MEC RESOURCES LIMITED — Capital/Financing Update 2017

Nov 9, 2017

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10 November 2017

Companies Announcements Office ASX Limited 10[th] Floor, 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam,

RE: COMPLETION OF SHARE PURCHASE PLAN – ISSUE OF SHARES

MEC Resources Ltd (ASX: MMR) is pleased to confirm the issue of shares to shareholders who recently participated in the Share Purchase Plan. A total amount of $539,500 was raised.

Shares have been issued using a price equivalent to a 20% discount (the maximum discount able to be given under the ASX Listing Rules for this issue) to the volume weighted average market price over the five trading days prior to and including the day on which the shares are issued.

A total of 30,851,978 shares have been issued at a final calculated price of $0.0174867101833996 per share.

Application for listing to the Australian Securities Exchange of the shares issued will be made and notifications to shareholders have been sent.

Once again, the directors thank all shareholders for their continued support and putting your trust in the Board to lead your company to a brighter future. We will continue to work hard to achieve results and improve the value of your company.

We welcome your questions and comments and encourage shareholders to contact the Company on 08 9245 6187 with these.

Yours Sincerely

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Ms Deborah Ambrosini

Company Secretary, Chief Financial Officer and Director

MEC Resources Ltd ACN 113 900 020 PO Box 882 West Perth WA 6872 | Suite 2, Level 3, 1111 Hay Street, West Perth WA 6006 T: +61 8 9245 6187 F: +61 8 9200 6193 info@mecresources.com.au www.mecresources.com.au