MEC RESOURCES LIMITED — Capital/Financing Update 2019

Apr 22, 2019

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18 April 2019

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

via e-lodgement

Dear Sir/Madam

Pro Rata 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 9 April 2019.

The Company has been made aware of an error by the share registry on the application form. The calculations contained on the form are correct and the amount payable is as shown on the form . However, the application form refers to $0.007 per share above the amount payable. The issue price is $0.005 per share as shown in the calculation column.

The Company has arranged for new application forms to be printed and express posted by Boardroom Pty Ltd to all shareholders. A sample of the covering letter is attached.

If you have already taken up your entitlement you do not need to do anything further .

Further the Company will extend the closing date of the Offer from Friday 3 May 2019 to Friday 10 May 2019. The extension will allow for the receipt and processing of applications after the Easter and Anzac Day public holidays.

Accordingly, shareholders are encouraged to submit their Acceptance Form or BPAY payments 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.

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Yours faithfully

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Mr Michael Sandy Chairman

MEC Resources Ltd

ACN 113 900 020 PO Box 882 West Perth WA 6872 | Suite 2 Level 3 1111 Hay Street West Perth WA 6005 T: +61 8 9245 6187 F: +61 9200 6193 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
Lodgement of Prospectus with ASIC, lodgement of Prospectus and Appendix 3B with ASX and dispatch of letter to Optionholders	9 April 2019
Dispatch of letter to Shareholders	10 April 2019
ExistingSharesquoted on “ex” basis	11 April 2019
Record date to determine entitlements under the Prospectus (Record Date)	12 April 2019
Prospectus and Entitlement and Acceptance Form dispatched to eligible shareholders (Opening Date)	17 April 2019
Final date and time for receipt of acceptance and payment in full (Closing Date)	5:00PM (AEST) on 10 May2019*
New Sharesquoted on a deferred settlement basis	13 May2019*
Companyto notifyASX of under subscriptions	13 May2019*
Allotment of New Shares (Issue Date)	14 May2019*
Deferred settlement tradingends	14 May2019*
Dispatch of transaction confirmation statements (holdingstatements)	14 May2019*
Date of quotation of New Shares issued under the Offer	15 May 2019*

• 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 | Suite 2 Level 3 1111 Hay Street West Perth WA 6005 T: +61 8 9245 6187 F: +61 9200 6193 info@mecresources.com.au www.mecresources.com.au

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18 April 2019

Dear Shareholder,

Re MEC Resources Limited – Non-Renounceable Rights Issue

We wish to advise that on 17 April 2019 Offer Documents in respect to the abovementioned rights issue were posted to you.

Included in the mailing was a personalised Entitlement and Acceptance Form showing your entitlement in the offer and the amount to pay if you wanted to take up your entitlement calculated at $0.005 per share, which is the correct amount.

Unfortunately, due to typing error by Boardroom the amount shown in the box above the payment amount was shown incorrectly as $0.007 per share.

An updated Entitlement and Acceptance Form showing the correct amount of $0.005 per share is attached. Please replace the original Form with the enclosed.

We sincerely apologise for any inconvenience caused by this error may have caused you.

Yours sincerely

Boardroom Pty Limited.