Ann: RENISON AREA 5 & LEATHERWOOD DRILLING UPDATE, page-2

Metals X Limited (Metals X or the Company) is pleased to provide a further update on the ongoing drilling programs in the Area 5 and Leatherwood Trend targets at the Renison Tin Operations (Renison) in Tasmania. Renison is 50% owned by Metals X through the Bluestone Mines Tasmania Joint Venture.HIGHLIGHTS Assay results for a further 25 holes completed at Area 5 and 22 holes completed at the Leatherwood Trend have been received returning the following exceptional intersections (all true width);Area 5 20.2m at 2.79% Sn from 148.9m in hole U6805 12.5m at 5.14% Sn from 151.0m in hole U6806 14.0m at 3.82% Sn from 176m in hole U6808 20.0m at 6.27% Sn from 148.8m in hole U6809 8.7m at 5.21% Sn from 167.9m in hole U6811Leatherwood Trend 6.8m at 2.44% Sn from 173.9m in hole U6458 5.6m at 4.18% Sn from 222.0m in hole U6461 17.0m at 2.40% Sn from 160.0m in hole U6688 7.7m at 2.67% Sn from 161.2m in hole U6689 15.0m at 3.67% Sn from 148.5 in hole U6690 Area 5 and the Leatherwood Trend are located proximal to existing development and mining areas and have the potential to be brought into the mining schedule relatively quickly. The tin mineralisation at both targets remain open at depth and along strike. Infill drilling programs are underway with the intention of completing an updated Mineral Resource estimate during the June 2019 quarter in advance of mine planning studies.Managing Director, Mr Damien Marantelli, commented:“These latest drilling results from Area 5 and Leatherwood are, once again, impressive. We have mobilised an additional drill rig to accelerate the infill programs in preparation for a planned Mineral Resource estimate update.This world class ore body continues to deliver. In January, Renison recorded its highest monthly production on record, producing 871 tonnes of tin in concentrate. This was a great effort by our operational team, particularly as the Australian dollar tin price recently reached a seven-year high.Overall, performance at Renison is very pleasing and we look forward to reporting the Mineral Resource update in the June Quarter”