Result of AGM

18 October 2017

Ferrum Crescent Limited

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

Results of General Meeting

In accordance with ASX Listing Rule 3.13.2 and section 251AA of the Corporations Act 2001, the following information is provided in respect of each resolution considered and voted upon at the General Meeting of Shareholders of Ferrum Crescent Limited held today.

As noted by the Chairman of the Meeting in his address and as announced on 5 October 2017, the Board resolved to withdraw Resolution 1 (Approval of issue of Shares to raise up to A$2.7 million by way of a private placement) as set out in the Notice of General Meeting. Accordingly, Resolution 1 was not considered, and shareholders were not required to vote on this item at the General Meeting.

Resolution 2 was passed on a show of hands.

Details of the proxy votes received in respect of Resolution 2, as set out in the Notice of General Meeting dated 15 September 2017, are as follows:

Resolution 2 - Ratification of Prior Issue of Shares

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, 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 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.