MEEKA METALS LIMITED — AGM Information 2012

Oct 25, 2012

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CHAIRMAN’S ADDRESS

TO

ANNUAL GENERAL MEETING 26 OCTOBER 2012

Since the last Annual General Meeting, we have been in a very difficult period for tiny mineral exploration companies such as IRG.

The equity markets, which provide the financing lifeblood for companies like IRG, have been essentially closed for all of that period and preserving cash to stay in business has been the main focus. It has been a case of “batten down the hatches” to survive.

The other key issue faced by IRG has been our status as a company with a single exploration project. That is a risky business strategy.

With that background, the Board's main focus for the past 12 months has been to find a second project, ideally one which came with cash! Not an easy task.

Earlier this year, we felt we had found the right project and announced the proposed acquisition of a high potential gold-copper exploration project in South-East Queensland. One of the conditions to that acquisition was the raising of $3 million in new capital. Unfortunately, the equity markets suffered another downturn in the lead up to that capital raising and the acquisition could not be completed.

Capital Raising

Alongside exploration, raising capital is the most important activity in the life of a junior exploration company.

In August of this year, the Company conducted a non-renounceable entitlements issue to raise additional working capital. Subscriptions under the rights issue were modest and, together with the underwriting commitments from the Company’s directors, the Company Secretary and one other investor, generated only one third of the targeted $1 million.

IRG then agreed to mandate Ventnor Securities Pty Ltd and BBY Limited to place the rights issue shortfall and to undertake a further placement of shares (with attaching options), raising an additional $800,000. Both the placement of the rights issue shortfall and the placement are subject to the approval of shareholders at this meeting.

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----- Start of picture text ----- www.integratedres ources .com.au----- End of picture text -----

Integrated Resources Group Limited ABN 23 080 939 135 Level 20, Suite 2003, 109 Pitt Street Sydney NSW 2000 P 02 9962 8053 F 02 9445 1060

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The shortfall proceeds are in place (they have been held in an IRG trust account since early September) and it is expected that, if shareholder approval is received, that the additional placement will be completed by the end of next week.

On completion of the placements and after costs, IRG will have cash reserves of more than $1.5 million. This will place IRG in an enviable position among small exploration companies, with funds available both for ongoing exploration activities at the Lyndon Project and to acquire and explore new exploration properties.

Lyndon Project

Turning to IRG’s Lyndon project, for the reasons I outlined earlier, limited work has been undertaken since the completion of the geochemical drilling programme undertaken late last year. With completion of the rights issue and placement, IRG will now define an appropriate next phase of drilling for the project.

The lack of recent work does not reflect a view that Lyndon is a weak project. The very strong drilling results recorded in late 2010, with best intercepts of 4 metres at 21.5 grams per tonne gold and 4 metres at 7.7 grams per tonne gold at the Lyndon Bettina prospect and 1 metre at 1.12% copper + 1.88 grams per tonne gold at the Broken Thumb Prospect were recorded, highlight the project’s potential. This potential is supported by the geophysical and geochemical work conducted since that drilling, generating a number of drill targets, both at new prospects and as potential extensions to the mineralisation discovered in 2010.

Board

In connection with the introduction of the new capital and subject to the relevant approvals, two new directors, Messrs Roger Steinepreis and Morgan Barron, will be appointed to IRG’s Board and I would like to introduce them to you now.

Roger Steinepreis graduated from the University of Western Australia where he completed his law degree. He was admitted as a barrister and solicitor of the Supreme Court of Western Australia in 1987 and has been practising as a lawyer for approximately 22 years. He is the legal adviser to a number of public companies on a wide range of corporate related matters. His areas of practice focus on company restructures, initial public offerings and takeovers. Mr Steinepreis is a nonexecutive director of a number of listed companies.

Morgan Barron, who is with us today, is a director of corporate advisory firms Ventnor Capital Pty Ltd and Ventnor Securities Pty Ltd which specialise in the provision of corporate and financial advice to junior resource companies. Mr Barron is a qualified Chartered Accountant who has worked in various corporate roles both in Australia and Europe. Whilst at Ventnor Capital Pty Ltd

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he has been involved in a number of director and company secretarial functions and ASX junior transactions.

We believe that the addition of Roger and Morgan will greatly expand the Company’s reach in the sourcing of new exploration projects and in the execution of its strategy.

Glenn Parker, who joined as a director of IRG in 2005, will resign from the Board with the appointments of Roger and Morgan. Glenn has made a major contribution to the Company, and was instrumental in its transition from industrial investment company to a genuine mineral explorer and his efforts are much appreciated. His wise counsel will be missed.

Outlook

IRG approaches the end of 2012 in a much stronger position than at any time in its history. Subject to shareholder approval at this meeting, we will have more than $1.5 million in the bank, an exploration project with potential for a high grade gold deposit at Lyndon and an enlarged Board with a much broader reach.

I look forward to reporting to you on our progress during the coming year.

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Timothy J. Moore Chairman

Technical information in this report that relates to exploration results at the Lyndon Gold Project is compiled by a Competent Person as defined in the 2004 edition of the JORC Code being Dr Angus Collins (BSc (Hons) PhD FAusIMM) who acts as a Consulting Geologist to Integrated Resources Group Limited. Dr Collins has sufficient experience in mineral exploration relevant to the styles of mineralisation and types of deposits under consideration and consents to the inclusion in the public release of the matters based on the information in the form and context in which it appears.

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