MRG METALS LIMITED — Capital/Financing Update 2016

Aug 18, 2016

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ASX ANNOUNCEMENT

19 August 2016

MRG METALS LIMITED NON-RENOUNCEABLE ENTITLEMENT OFFER

DESPATCH OF OFFER DOCUMENT FOR NON-RENOUNCEABLE ENTITLEMENT ISSUE

On 15 August 2016, MRG Metals Limited (ASX: MRQ, the Company ) announced a non‐renounceable entitlement issue of 1 fully paid ordinary share ( Share ) for each Share held by eligible shareholders to raise approximately $1,556,121 ( Offer ).

The closing date of the Offer is 5.00pm AEST on Friday, 2 September 2016.

The Company confirms that the Offer Document setting out the terms and conditions of the Offer has today been despatched to eligible shareholders.

Further information

For further information please refer to the Offer Document, which has been despatched and is available on the Company's website (http://www.mrgmetals.com.au/) or contact the Company

MRG Metals Limited C/ RSM Australia 12 Anderson Street West Ballarat VIC 3350

Telephone: (03) 5330 5800 Facsimile: (03) 5333 1667

Yours faithfully,

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SHANE TURNER Director/Secretary

MRG Metals Limited ABN: 83 148 938 532 / ASX Code: MRQ Phone: +61 3 5330 5800 / Fax: +61 3 5333 1667

12 Anderson Street West, Ballarat VIC 3350 / PO Box 237 Ballarat VIC 3353 www.mrgmetals.com.au / info@mrgmetals.com.au