Issue and Allotment of Ordinary Shares

Metminco Limited ('Metminco or 'the Company')

Issue and Allotment of Ordinary Shares under the terms of the Bergen Funding Facility

Metminco hereby announces that the Company has undertaken the initial drawdown under the terms of the funding agreement ("Agreement") with New York based Bergen Global Opportunity Fund, LP (the "Fund") managed by Bergen Asset Management, LLC ("Bergen") announced on 1 August 2014. The Company has issued an allotted 12,786,097 ordinary shares of no par value to the Fund in return for US$238,000 (the "Bergen Shares"). The Company has today made an application for the Bergen Shares to be admitted to trading on AIM with admission expected to take place on 7 August 2014. The Shares will rank pari passu in all respects with all existing ordinary shares in the Company.

Following admission of the Shares, the Company's enlarged issued share capital will comprise 1,762,329,120 ordinary shares with voting rights. This figure of 1,762,329,120 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.