Ken Mekani, Chief Executive Officer - Designate 8-10 October 2014

2 Metallon Corporation Established African gold exploration, development & mining company Active in Zimbabwe for 12+ years 8Moz world class resource Four gold mines in operation; one in development Delivering on production - 100,000oz in 2014 Numerous expansion opportunities Committed to socially responsible mining

3 Our operations in Zimbabwe Operating mines – How Mine – flagship operation – Shamva Mine – Mazowe Mine – Arcturus Mine Mine under development – Redwing Mine Development potential – Motapa – Midwinter Zambia Mozambique South Africa Botswana

4 People - our primary asset One of Zimbabwe’s largest employers - 3,500+ employees 100% staffed by Zimbabwean nationals Local recruitment a key focus Delivering on training and development – graduate programmes, study assistance for local school-leavers – education provided to employees’ children, children from local communities Education/training essential for future generations of employees

5 Zimbabwe: a golden opportunity World-class Zimbabwean assets with exciting prospects Quality mining operations – skilled labour force – good infrastructure – high grade – shallow – low cost Expansion upside – mining, on- and near-mine – tailings retreatment

6 Gold production – 82,000oz in 2013 – 100,000oz forecast for 2014 – 20% of Zimbabwe’s total All production sold to Zimbabwean Reserve Bank subsidiary, Fidelity Printers and Refiners Contribution to fiscus – 25% corporate tax – 5% gold royalty – Government’s reduction from 7%, effective 1 October 2014 welcomed strong incentive for gold sector growth

7 Government & community engagement Long-established track record of social delivery to employees, local communities: – education – health – housing – other services Indigenisation: – policy submitted and to be approved this year Platform for further, sustained socio-economic development into the future – community trust model

8 Safety, health and environment (SHE) SHE management based on internationally recognised standards – systems approach, providing for continual performance improvement Objective - all mines certified to ISO14001, OHSAS18001, ISO9001 standards within four years Vision - attain world-class SHE management practices Strong working relationship with Zimbabwe’s Environmental Management Agency

9 Metallon – positioned for growth A golden opportunity – 8Moz world class resource – established infrastructure – skilled labour RAMP-UP TO INSTALLED CAPACITY Expansion projects at existing operations More investment in Zimbabwe More jobs, revenue Future exploration projects Focused M&A activities MID-TIER GOLD PRODUCER +500,000oz/pa

10 Conclusion World-class, mid-tier gold producer +500,000oz/pa Partner with government for mutual benefit Ambitious expansion plans, increasing our contribution Encourage other global companies, through our success, to invest Leave a POSITIVE and SUSTAINABLE LEGACY for future generations Conclusion – a real opportunity