Corporate Update

CIC CAPITAL LTD.

("CIC" or the "Company")

Corporate Update

CIC (AIM: CICC), the consulting and advisory firm operating primarily in the mining and energy infrastructure sectors, is pleased to announce that it is in early stage discussions with regard to a possible share exchange transaction with another quoted company which would, if the transaction completes, result in CIC owning a substantial shareholding in that company. However, there is no certainty that such share exchange transaction will proceed and further announcement(s) may be made in due course as appropriate in connection with this matter.

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CIC Capital Ltd

The Company is a consulting and advisory company, operating primarily in the mining and energy infrastructure sectors. The Company seeks to provide consulting and advisory services to entities operating at various stages of resource development, and the exclusive right to control the public listing process of any client company if the client company is an unlisted company.

The core services provided by CIC Capital Ltd. are: the Advisory Service which provides a range of technical, project management, strategic and commercial services; the Strategic Investment Service which helps companies source investment from industry partners for which the Company will typically receive an equity interest; and Advice on Listings where the Company helps the client realise value by listing on a Stock Exchange www.CICCapital.com