MEC RESOURCES LIMITED — Capital/Financing Update 2010

Sep 7, 2010

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8 September 2010

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

Non-renounceable Rights Issue – Letter to Security Holders

Please find attached a copy of the notice mailed to security holders of MEC Resources today.

Yours Sincerely

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Deborah Ambrosini Director/Company Secretary

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8 September 2010

Dear Securityholder

NON-RENOUNCEABLE ENTITLEMENT ISSUE

The Company is happy to announce details of a non renounceable entitlement issue ( Issue ) of approximately 12,035,762 ordinary, fully paid shares ( Shares ) at an issue price of $0.50 per Share to raise up to approximately $6,017,881 on the basis of one (1) Share for every ten (10) Shares held by Shareholders as at 7:00pm AEST on 20 September 2010.

The Prospectus relating to this Issue has been lodged with ASX and will be available on the ASX website at asx.com.au for inspection. Full detail of the Issue will be contained in the Prospectus, which will be mailed to all Shareholders who are registered on the Record Date. Shareholders eligible to participate should read the Prospectus carefully. The timetable and important dates of the Issue are set below:

EVENT	DATE
Announcement of Issue and Appendix 3B	8 September 2010
Notice sent to Securityholders	8 September 2010
Ex Date(date from which Shares commence trading without entitlement to participate in the Issue)	14 September 2010
Record date	7:00pm AEST 20 September
(date for determining entitlements of eligible Shareholders to participate in the Issue)	2010
Opening Date and dispatch of Prospectus	23 September 2010
Closing Date	5:00pm AEST 8 October 2010
Shares quoted on a deferred settlement basis	11 October 2010
Notify ASX of under subscriptions	13 October 2010
Allotment and dispatch of holding statements	14 October 2010

Optionholders will need to exercise their Options and be registered as Shareholders prior to the record date for the Issue, being 7:00pm (AEST) 20 September 2010 , in order to participate in the Issue.

The purpose of the Issue is to raise funds to advance to the Company’s unlisted investee company, Advent Energy Ltd,

and for working capital.

Provision of additional funding to Advent Energy will allow for the drilling of Petroleum Exploration Permit 11 and further development of Advent Energy’s portfolio of petroleum exploration permits.

In calculating entitlements under the Issue, fractions will be rounded up to the nearest whole number.

The Issue is made to Shareholders with registered addresses in Australia and New Zealand. Overseas Shareholders should contact the Company Secretary, Deborah Ambrosini on +61 (0)8 9328 8366 with any queries.

Yours faithfully

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