2 August 2016

Ferrum Crescent Limited

("Ferrum Crescent", the "Company" or the "Group")(ASX, AIM, JSE: FCR)

Issue of Placing Shares -Appendix 3B and Cleansing Notice

As announced on 25 July 2016, Ferrum Crescent, the ASX, AIM and JSE quoted metals project has issued 187,226,485 new ordinary shares of no par value each in the capital of the Company (the "Placing Shares") via Beaufort Securities Limited as agent for the Company, at a price of 0.20 pence per new ordinary share (the "Placing"). The Placing Shares were issued to institutional and sophisticated investors.

Please find attached an Appendix 3B and Cleansing Notice.

For further information on the Company, please visit www.ferrumcrescent.com or contact:

Ferrum Crescent Limited

Justin Tooth, Executive Chairman Grant Button, Company Secretary T: +61 8 9474 2995

UK enquiries:

Laurence Read (UK representative) T: +44 7557 672 432

Strand Hanson Limited (Nominated Adviser) Rory Murphy/Matthew Chandler

T: +44 (0)20 7409 3494

Beaufort Securities Limited (Broker) Elliot Hance

T: +44 (0)20 7382 8300

Bravura Capital (Pty) Ltd (JSE Sponsor) Doné Hattingh

T (direct): +27 11 459 5037

This announcement contains inside information.

ACN 097 532 137 Suite 6, Ground Floor, 9 Bowman Street Share code FCR on the ASX, AIM and the JSE SOUTH PERTH WA 6151, AUSTRALIA www.ferrumcrescent.com PO Box 189, South Perth, WA 6951

[email protected] Tel: +61 8 9474 2995 Fax: +61 9474 2937