ANDROMEDA METALS LIMITED — Capital/Financing Update 2017

Dec 21, 2017

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22 December 2017

Company Announcements Office Australian Securities Exchange Limited PO Box H224 Australia Square NSW 1215

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

On 21 December 2017 Andromeda Metals Limited (ASX: ADN) completed the placement of 30,000,000 fully paid ordinary shares at an issue price of $0.005 per share to the vendors of Mylo Gold Pty Ltd and Frontier Exploration Pty Ltd in part settlement of the acquisition by the Company of these two companies which together hold three gold prospective tenements in the Pilbara region of Western Australia. An Appendix 3B has been released with respect to the share issue.

In accordance with the requirements of section 708A(5)(e) of the Corporations Act 2007 (Act), under which this notice is given, the Company confirms that:

1. The issued Shares are part of the class of ordinary shares quoted on ASX.

2. The Company issued the Shares without disclosure to investors under Part 6D.2 of the Act, in reliance on sections 708 and that notification is being given under 708A(5)(e) of the Act.

3. As at the date of this notice:

   • (a) the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company;

   • (b) the Company has complied with section 674 of the Act; and

4. As at the date of this notice, there is no information:

   • (a) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

   • (b) that investors and their professional advisers would reasonably require, and would reasonably expect to find in a disclosure document, for the purpose of making an informed assessment of:

     • i. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

     • ii. the rights and liabilities attaching to the issued Shares.

Yours sincerely

Chris Drown Managing Director

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