MEC RESOURCES LIMITED — Regulatory Filings 2013

Dec 18, 2013

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19 December 2013

Companies Announcement Office ASX Limited Exchange Centre Level 4, 20 Bridge Street Sydney, NSW 2000

POOLED DEVELOPMENT FUND PROGRAM

MEC Resources Ltd ( ASX:MMR ) is delighted to provide a further update on the possible phase out of the Australian Federal Government’s Pooled Development Fund (“PDF”) program. The Australian Government has advised that it will not proceed with the proposed changes to the venture capital tax concession programs announced in the Venture Australia initiative in February 2013, by the previous Government.

On this basis, the Pooled Development Fund, Early Stage Venture Capital Limited Partnership and Venture Capital Limited Partnership programs will continue to be delivered in their current form.

Yours sincerely,

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David Breeze Executive Director MEC Resources Ltd PO Box 317 North Perth WA 6906 Tel: +61 8 9328 8477

About MEC Resources

ASX listed MEC Resources Ltd (ASX: MMR) invests into exploration companies targeting potentially large energy and mineral resources. As at the date of this announcement, the Company is registered by the Australian Federal Government as a Pooled Development Fund enabling most MEC shareholders to receive tax free capital gains on their shares and tax free dividends.