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MEC RESOURCES LIMITED Capital/Financing Update 2008

May 18, 2008

65353_rns_2008-05-18_c081ad4e-6a61-4d9f-84a2-b4672ab8f0a0.pdf

Capital/Financing Update

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19 May 2008

Companies Announcements Office Australian Stock Exchange Limited 10[th] Floor, 20 Bond Street SYDNEY NSW 2000

Release of Shares from Escrow

Pursuant to ASX Listing Rule 3.10A, we advise that the following securities will be released from escrow on Thursday, 29[th] May 2008.

Fully paid ordinary shares: 18,778,589

Unlisted Options exercisable at 21 cents: 9,000,000

MEC Resources Limited (ASX code: MMR) will seek quotation of the above securities with effect from 29[th] May 2008.

Yours sincerely,

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Deborah Ambrosini Company Secretary

MEC Resources Ltd

ACN 113 900 020 PO Box 317, North Perth, WA 6906 14 View Street, North Perth 6006, Western Australia T: +61 8 9328 8477 F: +61 8 9328 8733 [email protected] www.mecresources.com.au