MINREX RESOURCES LIMITED — AGM Information 2017

Nov 15, 2017

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ASX AND MEDIA ANNOUNCEMENT

6[TH] ANNUAL GENERAL MEETING THURSDAY, 16 NOVEMBER 2017

CHAIRMAN’S ADDRESS

Welcome to the 6[th] Annual General Meeting of MinRex Resources Limited (‘the Company’) for the year ended 30 June 2017.

Over the previous two years, your Company actively considered corporate opportunities outside of the mining sector, which were ultimately rejected by the Company prior to completion. However during the 2017 financial year, your Company chose not to pursue other corporate opportunities, and instead renewed its focus on its existing two tenements, Deflector Extended in Western Australia and Heemskirk in Tasmania.

Following work commissioned on both tenements during the year, your Company has announced that it is planning to increase its exploration budget, with a particular focus on its Deflector Extended Gold Project, which is along strike from the Doray Minerals Limited Deflector Mine, where underground mining and accompanying ore processing of copper-gold mineralisation commenced in May 2016.

Early in the current financial year, the Company took the opportunity to replenish its capital base, through both a private placement and rights issue entitlement offer. Both capital raisings were priced at $0.05 a share and together raised an additional $1.695 million in capital, before costs.

MinRex Resources Limited 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 3 November 2017, Directors appointed a fourth Director, Dr James Ellingford, to the Board of the Company. In accordance with the Constitution of the Company, Dr Ellingford retires automatically as a Director of the Company at this meeting of the Company. As Dr Ellingford was only appointed to the Board well after the finalisation and dispatch of the Company’s 2017 Notice of Annual General Meeting, it was not possible for shareholders to consider electing Dr Ellingford to the Board of the Company at this Annual General Meeting. Following this meeting, Directors will reappoint Dr Ellingford to the Board with effect from 17 November 2017, where he will hold office until the next General Meeting of the Company is held, and being eligible will offer himself for election to the Board of the Company at that time.

Your Company continues to actively and carefully review other mining and corporate opportunities to complement its existing activities and drive shareholder value.

On behalf of your Board, thank you again for your ongoing support of the Company.

For all enquiries, please contact:

Simon Durack Executive Chairman MinRex Resources Limited

P: +61 (0) 8 9486 8806 E: simondurack@minrex.com.au

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