FireFly Metals Ltd. — Capital/Financing Update 2016

Feb 28, 2016

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MARKET RELEASE

29 February 2016

Monax Mining Limited

TRADING HALT

The securities of Monax Mining Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Wednesday, 2 March 2016 or when the announcement is released to the market.

Security Code: MOX

Ivan Tatkovich

ADVISER, LISTINGS COMPLIANCE

20 Bridge Street www.asx.com.au Sydney NSW 2000 Customer service 13 12 79

ASX Compliance Pty Limited ABN 26 087 780 489

Exploration Office Level 3, 100 Pirie Street ADELAIDE SA 5000

ABN: 96 110 336 733

Tel: +61 8 8232 8320 Fax: +61 8 8232 8811 www.monaxmining.com.au

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29 February 2016

Mr Ivan Tatkovich Adviser, Listings Compliance ASX Compliance Pty Ltd 20 Bridge Street Sydney NSW 2000

Dear Sir,

Request for Trading Halt

The Directors of Monax Mining Limited (“Monax” or “the Company”) request the Australian Stock Exchange (“ASX”) grant an immediate trading halt to the Company’s securities (ASX Code: MOX), pending an announcement regarding a planned capital raising. The Company will remain in pre-open until the earlier of the commencement of normal trading on Wednesday, 2 March 2016 or when the announcement is released to the market.

The Directors confirm that there are no reasons as to why the trading halt should not be granted by the ASX.

Yours faithfully

Kaitlin Smith

Company Secretary