Directorate Change

1 February 2018

Ferrum Crescent Limited

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

Resignation of Non-Executive Director

FCR, the European lead-zinc explorer, announces that Mr Grant Button, Non-Executive Director, has resigned from the Board of Directors of FCR (the "Board") with immediate effect, due to work related commitments in his role at Magnum Exploration Limited.

The Board would like to thank Grant for his valuable services to the Company over the course of the last 7 years and wishes him all the best with his future endeavors.

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

Ferrum Crescent Limited

Daniel Smith, Non-Executive Director and Company Secretary (Australia)

T: +61 8 9486 4036

Laurence Read, Executive 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 Nysschen

T (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.