Europa Metals Regulatory News (EUZ)

30 July 2014

Ferrum Crescent Limited

("Ferrum Crescent", the "Company" or the "Group") (ASX: FCR, AIM: FCR, JSE: FCR)

Quarterly Activities and Cashflow Report

For the period ended 30 June 2014

Ferrum Crescent Limited, the ASX, AIM and JSE quoted iron ore developer in northern South Africa, today announces its quarterly results for the three month period ending 30 June 2014.

HIGHLIGHTS:

Moonlight Iron Ore Project:

Ø Moonlight Resource made compliant with JORC 2012

Ø Moonlight Iron Ore Project valued independently by The Mineral Corporation within a range between US$24.8m and US$41.3m, with a preferred valuation of US$33.0m (as announced on 11 June 2014)

Ø Moonlight BFS review- detailed pathway to completion announced

Ø Anvwar Asian Investment("AAI") failed to make its second US$500,000 payment, which was due to be paid by 30 April 2014 and remains in breach of contract; negotiations continue with AAI and other potential funding partners

Ø Whilst commencement of the BFS remains on hold, the BFS work program planning continues

Corporate:

Ø Cash as at 30 June 2014 was approximately AU$738,000

Ø Ed Nealon moved from Executive Chairman to Non-Executive Chairman of the Board. Bob Hair resigned as a director and moved to the position of company secretary replacing Andrew Nealon

Ø Ferrum Crescent's registered office moved to South Perth.

Commenting today Tom Revy, Managing Director, said: "The June Quarter 2014 saw a continuation of gearing up to commence the BFS at the Moonlight Project. This project will produce and deliver to customers a premium iron ore product and will be of huge benefit to Ferrum shareholders, the local communities and municipalities and to the Limpopo and South African governments and their instrumentalities. I think people in South Africa are becoming as excited as we are about the benefits to all stakeholders that will come from Moonlight, and I am very much looking forward to the things I enjoy the most in this industry - taking a premium project through feasibility into financing, construction and operations. It is unfortunate that AAI has thus far not carried out its side of the agreement that was reached in March 2014, but we are continuing to talk to AAI and to pursue other investment funding options, both in South Africa and internationally."

For more information, please visit www.ferrumcrescent.com or contact:

On 5 May 2014, the Company announced that the Mineral Resources at Moonlight had been updated to comply with JORC 2012, the work was completed by the Mineral Corporation Consultancy Pty Ltd ("The Mineral Corporation") of Johannesburg.

The Company also concluded a detailed review of the bankable feasibility study for the Moonlight Iron Ore Project. A work pathway was announced that identified advanced metallurgy, pilot plant construction and final product analysis as the next key components for the BFS. This work allows final costings to be made for the mining plan and items such as the Pellet plant. A project schedule for completion of the Moonlight BFS was announced as follows:

• Feasibility study can be completed within 18 months work-time;

• 30 to 36 month construction period expected;

• Schedule coincides with Government infrastructure development plans; and

• Completion of the BFS is expected to cost approximately A$10-13m.

The Company on 11 June 2014 released to the market a copy of a valuation report carried out by The Mineral Corporation for certain South African regulatory reasons. The Mineral Corporation's independent valuation of the Moonlight Iron Ore Project in South Africa (Moonlight or the Project) placed a value to the Project within a range from S$24.8m to US$41.3m, with a preferred value of US$33m. The valuation of the Project used the principles and guidelines of the South African Code for the Reporting of Mineral Asset Valuation (SAMVAL Code).

The valuation opinion contained in the report is only for the Mineral Assets of the Company, and excludes the value of any surface infrastructure established at the Moonlight Project, any movable assets which are part of the Project or the balance sheet circumstances of Ferrum Crescent. The effective date of the valuation is 30 April 2014.

A copy of each of these announcements can be found on the Company's website.

Corporate

A second payment of US$500,000 was not received by Ferrum Crescent from Anwar Asian Investments ("AAI") within the time frame scheduled under a funding agreement between the 2 parties. Ferrum Crescent have informed AAI of its default and not accepted a request for an extension period to complete the financing.

During the Quarter Ferrum Crescent underwent a period of restructuring. Mr Andrew Nealon was replaced by Bob Hair as company secretary, who himself resigned as an executive director of the Company. It was also announced that Mr Ed Nealon moved from executive to non-executive Chairman of the Company.

Exploration Interests

As at 30 June 2014, the Company held an interest in the following mining tenements:

No licences were acquired or disposed of during the Quarter.