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Introducing GoldBridges Global Resources Plc October 2014 Important notice The content of information contained in these slides (the Presentation) has not been approved by an authorised person within th e meaning of the Financial Services


  1. Introducing GoldBridges Global Resources Plc October 2014

  2. Important notice The content of information contained in these slides (the “Presentation”) has not been approved by an authorised person within th e meaning of the Financial Services and Markets Act 2000 (“FSMA”). Reliance upon this Presentation for the purpose of engaging in any investment activity may expose an individu al to a significant risk of losing all of the property or other assets invested. If any person is in any doubt as to the contents of this Presentation, they should seek independent advice from a person who is authorised for the purposes of FSMA and who specialises in advising in investments of this kind. This Presentation has been prepared by, and is the sole responsibility of, the directors of GoldBridges Global Resources Plc (the “Company”). Those directors have taken all reasonable care to ensure that the facts stated herein are true to the best o f their knowledge, information and belief. This Presentation does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares in the Company nor shall it or any part of it, or the fact of its distribution, form the basis of, or be relied upon in connection with, or act as any inducement to enter into any contract therefore. No undertaking, representation, warranty or other assurance, expressed or implied, is made or given by or on behalf of the Company or any of its respective directors, officers, partners, employees or advisers or any other person as to the accuracy, fairness or the completeness of the information or opinions contained herein, and to the extent permitted by law no responsibility or liability is accepted by any of them for any such information or opinions or any errors, misstatements in, or omission from, this Presentation or any direct or consequential loss however arising from any use of, or reliance on, this Presentation or otherwise in connection with it. Notwithstanding the aforesaid, nothing in this paragraph shall exclude liability for any representation or warranty made fraudulently. This Presentation may not be reproduced or redistributed, in whole or in part, to any other person, or published, in whole or in part, for any purpose without the prior consent of the Company. The contents of this Presentation are subject to updating, completion, revision, further verification and amendment without notice. The Presentation is directed at authorised persons or exempt persons within the meaning of FSMA or any order made thereunder or to those persons falling within the following articles of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “Financial Promotion Order” ): Investment Professionals (as defined in Article 19(5)) and High Net Worth Companies (as defined in Article 49(2)). Persons who do not fall within any of these definitions should not rely on this Presentation nor take any action upon it. This Presentation is exempt from the general restriction in section 21 of FSMA relating to the communication of invitations or inducements to engage in investment activity on the grounds that it is made only to certain categories of persons. Neither this Presentation nor any copy of it should be distributed, directly or indirectly, by any means (including electronic transmission) to any persons with addresses in the United States of America (or any of its territories or possessions) (together, the “US”), Canada, South Africa, Japan, Australia or the Republic of Ireland, or to any corporation, partnership or other entity created or organised under the laws thereof, or in any other country outside the United Kingdom where such distribution may lead to a breach of any legal or regulatory requirement. The recipients should inform themselves about and observe any such requirements or relationship. The Company’s ordinary shares have not been, and are not expected to be, registered under the United States Securities Act 19 33, as amended, (the “US Securities Act”) or under the securities laws of any other jurisdiction, and are not being offered or sold, directly or indirectly, within or into the US, Canada, South Africa, Japan, Australia or the Republic of Ireland or to, or for the account or benefit of, any US persons or any national, citizen or resident of the US, Canada, South Africa, Japan, Australia or the Republic of Ireland, unless such offer or sale would qualify for an exemption from registration under the US Securities Act and/or any other applicable securities laws. This Presentation or documents referred to in it contain forward-looking statements. These statements relate to the future prospects developments and business strategies of the Company and its subsidiaries (the “Group”). Forward - looking statements are identified by the use of such terms as “believe”, “could”, “envisage”, “estimate”, “potential”, “intend”, “may”, “plan”, “will” or the negative of those, variations or comparable expressions, including references to assumptions. The forwa rd-looking statements contained in this Presentation are based on current expectations 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 Group’s actual result s 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 the date of this Presentation. 2

  3. Introducing GoldBridges Global Resources Plc GoldBridges Global Resources Plc was previously known as Hambledon Mining Plc . Sekisovskoye mine Astana It changed its name after an offer was accepted by African Resources to acquire up to 60% of Hambledon shares. The company is AIM listed, ticker GBGR LN Almaty GBGR owns 100% of the Sekisovskoye open pit gold mine in East Kazakhstan and is focused on developing the higher grade underground deposit. In 2013 GBGR produced 30,670 oz of gold and 34,905 oz of silver. H1 2014 gold production was 12,673oz.  Sekisovskoye mine development project has been approved for inclusion in the State Program on Forced Industrial-Innovative Development (SPFIID).  We expect gold output to be greater than 100,000oz from 2017 onwards.  Growth options beyond Sekisovskoye, such as the Karasuyskoye Goldfields. 3

  4. Management Team – Proven Track Record Mr Aidar Assaubayev appointed CEO African Resources offer made to Hambledon The Assaubayev family is a proven operator of gold mines in Kazakhstan and is supported by an experienced Board. 4

  5. Financial Results – A Profitable Business H1 FY14 FY13 FY12 Revenue (US$m) 16.7 42.4 38.9 Operating profit (US$m) 3.3 3.1 -20.5 Net profit * (US$m) 3.8 1.5 -22.1 EPS (c/share) 0.19 0.15 -2.36 Net assets (US$m) 78.6 58.4 29.3 Operating cashflow (US$m) -0.8 7.3 -9.9 Investing cashflow (US$m) -5.1 -7.5 -9.3 Financing cashflow (US$m) 22.3 -0.3 20.0 Total cash flow (US$m) 16.4 -0.4 0.7 Year end (31 Dec/30 June) cash position (US$m) 18.5 2.1 2.5 * Includes a write back of US$9.3M of provisions in FY13 after the successful resolution of the fines imposed from the tailings dam 3 incident in 2011. Includes US$2m tax credit in H1 FY14 5

  6. Sekisovskoye - Production Results – Significant Improvements YoY H1 FY14 FY13 FY12 YoY % change Total ore milled (t) 333,490 701,361 628,731 12% Gold grade (g/t) 1.42 1.61 1.37 18% Recovery (%) 83.4 84.3 80.4 5% Poured gold (oz) 12,694 30,670 22,470 37% Poured silver (oz) 17,380 34,905 27,198 28% • Operating cash cost per ounce of US$903 in FY13, a 15% reduction from US$1,046 in 2012. Now reduced to US$744/oz in H1 FY14; • Positive FY13 contribution from underground mining of 7,157oz (2012: 3,347oz); • Average FY13 underground grade of 3.5g/t vs 2.75g/t in 2012. 6

  7. Sekisovskoye – an Operating Mine with Huge Expansion Opportunities • Producing gold for 8 years from open pit but vast underground reserves and resources already delineated. • Move from small open pit mine to large underground operation will increase gold output significantly and life of mine. • Geology and metallurgy well understood. 7

  8. Near Term Drilling Results For 2014 Drilling Programme To Date Hole Hole Intercept Intercept Northing Easting RL Azimuth Hole Angle Interval Grade Identification Length Start Finish (m) (m) (masl) (Degrees) (Degrees) (m) (g/t) Number (m) (m) (m) EXP276 7,233.6 6,744.6 276.0 225.6 0 10.5 0 6 6 9.2 EXP226 7,224.8 6,764.4 263.9 46.4 81.0 15 0 15 15 5.9 EXP219 7,225.2 6,772.4 263.9 46.4 64.5 18 4 18 14 6.5 EXP209 7,219.9 6,780.8 263.8 46.4 64.5 17 0 16 16 9.8 EXP210 7,219.4 6,780.2 263.9 46.4 85.5 15 0 8 8 13.1 EXP259 7,248.1 6,738.6 264.2 46.4 57.5 18 1 10 9 6.9 EXP255 7,244.6 6,742.1 264.2 46.4 58.5 18 4 14 10 5.3 EXP240 7,234.4 6,753.0 264.4 46.4 81.5 16 0.5 5.1 4.6 24.1 EXP238 7,234.5 6,753.2 264.8 46.4 30.0 12 0 4 4 17.9 EXP231 7,228.1 6,761.5 263.9 46.4 83.0 14 0 14 14 4.5 EXP271 7,253.8 6,730.1 264.2 226.4 68.5 9 0 8 8 6.1 EXP268 7,257.2 6,734.4 264.7 46.4 53.0 19.5 0 9 9 5.8 EXP269 7,257.0 6,734.2 264.3 46.4 84.0 15 0 15 15 9.5 EXP265 7,251.1 6,736.2 264.2 226.4 89.0 15 0 15 15 4.7 EXP263 7,251.1 6,736.3 264.9 46.4 41.0 12 0 11 11 11.0 8

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