Completion of Fundraising

14 September 2017

Ferrum Crescent Limited

("FCR", the "Company" or the "Group") (ASX, AIM, JSE: FCR)

Completion of Fundraising

FCR, the lead-zinc exploration company, is pleased to announce that the placement, via Peterhouse Corporate Finance Limited as AIM broker for the Company, of 214,782,526 fully paid new ordinary shares at an issue price of 0.09 pence per share (the Placing Shares), as announced on 8 September 2017 (the Placing), has now been completed. The Placing raised, in aggregate, approximately GBP193,304 (before expenses).

The Placing Shares were issued to sophisticated and professional investors without shareholder approval utilising the Company's existing placement capacity under ASX Listing Rule 7.1A.

The net proceeds from the Placing will be used to undertake additional exploration and evaluation activities at the Toral and Lago lead-zinc exploration projects in northwest Spain, as well as for general working capital purposes.

An Appendix 3B and Cleansing Notice are attached.

http://www.rns-pdf.londonstockexchange.com/rns/7511Q_-2017-9-14.pdf

http://www.rns-pdf.londonstockexchange.com/rns/7511Q_1-2017-9-14.pdf

Information required under ASX Listing Rule 3.10.5A

(a) Dilution to existing shareholders as a result of the Placing is as follows:

The securities issued under Listing Rule 7.1A have been issued to both existing and new security holders. The percentages of the post-Placing capital are as follows:

· 89.95% held by pre-Placing security holders who did not participate in the Placing;

· 6.19% held by pre-Placing security holders who did participate in the Placing;

· 3.86% held by participants in the Placing who were not previously security holders.

(b) The Company issued 214,782,526 shares under ASX Listing Rule 7.1A as a placement which was considered to be the most efficient and expedient means by which to raise funds in the current circumstances. The Placing did not expose FCR to additional costs, a protracted process and market volatility that may have been experienced with a pro rata issue or other type of issue in which existing ordinary security holders would have been eligible to participate.

(c) A fee of up to 5% may be paid to brokers/advisers in connection with the Placing.

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

Peterhouse Corporate Finance Limited (Broker)

Lucy Williams / Duncan Vasey / Heena Karani

T: +44 (0)20 7469 0930

Beaufort Securities Limited (Broker)

Elliot HanceT: +44 (0)20 7382 8300

Bravura Capital (Pty) Ltd (JSE Sponsor)

Melanie De NysschenT (direct): +27 11 459 5052

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.