ARIKA RESOURCES LIMITED — Capital/Financing Update 2015

Jul 29, 2015

6 Outram Street, West Perth WA 6005 PO Box 1227, West Perth WA 6872 Phone: +61 8 9324 1053 Fax: +61 8 9324 3366

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Proposed ASX Code: MCT 30[th] July 2015

Admiral Bay Zinc Project Acquisition Update

Metalicity Limited ( Proposed ASX:MCT ) (“ MCT ” or “ the Company ”) (Formerly known as PLD Corporation Limited) is pleased to report an update on the acquisition and financing of the Admiral Bay Zinc Project (Admiral Bay) and Rocky Gully Nickel-Copper Projects (Rocky Gully) (Refer to ASX Announcement 15[th] July 2015), as part of the re-compliance with Chapters 1 and 2 of the ASX Listing Rules.

While all major milestones have been met according to plan, minor delays in completing various agreements have slightly deferred completion and hence re-instatement to the ASX. The updated timetable is set out below:

Table 1. Updated Indicative Timetable

Action	Target Days
Suspension from OfficialQuotation	2nd July2015
Completion of Acquisition	12th August 2015
Satisfaction of Requirements of Chapter 1 & 2 of the ListingRules	12th August 2015
Re-instatement to tradingon the ASX1	19th August 2015

1. Subject to ASX internal approvals process and timing

For More Information:

Matt Gauci Managing Director T: +61 9324 1053

David Tasker Professional Public Relations T: +61 8 9388 0944