METEORIC RESOURCES NL — Capital/Financing Update 2017

May 25, 2017

ASX Code: MEI

26 May 2017

ASX Market Announcements ASX Limited 20 Bridge Street SYDNEY NSW 2000

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

Ground Floor 10 Outram Street West Perth WA 6005 PO Box 963 West Perth WA 6872 Telephone: 08 9485 2836 Facsimile: 08 9321 6571 www.meteoric.com.au

ABN 64 107 985 651

INFORMATION DISCLOSED UNDER ASX LISTING RULE 3.10.5A

The Directors of Meteoric Resources NL (“ Meteoric ”) provide the following additional information pursuant to ASX Listing Rule 3.10.5A in relation to shares issued under ASX Listing Rule 7.1A today. The information is provided as a matter of record only.

• A. The Company issued a total of 25,209,741 (“ Shares ”) fully paid ordinary shares pursuant to ASX Listing Rule 7.1A. The Shares issued under that Listing Rule resulted in the following dilution to existing holders of ordinary securities:

  • a. Number of fully paid ordinary shares on issue prior to the placement of Shares under ASX Listing Rule 7.1A was 253,268,395 shares.

  • b. Number of fully paid ordinary shares on issue following this issue of Shares was 278,478,136 shares.

  • c. Percentage of voting dilution following the issue is 9.05%.

This calculation was made prior to the simultaneous placement of 37,990,259 shares utilising the Company’s ASX Listing Rule 7.1 capacity.

• B. The Company has resolved to utilise the capacity available to it under ASX Listing Rule 7.1A as it considers this to be the most effective and expedient method of raising funds at a time when the Company needs certainty in relation to the quantum of funds being raised.

• C. The Company has entered into an Underwriting Agreement with CPS Capital Group Pty Ltd who have agreed to fully underwrite the subscription of all the Underwritten Securities.

• D. Commission for the placement is 6% of the total funds raised and equates to $16,638 in respect of the Shares issued pursuant to ASX Listing Rule 7.1A.

Yours faithfully

==> picture [179 x 54] intentionally omitted <==

Rudolf Tieleman

Company Secretary