MEC RESOURCES LIMITED — Capital/Financing Update 2009

Oct 5, 2009

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5 October 2009

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

Dear Sir/Madam,

RE: COMPLETION OF SHAREHOLDER SHARE PURCHASE PLAN

MEC Resources is pleased to confirm the successful completion of its Shareholder Share Purchase Plan on 2[nd] October 2009 which has raised $2,708,000.

The directors of MEC Resources would like to thank its shareholders for their continued support.

The discounted volume weighted average price was calculated at $0.3812 per share. Application for listing to the ASX of the 7,104,102 shares issued will be made and notifications to shareholders will be completed within the next two days.

Yours Sincerely

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David Breeze Executive Director