ASX Limited
Exchange Centre
20 Bridge Street
Sydney NSW 2000
20 December 2013

Payment of Installment

Krucible Metals Limited ("Krucible") advises that in line with the notification of a Deed of Amendment to its Sale and Purchase Agreement (ASX announcement 28 November 2013), Australia New Agribusiness & Chemical Group Ltd ("ANB") have paid a 25% installment of
$3,024,000 to Krucible, and Krucible has transferred the first of the tenements, the ML 90209
known as "Korella", to ANB. ANB had previously released the residual deposit of $824,000 to Krucible and granted a first ranking mortgage over Korella to be released when the final installment is paid on 16 January 2014.
Krucible thanks ANB and offers our sincere congratulations with this significant progress in their tenement purchases. Krucible wishes ANB the utmost success with their fertilizer business plans.

Mike Meintjes

Company Secretary

About Krucible Metals Limited:

Listed on Australia's main stock exchange since 2007, Krucible is an Australian-based resources company with an enviable history of discovery in phosphorus and rare earths as well as other elements. Krucible continues to explore for precious metals, base metals and others, and is transitioning to a combined exploration and mining company. Krucible has plans and expectations to ultimately enter joint ventures to develop mines on its tenements in the mineral rich Mount Isa area of Northwestern Queensland. Krucible has a strong industry-based board and management, who promote aggressive value-added mining projects.

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