COMPANY PROFILE

December 2019 catalyst METALS LTD

HIGHLIGHTS ASX DETAILS CODE: CYL/CYLOA ▲▲ Catalyst controls the Whitelaw Gold Belt and presence along Shares on issue...... 82,392,444 adjacent structural trends Listed Options ($2.45 - 31 May 2022)...... 7,889,250 ▲▲ Support from Pty Ltd and Ltd Unlisted Options ($1.00 - 31 Oct. 2020) ...... 1,000,000 Market capitalisation (at $2.50 per share)...... $206 million ▲▲ Greenfield high grade gold discoveries at Four Eagles and Tandarra Share price (52 week low/high)...... $1.55 - $3.30 ▲▲ Dominant in a world-class gold province Top 20 Shareholders...... 79% of issued capital ▲▲ Multiple Processing Options in Region Cash (December 2019)...... ~$20 million

Whitelaw Gold Belt 8m @ 174g/t Au from 84m (FERC236) 18m @ 11.2g/t Au from 85m (FERC239) Catalyst controls tenements over a 75 kilometre zone north of Bendigo along the 19m @ 5.0g/t Au from 73m (FERC248) 16m @ 8.5g/t Au from 62m (FEDD011) regional Whitelaw Fault which has demonstrated control of gold mineralisation at 10m @ 10.5g/t Au from 64m (FERC199) 5m @ 28.9g/t Au from 96m (FERC203) Bendigo which historically produced 22 million ounces of gold (Figure 1). The 16m @ 15.4g/t Au from 42m (FERC222) 16m @ 12.7g/t Au from 48m (FERC226) Four Eagles and Tandarra discoveries occur within this belt. 6m @ 82.7g/t Au from 123m (FE328) 3m @ 36.6g/t Au from 57m (FE415)

Kerang 19m @ 10.5g/t Au from 59m (FERC158) 6m @ 31.6g/t Au from 114m (FERC152) 200,000mE 220,000mE 240,000mE 260,000mE 280,000mE 300,000mE 9m @ 10.2g/t Au from 42m (FERC147) 41m @ 3.9g/t Au from 76m (FE696) Cohuna Exploration Targets Macorna Bore 2018/19 9m @ 8.7g/t Au from 37m (FERC164) 3m @ 154.0g/t Au from 96m (FE732) Project Gold deposit/occurrence 20m @ 21.4g/t Au from 77m (FERC185) 22m @ 36.5g/t Au from 116m (FERC185) WHITELAW Town / city 6,020,000mN –TANDARRA Main Road 6m @ 21.5g/t Au from 77m (FERC183) Railway Boort FAULT CORRIDOR Limit of basement outcrop Project Muckleford Fault Sebastian N E WS O U T H T EL006670 andarra EL006507 WA L E S 2019/20 Pyramid Hill Drum Projected T R DRILLING L Drummartin 6442 6,000,000mN F martin PROGRAMME Fault Boort Project Echuca Four Eagles Gold Intersections andarra Whitelaw V I C TO R I A Gold Project Fault >1g/t Au Four Eagles JV Whitelaw F Mitiamo Covered by RL006422 Redesdale Murray Tandarra North Lockington Basin RC Blade Catalyst Fault Project Sediments 5,992,000mN Eagle 1 & Diamond 5,980,000mN Fault Managed Drilling Tandarra JV Rochester Pyramid-Y North Tenements 719/718 717 RC Blade RL006660 FE845 ([email protected]/t Au) 797 789

Fault 042/043 041 & Aircore Dingee 185/045/044 028

Tandarra arraberb Rd 047 027 Drilling Zone 696 Project 175 174 050 183 Project Exclusion Hayanmi 173 Raydarra 181 180 Zone 177 179 728 Project 343 626 766 5,960,000mN 164 168 770 Boyd Sebastian North Golden Aircore 663 782 North Raywood Drilling 080 679 Project Camel 085 088 471 732 Outcrop 591 592172 776 Project 033 816 Sebastian 575 166 038 Inglewood 5,990,000mN 161 159,160 158 Boyd’s 186,000 oz Au EAGLE 608157 156 037 155 @ 10.4g/t Au 034 154 153 Dam 700 152 149 5,940,000mN 010148 039 146,147 Inglewood 145 002 RC Blade 144,143 142 Fosterville 415 140 Goldfield TREND1 Drilling 003 7 Moz Au 811 139 328 D007 NORTH Fosterville D001 Bendigo D008 0 20 Bendigo Pyramid Road RC Blade Goldfield & Diamond kilometres F Pickles Drilling 5,920,000mN 22 Moz Au Bendigo @ 15g/t Au 380 Goldfield William

Mt 5,988,000mN

Figure 1 – Whitelaw Gold Belt Tenements FE867 ([email protected]/t Au) FE908 ([email protected]/t Au)

FE915 ([email protected]/t Au) Four Eagles Gold Project (Catalyst 50%) (incl [email protected]/t Au) Aircore In March 2018, Catalyst and GEV (a wholly owned subsidiary of Hancock Drilling Cunneens Prospecting PL) formed a joint venture over the tenements constituting the Four Eagles Gold Project. At around this time, the dominant tenement was converted to 5,986,000mN FE855 ([email protected]/t Au) FE852 ([email protected]/t Au) NORTH Retention License RL006422, providing the partners with continued tenure to 0 1 FE847 ([email protected]/t Au) develop the strong exploration results to date through to feasibility for gold kilometre production. Catalyst’s drilling at its Four Eagles Gold Project has intersected high 242,000mE 244,000mE 246,000mE grade gold mineralisation on different structures that are up to 6 kilometres long. The three advanced prospects (Boyd’s Dam - Boyd North, Hayanmi, and Au Zone Au As Prospective Drillhole grades 1.0 to 5.0 g/t Au As Anomaly Zone > 5.0 g/t Au Pickles, on figure 2), all contain high grade gold intersections: Figure 2 – Gold Zones at Four Eagles Gold Project catalyst METALS LTD

246,000mE 248,000mE Drillholes Tandarra Gold Project (Catalyst 51%) 0.1 to 0.2 g/t Au NORTH 0.2 to 0.5 g/t Au Four 0.5 to 1.0 g/t Au The Tandarra Gold Project is managed by Catalyst Metals and co-owned with Eagles 0 500 1.0 to 5.0 g/t Au metres > 5.0 g/t Au Navarre Minerals Limited, and is located within Retention Licence 006660. 7km 5,982,000mN Gold Zone High-grade gold mineralisation occurs beneath Murray Basin sediments at Arsenic Zone Depth to Basement depths of less than 20 metres, enhancing the potential to develop a feasible Tandarra < 40m mining concept. Drilling through to 2019 continues to confirm shallow gold North ACT221 ([email protected]/t Au) 40m – 60m Zone > 60m mineralisation at the Tomorrow prospect.

2019 6m @ 4.3g/t Au from 57m (DDT014) 10m @ 4.78g/t Au from 33m (DDT016) 324,323,322 321,320 AIRCORE (basement AIRCORE 4.8m @ 6.1g/t Au from 33.2m (DDT009) 5m @ 4.2g/t Au from 84m (ACT338) not hit) DRILLING DRILLING TANDARRA PROGRAMME 3m @ 15.6g/t Au from 129m (ACT331) 1.5m @ 59.2g/t Au from 69m (ACT151) NORTH (320-356) 2m @ 33.1g/t Au from 129m (ACT221) 2m @ 18.4g/t Au from 44m (RCT050) 4m @ 9.2g/t Au from 18m (RCT063) 5m @ 17.0g/t Au from 106m (RCT107) Whitelaw Fault Prairie Zone 11m @ 6.2g/t Au from 74m (RCT111) 23m @ 1.9g/t Au from 90m (RCT111) 356,355 352 354 353 10m @ 14.0g/t Au from 47m (RCT172) 17m @ 7.1g/t Au from 30m (RCT173) Untested 5,978,000mN potential 21m @ 6.5g/t Au from 27m (RCT177) 348 Untested potential of Tomorrow The Future Trend RL006660 Future exploration within these key Catalyst projects will target the deeper AIRCORE potential through diamond drilling to inform plans and strategies for long-term DRILLING

OF GRAVITY 5,976,000mN and sustainable operations. TARGETS

? Bruce Kay - Technical Director | [email protected] Untested potential on Former Head of Worldwide Exploration for Normandy and Whitelaw Newmont Mining | Mobile: 0400 613 180 TAC102 ([email protected]/t Au) Fault Stephen Boston - Chairman | [email protected] ACT308 ([email protected]/t Au) TAC125 ([email protected]/t Au) RCT210 ([email protected]/t Au) Principal of Perth based Private Equity Investment Group | 5,974,000mN 342,3 Mobile: 0409 574 515 344 351 See Enlargement Map TAC219 ([email protected]/t Au) Robin Scrimgeour - Director | [email protected] 347 349 ACT045 ([email protected]/t Au) 346,5 ACT257 ([email protected]/t Au) Former Banker in London, Tokyo, Hong Kong and Singapore Tomorrow Gary Schwab - Director | [email protected] Prospect ACT338 ([email protected]/t Au) Dingee Zone Certified Practicing Accountant, former Executive Director of a private

Macnaughtan 339 Australian-based commodity company Prospect 340 5,972,000mN 341 ACT333 ([email protected]/t Au) Frank Campagna - Company Secretary 325,326 327,328 AIRCORE, ACT331 ([email protected], [email protected]/t Au) 329 Certified Practicing Accountant, more than 25 years experience as RC, DIAMOND 330 ACT332 ([email protected]/t Au) DRILLING 337,336 334 Company Secretary and in senior finance roles 335 ACT196 ([email protected]/tAu) John Arbuckle - Consultant Figure 3 – Tandarra Project Gold Zones Former CFO Mount Gibson Iron, Perilya Limited, Senior financial roles with , North Limited, Anaconda Nickel

Finding a large gold deposit beneath the wheat fields

ABN 54 118 912 495 PO Box 778, Claremont, 6910 • Telephone: +61-8 6263 4423 • Facsimile: +61-8 9284 5426 E-mail: [email protected] • website: www.catalystmetals.com.au