News & Updates

• Philippine Mines and Geosciences Bureau has issued a two-year exploration permit for Celsius’ Botilao Copper-Gold Prospect.
• The Exploration Work Program will be implemented along with an Environmental Work and Community Development Work Programs which will be developed in consultation with the host community.

Celsius Resources Limited (“Celsius”) (ASX, AIM: CLA) is pleased to announce the issuance of an exploration permit for the Botilao Porphyry Copper-Gold (“Botilao”) Prospect in the Cordillera Administrative Region under its Philippine subsidiary, Makilala Mining Company, Inc. (“MMCI or “the Company”).

The Exploration Work Program under the initial two-year permit aims to define the extent anddistribution of the observed mineralisation along Botilao Creek, which will consist of regional to semi-detailed geochemical sampling and mapping to generate future targets for possible geophysical surveys and eventual diamond drilling activities.

This will be complemented with an Environmental Work Program which outlines environmental protection and enhancement activities during the exploration period, as well as a Community Development Program consisting of socio-economic projects which will be identified in consultation with the host community.

Celsius Managing Director Peter Hume, said:

“Given its location, it is possible that the mineralisation controls in the Botilao Prospect are similar to those at the Maalinao-Caigutan-Biyog Copper-Gold (“MCB”) Project deposit. Thus, they may have the same mineralisation style and grades which will be confirmed once we progress the exploration. This Prospect, once developed, will bring additional value to Celsius’ portfolio and complement the MCB Project.”