VYSARN LIMITED — Capital/Financing Update 2017

May 24, 2017

MHM Metals Limited Level 4, 100 Albert Road South Melbourne VIC 3205 AUSTRALIA

T: +613 9692 7222 F: +613 9077 9233 www.mhmmetals.com

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ASX Announcement

25 May 2017

PARTIAL SALE OF EQUITY INVESTMENT

MHM Metals Limited ( MHM or the Company ) (ASX: MHM) advises that following an improvement in the market value of the Company’s equity securities held in KIN Mining NL ( KIN ), the Company has sold 3,749,502 shares held in KIN via onmarket transactions for cash consideration of $1,414,924 (less brokerage fees).

Capital Structure

Ordinary shares on issue: 136,228,616

The Company still holds an interest of 1,389,936 shares as at the date of this announcement.

The Board wishes to advise that the Company is currently reviewing a number of potential opportunities that may be suitable for an acquisition by the Company to facilitate the reinstatement of the Company's shares to trading on ASX.

In accordance with Takeovers Panel guidance and the ASX Listing Rules, any such acquisitions will be subject to the receipt of shareholder approval.

The Company looks forward in updating shareholders on further developments as they unfold.

- ENDS

For more information :

MHM Metals Limited Faldi Ismail, Chairman: +61 3 9692 7222

MHM Metals Limited ABN 41 124 212 175

Registered Office: Level 4, 100 Albert Road, South Melbourne VIC 3205| Tel: 03 9692 7222 | Fax: 03 9077 9233| www.mhmmetals.com