beef30c1-eaf7-425f-b873-ab8b85159e75.pdf



9 October 2015


OPTION EXPIRY NOTIFICATION


Global Metals Exploration NL (ìGlobal Metalsî or ìthe Companyî) advises that an Option Expiry Notice has been sent to all Listed Option Holders in relation to the expiry of Listed Options (ASX: GXNOB) today. A copy of the letter is attached.


For and on behalf of the Board

Keith Bowker

Company Secretary (08) 9481 0544

keith@somervillegroup.com.au


9 October 2015


Notice to holders of listed options exercisable at $0.20 on or before 1 November 2015 (ìOptionsî)


We write to you as registered holder of Options. These Options entitle you to acquire fully paid ordinary shares in Global Metals Exploration NL (ìGlobal Metalsî or ìthe Companyî) (ASX: GXN). Each Option held is for the acquisition of one (1) fully paid ordinary share in the issued capital of Global Metals and the exercise price is $0.20 per Option.


You are formally advised that these Options will expire at 5.00pm Western Standard Time (WST) on 1 November 2015 and official quotation of these Options on the Australian Securities Exchange (ASX) will cease at close of trading on 23 October 2015.


The Options may be exercised in whole or in part by completing the form entitled Notice of Exercise of Options (ìNotice of Exerciseî) overleaf and returning it to the Companyís Share Registry together with payment of $0.20 for each ordinary share applied for, by no later than 5.00pm (WST) on 1 November 2015. Please note that a Notice of Exercise is only effective when the Company has received payment in full for the quantity of shares being applied for in cleared funds.


If the Notice of Exercise together with the payment in cleared funds is not received by the Share Registry on or before 5.00pm on 1 November 2015, the Options will not be exercised and will result in forfeiture of any rights that you as an optionholder may have had in relation to ordinary shares.


Pursuant to ASX Listing Rule 6.24, Appendix 6A, item 6, the Company provides the information contained in this notice.


Market (Closing) Prices of Shares


Latest available market (closing) price of shares in the Company on the ASX was $0.001 on 8 October 2015, being the last trading day prior to the date of this notice.


During the three (3) months preceding the date of this notice, the highest and the lowest market (closing) prices of shares in the Company on the ASX was constant at $0.001.


How to exercise your Options

Once your Notice of Exercise is complete and signed, please forward it together with payment to: Global Metals Exploration NL

C/- Automic Registry Services PO Box 223

West Perth WA 6872


to be received and funds cleared prior to 5.00pm WST on 1 November 2015.


Payments must be in Australian dollars and cheques should be made payable to ìGlobal Metals Exploration NLî and crossed ìNot Negotiableî and drawn on an Australian bank.


If you have any enquiries concerning this Notice or your option holding, please contact me.


Yours Sincerely,


Keith Bowker Company Secretary (08) 9481 0544

keith@somervillegroup.com.au


ABN 23 124 140 889

All registry communications to:

Automic Registry Services PO Box 223, West Perth, Western Australia 6872 P +61 (0)8 9324 2099 I F +61 (0)8 9321 2337

E info@automic.com.au



Use a black pen, Print in CAPITAL letters within the boxes provided


Name and Address on Registered Holding Holder Number


Security Code


GXNOB


Application Form on Exercise of Options Expiring 01 November 2015 @ $0.20



$

To the Directors, Global Metals Exploration NL I/We hereby

exercise Options(s) and hand you herewith my/our cheque for



Being $0.20 per share on application for

Ordinary Shares in the capital of the Company.

(If the dollar amount paid results in a fraction of a share then the shares allotted will be rounded down)


I/We request that you allot me that number of shares and I/we agree to accept that number of shares in accordance with the Constitution of the Company and I/we authorise you to place my/our name on the register.


This section must be signed for your instructions to be executed


I/We authorise you to act in accordance with my/our instructions set out above.


Individual or Securityholder 1 Securityholder 2 Securityholder 3

Sole Director or

Sole Director and Sole Company Secretary

Director Director/Company Secretary


NOTE: When signed under Power of Attorney, the attorney states that they have not received a notice of revocation. A certified copy of the Power of Attorney must be lodged with this exercise form.


GXNOBEX13
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