ECHOIQ LIMITED — Capital/Financing Update 2015

Dec 7, 2015

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ASX ANNOUNCEMENT

8 DECEMBER 2015

ASX: PML

NOTICE PURSUANT TO CHAPTER 6D.2 AND 6D.3 OF THE CORPORATIONS ACT

On 8 December 2015 Parmelia Resources Limited (Company) announced a non-renounceable Entitlement Issue on the basis of 1 New Share for every 4 Shares held at the Record Date at an Issue Price of 3.5 cents to eligible shareholders.

Notice under section 708A(6) of the Corporations Act

The Company hereby notifies that:

1. the Company has issued the shares without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (the Act);

2. the Company is providing this notice in accordance with this exemption;

3. as at today’s date, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company;

4. as at today’s date, the Company has complied with section 674 of the Act;

5. as at today’s date, there is no information:

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

   • b. that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

     • i. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

     • ii. the rights and liabilities attaching to the Shares.

Jay Stephenson COMPANY SECRETARY