ARIKA RESOURCES LIMITED — Board/Management Information 2018

May 8, 2018

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ASX RELEASE: 9 MAY 2018

KIMBERLEY MINING PRESIDENT AND CEO APPOINTED

Metalicity Limited (ASX:MCT) (“Metalicity” or “Company”) is pleased to announce that it has appointed Mr Tom Panoulias as President and Chief Executive Officer of Kimberley Mining Limited (Kimberley Mining) to lead the company through an Initial Public Offering (IPO) on the TSX-V targeting the September Quarter 2018.

As recently announced, Metalicity has commenced the process of listing its 100% owned Admiral Bay Zinc Project on the TSX-V, to be owned by Metalicity’s Vancouver based company Kimberley Mining, and has appointed highly credentialed Toronto based directors, and leading North American brokers. Kimberley Mining is targeting a C$30M capital raising upon listing on the TSX-V to progress Admiral Bay through a PreFeasibility Study (PFS) towards production.

Mr Panoulias is a capital markets professional with over 15 years of experience. Mr. Panoulias previously worked at Echelon Wealth Partners, Fraser Mackenzie, and Dundee Capital Markets, raising over C$1B for company’s in the mining sector and advising senior management teams on numerous M&A transactions and advisory services. Prior to entering capital markets, Mr. Panoulias held senior roles at Kinross Gold in Corporate Development, responsible for managing various acquisition/divestiture activities and identifying business opportunities aligned to the company’s corporate strategy. Tom holds an Honours Bachelor of Commerce degree from the University of Toronto and is a member of the Canadian Institution of Mining and Metallurgy and the Toronto Society of Financial Analysts.

Commenting on the appointment, Metalicity Managing Director Matt Gauci said:

“We welcome Tom to the team as Kimberley Mining progresses a listing on the TSX-V. Tom was instrumental in the recent North American Institutional placement for Metalicity and is well acquainted with the Admiral Bay project, the Kimberley Mining board and Metalicity institutional investors. Tom’s mining and capital markets background adds significant experience to the recently appointed board of Kimberley Mining, while building on the management team to lead the company through the IPO process.”

ENQUIRIES

Investors Australian Investor Relations Canadian Investor Relations Matt Gauci David Tasker Spyros Karellas Managing Director Chapter One Advisors Pinnacle Capital Markets +61 8 9324 1053 +61 433 112 936 / +61 439 980 359 +1 416 433 4696 mgauci@metalicity.com.au dtasker@chapteroneadvisors.com.au spyros@pinnaclecapitalmarkets.ca

About Metalicity Limited

Metalicity Limited is an Australian exploration company with a primary focus on the base metals sector and the development of a pipeline of zinc projects including the large-scale Admiral Bay Zinc Project and the highgrade Napier Range Zinc Project, both located in the Kimberley region of Western Australia. The Company’s secondary focus is the lithium and cobalt sector with early stage exploration projects located in existing world class and/or emerging districts for lithium and cobalt. The Company is supported by a management team with significant collective experience in the resources sector as well as private equity, institutional and retail funds.

Metalicity Limited ASX Code: MCT ABN: 92 086 839 992

www.metalicity.com.au 6 Outram Street West Perth WA 6005