Day Trading 1 Mar Pre Market, page-4

Melbourne, Australia – Robert Friedland, Co-Chairman of Clean TeQ Holdings Limited
(CLQ:ASX; CTEQF:OTCQX), and Sam Riggall, Co-Chairman and CEO, today announced
the formation of a strategic partnership with Pengxin International Mining Co. Ltd.
(‘Pengxin Mining’), part of the Shanghai Pengxin Group Co. Ltd (‘Pengxin Group’), to
facilitate the development of the Company’s Syerston Nickel Cobalt Scandium Project in New
South Wales, Australia. The Syerston Project is one of the largest accumulations of cobalt
outside of Africa, and one of the largest and highest-grade scandium deposits in the world.
Pengxin Mining has agreed to make an initial private placement investment of approximately
A$81 million in Clean TeQ, to be used primarily for the development of Syerston, by
purchasing 92,518,888 new Clean TeQ common shares at an issue price of A$0.88 per
share. The issue price represents a 17% premium to the 20-day volume-weightedaverage
ASX quoted price of Clean TeQ shares up to and including 28 February 2017
of A$0.75 per share.