MEC RESOURCES LIMITED — Capital/Financing Update 2017

Sep 18, 2017

==> picture [117 x 50] intentionally omitted <==

19 September 2017

Australian Securities Exchange 10th Floor, 20 Bridge Street SYDNEY NSW 2000

via e-lodgement

Dear Sir/Madam

SECURITY PURCHASE PLAN - SECTION 708AA NOTICE

MEC Resources Ltd ( the Company or MEC Resources ) has today announced a security purchase plan would be offered to eligible shareholders ( SPP ). The SPP offer will open on 21[st] September 2017.

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.

If Shareholders have any queries regarding the SPP please do not hesitate to contact the Company Secretary Ms Deborah Ambrosini on +61 8 9245 6187.

We once again thank you for your continued support and look forward to an exciting year of development.

Yours faithfully

==> picture [126 x 41] intentionally omitted <==

Deborah Ambrosini Company Secretary

MEC Resources Ltd

ACN 113 900 020 PO Box 882 West Perth WA 6872 | 1\100 Havelock Street West Perth WA 6006 T: +61 8 9245 6187 F: +61 6160 5901 info@mecresources.com.au www.mecresources.com.au