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A.C.N. 097 532 137

Suite 6, Ground Floor, South Mill Centre, 9 Bowman St

Share code FCR on the ASX, AIM and the JSE

SOUTH PERTH WA 6151, AUSTRALIA

www.ferrumcrescent.com

PO Box 189, South Perth, WA 6951

info@ferrumcrescent.com

Tel: +61 8 9474 2995 Fax: +61 9474 2937

25 February 2016

Ferrum Crescent Limited

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

Fundraising and Notice of General Meeting

Ferrum Crescent, the ASX, AIM and JSE quoted metals project developer,

announces that it has received applications to subscribe for 149,681,797 new

ordinary shares of no par value each in the capital of Ferrum Crescent (the

“Subscription Shares”) at a price of £0.0012 per Subscription Share, to raise

£179,618 before expenses (the “Subscription”). The Subscription was

oversubscribed and closed on Wednesday, 24 February 2016. The Subscription

Shares will represent approximately 19.36 per cent. of the Company’s enlarged

issued share capital and the Subscription is conditional on admission of the

Subscription Shares to trading on AIM (“Admission”).

Application will be made for quotation of the Subscription Shares on the

Australian Securities Exchange and the JSE Limited, and to the London Stock

Exchange plc for Admission. It is expected that Admission of the Subscription

Shares will become effective and that dealings in the Subscription Shares will

commence on AIM at 8.00 a.m. on 1 March 2016. The Subscription Shares will

be fully paid and will rank

pari passu

in all respects with the Company’s existing

ordinary shares. Following Admission, the total issued ordinary share capital of

the Company will comprise 772,985,191 ordinary shares.

Pursuant to the Subscription, Grassroots Exploration Pty Limited (“Grassroots

Exploration”) (a company controlled by Mr Alan Jenks), is investing

approximately £5,300 for 4,416,667 new ordinary shares. This additional

investment will result in Grassroots Exploration being interested, in aggregate,

in 92,987,053 ordinary shares, representing approximately 12.03 per cent. of

the Company’s enlarged issued ordinary share capital.

By virtue of Grassroots Exploration being an existing substantial shareholder in

the Company, its participation in the Subscription is considered to be a related

party transaction for the purposes of Rule 13 of the AIM Rules for Companies.

Accordingly, the directors of Ferrum Crescent consider, having consulted with

Strand Hanson Limited (the Company’s Nominated Adviser), that the terms of

Grassroots Exploration’s participation in the Subscription are fair and

reasonable insofar as the Company’s shareholders are concerned.