Exercise of Options and Issue of Equity 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 Australian ISIN: AU000000WRL8 South African ISIN: AU000000FCR2 28 July 2016 Ferrum Crescent Limited (“Ferrum Crescent”, the “Company” or the “Group”)(ASX, AIM, JSE: FCR) Exercise of Options and Issue of Equity Ferrum Crescent, the ASX, AIM and JSE quoted metals project developer, announces that it is issuing 66,874,816 new ordinary shares of no par value each in the capital of the Company (“Ordinary Shares”) as a result of the exercise of, in aggregate, 66,874,816 options exercisable at a price of 0.165 pence per share (the “Option Shares”). Such options were granted in connection with the Company’s placing and subscription announced on 27 April 2016. Application will be made for quotation of the Option Shares on the Australian Securities Exchange and the JSE Limited, and has been made to the London Stock Exchange plc for admission to trading on AIM (“Admission”). It is expected that Admission of the Option Shares will become effective and that dealings in the Option Shares will commence on AIM at 8.00 a.m. on 29 July 2016. The Option Shares will be fully paid and will rank pari passu in all respects with the Company’s existing Ordinary Shares. Following the issue of the Option Shares and the placing shares announced on 25 July 2016, the total issued ordinary share capital of the Company will comprise 1,536,893,184 Ordinary Shares. 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. Date: 28/07/2016 01:00:00 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.