METEORIC RESOURCES NL — Capital/Financing Update 2017

Aug 31, 2017

ASX: MEI

METEORIC RESOURCES

1 September 2017

METEORIC ACQUIRES EXTENSIVE GEOLOGICAL DATABASE

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Acquisition price less than 8% of replacement cost, estimated value over $5 million

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In excess of 1,000 technical documents obtained

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Reprocessing & analysis of historical data underway, initial results expected within weeks

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Historical data provides a fast tracked, multi-year advancement in technical program

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Includes all available Geophysical, Geochemical and Structural data covering Belleterre-Angliers Greenstone Belt

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Numerous drill ready targets identified and drilling program being scheduled

Meteoric Resource NL’s (“Meteoric” or the “Company”) recent pegging activity has expanded its land holding in the Baby Segment of the Belleterre-Angliers Greenstone Belt (BAG) to over 118 km. Meteoric is now the largest landholder in the greenstone belt which hosts the historical Belleterre Gold (1.1 Moz) and Lorraine Copper/Nickel Mines. Meteoric’s expanded landholding now encompasses 24 of the 36 historical high priority EM targets identified by Falconbridge Limited and provides numerous drill ready targets.

To complement the expanding landholding the Company has negotiated to acquire a comprehensive database of raw technical information as well as geological interpretations covering the entire Belleterre-Angliers Greenstone Belt, with a value exceeding $5 million.

Reprocessing and analysis of the technical information has commenced with initial results expected within weeks. It is anticipated that a continual stream of results will be released to the market during the process of evaluating the 1,000+ technical documents .

WWW.METEORIC.COM.AU / PERTH AU ABN: 64 107 985 651

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METEORIC RESOURCES

Significant Items Contained in the Database Include:

AIRBORNE EM SURVEYS – 4 CHANNEL

• Fugro 2001 – MEGATEM - Baby Segment of the BAG

• Geotech 2004 – VTEM - La Force project

AIRBORNE MAGNETIC

• 4 Surveys (2001, 2002, 2004 x 2) - complete coverage of all project areas

• Conducted by Aeroquest, Terrequest, Fugro and Geotech

GROUND BASED EM SURVEYS

• Aurora 2005 - Belleterre Segment of BAG

• Lamontagne 2003 - Ground HLEM - Geoffrey anomaly

GROUND INDUCTIVE POLARISATION

• Belanger Geophysics 1999 - Blondeau target - Belleterre Segment

SOIL/ROCK CHIP GEOCHEMISTRY

• Aurora Platinum 2001-2004 (9 programs) - Belleterre & Baby Segments of the BAG

• Hinterland 2002 - Belleterre Segment

MULTI-ELEMENT DRILL DATABASE

• Including assays and downhole surveys for numerous drill programs

Transaction Terms

The Company has entered into a binding sale and purchase agreement to acquire 100% of an extensive geological database. The consideration for the acquisition of the Data is as follows:

• 7,200,000 fully paid ordinary shares payable within 5 business days of Execution of the Sale & Purchase Agreement

• CAD $165,500 payable within 5 business days of Execution of the Sale & Purchase Agreement

“The recent acquisition of technical data enables Meteoric to gain significant insight into the geological opportunities within the Belleterre-Angliers Greenstone Belt (BAG), whilst saving the company valuable time and money associated with advancing our high grade polymetallic project. The technical data will also assist Meteoric in it’s endeavors to reconsolidate the project area and embark upon the strategy of development of the multiple, shallow, high grade, gabbroic sills”.

Executive Director, Graeme Clatworthy

WWW.METEORIC.COM.AU / PERTH AU ABN: 64 107 985 651

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METEORIC RESOURCES

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Historic Data Company Year Type	Historic Data Company Year Type	Historic Data Company Year Type	Auroradem	Baby	Brodeur	Belhumeur	Blondeau	Delbreuil	Devlin	Geoffroy	Gaboury	Guillet	Halle	H-Belleterre	Lac Au Sable	Lac Profond	Lac Simard	Laforce	Laperriere	Midrim
Terrequest	2004	Airborne Mag
Aeroquest	2002	Airborne Mag
Fugro	2001	Megatem (Mag & EM)
Aurora	2003	Ground Gravity Survey
Geotech	2004	VTEM (Mag & EM)
Belanger Geophysics	1999	Castor Ground IP
Aurora	2005	Ground EM
Clearview	2002	Ground Mag
Aurora	2004	Sampling Survey Cu, Ni
Lambert (geo)	2004	Drilling,Mag,EM,IP
Aurora	2001	Soil Survey
Aurora	2004	Rock Sampling
Aurora	2005	Mapping
Aurora	2004	Trench Sampling
Aurora	2004	Rock Sampling
Aurora	2004	Drilling/Sampling
Aurora	2004	Sampling
Aurora	2004	Sampling
Aurora	2005	Sampling
Aurora	2005	Sampling
Aurora	2005	Sampling
Aurora	2005	drilling; mapping
Aurora	2005	drilling; mapping
Fieldex	2001	Sampling, Mapping
Aurora/Hinterland	2001	Alotta geological mapping
Aurora/Hinterland	2001	Angliers geological mapping
Aurora/Hinterland	2001	Delphi geological mapping
Aurora/Hinterland	2001	Delphi geological mapping
Aurora/Hinterland	2002	Patry and Zulu geological mapping
Aurora	2001	Midrim West geological mapping
Aurora	2001	Midrim Croche geological mapping
Aurora	2001	Midrim East geological mapping
Aurora	2001	Midrim Main geological mapping
Hinterland	2001	Patry geological mapping
Aurora	2001	Baby geological mapping
Aurora	2001	Baby geological mapping
Aurora	?	Massive Sulphide geological mapping
Aurora/Fieldex	2004	Delbreuil geological mapping
Hinterland	2002	Soil Survey
Aurora	2003	Geoffrey geological mapping
Aurora	2005	Guilet geological mapping
WWW.METEORIC.COM.AU / PERTH AU ABN: 64 107 985 651 3

METEORIC RESOURCES

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Historic Data continued Company Year Type	Historic Data continued Company Year Type	Historic Data continued Company Year Type	Auroradem	Baby	Brodeur	Belhumeur	Blondeau	Delbreuil	Devlin	Geoffroy	Gaboury	Guillet	Halle	H-Belleterre	Lac Au Sable	Lac Profond	Lac Simard	Laforce	Laperriere	Midrim
Aurora	2004	Harding East geological mapping
Aurora	2004	Harding West geological mapping
Aurora	2004	Hosking Trench geological mapping
Aurora	2004	Sisco trench geological mapping
Aurora	2005	Temiscamingue Regional geological mapping
Aurora	2002	Baby diamond drilling (7 holes)
Aurora	2002	Geoffrey diamond drilling (8 holes)
Aurora	2000	Midrim diamond drilling (86 holes)
Hinterland/Aurora	2001	Belleterre diamond drilling (78 holes)
Aurora	2001	Midrim diamond drilling (1 hole)
Aurora	2001	Midrim diamond drilling (4 holes)
Aurora	2005	Gaboury diamond drilling (3 holes)
Aurora	2005	Guilet diamond drilling (13 holes)
Soquin, Finnlett, Audrey,Jag	1980	Ground IP Surveys
Cambior	1990	Ground EM Surveys
Tom Exploration	2002	Boudrias Ni-Cu compilation
Brominco	1975	Boudrias Ni-Cu diamond drilling
Kerr Addison	1958	Laforce Cu Ni PM mapping
FLX	2002	Brodeur Ultramafic Prospecting
FLX	2002	Brodeur Ultramafic IP
Belanger Geophysics (FLX)	2001	Ground IP and Mag Survey
Meeguish (FLX)	2001	Magnetic Survey
Alotta Resources	1988	Ground IP Surveys
FLX	2001	Laforce Grab Samples
Tom Exploration	2000	Roy Showing Mapping
Tom Exploration	2000	Roy Showing Min and Mag

Competent Person Statement

The information in this announcement that relates to the Midrim Project is based on information compiled and fairly represented by Mr Jonathan King, who is a Member of the Australian Institute of Geoscientists and a consultant to Meteoric Resources Limited. Mr King, a fulltime employee of Collective Prosperity Pty Ltd, has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he has undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr King consents to the inclusion in this report of the matters based on this information in the form and context in which it appears

Contact Graeme Clatworthy Executive Director T +61 8 9485 2836 M 0418 902 341 E graeme@meteoric.com.au

WWW.METEORIC.COM.AU / PERTH AU ABN: 64 107 985 651

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