Metals X Limited — Board/Management Information 2017

May 1, 2017

PRESS RELEASE 2 MAY 2017

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DIRECTOR APPOINTMENT

Metals X Limited ( Metals X or the Company ) is pleased to announce the following appointment and changes to the Board of Directors.

Appointment of Mr Milan Jerkovic - Non-Executive Director

Mr Jerkovic has over 30 years of experience in the mining industry involving resource evaluation, operations, financing, acquisition, project development and general management. Mr Jerkovic is a Geologist with post graduate qualifications in Mineral Economics and Mining, is a Fellow of the Australian Institute of Mining and Metallurgy and a member of the Australasian Institute of Company Directors. He was previously the CEO of Straits Resources Limited and was the founding Chairman of Straits Asia Resources Limited which was listed on the Singapore Stock Exchange. Mr Jerkovic has also held positions with WMC, BHP, Nord Pacific, Hargraves, and Tritton. Mr Jerkovic is currently Chairman of both Geopacific Resources Limited and Blackham Resources Limited.

Appointment of Mr Stephen Robinson - Executive Director

Mr Robinson is currently a Non-Executive Director of Metals X and is an experienced Australian mining executive and a Rhodes Scholar. Mr Robinson has extensive international experience at senior executive levels within the mining industry and is currently the Non-Executive Chairman of Sumatra Copper and Gold PLC and was previously the Director of Business Development & Strategy at Barrick (Australia Pacific) Limited, Non-Executive Director of Orrex Resources Ltd and Bulletin Resources Ltd. Mr Robinson also served as Group Manager Planning with the leading Australian mineral sands producer Iluka Resources Ltd and was a senior manager in the gold business unit at WMC Resources Ltd.

We welcome Mr Jerkovic to the Board of Metals X and the appointment of Mr Robinson as an Executive Director.

The Metals X Board consists of the following:

Mr Peter Newton – Chairman Mr Warren Hallam – Managing Director Mr Stephen Robinson – Executive Director Mr Simon Heggen – Non Executive Director Mr Yimin Zhang – Non Executive Director Mr Milan Jerkovic – Non Executive Director Mrs Fiona Van Maanen – Company Secretary

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ENQUIRIES

Warren Hallam Rod Corps Managing Director Manager – Investor Relations e: warren.hallam@metalsx.com.au e: rod.corps@metalsx.com.au

Level 3, 18–32 Parliament Place reception@metalsx.com.au West Perth WA 6005 www.metalsx.com.au Australia

ASX Code: MLX