Directorate Change

17 October 2017

Ferrum Crescent Limited

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

Directorate Changes

FCR, the lead-zinc exploration company, is pleased to announce that Mr Myles Campion has been appointed to the Board of the Company, as an Executive Director, with immediate effect.

Mr Campion has a comprehensive background in all technical and financial facets of the resources sector, specialising internationally in resource evaluation and project assessment. This follows a 10-year career as an exploration and mine site geologist in Australia covering base metals and gold. He holds a BSc (Hons) in Geology from University of Wales College, Cardiff and an MSc (MinEx) from the Royal School of Mines in London, and also holds a Graduate Diploma of Business (Finance).

Mr Campion's financial experience ranges from Australian and UK equities research through to project and debt financing in London, covering the entire spectrum of mining companies with an extensive knowledge of the global resources market covering the three main bourses, the Toronto Stock Exchange, AIM and the ASX. This knowledge was applied effectively as a Fund Manager at Oceanic Asset Management, where he successfully managed the Australian Natural Resources Fund, an Open Ended Investment Company (OEIC) traded in London. Mr Campion is currently a Non-Executive Director of Katoro Gold plc.

The following additional information is provided in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies in relation to the appointment of Mr Campion:

Myles Stuart Campion (aged 48)

There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two to the AIM Rules for Companies.

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 ('MAR').

Commenting today, Mr Laurence Read, Executive Director, said:

"I am pleased to announce Myles will be joining the board following our recent work reviewing all the geological data for the Toral lead-zinc project. Myles brings extensive exploration and corporate experience to the board as be launch our new asset strategy at the Toral asset. Our primary focus will be on pursuing a maiden JORC resource at the Toral project by the end of 2017."

For further information on the Company, please visit www.fcrexploration.com / www.ferrumcrescent.com or contact:

Ferrum Crescent Limited

Grant Button, Chairman (Australia)

T: +61 8 9474 2995

Laurence Read, Director (UK)

T: + 44 (0)20 3289 9923

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 Hance

T: +44 (0)20 7382 8300

Bravura Capital (Pty) Ltd (JSE Sponsor)

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