For immediate release                                                                                                                  13 March 2024

CELSIUS RESOURCES LIMITED ("Celsius" or the "Company")

ASX VOLUNTARY SUSPENSION REQUEST

The following announcement was published today on the ASX:

"Celsius Resources Limited (ASX:CLA) ("Celsius" or "the Company") refers to its previous request for a voluntary suspension (dated 6 March 2024) in relation to the Company's pending grant of a Mining Permit by the Philippine National Government for the Company's flagship Maalinao-Caigutan-Biyog Copper-Gold Project.

The Department of Environment and Natural Resources have reached a conclusion regarding the issuance of the Mining Permit and there are now additional important and indispensable Philippine Government protocols that need to be complied with for the effectivity of the Mining Permit.

The Company will make an announcement regarding the Mining Permit at the most appropriate time, and as such the Company requires an extension of its voluntary suspension and requests that the voluntary suspension be extended until the Company makes an announcement or commencement of normal trading on or before Thursday 21 March 2024.

The Company is not aware of any reason why an extension to its voluntary suspension should not be granted or of any further information necessary to inform the market about the extension of the voluntary suspension.

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

Trading of the Company's shares on the AIM market of the London Stock Exchange remains unaffected.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018.

Celsius Resources Contact Information

Level 5, 191 St. Georges Terrace

Perth WA 6000

PO Box 7059

Cloisters Square PO

Perth WA 6850

P: +61 2 8072 1400

E: [email protected]

W: www.celsiusresources.com

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.