MACRO METALS LIMITED — Capital/Financing Update 2012

Feb 28, 2012

29 February 2012

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Energio Limited

ABN: 28 001 894 033

Company Announcements Platform Australian Securities Exchange Level 5 20 Bridge Street SYDNEY NSW 2000

ASX ANNOUNCEMENT ENERGIO PROSPECTUS OFFER CLOSES OVERSUBSCRIBED AND COMPLETION OF ACQUISITIONS

21 Teddington Road Burswood WA 6100

PO BOX 6918 East Perth WA 7892

T: (08) 9468 2333 F: (08) 9355 4580

www.energio.net.au

Australian based iron ore exploration and development company, Energio Limited (ASX:EIO) (“Energio” or the “Company”) is pleased to announce that completion has occurred for the purchase by Energio of 100% of the fully paid ordinary shares in KCM Nigeria, via:

• (a) the purchase from TGP Australia Limited of all of the fully paid shares of KCMH Australia (which owns 75% of the shares in KCM Nigeria); and

• (b) the acquisition of the remaining 25% of the ordinary fully paid shares in KCM Nigeria from Bedford CP Nominees Pty Ltd.

The final consideration for these acquisitions was:

• (a) 85,766,667 ordinary shares in the Company to TGP Australia Ltd as consideration for the sale of KCMH Australia (and its 75% interest in KCM Nigeria) under the terms of the Sale and Purchase Agreement with TGP Australia Ltd; and

• (b) 15,583,067 ordinary shares in the Company to Bedford CP Nominees Pty Ltd as consideration for the sale of its 25% interest in KCM Nigeria under the terms of the Share Sale Agreement with Bedford CP Nominees Pty Ltd.

In addition, the Company has successfully closed its recent prospectus with subscriptions received in excess of the 11,250,000 shares ($2.25m) on offer and the issue of an additional 3,250,000 shares ($650,000) in oversubscriptions, for a total raising of $2,900,000.

As such, apart from some ASX formalities, all of the requirements necessary for the re-listing of the Company have now occurred. The Company will now move to finalise re-compliance with Chapters 1 and 2 of the ASX Listing rules as soon as possible.

-Ends-

Sean Henbury

Company Secretary