MEC RESOURCES LIMITED — Capital/Financing Update 2010

Jun 28, 2010

PO Box 317, North Perth, WA 6906 14 View Street, North Perth, WA, 6006 T: + 618 9328 8477 F: + 618 9328 8733 info@mecresources.com.au

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www.mecresources.com.au

ACN 113 900 020

29 June 2010

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

Dear Sir/Madam

MEC Resources Ltd - $4.5 Million Funding Agreement

MEC Resources Limited (ASX: MMR) is pleased to advise that it has entered into a funding agreement with Bob Healy and Associates (“BHA”). Upon receipt of the final payment BHA will be issued 12,857,143 shares at 35 cents per share as agreed by MEC and BHA on 21 June 2010.

This is a substantial capital raising totalling $4.5 million and MEC Resources welcomes BHA as a shareholder of the company.

The shares will be issued by MMR under Listing Rule 7.1, with proceeds of the raising to be used to manage MEC’s investments and for general working capital.

Yours Sincerely

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David Breeze Executive Director MEC Resources Ltd PO Box 317 North Perth WA 6906 Tel: +61 8 9328 8477

Media Enquiries: Bill Kemmery Fortbridge Consulting Tel: +61 2 9331 0655 Mobile: +61 400 122 449

MEC is an exploration investment company and relies on the resource and ore reserve statements compiled by the companies in which it invests. All Mineral Resource and Reserve Statements have been previously published by the companies concerned. Summary data has been used. Please refer to relevant ASX releases for details and attribution. Unless otherwise stated all resource and reserve reporting complies with the relevant standards. Resources quoted in this report equal 100% of the resource and do not represent MEC’s investees’ equity share.