BARYS RESOURCES LIMITED — Share Issue/Capital Change 2015

Nov 15, 2015

ASX ANNOUNCEMENT

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EXPIRATION OF OPTIONS

16 November 2015

The Company advises that the following options lapsed unexercised:

Number	Class
300,000	Unlisted Options exercisable at $0.25	on or before	13	November	2015

The remaining capital structure of the Company is as follows:

NumberClass851,199,739Fully Paid Ordinary Shares13,800,000Unlisted Options exercisable at $0.0186 each on or before 17 November 201714,000,000Unlisted Class M Options exercisable at $0.05 each on or before 30 June 20168,000,000Unlisted Class N Options exercisable at $0.034 each on or before 17 October 201610,000,000Unlisted Class O Options exercisable at $0.037 each on or before 19 October 20171,000,000Unlisted Class P Options exercisable at $0.05 each on or before 30 November 2016, subjectto vesting conditions (30 day VWAP for MNE Shares is $0.12 or higher)2,000,000Unlisted Class Q Options exercisable at $0.05 each on or before 30 June 20163,000,000Unlisted Class R Options exercisable at $0.019 on or before 9 March 201915,000,000Unlisted Class U Options exercisable at $0.015 each on or before 15 July 201788,888,889Unlisted Class U Options exercisable at $0.015 each on or before 30 July 20178,700,000Unlisted Class V Options exercisable at $0.0073 each on or before 16 July 2018	berClass199739Fully P	aid Ordinary Shares
	, 00,000Unliste00,000Unliste	d Options exercisable atd Class M Options exerci	$0.0186 each on or befsable at $0.05 each on	ore 17 Novemberor before 30 June	20172016
	0,000Unliste00,000Unliste	d Class N Options exercisd Class O Options exercis	able at $0.034 each onable at $0.037 each on	or before 17 Octoor before 19 Octo	ber 2016ber 2017
	0,000Unlisteto vest0,000Unliste	d Class P Options exerciing conditions (30 day Vd Class Q Options exercis	able at $0.05 each onWAP for MNE Shares is $ able at $0.05 each on o	r before 30 Nove0.12 or higher)r before 30 June 2	mber 2016, subject016

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

Winton Willesee Chairman Metallum Limited wwillesee@metallum.com.au P: + 61 8 9322 4328

About Metallum Limited

Metallum Limited (ASX: MNE) is an Australian-based company that acquires and develops copper and gold projects around the world. The Company currently has interests in the El Roble region in Chile, as well as the Comval Copper Project in the Philippines, and its Australian-based project, Teutonic Project.

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