14 August 2012


22 September 2015
Dear Security Holder

NON-RENOUNCEABLE RIGHTS ISSUE

On 18 September 2015, Metaliko Resources Ltd (ASX: MKO) (Company) lodged a Prospectus (Prospectus) with ASX Limited (ASX) and the Australian Securities and Investments Commission (ASIC) for a non-renounceable rights issue of approximately
88,322,865 New Shares, on the basis of one (1) New Share for every four (4) Shares held on 25 September 2015 (Record Date) at an issue price of 3 cents per New Share, to raise approximately $2,694,686 before costs and for the offer of Shortfall Shares (Rights Issue).
A full copy of the Prospectus will be mailed on or about 30 September 2015 to all Shareholders with a registered address in Australia, New Zealand and Hong Kong at the Record Date (Eligible Shareholders). The Prospectus is available on the ASX website at www.asx.com.auor the Company's website at www.metaliko.com.au.
It is intended that the proceeds from the Rights Issue will be used for:
• for exploration and development activities at the Bronzewing and other gold projects;
• for plant maintenance and improvements at the Bronzewing Gold Project;
• to repay a loan to Dr Ruane (an executive Director of the Company) that was made to assist the Company in completing the acquisition of the Bronzewing Gold Project;
• to pay the costs of the rights issue process; and
• to provide general working capital.
The timetable for the Rights Issue is as follows:

Notice sent to Shareholders

22 September 2015

"Ex" date (date from which Shares trade on ASX without the

entitlement to participate in the Offer)

23 September 2015

Record Date (to determine eligibility of Shareholders to participate

in the Offer)

25 September 2015

Anticipated despatch of Prospectus and Entitlement and

Acceptance Forms to Eligible Shareholders/ Opening Date

30 September 2015

Closing Date

12 October 2015

Shares quoted on a deferred settlement basis

13 October 2015

ASX notified of under-subscriptions

15 October 2015

Issue date

19 October 2015

Deferred settlement trading ends

19 October 2015

New Shares commence normal trading on ASX.

20 October 2015

Note: These dates are determined based upon the current expectations of the Directors and may, subject to the Listing Rules, be changed without notice. The Directors may extend the Closing Date by giving at least 6 Business Days notice to ASX prior to the Closing Date. As such, the date the Shares are expected to commence trading on ASX may vary.

Application will be made to the ASX for official quotation of the Shares offered under the Rights Issue. In the calculation of any entitlement, fractions will be rounded up to the nearest whole number.

159 Stirling Highway, Nedlands WA 6009

PO Box 1104, Nedlands WA 6909

Tel: +61 8 9386 9534

Fax: +61 8 9386 9473

E: bianca@metaliko.com.au

ACN 120 974 567

Overseas Shareholders

The offer is only made to Eligible Shareholders (shareholders with a registered address in Australia, New Zealand and Hong Kong at the Record Date). Therefore, if you are a shareholder with a registered address other than in Australia, New Zealand and Hong Kong (Excluded Shareholder), no offer will be made to you. In making this decision, the Directors have taken into account the small number of overseas Shareholders and the costs and administrative complexity of complying with applicable regulations in jurisdictions outside Australia, New Zealand and Hong Kong.
The issue is partially underwritten by Kesli Chemicals Pty Ltd, a company associated with Director, Michael Ruane. Kesli Chemicals Pty Ltd has agreed to underwrite the issue to the value of $1,120,000 which is the Minimum Subscription level for the issue.
For further information on the issue or how to deal with your entitlement please contact your stockbroker or MKO's share registrar, Security Transfer Registrars Pty Ltd on telephone (+61
8) 9315 2333 or facsimile (+61 8) 9315 2233. Yours faithfully

Bianca Taveira

Company Secretary

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