MEC RESOURCES LIMITED — Capital/Financing Update 2016

Mar 22, 2016

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23 March 2016

The Manager Company Announcement Office ASX Limited

MEC RESOURCES LTD

Cleansing Statement – Security Purchase Plan

MEC Resources Ltd ( Company ) announced on 23 March 2016 that a security purchase plan would be offered to eligible shareholders ( SPP ). The SPP offer will open on 24 March 2016.

The SPP 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 this notice within the 24 hour period before offers under the SPP are 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 SPP. The issue of shares under the SPP will be without disclosure under Part 6D.2 of the Corporations Act 2001 (Cth) ( 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 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) of the Act as if the notice were a notice under paragraph 708A(5)(e) of the Act) which is required to be disclosed by the Company.

A copy of the SPP documents that are to be sent to shareholders of the Company within 24 hours is attached.

Yours faithfully

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Deborah Ambrosini Company Secretary

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