BARYS RESOURCES LIMITED — Capital/Financing Update 2017

Nov 7, 2017

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Notice under Section 708A(5)(e) of the Corporations Act

ASX ANNOUNCEMENT 8 November 2017

Following today’s issue of 298,750,000 fully paid ordinary shares ( Shares ) and 55,000,000 options exercisable at $0.06 each on or before 8 November 2020 ( Options ), the Company provides the following notice:

Secondary Trading Notice Pursuant to Paragraph 708A(5)(e) of the Corporations Act 2001 ("Act")

The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By giving this notice, a sale of the Shares noted above will fall within the exemption in section 708A(5) of the Act.

The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:

• (a) the Company issued the Shares without disclosure to investors under Part 6D.2 of the Act;

• (b) as at the date of this Notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and

• (c) Other than as stated below, as at the date of this Notice there is no information:

  • (i) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

  • (ii) that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

    • (A) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

    • (B) the rights and liabilities attaching to the relevant Shares.

For more information visit the Metallum website at www.metallum.com.au or contact:

Tim Goldsmith Chairman Metallum Limited

Metallum Limited

Suite 5, 62 Ord Street West Perth WA 6005 I Phone +61 (08) 9322 4328 I Fax +61 (08) 9322 5230 I www.metallum.com.au