LCL RESOURCES LIMITED — Capital/Financing Update 2018

May 21, 2018

`

==> picture [220 x 36] intentionally omitted <==

.

22[nd] May 2018

Company Announcements Office Australian Securities Exchange 20 Bridge Street Sydney NSW 2000

Dear Sir/Madam

Issue of 68,734,589 Shares & 22,911,530 Options – Cleansing Notice

Notification Pursuant to Paragraph 708A(5)(e) of the Corporations Act 2001 (Act) .

We refer to the placement of 68,734,589 fully paid ordinary shares (Shares ) at an issue price of A$0.008 per Share and the issue of 22,911,530 new options ( Placement ) by Metminco Limited ACN 119 759 349 (ASX: MNC) ( Company ) on 22[nd] May 2018.

Cleansing Notice

In making the Placement, the Company relies on section 708A(5) of the Act and notifies the ASX under section 708A(5)(e) that:

• (a) the Company issued the Shares without disclosure to investors under Part 6D.2 of the Act;

• (b) the Company is providing this notice under section 708A(5)(e) of the Act;

• (c) as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and

• (d) as at the date of this notice there is no information:

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

  • (ii) that investors and their professional advisors would reasonably require for the purpose of making an informed assessment of:

    • (A) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

    • (B) the rights and liabilities attached to the Shares.

Metminco Limited

Geoffrey Widmer Joint Company Secretary

Level 4, 6 Help Street t (612) 9460 1856 Metminco Limited Chatswood NSW 2067 ACN 119 759 349 Australia