ARIKA RESOURCES LIMITED — Capital/Financing Update 2015

Jul 14, 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

ASX Code: PLD 15[th] July 2015

Admiral Bay Zinc Project Acquisition Update

PLD Corporation Limited ( ASX:PLD ) (“ PLD ” or “ the Company ”) 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 10[th] March 2015), as part of the re-compliance with Chapters 1 and 2 of the ASX Listing Rules.

Shareholder Approval

The Company has recently received shareholder approval of all resolutions proposed including the significant change to the nature or scale of its activities as a result of the acquisition of the Admiral Bay Zinc Project and Rocky Gully Nickel-Copper Projects (Refer to ASX Announcement 2[nd] July 2015).

Regulatory Approval

The Company has recently lodged its Listing Application with the ASX and paid its Listing Application Fee to the ASX as part of the re-compliance with Chapters 1 and 2 of the ASX Listing Rules. The Company expects to receive condition approval for re-listing soon.

Consolidation of Capital

As part of the Company’s proposed re-compliance with Chapters 1 and 2 of the Listing Rules, the Company has undertaken a consolidation of its capital on a 1 for 2 basis and cancelled outstanding management options. Further details of the proposed capital structure following completion of the acquisition are set out below.

Proposed Shares on Issue 367,644,906 Proposed Options on Issue 57,500,000

Change of Company Name and ASX Code

As approved by shareholders on 2[nd] July the Company has reserved its proposed new name with ASIC to Metalicity Limited to reflect the change in nature of business activities with a focus on the development of base metal assets. Following this, the Company has also reserved the ASX Code MCT with the ASX. The Company expects to lodge a form with ASIC to request the change of its name to Metalicity Limited shortly.

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

Change of Registered Address

The Company has also recently moved its registered address to:

6 Outram Street West Perth WA 6005 PO Box 1227, West Perth WA 6872

Phone: +61 8 9324 1053 Fax: +61 8 9324 3366 Mobile: +61 403 535 391 Email: info@metalicity.com.au

New Company Website

The Company has also launched a new website with the relevant company, project and investor information available at www.metalicity.com.au and shareholders are encouraged to register their email for investor updates.

Table 1. Updated Indicative Timetable

Action	Target Days
Suspension from OfficialQuotation	2nd July2015
Completion of Acquisition	27th July2015
Satisfaction of Requirements of Chapter 1 & 2 of the ListingRules	27th July2015
Re-instatement to tradingon the ASX	4th August 2015

For More Information:

Matt Gauci David Tasker Managing Director Professional Public Relations T: +61 8 9324 1053 T: +61 8 9388 0944