Ann: CFE to secure an EPCF provider to fund and develop Kipushi, page-14

Frankfurt am Main, 21/12/18:

Cape Lambert Resources Limited Update Tailings Project Kipushi

DGWA ("Deutsche Gesellschaft für Wertpapieranalyse GmbH") reports on the progress of Cape Lambert Resources Limited's (ASX: CFE, FRA: HM5) Kipushi Cobalt Copper Tailings Project (Kipushi Project) in the Democratic Republic of Congo (DRC), Kipushi.

In early October 2018, Solutions for Africa, the drilling contractor, completed a total of 432 metres of drilling in 47 holes. Samples were submitted to ALS's Lubumbashi laboratory for analysis and results are expected in late January due to laboratory delays and Christmas holidays.Upon receipt of the results, preparations will commence for a mineral resource estimate for the tailings basin.

Kobu Capital, which has been commissioned to search for a provider of design, procurement, construction and financing (EPCF) services (see December 18, 2018 press release), has also announced that technological advances will substantially reduce the cost of the tailings processing facility from the previously calculated cost.

Further information can be found in the latest press release and on the website.

DGWA GmbH

Kaiserhof Street 13

D-60313 Frankfurt am Main,

Germany

E-mail: [email protected]

Website: www.DGWA.org