METALSTECH LIMITED — Capital/Financing Update 2018

Jan 14, 2018

ASX Release 15 January 2018

MERN Transfers and Strategic Chinese Investment Update

MetalsTech Limited ( MTC or the Company ) provides the following update in respect of the MERN Transfers and the recently announced $4.8m funding deals with leading chemical producer Wuxi Baichuan Chemical Industry Co Ltd ( BCC ) and leading battery manufacturer Dynavolt Renewable Energy Technology Co Ltd ( Dynavolt ).

Highlights

• Quebec Government has advised that the MetalsTech MERN Transfers, mining claims that are in the process of being transferred into MTC subsidiaries pursuant to various acquisition agreements and direct claim staking, have been processed, however due to the Christmas holiday period, the transfers will now be formally registered on or before 19 January 2018

• MTC has agreed extensions for both BCC and Dynavolt to enable the MERN Transfers to complete prior to each of BCC and Dynavolt completing their strategic investment in MTC

• Terms of BCC’s proposed $1.8m investment (refer ASX Release dated 15 December 2017) provide for completion within 20 business days from completion of the MERN Transfers, therefore completion is expected on or before 19 February 2018

• Terms of Dynavolt proposed $3m investment (refer ASX Release dated 6 December 2017) varied to allow completion to occur on or before 31 January 2018

• MTC fully funded to complete maiden drill program at the Adina Lithium Project, with preparations currently underway and first drilling scheduled to commence in February

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@nwrcommunications.com.au

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

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-Lacoucier 100% owned Kapiwak 100% owned Sirmac-Clapier 100% owned Bay Lake 100% owned

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Caution Regarding Forward-Looking Information

This document contains forward-looking statements concerning MetalsTech. Forward-looking statements are not statements of historical fact and actual events and results may differ materially from those described in the forward looking statements as a result of a variety of risks, uncertainties and other factors. Forward-looking statements are inherently subject to business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause the Company’s actual results to differ materially from those expressed or implied in any forwardlooking information provided by the Company, or on behalf of, the Company. Such factors include, among other things, risks relating to additional funding requirements, metal prices, exploration, development and operating risks, competition, production risks, regulatory restrictions, including environmental regulation and liability and potential title disputes.

Forward looking statements in this document are based on the company’s beliefs, opinions and estimates of MetalsTech as of the dates the forward looking statements are made, and no obligation is assumed to update forward looking statements if these beliefs, opinions and estimates should change or to reflect other future developments.

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MetalsTech Limited ACN 612 100 464 - Unit 1, 44 Denis St, Subiaco WA 6008 T +61 400 408 878 | +61 415 493 993 www.metalstech.net