MEC RESOURCES LIMITED — Capital/Financing Update 2017

Nov 6, 2017

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7 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

MEC Resources Ltd (ASX: MMR) is pleased to confirm the successful completion of its Share Purchase Plan on the 6 November 2017 which has raised $539,500.

The directors of MEC Resources would like to thank its shareholders for their continued support of this Company and the developments that are being made.

Proceeds raised through the SPP will principally be used to assist MEC’s subsidiary, Advent Energy Ltd, to progress further activities within Advent’s key exploration permits, including PEP11, EP386 and RL1. A portion of funds raised will be used to meet the working capital requirements of the Company and to meet the Company’s expenses of the issue.

Shares will be issued using a price equivalent to a 20% discount to the volume weighted average market price over the five trading days prior to and including the day on which the shares are issued. In accordance with the timetable released on 20 October 2017 the issue date for the shares will be Thursday 9 November 2017.

Application for listing to the Australian Securities Exchange of the shares to be issued will be made and notifications to shareholders will be completed within the next two days.

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