9 January 2013

ASX Market Announcements

ASX Limited

Level 4

20 Bridge Street

SYDNEY NSW 2000

Dear Sir/Madam

APPENDIX 3B - EXERCISE OF LISTED OPTIONS

Please find enclosed an Appendix 3B in relation to the allotment of 196,110 ordinary fully paid shares in Catalyst Metals Limited (Company) following the exercise of listed options in the Company. The options are due to expire on 15 January 2013.

Notice given under Section 708A(5) of the Corporations Act 2001

The shares are part of a class of securities quoted on the Australian Securities Exchange.

The shares were issued without disclosure to the investors under Part 6D.2, in reliance on

Section 708A(5) of the Corporations Act 2001.

The Company, as at the date of this notice, has complied with:

(a) the provisions of the Chapter 2M of the Corporations Act 2001; and

(b) Section 674 of the Corporations Act 2001.

There is no excluded information as at the date of this notice, for the purposes of Sections

708A(7) and (8) of the Corporations Act 2001 that has not already been disclosed to investors generally.

Yours faithfully

FRANK CAMPAGNA

Company Secretary

Level 3, 50 Colin Street West Perth WA 6005 PO Box 778, Claremont WA 6910

Telephone: (61-8) 9383 2825 Facsimile: (61-8) 9284 5426 www.catalystmetals.com.au ABN 54 118 912 495

Appendix 3B New issue announcement

Appendix 3B New issue announcement,

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

application for quotation of additional securities and agreement

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 01/07/96. Origin: Appendix 5. Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12

Name of entity

Catalyst Metals Limited

ABN

54 118 912 495

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).


1 +Class of +securities issued or to be issued Ordinary fully paid shares

2 Number of +securities issued or to be issued (if known)
or maximum number which may be issued
196,110

3 Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if

+convertible securities, the conversion price and dates for conversion)

Ordinary fully paid shares
4 Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted

+securities?

If the additional securities do not rank equally, please state: