METGASCO LTD — Board/Management Information 2016

Jan 13, 2016

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ASX / MEDIA RELEASE

ASX Code: MEL

14 January 2016

Appointment of New Company Secretary

The Board would like to advise that Philip Mackey of Company Matters has been appointed as Company Secretary and the person responsible for communications with ASX for the purposes of Listing Rule 12.6.

Mr. Sean Hooper has resigned from the position of Company Secretary and CFO for Metgasco and is currently assisting the company in the process of an orderly transition of the accounting function to a contract accounting service.

The board and management of Metgasco wish to extend their sincere thanks to Mr. Hooper for his four years of diligent service to the company and in particular his important role in supporting the negotiation of financial settlement with the New South Wales government. With Metgasco now transitioning to a period of capital management and new project evaluation, Mr. Hooper has indicated he wishes to pursue new opportunities and the company wishes him every success in his future endeavours.

The transition to contracted company secretarial and accounting functions in this new period, along with other steps, is expected to generate significant operating cost economies for the company going forward which will be outlined in more detail in the upcoming quarterly report.

ENDS

For further information contact:

Peter J Henderson Managing Director & CEO

Metgasco Limited ACN 088 196 383 Level 11, 2 Elizabeth Plaza, North Sydney NSW 2060 Tel:+61 2 9923 9100 Fax: +61 2 9923 9199 Web: www.metgasco.com.au