PRESS RELEASE 5 OCTOBER 2016 BOARD CHANGE

The Board of Metals X Limited (Metals X) (ASX:MLX) wishes to advise that Mr Paul Cmrlec has resigned as a director of the Company. His resignation is due to the pending demerger and separate listing of Metals X's gold business unit conflicting with his role as the Managing Director of Pantoro Limited (ASX:PNR) who itself has now transitioned to be an Australian gold producer.

The Board of Metals X wished to thank Paul for his guidance, contribution and input as a non-executive director since July 23, 2013. Further, the board wishes Paul every success in the future.

ENQUIRIES

Peter Cook

Warren Hallam

Rod Corps

Executive Director & CEO

e: peter.cook@metalsx.com.au

Executive Director

e: warren.hallam@metalsx.com.au

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

ASX Code: MLX

OTCQX Code: MLXEF

Level 3, 18-32 Parliament Place West Perth WA 6005

Australia

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

Metals X Limited published this content on 05 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 October 2016 09:24:39 UTC.

Original documenthttps://www.metalsx.com.au/system/announcements/777/20161005_Board_Change.pdf

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