LCL RESOURCES LIMITED — M&A Activity 2019

Jul 25, 2019

ASX Announcement 26 July 2019

==> picture [134 x 39] intentionally omitted <==

==> picture [159 x 41] intentionally omitted <==

Takeover Offer Update

Metminco Limited (ASX: MNC) (“ Metminco ” ) refers to its all scrip takeover offer for 100% of the fully paid shares in Andes Resources Limited (“ Takeover Offer ”) (“ Andes ”) and its new prospectus to raise $2.332 million at an issue price of $0.002 in conjunction with the Takeover Offer (“ New Prospectus ”).

Metminco is pleased to announce that, in accordance with section 654C(1) of the Corporations Act 2001 (Cth), Metminco today gave notice to Andes that its voting power in Andes has risen over 75% following receipt of acceptances under the Takeover Offer.

Metminco is pleased to confirm that dispatch of its New Prospectus to all eligible shareholders who held shares in either Metminco or Andes at the record date, was completed yesterday.

For further enquiries contact:

Kevin Wilson Jason Stirbinskis Executive Chairman Managing Director Metminco Limited Andes Resources Limited kwilson@metminco.com.au jason@andesresources.com +61 409 942 355 +61 407 417 944

1