MINREX RESOURCES LIMITED — AGM Information 2015

Nov 22, 2015

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ANNUAL GENERAL MEETING 23 NOVEMBER 2015

CHAIRMAN’S ADDRESS

Welcome to the 4[th] Annual General Meeting of MinRex Resources NL for the year ended 30 June 2015.

Your Company continued to progress judiciously with limited work on both its project areas, namely Deflector Extended in the Murchison Goldfields, mid-West of Western Australia and Heemskirk on the North-West coast of Tasmania. The two projects are current and all expenditure and regulatory requirements for the current year have been met.

Whilst continuing with limited work on its two project areas, your Company has been actively assessing other corporate opportunities, particularly outside of the mining sector.

On 8 July 2015, your Company announced that it had entered into a Memorandum of Understanding to acquire all of the share capital of Hello Real Estate Limited, subject to due diligence, shareholder and other regulatory approvals. Your Company subsequently completed its due diligence of Hello, entered into a Share Purchase Agreement with the Hello shareholders, and is now seeking shareholder approval of the proposed acquisition at today’s Annual General Meeting.

Today is an important day in the short history of your Company, as we come together to vote on the proposed acquisition of Hello. The proposed acquisition is an exciting opportunity for shareholders to significantly change the activities of your Company, and in the process enhance the prospects to increase shareholder wealth. Your Board recommends that all shareholders vote in the affirmative for all resolutions at today’s meeting.

Given the proposed significant change in your Company’s activities, the ASX has suspended trading of your Company’s shares, pending the outcome of today’s meeting. Should shareholders vote in the affirmative for all today’s resolutions, then your Company’s shares will remain in suspension on the ASX until the Company has changed its status with ASIC, raised a minimum of $5 million in capital and re-complied with chapters 1 and 2 of the ASX Listing Rules.

The Company has continued to operate with limited executive management, preferring to make use of highly experienced and skilled consultants to support it to most effectively assess value enhancing opportunities for shareholders. This modus operandi will change and appropriate staff retained within the Company or wider group once there is a significant change in the activities of your Company. In the interim, the responsibility for overseeing the day-to-day operations and the strategic management of your Company remains with the Executive Director.

MinRex Resources NL ACN 151 185 867 LinQ House Level 1, 17 Ord Street West Perth WA 6005 P: +61 8 9486 8806 F: +61 9321 3559

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On behalf of my fellow Directors I take this opportunity to thank all shareholders for their attendance at today’s meeting and for their ongoing support of the Company.

That concludes the Chairman’s address and we now move to the formal part of the meeting.

Simon Durack Executive Director

For enquiries, please contact:

Simon Durack Executive Director Ph: 08 9486 8806

Dated: 23 November 2015

MinRex Resources NL ACN 151 185 867 LinQ House Level 1, 17 Ord Street West Perth WA 6005 P: +61 8 9486 8806 F: +61 9321 3559