METRO MINING LIMITED — Capital/Financing Update 2015

Jul 28, 2015

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29 July 2015

Company Announcements Office

Australian Securities Exchange 20 Bridge Street

Sydney NSW 2000

Dear Sir

Dispatch of Non-Renounceable Entitlements Issue Prospectus and Entitlement Offer Form

Metro Mining Limited (ASX: MMI) is pleased to advise that a copy of the NonRenounceable Entitlements Issue Prospectus and Entitlement Offer form in relation to the non-renounceable entitlements issue announced on 16 July 2015 has been dispatched today to eligible shareholders as at the record date of 24 July 2015.

The Entitlement Offer is for a total of approximately 44.8 million New Shares to raise approximately $3.6 million before costs.

Acceptances for the Entitlements Offer open on Friday, 31 July 2015 and are expected to close at 5.00pm (EST) on Friday, 28 August 2015.

Applicants should consult their broker or professional advisor in regards to undertaking an investment in the Entitlement Offer.

Yours sincerely

Scott Waddell Company Secretary