ARIKA RESOURCES LIMITED — Capital/Financing Update 2018

Jan 31, 2018

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MARKET RELEASE

1 February 2018

Metalicity Limited

SUSPENSION FROM OFFICIAL QUOTATION

The securities of Metalicity Limited (the “Company”) will be suspended from official quotation immediately, at the request of the Company pursuant to listing rule 17.2, pending the release of an announcement regarding a capital raising.

Security Code: MCT

Madeleine Green Adviser, ASX Listings Compliance (Perth)

Level 40, Central Park 152-158 St Georges Terrace Perth WA 6000

ASX Compliance Pty Limited ABN 26 087 780 489

www.asx.com.au Customer service 13 12 79

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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

31 January 2018

Isabelle Andrews Adviser, Listings Compliance (Perth) ASX Compliance Pty Ltd Level 40, Central Park, 152-158 St Georges Terrace Perth WA 6000

By Email: tradinghaltsperth@asx.com.au; isabelle.andrews@asx.com.au

Dear ASX

REQUEST FOR VOLUNTARY SUSPENSION: METALICITY LTD (ASX: MCT)

Pursuant to Listing Rule 17.2, and further to the Company’s current Trading Halt, the Board of directors of Metalicity Ltd (“MCT” or “The Company”) request a Voluntary Suspension of the Company's securities pending the release of an Announcement regarding a capital raising.

The Company requests that the voluntary suspension remain in place until the company makes an announcement to the market in relation to the capital raising. The Company anticipates an announcement to be made in relation to the capital raising prior to the commencement of trading on Friday 2 February 2018.

We confirm the Company is in compliance with LR3.1 and are not aware of any reason why the Company’s request should not be granted.

Yours sincerely,

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Neil Hackett Company Secretary

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