BARYS RESOURCES LIMITED — Share Issue/Capital Change 2015

Jun 30, 2015

1 July 2015

ASX ANNOUNCEMENT

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EXPIRATION OF OPTIONS

The Company advises that the following options lapsed unexercised:

Number Class 140,042,820 Listed Options exercisable at $0.05 on or before 30 June 2015

The Company also notes 3,750,000 Unlisted Class J Options exercisable at $0.20 each will expire at 5.00pm (WST) today, 1 July 2015

The remaining capital structure of the Company is as follows:

Number Class

• 715,674,298 Fully Paid Ordinary Shares 13,800,000 Unlisted Options exercisable at $0.0186 each on or before 17 November 2017 300,000 Unlisted Class L Options exercisable at $0.25 each on or before 13 November 2015 12,000,000 Unlisted Class M Options exercisable at $0.05 each on or before 30 June 2016 8,000,000 Unlisted Class N Options exercisable at $0.034 each on or before 17 October 2016 10,000,000 Unlisted Class O Options exercisable at $0.037 each on or before 19 October 2017 1,000,000 Unlisted Class P Options exercisable at $0.05 each on or before 30 November 2016, subject to vesting conditions (30 day VWAP for MNE Shares is $0.12 or higher)

• 2,000,000 Unlisted Class Q Options exercisable at $0.05 each on or before 30 June 2016 3,000,000 Unlisted Class R Options exercisable at $0.019 on or before 9 March 2019 15,000,000 Unlisted Class S Options exercisable at $0.015 each on or before 15 July 2017 1 Convertible Security with an outstanding face value of US$160,850

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

Zeffron Reeves Managing Director Metallum Limited zreeves@metallum.com.au P: + 61 8 9322 4328

Phil Retter Investor Relations NWR Communications phil@nwrcommunications.com.au P: +61 407 440 882

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

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About Metallum Limited

Metallum Limited (ASX: MNE) is an Australian-based company that acquires and develops copper and gold projects around the world, with a focus on Chile. The Company has an interest in the highly prospective, high-grade El Roble Copper Project in Region III of Chile, targeting IOCG-style copper and gold mineralisation. The Company is focused on achieving growth and shareholder value through the development of near-term, small-scale mining operations at El Roble which will enable self-funded growth into the future. El Roble is ideally located 25km from the port of Caldera and within 80km of two copper toll treatment plants within the world class Atacama IOCG region, which has a history of high-grade copper production.

Metallum also has an interest in the Comval Copper Project in the Philippines, and its Australian-based project, Teutonic, which is prospective for gold and base metal mineralisation.

Metallum has a strong Board and management team with considerable technical, commercial and corporate experience in the resources sector.

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