FERRUM CRESCENT LIMITED - Update re First Funding Payment from PMI

Update re First Funding Payment from PMI

FERRUM CRESCENT 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: AU000000WRL8

16 July 2015

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


                      Update re First Funding Payment from PMI

Ferrum Crescent, the ASX, AIM and JSE quoted iron ore developer announces an
update in respect of the first funding payment due under the BFS financing
agreement with Principle Monarchy Investments (Proprietary) Ltd (“PMI”) for the
development of its Moonlight Iron Project in Limpopo Province, South Africa. The
Company has received notification from PMI that it has now secured funds for the
first R2m payment to be made to Ferrum Crescent under the terms of the
memorandum of understanding signed on 5 May 2015.

The Company has emphasised to PMI that the scheduled first payment is now
overdue and PMI has undertaken to transfer funds to Ferrum Crescent on or around
Wednesday 22 July 2015. A further update will be provided in due course.

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

Australia enquiries:                   UK enquiries:
Ferrum Crescent Limited                Ferrum Crescent Limited
Tom Revy T: +61 8 9474 2995            Laurence Read (UK representative)
Managing Director                      T: +44 7557672432
                                       Strand Hanson Limited (Nominated Adviser)
                                       Rory Murphy/Matthew Chandler
                                       T: +44 20 7409 3494
                                       Beaufort Securities (Broker)
                                       Elliot Hance
                                       +44 20 7382 8416

South Africa enquiries:                Bravura Capital (Pty) Ltd (JSE Sponsor)
                                       Doné Hattingh
                                       T (direct): +27 11 459 5037

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