PAINCHEK LTD — Capital/Financing Update 2014

Aug 28, 2014

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ENTITLEMENTS ISSUE – DESPATCH OF PROSPECTUS

29 August 2014

DIRECTORS

David Deloub Executive Chairman

Ian Prentice Non-Executive Director

Merah Resources Limited (ASX:MEH) is pleased to advise that the Prospectus in connection with its non-renounceable entitlement issue announced on 18 July 2014, the Entitlement and Acceptance Forms have been despatched today by Security Transfer Registrars Pty Ltd, Merah’s share registry service provider.

Jason Eveleigh

Non-Executive Director Suzie Foreman Company Secretary

SHARE INFORMATION

ASX Code: MEH

Issued Capital: 33.1M Fully Paid Shares 7.0M Unlisted Options 2.0M Performance Rights

The Entitlements Issue will be conducted in accordance with the timetable detailed in the prospectus dated 19 August 2014.

Yours faithfully,

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David Deloub Managing Director

CONTACT INFORMATION

Registered Office: Level 2, 79 Hay St Subiaco, WA 6008 T: +61 89200 4436 F: +61 89200 4437 www.merahresources.com.au

Merah Resources Limited ACN: 146 035 127

About Merah Resources Limited

Merah was incorporated on 27[th] August 2010 for the purpose of identifying, evaluating and acquiring resource projects and assets in Australia and/or overseas that are considered by the Board to add potential shareholder value.

The Company plans to actively explore the Ghanaian project that makes up its current asset portfolio by initiating a targeted and cost effective exploration program.

The Company also intends to continue to identify, evaluate and if warranted, acquire additional resource projects and assets both in Australia and overseas.

These projects may be acquired by way of direct project acquisition, joint venture, farm-in or equity investment.

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