LCL RESOURCES LIMITED — Capital/Financing Update 2011

Jul 25, 2011

==> picture [219 x 37] intentionally omitted <==

Level 6 122 Walker St North Sydney NSW 2060 Australia T +61 (0)2 9460 1856 F +61 (0)2 9460 1857

26 July 2011

ASX ANNOUNCEMENT

METMINCO APPOINTS CANACCORD GENUITY LIMITED AS NOMAD AND JOINT BROKER AND LIBERUM CAPITAL AS JOINT BROKER ON THE AIM MARKET

The Board of Metminco is pleased to announce the appointment of Canaccord Genuity Limited as its Nominated Adviser and joint Broker on the AIM market with immediate effect.

The Company is also pleased to announce the appointment of Liberum Capital Limited as joint Broker on the AIM market.

==> picture [89 x 56] intentionally omitted <==

William Howe Managing Director

About Metminco:

Metminco is a dual ASX and AIM listed company with a portfolio of copper and gold projects in Peru and Chile. The Los Calatos project located in southern Peru has JORC compliant resources of 926 million tonnes, consisting of Indicated Resources of 111 million tonnes at 0.39% Cu and 380ppm Mo and Inferred Resources of 815 million tonnes at 0.37% Cu and 260ppm Mo (at a 0.2% copper cut-off grade).

The Chilean assets include the Mollacas copper leach project with JORC compliant resources of 17 million tonnes consisting of Indicated Resources of 7.2 million tonnes at 0.56% copper and Inferred Resources of 9.8 million tonnes @ 0.52% copper (at a 0.2% copper cut-off grade); and the Vallecillo gold zinc project with JORC compliant resources of 10.1 million tonnes consisting of Indicated Resources of 7.9 million tonnes @ 1.14g/tAu; 11.4g/tAg; 1.32% Zn; 0.29% Pb and Inferred Resources of 2.2 million tonnes @ 0.78g/t Au; 8.2g/t Ag; 0.58% Zn; 0.26% Pb (at a cut-off grade of 0.3g/t Au).

Competent Persons Statement

The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Colin Sinclair, BSc, MSc, who is a Member of the Australasian Institute of Mining and Metallurgy and is a full-time employee of the Company as General Manager Exploration.

Colin Sinclair has sufficient experience (over 30years) which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is under taking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results’.

For further information please contact :

South America :

William Howe - Managing Director Australia:

Phillip Wing – non- Executive Director Philip Killen - Company Secretary & CFO Ian Howarth (Collins St Media)

Ph: +56 (2) 411 2600

Ph: + 61(0) 412 254 704 Ph: + 61(0) 408 609 916 Ph: + 61(0) 407 822 319

United Kingdom:

Tim Read – non-Executive Director

Nomad and Joint Broker – Canaccord Genuity Limited Andrew Chubb / Robert Findlay

Joint Broker – Liberum Capital Limited Michael Rawlinson / Clayton Bush Tim Thompson / James Strong / Katharine Sutton (Buchanan Communications)

Ph: +44 (0) 7770721809 Ph: +44 (0) 207 050 6500 Ph: 44 (0) 20 3100 2227 Ph: +44 (0) 20 7466 5000