Termination of Farm-in and Joint Venture Agreement re Moonlight Project 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 15 February 2017 Ferrum Crescent Limited (“Ferrum Crescent”, the “Company” or the “Group”)(ASX, AIM, JSE: FCR) Termination of Farm-in and Joint Venture Agreement re Moonlight Project Ferrum Crescent, the ASX, AIM and JSE quoted metals developer, announces, further to its previous announcement of 16 January 2017, that the farm-in and joint venture agreement between Ferrum Iron Ore (Proprietary) Limited (“FIO”), Ferrum South Africa (Proprietary) Limited (“FSA”) and Business Venture Investments No. 1709 (Proprietary) Limited (“BVI”) (the “Agreement”) for the production of a bankable feasibility study (“BFS”) for the Company’s Moonlight Iron Project in Limpopo Province, northern South Africa has now been formally terminated by FIO and FSA in accordance with its terms. Under the terms of the Agreement (details of which were first announced by the Company on 14 October 2015), BVI was entitled to earn up to a 43 per cent. equity interest in FIO through the completion and full funding of the BFS, which was to be conducted in two phases. As announced on 14 January 2016, the Company agreed to extend the timetable for BVI to complete BFS Phase 1, however, as announced on 16 January 2017, BVI failed to complete BFS Phase 1 by that extended deadline of 12 January 2017. Consequently, and in accordance with the terms of the Agreement, BVI has not earned any equity interest in FIO. The Company is considering its options in relation to the potential development of the Moonlight Project, and will make further announcements as and when appropriate. For further information on the Company, please visit www.ferrumcrescent.com or contact: Ferrum Crescent Limited Justin Tooth, Executive Chairman Grant Button, Director and 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 The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Date: 15/02/2017 09:00:00 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.