MCB Copper-Gold Project activities and funding update

Celsius Resources (ASX/AIM: CLA) is pleased to provide an update on the MCB Copper-Gold Project, highlighting progress on the Feasibility Study and FEED program, as well as ongoing discussions for project financing with various interested parties.

Supported by continued funding from Maharlika Investment Corporation (“MIC”), The Philippines Sovereign Wealth Fund, MMCI and the Feasibility Study managers Ausenco of Brisbane, Australia, are on track to reach the engineering half-way point and submit an interim study report to MIC by the end of August 2025.

Discussions have also been held with interested parties for potential investments.

One of these parties, Kiri Industries Limited of Ahmedabad, India (“Kiri”), has signed and

presented a memorandum of undertaking (“MOU”) at the India-Philippine Business Forum in Bangalore, India, attended by the President of the Philippines, Ferdinand Marcos, Jr. who is on a state visit to India upon the invitation of the Prime Minister of India, Narendra Mohdi.

This high-level and non-binding MOU contains no specific or definitive commercial terms of investment at this stage and outlines the basis upon which the parties intend to negotiate in good faith to reach agreement for a potential investment by Kiri in MMCI.

The Company cautions investors that an investment decision should not be made on the

basis of any potential transaction. There can be no certainty that any binding agreement

will be reached or the timing of any such agreement. The MCB Project, located in the Philippines, has shown promising results with a JORC compliant Mineral Resource Estimate and a positive Scoping Study identifying a long mine life. The Company encourages investors to inquire about the project or financing discussions for more information.