Option to Acquire the Kaoko Kobalt Project

• Located in the Kunene Cobalt Province, Northern Namibia
• Hosts the probable continuation of Celsius Resources’ Opuwo cobalt –copper bearing ‘DOF’ horizon
• Project contains ~27km of prospective potential DOF equivalent in three areas
• Project includes a very large ~20km x 5km long Cu-Co soil anomaly at the Kamwe prospect – potential DOF Cu-Co source?
• Numerous, widespread Cu occurrences, grab samples to 38% Cu
• Option to earn the right to 95% interest
• Cobalt hits 10-year high of US$94,500 a tonne

Option to Acquire the Kaoko Kobalt Project