Issue and Allotment of Ordinary Shares

Metminco Limited ('Metminco or 'the Company')

Issue and Allotment of Ordinary Shares in accordance with exercise of Rights Issue Options

Metminco hereby announces that the Company has issued and allotted 15,288 fully paid ordinary shares of no par value ("Shares") in accordance with exercise of Rights Issue Options at an exercise price of £0.0026 per share and 7,301,562 in settlement of investor relations consulting fees at an issue price of £0.002 ("New Shares"). The Company has made an application for the New Shares to be admitted to trading on AIM with admission expected to take place on 29 December 2015. 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 2,975,335,799 ordinary shares with voting rights. This figure of 2,975,335,799 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.