Cassius Mining Limited advised that Phase 2 of its coring programme has been successfully completed at the Soalara Limestone Project in Madagascar. Five vertical holes successfully cored, each to the planned approx. 100m depth.

Excellent average of 93.3% core recovery achieved (approx. 92% recovery in Phase 1). Core preparation underway to send pulps for assays at SGS labs.

Nine hole Mineral Resource (MRE) study scheduled to follow assays. Phase 2 Core and Assays: Five vertical holes (CMDD005 to CMDD009) were each cored in HQ size to approx. 100m for a total of 500.67m.

An excellent average recovery of approx. 93.3% has been achieved (higher than the approx. 92% achieved in Phase 1).

Cassius's onsite Geo consultants (Vato) have completed geotechnical /geological logging, core photography, density measurements, core cutting and sampling for all 5 holes. Core samples are now in process of delivery to in-country preparation laboratory OMNIS, who will prepare pulps for the certified SGS laboratory (Perth, WA) to run multi-oxide XRF assays on each sample (along with standards, blanks and duplicates). It is currently expected that samples will be ready to be couriered to Australia via DHL Express in November, with subsequent assay results available December/January.

An expected total of approx. 584 samples will be assayed. Previous Results from Phase 1 Coring: Four vertical holes (CMDD001 to CMDD004) were previously cored in Phase 1, each to approx.

100m. Multiple thick limestone sequences were confirmed with purities from 93.5% to over 98.5% CaCO3, overburden free, with only thin interbedded clayish limestones/clays. Upper Limestone sequences were noted to be of higher purity in Phase 1 than the lower Limestone sequences, although further significant Limestone sequences were confirmed all the way to 100m total depth in every hole with only relatively thin clay/clayish Limestone horizons.

Lateral and vertical limestone continuity was also confirmed with depth between all four holes. Approx. 73% of assays from every metre of the total approx.

400m cored showed an average of 97.02% wt CaCO3 (High purity limestone3), forming a high quality mineral base onto which the Phase 2 results will be added before the MRE is conducted.