METEORIC RESOURCES NL — Capital/Financing Update 2013

Oct 17, 2013

==> picture [220 x 57] intentionally omitted <==

18 October 2013

ASX Code: MEI

ASX Limited ASX Market Announcements Level 4, Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Ground Floor 22 Delhi Street West Perth WA 6005 PO Box 963 West Perth WA 6872 Telephone: 08 9485 2836 Facsimile: 08 9321 6571 info@meteoric.com.au www.meteoric.com.au ABN 64 107 985 651

Replacement Notification under section 708AA (2)(f) of the Corporations Act 2001 (Cth)

Meteoric Resources NL (" Meteoric " or " the Company ") gives notice under section 708AA(2)(f) of the Corporations Act 2001 (Cth) (" Corporations Act ") that:

1. The Company will offer approximately 15,639,824 new fully paid ordinary shares for issue without disclosure to shareholders under Part 6D.2 of the Corporations Act pursuant to a fully underwritten pro-rata non-renounceable rights issue announced to ASX on 29 August 2013 (" Rights Issue "). Under the Rights Issue, eligible shareholders will be entitled to apply for one (1) new fully paid ordinary share in the Company for every eight (8) shares held at the appropriate record date at an issue price of 2.7 cents per share. The Rights Issue will raise approximately $422,275 before costs if fully subscribed.

2. As at today's date:

   • a) the Company has complied with the provisions of Chapter 2M of the Corporations Act as they apply to the Company;

   • b) the Company has complied with section 674 of the Corporations Act being the requirement to meet its continuous disclosure obligations under ASX Listing Rules; and

   • c) there is no "excluded information" within the meaning of sections 708AA(8) and 708AA(9) of the Corporations Act which is required to be disclosed under section 708AA(7)(d) of the Corporations Act.

3. The offer is a pro rata non-renounceable rights issue fully underwritten by CPS Capital Group Pty Ltd ( CPS ).

   • a) If all shareholders of the Company on the record date of 30 October 2013 take up their entitlements under the Rights Issue, then the Rights Issue will have no effect on the control of the Company.

   • b) If the shareholders take up none or only some of their entitlements under the Rights Issue, then the Rights Issue will have limited effect on control of the Company. Under the terms of the underwriting agreement with CPS, the Underwriter must ensure that no party will receive Shortfall Shares that in itself (i.e. the amount of the shortfall) would result in a voting power in the Company equal to or greater than 10%.

If you have any questions in relation to the Rights Issue, please do not hesitate to contact the Company on (08) 9485 2836.

Yours faithfully

==> picture [123 x 38] intentionally omitted <==

Rudolf Tieleman Company Secretary