  If the additional +securities do not rank equally, please state:

  • • the date from which they do

  • • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

  • • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

• 5 Issue price or consideration

  Yes

  $0.01 per share

• 6 Purpose of the issue

  (If issued as consideration for the acquisition of assets, clearly identify those assets)

• 6a Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?

  If Yes, complete sections 6b - 6h

  in relation to the +securities the

  subject of this Appendix 3B, and

  comply with section 6i

• 6b The date the security holder resolution under rule 7.1A was passed

  Exercise of listed optionsYes

  13 November 2018

• 6c Number of +securities issued without security holder approval under rule 7.1

  Nil

• 6d Number of +securities issued with security holder approval under rule 7.1A

Nil

+ See chapter 19 for defined terms.

Appendix 3B Page 2

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New issue announcement

• 6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

  Nil

• 6f Number of +securities issued under an exception in rule 7.2

  11,314,398

• 6g If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the +issue date and both values. Include the source of the VWAP calculation.

  N/A

• 6h If +securities were issued under rule 7.1A for non-cash consideration, state date on which valuation of consideration was released to ASX Market Announcements

  N/A

• 6i Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements

  Under 7.1 - 113,582,712

  Under 7.1A - 75,721,808

• 7 +Issue dates

  Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.

  Cross reference: item 33 of Appendix 3B.

  8

  Number	and +class	all
  +securities	quoted on	ASX
  (including	in

  of

  the +securitiessection 2 if applicable)

• 9 Number and +class of all +securities not quoted on ASX (including the +securities in section 2 if applicable)

4 January 2019

Number	+Class
757,218,081	Ordinary SharesFullyPaid
Number	+Class
3,000,000 2,000,000	Unlisted options exercisable at $0.05 expiring 18 May 2020 Unlisted options exercisable at $0.075 expiring 19 May 2020

+ See chapter 19 for defined terms.

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Appendix 3B

New issue announcement

+ See chapter 19 for defined terms.

Appendix 3B Page 4

2,000,000 2,000,000 16,000,000 1,000,000 1,500,000 6,000,000 2,000,000 2,000,000 2,000,000 2,000,000 1,000,000 1,000,000 6,000,000

Unlisted options exercisable at $0.10 expiring 19 May 2020 Unlisted options exercisable at $0.125 expiring 19 May 2020 Unlisted exercisable expiring 2020 options at $0.05 18 August Unlisted exercisable options at $0.175 expiring 5 January 2021 Unlisted options exercisable at $0.225 expiring 5 January 2021 Unlistedoptionsexercisable at $0.075 expiring 2021 12 January Unlisted exercisable options at $0.175 expiring 8 December 2020 Unlistedoptionsexercisable at $0.205 expiring 8 December 2020 Unlistedoptionsexercisable at $0.225 expiring 8 December 2020 Unlisted exercisable expiring 6 2020 options at $0.175 February Unlisted options exercisable at $0.13 expiring 16 April 2020 Unlisted options exercisable at $0.16 expiring 16 April 2020 Unlisted exercisableoptions at $0.175

expiring 16 April 2021

04/03/2013