Issue and allotment of shares

Metminco Limited ('Metminco or 'the Company')

Issue and Allotment of Ordinary Shares under the terms of the Placing

Metminco hereby announces that the Company has issued an allotted 75,335,833 ordinary shares of no par value (Firm Placing) to sophisticated and professional investors to raise approximately A$450,000 in accordance with the Placing announced 18 February 2015. The Company has made an application for the Firm Placing to be admitted to trading on AIM with admission expected to take place on 23 February 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 1,930,851,856 ordinary shares with voting rights. This figure of 1,930,851,856 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.