PRESS RELEASE

30 SEPTEMBER 2014 METALS X RAISES $40.445 MILLION VIA A GOLD PRE-PAY WITH CITIBANK

The Board of Metals X wishes to advise that it has completed a gold pre-pay arrangement with Citibank, N.A. (London Branch) ("Citi") over 30,000 oz of future gold production.
Under the arrangement Citi has advanced Metals X $40.445 million in cash and Metals
X has an obligation to deliver 1,250 oz of gold per month for 24 months.
Metals X had cash and working capital of $90.8 million (un-audited) as at 31 August
2014.
Funds will be applied to continued expansion of the Company's Gold Division.

ENQUIRIES

Peter Cook

Executive Director & CEO

peter.cook@metalsx.com.au

Warren Hallam Executive Director warren.hallam@metalsx.com.au Rod Corps

Manager - Investor Relations rod.corps@metalsx.com.au

Metals X Limited is a diversified group exploring and developing minerals

and metals in Australia. It is Australia's largest tin producer, a top 10 gold producer and holds a pipeline of assets from exploration to development including the world class Wingellina NIckel Project.

CORPORATE DIRECTORY

ASX Code: MLX

OTCQX Code: MTXXY

Level 3, 18-32 Parliament Place

West Perth WA 6005

Australia

PO Box 1959

West Perth WA 6872

Australia

t: +61 8 9220 5700 f: +61 8 9220 5757

reception@metalsx.com.au www.metalsx.com.au

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