TIDMCLA

Celsius Resources Limited

08 June 2023

8 June 2023

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

 
         Namibian Government addresses misconceptions on proposed mining stakes 
 
          On 2 June 2023, the Board of Celsius communicated with shareholders as 
                                          follows: 
 
                                     "Dear Shareholder 
 
          You may have read various news reports earlier this week stating Namibia 
          might consider targeting stakes in resource companies to reap more value 
                                  from its mineral wealth. 
 
         The Ministry of Mines and Energy has released a statement rejecting "these 
        wrong perceptions", confirming that the Namibian Government has no intention 
          of seizing any stake from existing mineral or petroleum license holders 
            and remains committed to uphold the sanctity of existing contracts. 
 
            As such, it is CLA's understanding that the Namibian government will 
               not be taking a minority stake in CLA's Opuwo Cobalt Project. 
 
           Celsius Resources thanks The Ministry for its clarification and looks 
                  forward to further developing the Opuwo Cobalt Project. 
 
         To read the full release from the Ministry, please see the media statemen 
                                         t here ."

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

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END

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June 08, 2023 02:25 ET (06:25 GMT)

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