LCL RESOURCES LIMITED — Capital/Financing Update 2011

Apr 27, 2011

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

ASX ANNOUNCEMENT

Metminco and Barrick agree on ¨buy back right¨ deal

28 April 2011

The Board of Metminco Limited (Metminco) is pleased to announce that the Company has reached agreement with Barrick Gold Corporation (Barrick) regarding Barrick’s ¨buy back right¨ in connection with Metminco´s Los Calatos copper-molybdenum project in southern Peru.

Under the agreement Barrick has surrendered it´s ¨buy back right¨ in return for Metminco issuing to Barrick a total of 75 million fully paid ordinary shares in Metminco. Barrick will hold approximately 5.1% of the issued capital of Metminco post this transaction and the purchase of MN Ingenieros Limitada´s 50% interest in SCM Ovalle in Chile and simultaneous capital raising.

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William Howe Managing Director