MEEKA METALS LIMITED — Capital/Financing Update 2016

Sep 25, 2016

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ASX Announcement

26 September 2016

Latitude to proceed with acquisition of Mt Ida South project after successfully completing due diligence

Acquisition to more than triple Latitude’s landholding in WA’s highly prospective Mt Ida greenstone belt

Latitude Consolidated Limited (ASX Code: LCD) is pleased to announce that it has successfully completed due diligence on the Mt Ida South gold exploration project in WA and will proceed with plans to secure shareholder approval for the acquisition from a private consortium (see ASX release dated September 8, 2016).

The Mount Ida South project comprises a portfolio of eight tenements immediately adjoining the Company’s existing tenement package (See Figure1) at its recently-acquired Quinn Hills and Mt Ida projects, ~110km west of Leonora in the Mt Ida greenstone belt.

They are also adjacent to Eastern Goldfields’ (ASX: EGS) high-grade Mt Ida underground mine.

The terms of the acquisition are:

• issue of 2,000,000 fully paid ordinary shares;

• issue of 6,000,000 options, with the following terms

  • 2,000,000 unlisted options exercisable at $0.08 each within two years from issue date;

  • o 2,000,000 unlisted options exercisable at $0.15 each within three years from issue date; and o 2,000,000 unlisted options exercisable at $0.25 each within four years from issue date.

• The acquisition must be completed by 30 November 2016.

Latitude expects to send a Notice of Meeting to shareholders to seek approval for the issue of the consideration securities in coming weeks.

For more information, please contact:-

Nicholas Read/Paul Armstrong

Michael Edwards Chief Executive Officer Read Corporate – Investor and Public Relations (p) 08 9482 0550 (p) 08 9388 1474 (e) medwards@latitudeconsolidated.com (e) nicholas@readcorporate.com.au

About the Company

Latitude Consolidated (ASX:LCD) is an ASX listed Perth based Resources company with a focus on acquiring and developing near term gold production assets as well advanced greenfields and brownfields gold projects predominantly in Western Australia. On 1[st] of September 2016 the Company announced that it had completed the acquisition of 100% of the issued capital of MGK Resources Pty Ltd which holds the Quinn Hills and Mt Ida South projects which are located approximately 110km west of Leonora in the Eastern Goldfields of Western Australia. On the 8[th] of September 2016 the Company announced that it has proposed to acquire 80% of the Mt Ida South project from private vendors. The Company is putting together an experienced team that is actively seeking new projects in the region.

LATITUDE CONSOLIDATED LIMITED ACN 080 939 135 Ground Floor, 16 Ord Street, West Perth WA 6005 P : +61 8 9485 0550 F : +61 8 9482 0505

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Figure 1.Quinn Hills and Mt Ida South Project Location

Refer to the ASX announcement on 14 September 2016 for JORC reporting detail and Table 1 report.

LATITUDE CONSOLIDATED LIMITED ACN 080 939 135 Ground Floor, 16 Ord Street, West Perth WA 6005 P : +61 8 9485 0550 F : +61 8 9482 0505