BARYS RESOURCES LIMITED — M&A Activity 2016

Jul 18, 2016

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19 July 2016 ASX RELEASE

COMPLETION OF SQUIREL LIMITED DUE DILIGENCE

Further to the announcement on 8 July 2016, Metallum Limited is pleased to provide an update on its proposed acquisition of 100% of the issued capital of Squirel Limited ( Squirrel ).

The Company confirms that due diligence has been satisfactorily completed by both Metallum and Squirrel, each a condition precedent to the proposed acquisition.

Completion of acquisition remains subject to various remaining conditions precedent as described in the announcement released 17 June 2016 including shareholder approval, re-compliance with the admission requirements of Chapters 1 and 2 of the ASX Listing Rules, lodgement of a Prospectus to raise a minimum of $3,000,000 and execution by the Squirrel shareholders of ASX restriction agreements for the consideration shares.

The Company is proceeding with a Notice of General Meeting which will be despatched to all Shareholders in due course.

Both parties look forward to completing the transaction and driving the exciting opportunities for the Squirrel business as a listed company.

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For further information, please contact:

Metallum Limited Ms Shannon Coates Company Secretary (08) 9322 4328

Squirel Limited Damien Linn Chairman & CEO (02) 8823 7999

Squirel Ltd ACN 605 835 514 Level 7, 50 King Street, Sydney NSW 2000 P. 61 2 8823 7999 E. save@squirrelsuper.com.au www.squirrelsuper.com.au