Appointment of Grant Samuel as Financial Adviser

Celsius Resources Limited ("Celsius" or the "Company") (ASX, AIM:CLA) is pleased to announce that it has appointed Grant Samuel Capital Advisory Pty Limited ("Grant Samuel") to assist with finalising financing for the Maalinao-Caigutan-Biyog Copper-Gold Project ("Project" or "MCB"), held under its Philippine Affiliate Company, Makilala Mining Co., Inc. ("MMCI").

The Company has received strong interest in financing the MCB Project from numerous well-qualified international mining financiers, offtakers and investment groups with proven track-records in copper and gold project finance, streaming, and offtake arrangements. Proposals have extended to offtake, structured and debt financing as well as equity participation at a Project level.

Following the receipt of these proposals and having regard to the imminent completion of the MCB Definitive Feasibility Study, the Board has appointed Grant Samuel to assist Celsius' management and Board in the coordination of an integrated financing process and the structuring and negotiation of an optimal funding package.

In addition, the Board has engaged Bardin Davis, as a consultant to the Board on matters of strategy, financing and project development. Mr Davis has significant mining and emerging market experience within both an investment banking and corporate environment. He was most recently the CEO of Peak Rare Earths, where he lead a financing process for the company's Tanzanian project. We welcome Bardin and look forward to his advice and support around the crucial Board decisions to be taken in this quarter.

Grant Samuel

Established in 1988, Grant Samuel is a leading independent corporate advisory firm renowned for its commitment to delivering tailored financial advice and strategic solutions to clients across Australia and internationally.

Grant Samuel has in recent years provided strategic and financing advice to a number of mineral development companies in South-East Asia. Grant Samuel is headquartered in Sydney, with other offices in Melbourne and Hong Kong.

Grant Samuel recently acted as lead financial adviser to Asiamet Resources Limited (AIM:ARS), advising on the proposed conditional sale of its interest in the KSK Project to Norin Mining (Hong Kong) Limited for a gross cash consideration of US$105 million on a cash-free, debt-free basis. The transaction was announced on 6 November 2025 and remains subject to shareholder and regulatory approvals[1].

Further information on Grant Samuel's natural resources mandates can be found at the following link:

Bardin Davis

Bardin Davis has approximately 30 years of mining experience within both an investment banking and corporate environment. He spent almost 12 years in Asia and has held senior Australian and regional investment banking roles with Macquarie Capital, HSBC and ABN AMRO. He was most recently the CEO of Peak Rare Earths Limited where he oversaw a project financing process, the execution of a binding offtake agreement as well as the completion of a BFS Update and FEED Study for the company's Tanzanian rare earths project. He will provide advice to the Board as we finalise the Project financing for MCB and move into construction.

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

Celsius Resources Contact Information

Level 5, 191 St. Georges Terrace

Perth WA 6000

PO Box 7059

Cloisters Square PO

Perth WA 6850

P: +61 8 9324 4516

W: www.celsiusresources.com

Celsius Resources Limited

Zeus Capital Limited ("Zeus") is the Company's Nominated Adviser and is authorised and

regulated by FCA. Zeus'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. Zeus is not acting for and will not be responsible to any

persons for providing protections afforded to customers of Zeus nor for advising them in

[1] https://www.londonstockexchange.com/news-article/ARS/sale-of-asiamet-s-interest-in-the-ksk-project/17314969