MEC RESOURCES LIMITED — Capital/Financing Update 2017

Apr 9, 2017

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10 April 2017

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

via e-lodgement

Dear Sir/Madam

AUSTRALIAN GOVERNMENT TAKEOVERS PANEL

MEC Resources Ltd (ASX: MMR, ACN 113 900 020, the “ Company ”) has received notification that an application from Mr David Breeze, Trandcorp Pty Ltd and Grandbridge Ltd in relation to the Company’s rights issue announced on 14 March 2017 ( Rights Issue ) has been sent to the Takeovers Panel today.

For the avoidance of doubt, the Company would like to advise that ALL eligible shareholders have the ability to not only participate in the Rights Issue, but to also apply for shortfall shares in the event of a shortfall, in accordance with the terms of the offer. The Rights Issue is currently scheduled to close at 5:00pm WST April 28 2017.

The Company will continue to advise the market in due course as this application is reviewed and further information is provided to the Company.

Yours faithfully

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Mr Goh Hock Chairman

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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