Metals X Limited — Capital/Financing Update 2016

Aug 8, 2016

PRESS RELEASE

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9 August 2016

HINDALCO EXITS METALS X REGISTER

Further to the takeover of Aditya Birla Minerals Limited (“ ABY ”) by Metals X Limited (“ Metals X ”), which has commenced the compulsory acquisition process, Hindalco Industries Limited (“ Hindalco ”) became a substantial shareholder of Metals X with a 6.81% stake.

By notice given and advice from the seller, Hindalco has sold its entire shareholding by block trade and retains no residual shareholding in Metals X.

Metals X CEO, Peter Cook said:

“ It is great to see how smoothly such a divestment by Hindalco was absorbed by the market. The 100% takeover of ABY will be completed on 28 August 2016 and Metals X is forging ahead with both its gold and base metal business units with an intent to separate these into special purpose listed entities in the ensuing future .”

ENQUIRIES

Peter Cook Warren Hallam Executive Director & CEO Executive Director e: peter.cook@metalsx.com.au e: warren.hallam@metalsx.com.au

Rod Corps Manager – Investor Relations 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 OTCQX Code: MLXEF