FireFly Metals Ltd. — Capital/Financing Update 2019

Feb 10, 2019

ASX: AUT

11 February 2019

==> picture [195 x 61] intentionally omitted <==

Auteco Minerals Limited

SUCCESSFUL CAPITAL RAISING COMPLETED

HIGHLIGHTS

• Auteco to complete placement to sophisticated investors to raise $500,000

• Strengthens cash position to advance the Limestone Well Vanadium Project and assess new project opportunities in both Australia and internationally

Auteco Resources Limited (“Auteco” or the “Company”) is pleased to announce that it has received commitments for a placement to raise $0.5 million (before costs) via the issue of 100 million shares at an issue price of $0.005 per share (“Placement”).

The Placement is subject to shareholder approval (expected mid-March 2019) and the funds raised will bring Auteco’s cash balance to approximately $0.8M.

Executive Director Sam Brooks stated, “Auteco is pleased to welcome new investors to support the company and strengthen the company’s cash position. Auteco is now in an excellent position to move forward with our ongoing exploration at Limestone well and assess new opportunities with the new management team”.

CORPORATE DIRECTORY

Executive Director Sam Brooks

Non-Executive Director Ian Gordon

Non- Executive Director CONTACT DETAILS Michael Naylor

A: Principal & Registered Office Ground Floor 70 Hindmarsh Square Adelaide SA 5000

For further information please contact:

Mr Sam Brooks Executive Director Auteco Minerals Ltd Ph: 0427 751 582 Email: sbrooks@autecominerals.com.au