MINREX RESOURCES LIMITED — Capital/Financing Update 2016

Jan 14, 2016

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ASX AND MEDIA ANNOUNCEMENT

15 January 2016

MINREX & HELLO CALL OFF RTO

MinRex Resources NL ( MinRex ) ( ASX:MRR ) and Hello Real Estate Limited ( Hello ) advise that the RTO they were pursuing has been called off after acknowledging that the state of market is very volatile and is not conducive to raising the capital required to go forward with the RTO.

Accordingly, MinRex and the shareholders of Hello have agreed that the Share Purchase Agreement they had entered into, has today come to an end.

MinRex is consulting with the ASX to resume quotation of its shares as soon as possible and will continue with its current exploration portfolio.

For all enquiries, please contact:

Simon Durack Executive Director Minrex Resources NL

Philip Horan Director Hello Real Estate Limited

Ph: (08) 9486 8806

Ph: 0412 042 615

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