MEC RESOURCES LIMITED — Capital/Financing Update 2009

Aug 31, 2009

==> picture [139 x 60] intentionally omitted <==

1 September 2009

The Manager Company Announcement Office Australian Securities Exchange

MEC RESOURCES LIMITED Cleansing Statement – Share Purchase Plan

MEC Resources Limited ( Company ) announced on 19 August 2009 that a shareholder share purchase plan would be offered to eligible shareholders ( SSPP ). The SSPP offer will open on 1 September 2009.

The SSPP will be offered in accordance with ASIC Class Order 09/425 ( Class Order ). It is a condition of the Class Order that the Company gives the Australian Securities Exchange ( ASX ) this notice within the 24 hour period before the SSPP offer is made.

The Company gives notice that:

• (a) the Company will make offers to eligible shareholders to subscribe for up to $15,000 worth of ordinary shares under the SSPP. The issue of shares under the SSPP will be without disclosure under Part 6D.2 of the Act;

• (b) this notice is being given in accordance with the Class Order;

• (c)

  • as at the date of this notice, the Company has complied with:

  • (i) the provisions of Chapter 2M of the Corporations Act 2001 (Cth) ( Act ) as they apply to the Company; and

  • (ii) section 674 of the Act; and

• (d) as at the date of this notice there is no information that is excluded information (in accordance with the requirements of subsections 708A(7) and (8) or subsections 1012DA(7) and (8) of the Act as if the notice were a notice under paragraph 708A(5)(e) or 1012DA(5)(e) of the Act) which is required to be disclosed by the Company.

Yours faithfully

==> picture [127 x 42] intentionally omitted <==

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 info@mecresources.com.au www.mecresources.com.au