MINREX RESOURCES LIMITED — Capital/Financing Update 2015

Dec 8, 2015

MINREX RESOURCES NL (Changing its name to Hello Property Group Limited)

ACN: 151 185 867

HIN/SRN:

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Dear Shareholder

PUBLIC OFFER PROSPECTUS

We advise that at the Annual General Meeting of shareholders held on 23 November 2015, the acquisition of all of the share capital in Hello Real Estate Limited was overwhelmingly approved. Hence, we are now proceeding with the planned capital raising and enclose herewith a copy of the Prospectus to enable you to participate in this capital raising.

This Prospectus contains a public offering of up to 46,666,666 ordinary shares at an offer price of $0.15 per Share to raise a Minimum Subscription amount of $5,000,000 and a Maximum Subscription amount of $7,000,000.

The Public Offer is being made under the Prospectus dated 17 November 2015. In making a decision whether to make an application under the Public Offer, it is important that you read the Prospectus and seek professional advice where necessary.

If you wish to accept the Public Offer, please complete the attached form enclosed at the end of the Prospectus. Insert the number of Shares you wish to apply for. Applications must be for at least 14,000 Shares ($2,100) and in multiples of 5,000 Shares ($750.00) thereafter. The applicant(s) agree(s) upon and subject to the terms of the Prospectus to take any number of Shares equal to or less than the number of Shares indicated on the Application Form that may be allotted to the applicants pursuant to the Prospectus and declare(s) that all details of statements made are complete and accurate.

Your BPAY reference number will process your payment to your application electronically and you will be deemed to have applied for such securities for which you have paid.

If payment cannot be made electronically then a cheque(s) or bank draft(s) payable to "MINREX RESOURCES NL" must be forwarded together with your completed Application form. Your cheque(s) or bank draft(s) must be drawn on an Australian bank and expressed in Australian currency and crossed "Not Negotiable". Cash should not be forwarded.

Sufficient cleared funds should be held in your account as your acceptance may be rejected if your cheque is dishonoured.

Biller code: 159483 Ref:

You do not need to return your application form if you make payment via BPAY.

Yours faithfully,

Simon Durack Executive Director