MEC RESOURCES LIMITED — Capital/Financing Update 2015

Jan 22, 2015

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23 January 2015

Dear Shareholder,

MEC Resources Ltd Share Purchase Plan

The Directors of MEC Resources Ltd ( Company ) are pleased to announce the offer of a Share Purchase Plan (“SPP”).

Proceeds raised through the SPP will principally be used to contribute to the continuing exploration and development of investee company Advent Energy Ltd’s assets, including a contribution to the up and coming seismic activities at the offshore Sydney Basin Petroleum Exploration Permit 11 (PEP 11) which are planned for 2nd quarter 2015, drilling of a further exploration well in Exploration Permit 386 (EP 386), working capital and to meet the Company’s expenses of the issue (estimated at $20,000).

Under the SPP, eligible shareholders (being shareholders registered at 5:00pm (WST) on Thursday 22 January 2015 ( Record Date ) with an address in Australia or New Zealand) can purchase shares at a 20% discount to the average market price of the Company’s shares on the ASX calculated over the five trading days prior to and including the Record Date.

The offer is limited to a minimum of $500 and a maximum of $15,000 worth of shares per shareholder. The offer is strictly limited to a maximum of 30% of the existing share capital and applications will be accepted on a first received basis .

Participation in the SPP is optional and the right to participate is not transferable. The directors of the Company reserve the right in their absolute discretion to reject, or scale back, on an equitable basis, any application.

The indicative timetable for the offer is attached for your reference. The offer document application form and detailed terms and conditions will be forwarded to eligible shareholders in accordance with the attached timetable (unless varied).

Kind regards

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David Breeze Managing Director

MEC Resources Ltd

ACN 113 900 020 PO Box 317, North Perth 6906 Western Australia 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

MEC Resources Ltd Share Purchase Plan

Indicative Timetable

Key Dates*

Date	Details
Thursday 22ndJanuary 2015	Record Date 5:00pm (WST)The date on which the Company determined shareholders eligible toparticipate in the SPP, being shareholders registered on that date with anaddress in Australia or New Zealand.
Thursday 29thJanuary 2015	Opening DateThe date the Plan opens.
Friday 20thFebruary 2015	Closing DateThe date on which the SPP closes.Applications and payments or BPAY® must be received by 5:00pm(WST).
Wednesday 25thFebruary 2015	Issue DateThe date shares are issued and any scaleback of the Shares to be issuedunder the SPP is announced.
Wednesday 25thFebruary 2015	Dispatch DateThe date on which holding statements are sent to shareholders whosubscribed for shares under the SPP.
Tues 3rdMarch 2015	Share Trading DateThe date on which it is expected that shares will commence trading on theASX.

The Company’s directors reserve the right to vary the SPP closing date.

MEC Resources Ltd

ACN 113 900 020 PO Box 317, North Perth 6906 Western Australia 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