Catalyst Metals Limited (Catalyst or the Company) (ASX: CYL) advises that it is in confidential discussions with Vango Mining Limited (ASX: VAN) regarding a potential combination transaction where Catalyst is the acquirer. However, as no transaction has been agreed and the discussions are ongoing, Catalyst is not yet in a position to provide further details. There is no certainty that the discussions will lead to a transaction being agreed.

Catalyst will keep the market informed in accordance with its continuous disclosure obligations.

This announcement has been approved for release by James Champion de Crespigny, Managing

Contact:

Investors and Media

James Champion de Crespigny

Managing Director and CEO

T: +61 (8) 6107 5878

E: admin@catalystmetals.com.au

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