LCL RESOURCES LIMITED — Capital/Financing Update 2019

Mar 31, 2019

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ASX Announcement

1 April 2019

Metminco Completes Convertible Notes Issue of $918,000 to Support Proposed Merger with Andes Resources

Metminco Limited (ASX: MNC) (“ Metminco” or “the Company”) is pleased to announce that on 29[th] March 2019 it completed the issue of 306 unsecured convertible notes raising $918,000 (before costs). The Convertible Notes are unlisted and convertible into fully paid listed shares on the successful completion of the proposed merger with Andes Resources Limited (“ Proposed Merger ”), as announced on Wednesday, 13 March 2019.

The details of the Convertible Note Terms were announced in the ASX release 15 March 2019.

Use of the proceeds from the Convertible Notes will include funding the Company’s working capital requirements and progressing the Proposed Merger.

For further enquiries contact:

Kevin Wilson Executive Chairman Metminco Limited kwilson@metminco.com.au +61 409 942 355

Suite 3, Level 2, 470 Collins street, Melbourne, Victoria, Metminco Limited ABN 43 119 759 349 3000 ASX Code: MNC. Tel: +61 (0) 3 9867-7199; Fax: +61 (0) 3 9867-8587 www.metminco.com.au