AFRICAN LION RESOURCES NEW GOLD DEPOSIT DISCOVERY IN MOZ AMBIQUE - PowerPoint PPT Presentation

1 AFRICAN LION RESOURCES NEW GOLD DEPOSIT DISCOVERY IN MOZ AMBIQUE CHIFUNDI GOLD PROVINCE DISCOVERY: “Potentially one of the most exciting African Gold deposit discoveries in recent years” KOBUS BADENHORST – INDEPENDENT CONSULTANT GEOLOGIST

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This Presentation contains forward-looking statements and has been based upon a number of assumptions, forecasts and projections which by their nature are forward-looking. These statements relate to the future prospects, developments and business strategies of the Company. Forward-looking statements may be identified by the use o f such terms as "anticipate", "assume", “believe”, “could”, “envisage”, “estimate”, "expect", "forecast", “potential”, “intend”, “may”, “plan”, "should", “will” or the negative of those, variations or comparable expressions, including references to assumptions. The forward-looking statements contained in this Presentation are based on current expectations and beliefs, and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by those statements. If one or more of these risks or uncertainties materialises , or if underlying assumptions prove incorrect, the Company’s actual results may vary materially from those expected, estimated or projected. Given these risks and uncertainties, potential investors should not place any reliance on forward-looking statements. These forward-looking statements speak only as at, and on the basis of information known at, the date of this Presentation. Forward looking information in this Presentation includes, but is not limited to, the Company’s objectives, goals or future p lans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward- looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this Presentation are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this Presentation, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither this Presentation nor any copy of it may be taken or transmitted into the United States of America or distributed directly or indirectly, in the United States of America or to any resident thereof except in compliance with U.S. securities laws. The technical and scientific information in this document was reviewed and approved by Ricardo Valls, P.Geo.M.SC , Independent Competent Person under the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves and a Qualified Person under National Instrument 43-101.

3 LOCATION – ALR Gold Project MINERAL TENURE IN MOZAMBIQUE MOZAMBIQUE • Prospecting and Exploration License • Politically stable & multi-party (valid up to 5 years and can be extended democracy for 3 more years). The Surface Tax • One of the strongest growing applicable to Prospecting and and most politically stable Exploration License: countries in Africa Year 1 – 4 17,5 MZN/ha • GDP forecast >7% from 2017 Year 5 91.0 MZN/ha onwards Year 6 105.0 MZN/ha • 80% of World Bank’s MICA Guarantees Issued in Year 7 – 8 310.0 MZN/ha Mozambique • For gold the tax is 6% of the evaluation • “Mining friendly” - High inflow carried out during the inspection of Foreign Direct Investment • A Prospecting and Exploration License (FDI) can be converted to a Mining • Multi-billion $ investments by: concession (valid for 25 years and can be extended for more 25 years). The Surface Tax applicable to a Mining Rio Tinto Nippon Steel Posco Vale Kenmare Concession License BHP Exxon Gold One ENI Coal of India Year 1 – 5 30 MZN/ha South 32 Gemfields Fura Gems Anhui Battery Min Year 6 and onwards 60 MZN/ha Syrah Mustang CPC Boabab Grupo Videre Sasol Ncondezi GMC Black Rock MMC Andarko PanEx ARM Mina De Revuboe ERG Savanna Xract PPT Mozmin NSJ