Ann: Exploration Update - Lithium Brine Projects, page-3

SX Announcement 8 August 2017 Exploration Update ñ Lithium Brine Projects Caeneus Minerals Limited (ASX: ìCADî or ìthe Company) is pleased to provide the following exploration update on its 100% owned Lithium Brine Projects in Nevada, USA. Lida Valley: As announced previously (ASX Announcement dated 24 July 2017), drilling of the first two holes (LV17-2 & LV17- 4) at Lida Valley as part of the Phase One Drilling program has been completed and samples have been despatched for analysis. These assay results will be released as soon they become available.

Scottyís South: The Phase One Drilling program (SS-1 & SS-4 ñ refer ASX Announcement dated 14 June 2017) at the Scottyís South Project has been terminated due to difficulties drilling the soft and collapsing ground. No samples could be obtained from the limited amount of drilling that was completed. Consequently, Scottyís South has been placed on hold pending an analysis of alternative measures. The Company is researching the best approach to working at Scottyís South Project as part of future drilling campaigns.

Columbus Marsh: With the drilling program at the Scottyís South Project suspended indefinitely the drilling rig has moved to the Columbus Marsh Project. The Company is highly encouraged by the potential at Columbus Marsh, and notes the significance of the local epithermal systems. Given the soft ground conditions, extensive preparation is taking place at Columbus Marsh to ensure the surface is better prepared to complete the Phase One Drilling Program (CSM-1 ñ refer ASX Announcement 24 July 2017).