Announcement PDF Appendix 3B - Proposed issue of securities Update Summary Entity name CELSIUS RESOURCES LIMITED. Announcement Type Update to previous announcement Date of this announcement 14/5/2025 Reason for update to a previous announcement Additional options proposed to be issued to Silvercorp Metals, Inc. and Directors Mark Van Kerkwijk and Paul Dudley, as announced on 9 May 2025, and to update expiry of options to 16 May 2028. Refer to next page for full details of the announcement Appendix 3B - Proposed issue of securities 1/5 Appendix 3B - Proposed issue of securities Part 1 - Entity and announcement details 1.1 Name of +Entity CELSIUS RESOURCES LIMITED. We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules. If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation). 1.2 Registered Number Type Registration Number ACN 009162949 1.3 ASX issuer code CLA 1.4 The announcement is Update/amendment to previous announcement 1.4a Reason for update to a previous announcement Additional options proposed to be issued to Silvercorp Metals, Inc. and Directors Mark Van Kerkwijk and Paul Dudley, as announced on 9 May 2025, and to update expiry of options to 16 May 2028. 1.4b Date of previous announcement to this update 9/5/2025 1.5 Date of this announcement 14/5/2025 1.6 The Proposed issue is: A placement or other type of issue Appendix 3B - Proposed issue of securities 2/5 Appendix 3B - Proposed issue of securities Part 7 - Details of proposed placement or other issue Part 7A - Conditions 7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? Yes 7A.1a Conditions Approval/Condition Date for determination +Security holder approval 30/6/2025 Is the date estimated or actual? ** Approval received/condition met? Estimated Comments Part 7B - Issue details Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? New class Will the proposed issue of this +security include an offer of attaching +securities? No Details of +securities proposed to be issued ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them) Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? No Will the entity be seeking quotation of the 'new' class of +securities on ASX? Yes ASX +security code +Security description New class-code to be confirmed Options exercisable at $0.01 each and expiring 3 years from issue date +Security type Options Number of +securities proposed to be issued 122,075,070 Reason for the update of 'Number of +securities proposed to be issued' Appendix 3B - Proposed issue of securities 3/5 Appendix 3B - Proposed issue of securities Reason for the update of 'Number of +securities proposed to be issued' Offer price details Are the +securities proposed to be issued being issued for a cash consideration? No Please describe the consideration being provided for the +securities The Company is issuing the Additional Options as a good faith measure for investors' continued support of the Company's business and ongoing operations. Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Options details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.0100 30/6/2028 Details of the type of +security that will be issued if the option is exercised CLA : ORDINARY FULLY PAID Number of securities that will be issued if the option is exercised One fully paid ordinary share (ASX:CLA) Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement. Refer to ASX announcement dated 9 May 2025 Part 7C - Timetable 7C.1 Proposed +issue date 30/6/2025 Part 7D - Listing Rule requirements 7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? Yes 7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 30/6/2025 Appendix 3B - Proposed issue of securities 4/5 Appendix 3B - Proposed issue of securities 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? Yes 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No 7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No Part 7E - Fees and expenses 7E.1 Will there be a lead manager or broker to the proposed issue? Yes 7E.1a Who is the lead manager/broker? Pac Partners Securities Pty Ltd. 7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker? A capital raising fee of 6% of the proceeds of the Placement and one (1) Placement Option for every six (6) new shares subscribed for under the Placement, as approved by shareholders at the General Meeting held on 28 April 2025. 7E.2 Is the proposed issue to be underwritten? No 7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue None. Part 7F - Further Information 7F.01 The purpose(s) for which the entity is issuing the securities As a good faith measure for investors' continued support of the Company's business and ongoing operations. 7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No 7F.2 Any other information the entity wishes to provide about the proposed issue Refer to ASX announcement dated 9 May 2025 for further information. 7F.3 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a +disclosure document or +PDS for the +securities proposed to be issued Appendix 3B - Proposed issue of securities 5/5