Celsius Resources Limited Regulatory News (CLA)

17 May 2023

Celsius Resources Limited ("Celsius" or the "Company")

Issue of Equity and Total Voting Rights

On 16 May 2023, Celsius Resources Limited (AIM: CLA ASX: CLA) (Celsius or the Company) issued a total of 2,000,000 fully paid ordinary shares on exercise of 2,000,000 unlisted options over shares, each option exercisable at $0.012, expiring on 4 August 2023.

Application will be made for the new ordinary shares, which will rank pari passu with all existing ordinary shares to be admitted to trading on AIM ("Admission"). Admission is expected on or around 22 May 2023.

Following Admission, Celsius will have 2,211,051,662 Ordinary Shares in issue which will also represent the total number of voting rights in the Company. From Admission the above figure should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

A copy of this announcement is available on the Company's website, at https://celsiusresources.com

This announcement has been authorised by the Board of Celsius Resources Limited.

For further information, please contact:

Company enquiries

Kellie Davis

Company Secretary

P: +61 8 6245 9438

E: info@celsiusresources.com.au

Celsius Resources Contact Information

Celsius Resources Limited

Peter Hume P: +61 2 8072 1400

E: info@celsiusresources.com.au

W: www.celsiusresources.com

Multiplier Media

Jon Cuthbert

M: +61 402 075 707

E: jon.cuthbert@multiplier.com.au

Beaumont Cornish Limited

(Nominated Adviser)

Roland Cornish/Felicity Geidt/Andrew Price

+44 (0) 207 628 3396

SPAngel

(Broker)

John Meyer/Ewan Leggat/Harry Davies-Ball

+44 20 3470 0470