MEC RESOURCES LIMITED — Capital/Financing Update 2010

Oct 13, 2010

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14 October 2010

The Manager Company Announcements Office ASX Limited

FOR IMMEDIATE RELEASE TO THE MARKET

MEC RESOURCES LTD Notice under section 708A(5)(e)

On 14 October 2010, MEC Resources Ltd (ACN 113 900 020) ( Company ) issued 500,000 fully paid ordinary shares ( Shares ) to a sophisticated investor under section 708 of the Corporations Act 2001 (Cth) ( Act ). The Shares are part of a class of securities quoted on the Australian Securities Exchange.

The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By giving this notice, sale of the Shares will fall within the exemption in section 708A(5) of the Act.

The Shares were issued without disclosure to investors under Part 6D.2 of the Act, in reliance on section 708A(5).

The Company gives this notice pursuant to section 708A(5)(e) of the Act.

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

the provisions of Chapter 2M of the Act as they apply to the Company; and

section 674 of the Act.

As at the date of this notice, there is no excluded information for the purposes of section 708A(7) or 708A(8) of the Act.

Yours faithfully

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DEBORAH AMBROSINI DIRECTOR/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