MEC RESOURCES LIMITED — Capital/Financing Update 2017

Apr 5, 2017

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6 April 2017

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

via e-lodgement

Dear Sir/Madam

Pro Rate Non-Renounceable Rights Issue – Extension of Offer and Amended Timetable

MEC Resources Ltd (ASX: MMR, ACN 113 900 020), the “ Company ”, refers to the Pro Rata Non Renounceable Rights Issue announced on 14 March 2017 and is pleased to announce the extension of the Pro Rata Non Renounceable Rights Issue closing date from Friday 20 April 2017 to Friday 28 April 2017. The extension will allow for the receipt and processing of applications after the Easter public holidays in Australia.

Accordingly, shareholders are encouraged to submit their Acceptance Form for the Non Renounceable Offer as soon as possible.

The directors of MEC Resources Limited would like to thank all of its shareholders for their continued support.

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

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T IM ET AB L E

The amended indicative timetable for the Rights Issue is as follows:

Event	Date
Announcement of the Offer, lodgement of Appendix 3B and statement under section 708AA(2)(f)	14 March 2017
Notice sent to shareholders containing information required by Appendix 3B	15 March 2017
Existing Shares quoted on “ex” basis	17 March 2017
Record Date to determine entitlements under the Rights Issue (Record Date)	5:00pm (AWST) on 20 March 2017
Offer Document and Entitlement and Acceptance Form dispatched to Eligible Shareholders (Opening Date)	23 March 2017
Last day to extend Offer	25 April 2017
Final date and time for receipt of acceptance and payment in full (Closing Date)	5:00PM (AWST) on 28 April 2017*
New Shares quoted on a deferred settlement basis	1 May 2017*
Company to notify ASX of under subscriptions	3 May 2017*
Allotment of New Shares (Issue date)	4 May 2017*
Dispatch of transaction confirmation statements (holding statements)	4 May 2017*
Date of quotation of New Shares issued under the Rights Issue	5 May 2017*

• Assuming that the Offer is not extended. The Company reserves the right (subject to the Corporations Act, the Listing Rules and other applicable laws) to vary the dates of this Timetable including (without limitation) extending the Closing Date or accepting late Applications, either generally or in particular cases, without notice.

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