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Metals X Limited Capital/Financing Update 2011

Nov 24, 2011

10401_rns_2011-11-24_08dcb818-5afe-4fb7-8f31-872c0ccadda0.pdf

Capital/Financing Update

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ACN 110 150 055

Wingellina Nickel-Cobalt Project

25 November 2011 (Perth, WA)

As Metals X has continuously advised in our reporting to the ASX, we have been in preliminary discussions with several international entities regarding the potential funding and development of the Wingellina Nickel-Cobalt Project.

discussions with many international entities including the Samsung C&T Corporation.

Further, Metals X advises that all discussions are at a preliminary stage and we have not received any formal proposals.

Metals X will continue to work towards options that will enable the development of the Wingellina Nickel-Cobalt Project.

Enquiries

Warren Hallam Peter Cook Managing Director Chairman t: +61 8 9220 5700 +61 8 9220 5700 f: +61 8 9220 5757 +61 8 9220 5757 e: [email protected] e: [email protected]

End

Metals X Limited Level 3, 123 Adelaide Tce, East Perth WA 6004 T +61 8 9220 5700 F +61 8 9220 5757 [email protected] http://metalsx.com.au/