Broker Appointment

MetalNRG plc

“MetalNRG” or the “Company”

Broker Appointment

MetalNRG (LON:MNRG), the London NEX Exchange quoted natural resource investing company, is pleased to announce the appointment of SI Capital Limited as the Company’s corporate broker with immediate effect.  MetalNRG also announces, pursuant to the Strategic Financing announced on 20 March 2017, the issue and allotment of and the admission of the new placing and option conversion Ordinary Shares to trading on the NEX Exchange Growth Market.

Paul Johnson Chief Executive Officer of MetalNRG commented: “This Strategic Financing empowers the Company to take bold steps forward and I look forward to delivering news to the market which articulates publicly the work we have been undertaking and the nature of the opportunities we have been assessing.

The appointment of SI Capital is particularly notable.  Many investors are increasingly concerned that quoted companies choose their brokers carefully and in particular ensure that the brokers they appoint are fully aligned with existing shareholder interests.  In my work I have engaged numerous times with SI Capital over recent years and without question I view their corporate team with the greatest respect.  They are highly professional, unquestioningly capable and through this fundraise for a NEX Exchange company, have demonstrated they have material fundraising capability.

NEX Exchange is also developing rapidly, and it is a significant part of my role to demonstrate this NEX quoted share is able to trade in a liquid fashion enabling investors to buy and sell on the market with relative ease.  The NEX Exchange team are taking positive steps to further support liquidity and that, combined with corporate proactivity of quoted companies will make NEX a strong competitor to other UK and overseas exchanges and one where growth companies can thrive.”

Appointment of SI Capital Limited

The Placing was arranged on MetalNRG’s behalf by the corporate broking team of SI Capital Limited which has been appointed as the Company’s broker with immediate effect.  The Board of MetalNRG look forward to working with SI Capital in the development of the Company and the expansion of its shareholder base.

Issue and Allotment of new Ordinary Shares and admission to trading on NEX Exchange Growth Market

On 20 March 2017, MetalNRG announced a strategic financing by way of a placing and subscription (‘Placing’) of 59,000,000 new Ordinary Shares (‘Placing Shares’) and the issue of new Ordinary Shares pursuant to the exercise of 9,500,000 Directors’ options (‘Option Exercise Shares’).  As a result, a total of 68,500,000 new Ordinary Shares have now been issued and allotted and will be admitted to trading on NEX Exchange Growth Market.

Each of the Placing Shares have been issued and allotted with a half warrant to subscribe for one new Ordinary Share.  Each of the Option Exercise Shares have been issued and allotted with a bonus option which can be exercised at any time up to 7 November 2019 at an exercise price of 0.75p.

Contact Details:

MetalNRG plc

Paul Johnson (Chief Executive Officer)                                  [phone]

Cairn Financial Advisers LLP

James Caithie/Liam Murray                                                   [phone]

Notes for Editors:

MetalNRG is quoted on the NEX Exchange Growth Market in London with the stock code MNRG and is a natural resource investing company.

NEX Exchange:

Investors wishing to consider trading in NEX Exchange quoted shares can access this market from numerous brokers, a full list of which can be accessed through the following link:

http://www.nexexchange.com/for-investors/find-a-broker/

The list accessed through the link above includes certain brokers offering online trading of NEX Exchange quoted shares.

The Investing Policy of the Company is as follows:

The Company’s proposed new Investing Policy is to invest in and/or acquire companies and/or projects within the natural resources and/or energy sector with potential for growth and value creation, over the medium to long term. The Company will also consider opportunities in other related sectors if the Board considers there is an opportunity to generate an attractive return for Shareholders. This will include natural resource technologies and fintech opportunities offering leverage to resource identification, processing, recording, storage and trading businesses.

Where appropriate, the Board may seek to invest in businesses where it may influence the business at a board level, add their expertise to the management of the business, and utilise their significant industry relationships.

The Company’s interests in a proposed investment and/or acquisition may range from a minority position to full ownership and may comprise one investment or multiple investments. The proposed investments may be in either quoted or unquoted companies; be made by direct acquisitions or farm-ins; and may be in companies, partnerships, earn-in joint ventures, debt or other loan structures, joint ventures or direct or indirect interests in assets or projects.

The Board may focus on investments where intrinsic value can be achieved from the restructuring of investments or merger of complementary businesses. The Board expects that investments will typically be held for the medium to long term, although short term disposal of assets cannot be ruled out if there is an opportunity to generate an attractive return for Shareholders. The Board will place no minimum or maximum limit on the length of time that any investment may be held. The Company may be both an active and a passive investor depending on the nature of the individual opportunity.

Where the Company builds a portfolio of related assets it is possible that there may be cross-holdings between such assets. The Company does not currently intend to fund any investments with debt or other borrowings, but may do so if appropriate. Investments in early stage assets are expected to be mainly in the form of equity, with debt potentially being raised later to fund the development of such assets. Investments in later stage assets are more likely to include an element of debt to equity gearing. The Board may also offer new Ordinary Shares by way of consideration as well as cash, thereby helping to preserve the Company’s cash for working capital and as a reserve against unforeseen contingencies including, for example, delays in collecting accounts receivable, unexpected changes in the economic environment and operational problems.

The Board will conduct initial due diligence appraisals of potential business or projects and, where they believe further investigation is warranted, intend to appoint appropriately qualified persons to assist. The Proposed Board believes its expertise will enable it to determine quickly which opportunities could be viable and so progress quickly to formal due diligence. The Company will not have a separate investment manager. The Company proposes to carry out a comprehensive and thorough project review process in which all material aspects of a potential project or business will be subject to rigorous due diligence, as appropriate.