METALSTECH LIMITED — Capital/Financing Update 2018

Apr 4, 2018

ASX Release 4 April 2018

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Notice of Issue of Securities Pursuant to ASX Listing Rule 7.1A Information Required Pursuant to ASX Listing Rule 3.10.5A

On 4 April 2018, MetalsTech Limited ( ASX: MTC ) ( MetalsTech or the Company ) issued an Appendix 3B for the issue of 8,250,000 fully paid ordinary shares pursuant to ASX Listing Rule 7.1A.

In accordance with ASX Listing Rule 3.10.5A, the Company confirms the following details:

• (a) The dilution caused to the existing shareholders of MetalsTech Limited has been calculated as 7.95% as a result of the recent allotment of the securities as noted above.

• (b) The Company issued the securities as a Placement pursuant to ASX Listing Rule 7.1A in order to secure a cornerstone strategic investor in the Company.

• (c) No underwriting arrangements or agreements were entered into as a result of the Placement pursuant to ASX Listing Rule 7.1A.

• (d) The Company has agreed to pay a one-off cash-based success fee of $90,000 in connection with the completion of the Placement.

ENDS

For further information, contact:

Russell Moran Gino D’Anna Nathan Ryan Executive Chairman Executive Director Investor Relations M +61 415 493 993 M +61 400 408 878 M +61 420 582 887 russell@metalstech.net gino@metalstech.net nathan.ryan@nwrcommunications.com.au

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Board of Directors Executive Chairman - Russell Moran Executive Director - Gino D’Anna Non-Executive Director - Shane Uren Non-Executive Director - Michael Velletta

Projects Cancet 100% owned Adina 100% owned Terre Des Montagnes 100% owned Wells-Lacourciere 100% owned Kapiwak 100% owned Sirmac-Clapier 100% owned Bay Lake 100% owned

Registered Office Unit 1, 44 Denis Street Subiaco WA 6008 T +61 408 408 878 T +61 415 493 993 E info@metalstech.net