FERRUM - CANCELLATION OF OPTIONS FERRUM CRESCENT LIMITED (Previously Washington Resources Limited) (Incorporated and registered in Australia and registered as an external company in the Republic of South Africa) (Registration number A.C.N. 097 532 137) (External company registration number 2011/116305/10) Share code on the ASX: FCR Share code on AIM: FCR Share code on the JSE: FCR ISIN: AU000000FCR2 (“Ferrum Crescent” or the “Company”) Cancellation of Options Ferrum Crescent Limited (the "Company") (ASX: FCR, AIM: FCR, JSE: FCR) hereby announces the cancellation of 600,000 unlisted options exercisable at AUD$0.198 expiring 7 December 2013 issued to former employees of the Company for no consideration, effective immediately. The options have been cancelled in accordance with the terms of the Employee Option Plan. For more information, please visit www.ferrumcrescent.com or contact: Australia and Company enquiries: UK enquiries: Ferrum Crescent Limited Ocean Equities Limited (Broker) Guy Wilkes T: +44 (0)20 7786 4370 Ed Nealon T: +61 8 9380 9653 Executive Chairman RFC Ambrian Limited (Nominated Adviser) Richard Morrison T: +44 (0) 20 3440 6800 Robert Hair -T: + 61 414 926 302 Jen Boorer T: +44 (0) 20 3440 6800 Managing Director Newgate Threadneedle (Financial PR) Graham Herring /Beth Harris T: +44(0)20 7653 9850 South Africa enquiries: Sasfin Capital Leonard Eiser T+27 11 809 7500 19 July 2012 Johannesburg Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 20/07/2012 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.