MACRO METALS LIMITED — Capital/Financing Update 2017

Jun 26, 2017

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ASX/Media Release (Code ASX:KFE)

27 June 2017

Additional funding of US$75,000

On 10 October 2016, Kogi Iron Limited (ASX:KFE) (the “Company” ) announced that, under a Share Purchase Agreement between the Company and Bergen Global Opportunity Fund, LP ( “Bergen” ) (the “Agreement” ), the Company would receive funding from Bergen (as set out in that announcement). The Company is pleased to announce that the Company and Bergen have agreed that Bergen will provide an additional tranche of funding in the amount of US$75,000, in addition to the funding provided for in the Agreement. This funding is expected to be received this week, and the terms of the Agreement (as set out in the announcement of 10 October 2016) will apply to this funding.

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Telephone: +61 8 9200 3456 Facsimile: +61 8 9200 3455 Website: www.kogiiron.com

Kogi Iron Limited ABN 28 001 894 033 KCM Mining Limited (Nigerian Subsidiary)

PO Box 1934 West Perth Western Australia 6872 Australia

Unit 23, 4 Ventnor Avenue West Perth Western Australia 6005 Australia