Centaurus Metals : Directors Increase Equity Position with Option Exercise

AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

AND MEDIA RELEASE

Didier Murcia	Darren Gordon	Bruno Scarpelli	Mark Hancock	Chris Banasik
Chair	Managing Director	Executive Director	Non-Executive Director	Non-Executive Director
Opening (previous App 3Y)	1,338,633	6,118,879	666,667	728,920	583,334
Divested	500,000	450,000	Nil	250,000	150,000
Option Exercise	933,334	666,667	500,000	633,334	516,667
Closing (Current App 3Y)	1,771,967	6,335,546	1,166,667	1,112,254	950,001

21 April 2022

CENTAURUS DIRECTORS INCREASE EQUITY POSITION

WITH EARLY OPTION EXERCISE

Directors and Key Management Personnel now hold 4.1% of Centaurus following $1.05 million investment

Centaurus Metals (ASX Code: CTM, OTCQX: CTTZF) is pleased to advise that the Directors and Key Management Personnel of the Company have collectively invested a further $1,052,700 and increased their equity position in Centaurus following the early exercise of 31 May 2022 options. A summary of the increased equity position for Directors is set out in the table below with each Director's individual share movement reflected in the attached Appendix 3Ys.

Concurrent with the exercise of the options, the Directors also took the opportunity during an open trading window following the release of the annual financial statements to sell a small number of existing shares to assist in meeting the exercise proceeds and to cover potential tax exposures arising from the exercise process.

Table 1 - Summary of Directors' Equity Position in the Company

Following the exercise of options, the Directors and Key Management Personnel collectively hold 4.1% of the ordinary shares on issue.

Centaurus Chair, Didier Murcia, commented: "This represents a strong vote of confidence in the Company's future as it strives to become a leading nickel sulphide producer with sector-leading ESG credentials.

"Importantly, given their significant equity holding in the Company, the board and senior leadership team is strongly aligned with all shareholders who will benefit from the growth and success of the Company as it moves to the next level as an emerging global mid-tier nickel miner."

Australian Office Centaurus Metals Limited Level 2, 1 Ord Street West Perth WA 6005 AUSTRALIA

Brazilian Office

ASX: CTM

Centaurus Brasil Mineração Ltda Avenida Barão Homem de Melo, 4391 Salas 606 e 607 - Estoril

ACN 009 468 [e-mail]: [phone]

CEP: 30.494.275, Belo Horizonte MG BRAZIL

AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT & MEDIA RELEASE

Centaurus Metals has issued these shares without disclosure to investors under section 708A(5) of the Corporations Act 2001 (Cth) (Corporations Act).

For further enquiries please contact:	Authorised for Release by
Nicholas Read	Didier Murcia
Read Corporate	Chair
M: [phone]	Centaurus Metals Ltd
T: [phone]	T: [phone]

With reference to the shares issued, in accordance with section 708A(6) of the Corporations Act 2001 (Cth) (Corporations Act), the Company gives notice under paragraph 708A(5)(e) that:

• 1. As at the date of this notice, Centaurus Metals Limited has complied with:

  • (a) the provisions of Chapter 2M of the Corporations Act 2001 (Cth) as they apply to it; and

  • (b) Section 674 of the Corporations Act 2001 (Cth).

• 2. There is no excluded information as defined in Section 708A(7) and (8) of the Corporations Act 2001 (Cth) as at the date of this notice.

An Application for Quotation of securities has been lodged with the ASX.

-ENDS-

Page2

Appendix 3Y - Centaurus Metals Limited

Change of Director's Interest Notice

Rule 3.19A.2

Appendix 3Y

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest	Tohei Pty Ltd of which Didier Murcia is a beneficiary. MPH Resources P/L, Digrevni Investments P/L and Storm Enterprises P/L of which Didier Murcia is a director.
Date of change	13 April 2022 for disposal of ordinary shares 21 April 2022 for exercise of unlisted options
No. of securities held prior to change Indirect	1,338,633 ordinary shares 2,133,334 unlisted options
Class	Fully paid ordinary shares Unlisted options
Number acquired	933,334 ordinary shares
Number disposed	500,000 ordinary shares 933,334 unlisted options
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation.	$1.45 per ordinary share disposed Average exercise price of $0.323 per unlisted option exercised
No. of securities held after change Indirect	1,771,967 ordinary shares 1,200,000 unlisted options

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity: Centaurus Metals Limited ABN: 40 009 468 099

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Didier Marcel Murcia
Date of last notice	2 June 2021

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

+ See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y - Centaurus Metals Limited Change of Director's Interest Notice

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back.

Sale of ordinary shares on market Exercise of unlisted options and conversion to ordinary shares

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	Nil
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed.
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation.
Interest after change

Part 3 - +Closed period

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

Date of Notice: 21 April 2022

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y - Centaurus Metals Limited

Change of Director's Interest Notice

Rule 3.19A.2

Appendix 3Y

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	The Gordon Family Trust The D&N Gordon Superannuation Fund Darren Peter Gordon is a trustee and beneficiary.
Date of change	13 April 2022 for disposal of ordinary shares 21 April 2022 for exercise of unlisted options
No. of securities held prior to change Indirect	6,118,879 ordinary shares 3,266,298 unlisted options
Class	Fully paid ordinary shares Unlisted options
Number acquired	666,667 ordinary shares
Number disposed	450,000 ordinary shares 666,667 unlisted options
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation.	$1.45 per ordinary share disposed $0.225 per unlisted option exercised
No. of securities held after change Indirect	6,335,546 ordinary shares 2,599,631 unlisted options
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back.	Sale of ordinary shares on market Exercise of unlisted options and conversion to ordinary shares

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity: Centaurus Metals Limited ABN: 40 009 468 099

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Darren Peter Gordon
Date of last notice	23 March 2022

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

+ See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1