Release of Shares from Escrow

22 September 2017

In accordance with Listing Rule 3.10A, Cauldron Energy Limited (ASX: CXU) (the Company) advises that 8,474,588 fully paid ordinary shares (Escrowed Shares) will be released from voluntary escrow on 4 October 2017.

The Escrowed Shares, which were acquired by a series of investors via off market transfers, are subject to voluntary escrow provisions for 6 months from 4 April 2017.

Yours faithfully

Catherine Grant-Edwards Company Secretary

ABN 22 102 912 783

32 Harrogate Street, West Leederville WA 6007

PO Box 1385, West Leederville WA 6901

ASX code: CXU 329,289,708 shares

20,000,000 unlisted options

Tony Sage Executive Chairman

Qiu Derong

Non-executive Director

Judy Li

Non-executive Director

Nicholas Sage

Non-executive Director

Chenchong Zhou

Non-executive Director

Catherine Grant-Edwards Company Secretary

32 Harrogate Street, West Leederville WA 6007 Ph: (+618) 9380 9555 Fax: (+618) 9380 9666 PO Box 1385, West Leederville WA 6901 Web: www.cauldronenergy.com.au