MINREX RESOURCES LIMITED — Capital/Financing Update 2016

Jan 19, 2016

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20 January 2016

Dear Shareholder,

We refer to our announcement to the ASX on 15 January 2016, in which we advised that the RTO with Hello Real Estate Limited has been called off after both companies acknowledged that the state of market is very volatile and is not conducive to raising the capital required to go forward with the RTO. Any shareholder who has applied for new shares under the recent Prospectus Offer, will be sent a full refund.

Following shareholder approval, at the AGM on 23 November 2015, to change the company status from ‘No Liability’ to ‘Limited’, we advise that ASIC has since processed this change and henceforth the Company will now be known as MinRex Resources Limited.

The Company will continue with its existing portfolio of tenements and is currently consulting with the ASX to have its shares re-quoted as soon as possible.

We thank you for your continuing support of MinRex Resources Limited.

Yours faithfully,

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Simon Durack Executive Director MinRex Resources Limited

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