MINREX RESOURCES LIMITED — Capital/Financing Update 2019

Dec 30, 2019

==> picture [131 x 43] intentionally omitted <==

ASX AND MEDIA ANNOUNCEMENT

31 December 2019

WITHDRAWAL OF REVISED TIMETABLE FOR NONRENOUNCEABLE ENTITLEMENT ISSUE

MinRex Resources Limited (ASX: MRR) (“MinRex” or “the Company”) refers to its announcement on 23 December 2019 in respect of a revised timetable for the proposed non-renounceable entitlement issue ( Entitlement Issue ).

Given the Christmas and the New Year holiday period, the Company has decided to defer the Entitlement Issue and hence withdraw the revised timetable. The Company will release a new timetable to the market as early as practicable in the new year. In the interim, the Company also has decided to defer the convening of the general meeting to convert the Loan Notes into Shares, which was originally proposed to be held on 20 January 2020 (as announced on 11 December 2019).

For further information, please contact:

Simon Durack Executive Director MinRex Resources Limited Ph: (08) 9486 8806 info@minrex.com.au

_______________________________________________________________________________________________ MinRex Resources Limited Suite 159, Level 2, Equus ABN 81 151 185 867 580 Hay Street Perth WA 6000 P: +61 8 9486 8806