1. Mines & Money Hong Kong 2013 Hong Kong Mines & Money - Explorer’s Day – 22 March 2013

2. Important notice - Disclaimer  IMPORTANT: The information in this document has been provided to you for information only by Mayur Resources (Mayur) and is subject to change without notice. Nothing contained in this document constitutes investment, legal, tax or other advice. The information in this document does not take into account your investment objectives, financial situation or particular needs. Before making an investment decision, you should consider, with or without the assistance of professional securities adviser, whether an investment in Mayur is appropriate in the light of your particular investment needs, objectives and financial circumstances.  Nothing in this document should be considered a solicitation, offer or invitation to buy, subscribe for or sell any security in any place in which, or to any person to whom, it would be unlawful to make such an offer or invitation.  By accepting this document you agree to be bound by these limitations. Mayur has prepared this document based on information available to it. Although reasonable care has been taken to ensure that the facts stated and opinions given in this document are fair and accurate, the information provided in this document has not been independently verified. Accordingly, no representation or warranty, express or implied is made as to the fairness, accuracy, completeness or correctness of the information and opinions contained in this document. To the fullest extent permitted by law, none of Mayur, its directors, employees or agents or any other persons accepts any liability for any loss whatsoever arising from any use of this document or its contents, or otherwise arising in connection therewith.

3. Why Papua New Guinea? 3 PAPUA NEW GUINEA – A LAND OF UNIQUE POTENTIAL Huge mineral potential in one of the world’s most geologically active and prospective regions A well-established mining sector, home to a number of world class mines Supportive Government, stable legislative environment and policy mechanisms and processes Favourable mining fiscal regimes such as low taxes on income and dividends Mining and Petroleum sector is the biggest contributor to the PNG economy photo

4. Mayur Resources in PNG 4 Building a Diversified Mineral Exploration & Development Company in PNG 建立巴布亚新几内亚第一个多元化矿产资源开发集团

6. Ironsands in PNG 6 Resource, Scale, Infrastructure, Product & Market Moderate to high grade extensive Ironsands deposits in southern PNG 1 Exploration Licence granted, 6 under application Total area under exploration - 17,803 km² 350 km of continuous tenements along coastline Initial exploration programmes completed indicate opportunities for low cost onshore and offshore (dredging) mining Sampling and assays returned excellent results - iron ore concentrate (60% Fe) with low impurities Extremely encouraging product specs benchmarked to other industry peers Underexplored highly prospective tenements Established team with extensive experience in delivering early stage mineral development projects in PNG and globally with iron/steel making a key strength

7. Ironsands in PNG 7 Mayur Ironsands Resource - Magnetics Regional aeromagnetics map of the Gulf Region, red denotes strong magnetic anomaly and hence iron sands deposits Note broad magnetic anomalies in the delta regions of the rivers Orope Is. ironsands Umunda Is. Ironsands

8. 8 MARKETABILITY PARAMETERS Fe grades - average concentrate spec of 58% Fe Potential for Vanadium and Titanium, as a valuable by-product, with minor amounts of rutile, zircon, ilmenite and gold Impurities compare well – NZ Iron and Steel is the industry benchmark and Kerema has both lower SiO2 and Al2O3 Main markets are blast furnaces in China and new mills using Direct Reduction-Submerged Electric Arc processes Intention to sign take-off agreements for 80% of production with remaining 20% sold on the spot market Ironsands in PNG Specification – extremely positive initial results

9. Ironsands in PNG Development Pathway – Speed and Future Scalability Kerema – the Phase 1 project Anticipate dredge mining operation and selective onshore mining OPEX anticipated approximately US$ 27 /t FOB Sales price US$ 95 – 110 per ton linked to industry indices Proximity to customers in Asia Huge upside potential with the Gulf of Papua tenement portfolio covering 12,000+ km Potential to redefine alternative low cost iron feed stock for steel making in Asia

11. 11 Copper & Gold Our projects Porphyry Systems EL2095 – Basilaki and Sideia Islands EL2040 - Sitipu ELA2091 – Clay River Volcanic Arcs and Calderas EL2094 – Rambutyo Is EL2093 – Witu Islands

12. Copper & Gold – Porphyry Systems 12 EL2095 - Basilaki and Sideia Islands Basilaki Island - Tunawada Porphyry Cu-Au Project *Historic exploration in the 1980’s demonstrated highly prospective copper and gold anomalies * Prospective multi-phase porphyry system, copper and gold defined within two separate zones * Extensive chlorite-sericite-pyrite- silica alteration system confirmed, implying greater for potential mineralisation Sideia Island *10km long zone of high grade, narrow vein mineralised structures *High-grade (>10%) copper samples collected at Yamaloi and Magipota prospects *Mayur rock chips up to 16% Cu, 3.92 gt Au *Narrow vein copper mined in the late 1800’s, shafts and adits located by Mayur *Potential porphyry system at depth indicated by anomalous Molybdenum assays Copper zone – Sideia Island.Gold in bedrock – Tunawada Prospect. EL2095 - Basilaki and Sideia Islands

13. Copper & Gold – Porphyry Systems 13 EL2095 – Basilaki Island – Tunawada Project Basilaki Island - Tunawada Porphyry Cu-Au Project * 200m x 800m zone of >0.5 g/t gold-in-bedrock anomaly (see above image) * Historical rock chip results up to 239 g/t Au * Breccia zone with potential for high grade gold located by Mayur EL2095 – Basilaki Island – Tunawada Project

14. Copper & Gold – Volcanic Arcs & Calderas 14 ‘Lihir-style’ Caldera targets Lihir Gold Mine 65MOz @ 2g/t Au Newcrest Mining Ltd At $1600 / Oz = $104 Billion in-ground value Situated within a collapsed volcanic caldera Caldera 5km across Hot steam coming out of ground Mayur’s intention is to explore for similar style calderas in PNG Garove Island, Bali Island, and Rambutyo Islands all have completely unexplored collapsed calderas

15. Copper & Gold – Volcanic Arcs & Calderas 15 ‘Lihir-style’ Caldera targets Structural interpretation – Rambutyo Island. Structural interpretation – Bali Island. Structural interpretation – Garove Island

16. Copper & Gold – Volcanic Arcs & Calderas 16 ‘ Lihir-style’ Caldera target – Rambutyo Island Mayur has just completed our first Stream Sediment sampling Found 4 Stm Sed anomalies Best Mayur - 80# Stm Sed result – a staggering 1070ppb Au Will follow-up with more Stm Sed sampling

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18. Coal in PNG 18 A new frontier for Coal Coal exploration project in PNG - consisting of 3 tenements in the Papuan Basin Two granted tenements - ‘Gulf Central’ and ‘Gulf South’ One tenement under application - ‘Gulf North’ Total area under exploration 7,579 km² Initial exploration programs completed and targets generated Prospects for thermal coal identified in a number of locations Very close proximity to access seaborne market Senior team assembled with extensive experience in delivering early stage mineral development projects, in PNG and globally, with coal a particular strength.

19. Coal in PNG Positive results in proven coal country

20. 20 Coal in PNG Known coal occurrences Unpopulated region River access to seabourne market Government appetite for diversifying PNG’s mining sector Potential to be the next Kalimantan

21. Mayur Resources – our team 21 Leadership and Delivery Team

22. www.mayurresources.com