METRO MINING LIMITED — Capital/Financing Update 2015

Jul 12, 2015

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MARKET RELEASE

13 July 2015

Metro Mining Limited

TRADING HALT

The securities of Metro Mining Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Thursday, 16 July 2015 or when the announcement is released to the market.

Security Code: MMI

Ivan Tatkovich Adviser, Listings Compliance

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13 July 2015

Ivan Tatkovich

ASX Limited 20 Bridge Street Sydney NSW 2000

Via email: – Ivan.Tatkovich@asx.com.au

Dear Ivan,

Metro Mining Limited Request for Trading Halt

Metro Mining Limited (Metro Mining or the Company) requests that a trading halt be granted by ASX immediately with respect to its fully paid ordinary shares (ASX: MMI).

For the purposes of Listing Rule 17.1, Metro Mining provides the following information:

• (a) The trading halt is requested pending an announcement to be made by Metro Mining to the market in connection with its fundraising initiatives. It is necessary to assist the Company to manage its continuous disclosure obligations in applicable jurisdictions so that the Company does not create an uncertain or uniformed market for trading in the Company’s shares.

• (b) Metro Mining requests the trading halt remains in place until 10am (Sydney time) Thursday, 16 July 2015 unless before that time Metro Mining makes an announcement in relation to this matter.

• (c) The Company expects to make the announcement to the market concerning the outcome of its fundraising initiatives before the commencement of normal trading on Thursday, 16 July 2015.

• (d) Metro Mining is not aware of any reason why the trading halt should not be granted or any other information necessary to inform the market about the trading halt.

Yours sincerely,

Mr Scott Waddell, FCPA, AGIA Company Secretary