ARIKA RESOURCES LIMITED — Capital/Financing Update 2017

Oct 1, 2017

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Metalicity Limited 6 Outram Street West Perth WA 6005 Ph: + 61 8 9324 1053 Fax: +61 8 9324 3366 Web: www.metalicity.com.au

ASX Code: MCT

2 October 2017

ASX Compliance Pty Ltd Level 40, Central Park, 152-158 St Georges Terrace Perth WA 6000

NOTICE OF RELEASE OF SECURITIES FROM ESCROW

As announced on the 5 October 2015 the following shares and options issued to the Directors of the Company were subject to escrow for a period of 24 months from the date of re-compliance and official quotation of the securities of the Company.

Securities	Number	Escrow Period
FullyPaid OrdinaryShares	5,000,000	24 months from re-compliance
Unlisted Options	14,375,000	24 months from re-compliance

Accordingly these securities will be released from Escrow on 9 October 2017 being the first business day following 24 months from the re-compliance date.

Yours sincerely,

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Neil Hackett

Company Secretary

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