MRG METALS LIMITED — Major Shareholding Notification 2012

Mar 1, 2012

2 March 2012

Mr. Dean Litis Principal Adviser, Listings ASX Operations Level 4, 525 Collins Street Melbourne Vic 3000

Dear Mr. Litis,

Re: Release of Securities from Escrow

We refer to your letter dated 24 February 2012 and advise the following information:

On 18 March 2012 a total of 28,336,000 ordinary shares fully paid in MRG Metals Limited (ASX: MRQ) will be released from Escrow.

Should you require any further information, please advise.

Yours faithfully,

G. Tumer

Shane Turner Director/Secretary