VYSARN LIMITED — Capital/Financing Update 2012

Jun 14, 2012

MHM AL80 Update

ASX Release – 15 June 2012

• First shipment of MHM’s AL80 product receives final clearance from destination port customs authorities, and is en route to the end user

• MHM and Bandfield have executed an AL80 supply contract for all Australian produced material

• Second shipment of AL80 expected to depart Geelong by end June 2012

• Letter of Intent executed between MHM and Bandfield for the offtake of all AL80 produced in the United States

• Both contracts provide that Bandfield can only source AL80 and aluminium oxide based products from MHM or subsidiaries

ASX Codes

MHM, MHMO

Issued Capital

105.3M Ordinary Shares 23.0M Listed Options

Substantial Shareholders

Rogers Southern PL 10% Directors 13% Top Twenty 34%

MHM Metals Limited (ASX:MHM) has received written confirmation from Australia Bandfield Group Pty Ltd and their agent, OIGC Inspection Services, certifying its AL80 product has successfully passed all three stages of a customs and quarantine process at its destination port. The shipment is now en route to the end user of the product.

MHM’s wholly owned operating subsidiary Alreco Pty Ltd and Bandfield have executed a 10 year supply contract for the offtake of all AL80 produced in Australia by Alreco. The details of the contract are confidential, however it does provide for the offtake of all AL80 produced in Australia by Alreco.

The next shipment of AL80 is scheduled to depart Geelong prior to the end of June 2012. Thereafter, Bandfield has agreed to maintain a weekly transport material pick-up from the plant to minimise stockpiling.

Directors

Chairman - Basil Conti Managing Director - Frank Rogers Executive Director - Ben Mead Executive Director - Simon Wells Non-Exec Director - Dr Neil Allen

Contact:

PO Box 21 KINGSTON TAS 7051

T: +61 (0)3 6229 9955 F: +61 (0)3 6229 8430 W: www.mhmmetals.com E: info@mhmmetals.com ABN: 41 124 212 175

MHM’s wholly owned US based subsidiary, MHM Metals Corporation, has also executed a Letter of Intent with Bandfield for the supply of all AL80 produced at its US operations.

The parties have agreed that Bandfield will only purchase AL80 and aluminium oxide based products from MHM and subsidiaries, preventing other producers of aluminium oxide from engaging with Bandfield. MHM is actively seeking additional aluminium oxide feedstock for conversion into AL80 to also sell to Bandfield.

The development of high volume markets for the offtake of AL80 by MHM is of major significance to the global secondary aluminium industry. Finding commercial uses for aluminium oxide has been the largest inhibitor to economic recycling of salt cake and black dross.

FURTHER INFORMATION:

Rudi Michelson Monsoon Communications +61 (0)3 9620 3333 rudim@monsoon.com.au

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MHM ASX RELEASE - 15 JUNE 2012 MHM AL80 Update

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