Distribution of Shares of Minco Exploration plc

On 31 December 2019, Minco Exploration  entered into an Arrangement Agreement with Buchans Resources Limited (the Company’s sole shareholder at that time) to effect a Plan of Arrangement involving a group reorganization.

Under the Plan of Arrangement, shareholders retained their existing shares of Buchans, and Buchans distributed to its shareholders  59,868,716 exchangeable warrants (“Exchangeable Warrants”) entitling shareholders to receive either one share of Minco Exploration or 0.25 additional shares of Buchans, at the shareholder’s option, for each share of Buchans held.

During the year 2020, 9,079,000 Exchangeable Warrants were exchanged into 2,269,744 Buchans shares, 1,039,844 Exchangeable Warrants were exchanged into Minco Exploration shares and 185,152 Exchangeable Warrants were cancelled.

On 31 December 2020, the 49,564,720 remaining unexercised Exchangeable Warrants were automatically exchanged in accordance with their terms into Minco Exploration shares.

The original share certificates representing  the shares in Minco Exploration were distributed to the shareholders by Computershare Ireland Limited in June 2021, accompanied by the applicable Transmittal/ Explanatory Letters copied below.

If any shareholder has a question about his/her/its share certificated please contact Computershare Ireland Limited.

Computershare Investor Services (Ireland) Ltd.
3100 Lake Drive,
Citywest Business Campus,
Dublin 24, D24 AK82
Ireland

Telephone: +353 (0) 1447 5566

Relating to Minco:

01 447 5498 (within Ireland)
+353 1 447 5498 (outside Ireland)
Fax:              +35 31 216 3151
https://www-uk.computershare.com/Investor/contactus/default.asp

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