METEORIC RESOURCES NL — Capital/Financing Update 2009

Jun 2, 2009

ASX Release 3 June 2009

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ASX code: MEI

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LAND ACCESS SIGNED AND NEW TENEMENT AT WEBB GOLD PROJECT

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Meteoric Resources is pleased to announce that an exploration and land access agreement has been signed with elders of the Kiwirrkura Community for terms of access to the Ngaanyatjarra aboriginal reserve, paving the way for grant of exploration licence E80/4234 over the Webb gold target (MEI ASX release 26 March 2009). The location of the Webb project is shown in Figure 1.

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Figure 1 Webb Gold Project Location

A heritage clearance survey is planned for mid-June and following the necessary permitting it is anticipated that field work will commence in August. A programme of ground magnetic surveying, geochemical sampling and scout drilling is planned, to carry out a first-pass test of the 80sq km gold anomaly outlined in regional sampling by the Geological Survey of WA (GSWA). This outstanding gold target, shown in Figure 2, is totally unexplored and is considered to have excellent potential for gold discovery.

In addition, Meteoric has applied for a 75sq km exploration licence to cover structural and geophysical targets and the possible eastern extensions of the anomalous geochemical trends on the 420sq km tenement covering the main Webb gold anomaly.

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Figure 2 Webb Gold Anomaly and Aeromagnetic Image

Work by the GSWA has confirmed the prospectivity of the West Arunta region for copper and gold mineralisation, including Iron Oxide Copper-Gold (IOCG) styles as shown in Figure 3 (source GSWA Record 2008/2). Meteoric Resources is most encouraged by the progress being made in gaining access to this hitherto inaccessible region and by the prospectivity of the Webb project.

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Figure 3 IOCG Indices on Gravity-Aeromagnetic Drape (source GSWA)

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For more information on the company visit www.meteoric.com.au

Please direct enquiries to: Roger Thomson George Sakalidis Managing Director Executive Director – Exploration Phone (08) 9485 2836 Phone (08) 9485 2836 Mob 0419 969 183 Mob 0411 640 337

The information in this report that relates to exploration results is based on information reviewed or compiled by Roger Thomson BSc, ARSM, MAusIMM, who is a Member of the Australian Institute of Geoscientists. Roger Thomson is a director of Meteoric Resources NL. Roger Thomson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the ‘Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Roger Thomson consents to the inclusion of this information in the form and context in which it appears in this report.

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