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METGASCO LTD Capital/Financing Update 2019

Jun 19, 2019

65313_rns_2019-06-19_9c2f720c-f208-433e-8a5f-320703fd11c3.pdf

Capital/Financing Update

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ASX / MEDIA RELEASE ASX Code: MEL

20 June 2019

CONFIRMATION OF EXPIRY DATE OF BYRON OPTIONS

Metgasco Ltd ( ASX:MEL ) (Metgasco, or, the Company ) provides confirmation to the market in relation to the expiry date of the 10m options the Company holds in Byron Energy Limited (ASX:BYE). The Company confirms that the options are exercisable as $0.25 per share with an expiry date of 21 July 2019. The Company notes it has inadvertently made reference to an expiry date of 24 June 2019 in certain previous announcements.

The Company has previously confirmed its intention to exercise the 10m options over Byron shares, prior to their maturity, subject to market conditions and general capital management considerations (See MEL announcement Metgasco Update on Funding Position 31 May 2019).

Contact and further information:

Metgasco welcomes shareholder communication and invites all interested shareholders to make contact at any time.

ENDS

For further information contact:

Philip Amery

Chairman + 61 402 091180 [email protected]

Metgasco Ltd ACN 088 196 383 Level 12, 680 George Street, Sydney NSW 2000 Tel:+61 2 9923 9100 Fax: +61 2 9959 5387 [email protected] www.metgasco.com.au

Ken Aitken Chief Executive Officer

+61 2 9923 9100 [email protected]