Corporate Presentation...

1. Corporate Presenta,on
March 2017
Exploring for copper and gold in the
Arabian Nubian Shield

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Disclaimer
2

3. Contents Page
3
Company overview 3
Opera,ng mines in the Arabian Nubian Shield 4
Management 5
Share structure 6
Prior funding and use of capital 7
Eritrea: Republic of Eritrea & Map 8
Why Eritrea? 9
Why are we exploring in Eritrea? 10
Mineral licences map for Eritrea 11
Company’s Licence map 12
Kofot – Gerger Massive Sulphide project 13
Drilling results at Kofot - Gerger 14
Copper oxide potenOal of Kofot – Gerger 15
Kofot North & Yakare East Massive Sulphide prospects 16
Taninay Orogenic Gold project and district wide gold prospects 17
Company growth model and EXIT Strategy 20
Value Curve 21
Group Structure – current and proposed 22
Page

4. Company overview
w Arabian Nubian Resources Limited (ANR) is a private Guernsey-registered resources company focused exclusively on
the highly prospec2ve mineral rich but underexplored region in the Gulf / Horn of Africa known as the Arabian
Nubian Shield
w Experienced management team (>10 years rela2onship in Eritrea)
w Ac2ve in Eritrea (through a wholly-owned subsidiary) with an explora2on licence 60km up-strike from Nevsun’s
world class Bisha Mine
w The Arabian Nubian Shield (ANS) is host to a number of mul2 billion dollar volcanic massive sulphide (VMS) deposits
¯ Jabal Sayid (Barrick / Ma’aden - Kingdom of Saudi Arabia)
¯ Hassai (North Sudan)
¯ Bisha (Eritrea) as well as several gold deposits e.g. Sukari (Egypt) and is largely unexplored with huge poten2al
for new discoveries
4

5. Opera,ng mines in the Arabian Nubian Shield
5
Jabal Sayid Mine (Copper) -
KINGDOM OF SAUDI ARABIA
Barrick - Ma’aden
w Copper reserve: 1.34 billion pounds
w Average annual produc2on of 100 –
130 million pounds copper per annum
over the first 5 years at a cash cost of
$1.50 - $1.70 / pound
Sukari Mine (Gold) – EGYPT
Centamin plc (LSE)
w Gold resource: >15.5 million ounces
(Moz)
Bisha Copper Mine (Gold + Copper + Zinc) – ERITREA
Nevsun Resources Ltd (TSE)
w Es2mated payable produc2on remaining (post 2011):-
w 330,000 ounces gold + 10.3 million ounces silver + 860 Million pounds copper + 1.89 Billion lbs zinc

6. Management
6
w Geology BSc (Hons) graduate from
Portsmouth
w Mineral Explora2on MSc graduate
from The Royal School of Mines,
Imperial College, University of
London
w MBA from the Open University
w > 25 years minerals industry
experience in gold and base
metals in Europe, Africa and South
America
w > 10 year rela2onship
in Eritrea
w Ex-De Beers diamond buyer and
valua2on specialist
w Extensive network to high net
worth individuals and financial
ins2tu2ons in the UK and overseas
w Co-founder of Mantle Diamonds
Limited
w Long family history in the mining
sector
w Public rela2ons / investor
rela2ons specialist
w Explora2on geologist with > 15
years post-PhD experience in Au,
PGE, Ni, Cu, Co Fe and Coal
w Ex-Jubilee Pla2num and Erin
Mineral Resources
w Previously ac2ve in Southern Africa,
Nigeria and Madagascar
Lester Kemp BSc (Hons) MSc DIC MBA Rupert Baring Dr Richard Belcher PhD
Founding Director Founding Partner Explora,on Manager
Meles Hagos
Chief Geologist
w Eritrean na2onal with over 20 years
experience in the mining sector
w Previous history of working for
mining companies in Eritrea

7. Share structure
7
w 43 million share outstanding + 2.6m share op2ons (@ 12.5p / share)
w Less than 20 shareholders
Management
34%
Gainsburg Corpora2on
(AMED)
14% Ovid Produc2on
Corp
10%
C Boreh
8%
Westward Investments
Limited & Agulhas
Nominees
12%
Chalice Gold
7%
Goldman Sachs Securi2es
(Nominees) Limited
5%
Forest Nominees Limited
3%
Azure Trust Company
Limited
2%
Individuals x 5
5%

8. Prior funding and work history
8 2009 2010 2011 2012 2013 2014
£200,000
£200,000
@ 12.5p
£175,000
@ 12.5p
£200,000
@ 12.5p
£200,000
@ 12.5p
£448,000
@ 17.5p
£400,000
£600,000
£800,000
£787,500
@ 10p
£355,000
@ 7p
Prospec,ng phase
VTEM airborne
survey
Taninay (gold)
drilling
Kofot – Gerger
(copper + gold)
drilling
Explora,on
Ground EM
and Resource drilling……
2015

9. Republic of Eritrea
9
Company’s Explora2on
licence

10. Why Eritrea?
w Favourable mining law - 10% free carried interest by the state in any mining opera2on + op2on to buy
further 30% at market rate. State very suppor2ve of mining. Management have >10 year rela2onship
with the Government and Ministries
w Stable Government – Popula,on 50% Muslim : 50 % Chris,an
w Home to the world class Bisha Mine operated in a JV between Nevsun Resources (TSX) & the
Government of Eritrea and which in the first 2 years of produc2on had cash costs of less than $320/
ounce gold. Now mining zinc rich zone…..
w China SFECO’s Zara Gold Mine in produc2on
w World class potash deposit (Colluli) soon to be developed – mining licence recently awarded
w Proven track record of the Government working with the mining companies to develop mineral assets
10 View of the world class Bisha Mine, Eritrea (Source: Nevsun Resources Limited)

11. 11
Leg photo: 75cm thick gossanous zone exposed in
creek (at Kofot-Gerger) within the company’s
licence area
Eritrea mineral deposit context:
It is noteworthy that 2 VMS deposits in Western
Eritrea near the currently producing Bisha Mine
have / had surface exposures of gossanous
exhalite / massive sulphide similar to the above and
lev:-
At Harena, a 4 MT VMS – oxide gold deposit located 9km
SSW of Nevsun’s Bisha mine, a similar but only 5cm thick
gossanous zone was exposed in a small drainage channel.
Source: Nevsun Resources – Harena Open pit
At Hambok, a 40 MT lower grade VMS deposit located
13.5km SW of the opera2ng Bisha Mine, a similar slightly
gossanous zone only ~ 20cm thick was exposed in a
drainage channel
Compelling reason to explore in Eritrea

12. 12

13. Projects / prospects summary map
13
Kofot – Gerger copper-gold (VMS) project:
Taninay orogenic gold project:
w At least 2 VMS (copper – gold) targets – Kofot-Gerger and Yakare East
w At least 8 separate orogenic gold projects that require drill tes2ng
Southern half of licence is prospecOve for
orogenic gold deposits
Northern half of licence is prospecOve for VMS
(copper + gold + silver) deposits

14. Kofot - Gerger VMS prospect (copper-gold-silver)
Flagship project – requires ground EM and drilling to establish an ini8al maiden resource
14
Gerger
….Overview of Kofot-Gerger Volcanic Massive Sulphide (VMS) copper – gold – silver project in Eritrea (west side of ridge) looking south to Gerger,
with the Yakare river (in background) to the west…....a poten2al source of water for any future mining opera2on
Kofot
River
River

15. First and only phase of drilling at Kofot – Gerger intersects
copper
15
Ini2al shallow RC drilling (16 holes) has
intersected strong grades of copper sulphide
mineralisa2on over a 2 km distance in addi2on to
near surface copper oxide (poten2al early cash
flow). Higher grade copper zone remains to be
discovered by ground EM survey and further
drilling.
Example - Drill hole GERRC015:
43m @ 0.6 % Cu, 0.33 g/t Au + 13.17 g/t Ag
(0.92% Cu Eq.) from 75m…
…includes 7m @1.09 % Cu, 0.29 g/t Au, 24.23 g/t
Ag (1.49% Cu Eq.) and 3m @ 1.41% Cu, 2.67 g/t
Au, 23.03 g/t Ag (3.26% Cu Eq.)
Best intersec,ons:-
1m @ 2.06% Cu, 43.4 g/t Ag, 0.54 g/t Au (2.79%
Cu Eq.)
1m @ 2.11% Cu, 38 g/t Ag, 0.57 g/t Au (2.81%
Cu Eq.)
1m @ 1.84% Cu, 27.9 g/t Ag, 7.35 g/t Au (6.6%
Cu Eq.)
Ground EM and resource drilling planned at
Kofot-Gerger (contractors and equipment
already in place).
Leg: Gossan outcropping in a creek
bed, approximately 0.75m thick with
malachite staining. Located to the
west of Kofot and along strike to the
north of sulphide mineralisa2on
intersected by first and only phase of
drilling

16. Poten,al copper oxide resource at Kofot – Gerger?
16
Copper enriched oxide zone
intersected by drilling - up to
43m thick grading 0.6% copper
Drilling of the gold and / or copper oxide
caps at Kofot and Gerger (located some
2.4km along strike from one another) have
intersected an underlying copper-enriched
oxide zone up to 43m thick (intersec2on
thickness).
Assay results include 43m @ 0.6% Cu + 0.33
g/t Au.
A very hypothe2cal heap leachable copper
oxide deposit in the area: 0.3 wt.% Cu (6.6lb.
Cu/T), 50m thick x 1000m strike x 150m
deep and 2.8 g/cc (typical value for ferroan
basalt) = 21MT
Using a price of $3.5/lb copper = gross in-
situ metal value of $485m
Although very hypothe2cal it goes to show
that further drilling might establish a future
resource
Strike open for km to
the north

17. 17
w Kofot North and Yakare are iden2cal
targets as at Kofot – Gerger and are
located upstrike from the Kofot-Gerger
VMS project. Excellent poten2al for
further drill targets
w They have the strongest conductors
from the en2re GeoTech VTEM
airborne survey
w Copper in soils anomaly at Yakare >
2.5km in length
w Gravity survey completed
w Next phase will require ground EM
work prior to drilling
Kofot North and Yakare – 2 new untested VMS target areas
Untested targets
up-strike from
Kofot – Gerger and
with iden2cal
signatures
KOFOT NORTH
TARGET
YAKARE
TARGET

18. 18
Taninay orogenic gold project
One of a number of gold prospects within our licence

19. Taninay – drill sec,on
19
• Shallow diamond drilling of the main sec2on of the quartz vein was
undertaken in Feb-March 2012 – no further drilling has taken place
• Only 777 m (10 holes) were drilled in this ini2al scout drilling phase
over a strike length of approximately 2km – the remaining +10km of
strike of the shear zone system remain untested
• Results have been encouraging and confirm the elevated gold values
iden2fied at surface from channel sampling.
• The best intersec2on being 11 m at 1.37 g/t Au (including 3m @ 3.63
g/t Au) – follow up drilling is definitely warranted

20. Taninay gold project and other nearby prospects
20
Taninay: Only 777 m (10 holes) were drilled in this ini2al
scout drilling phase over a strike length of approximately 2km
– the remaining +10km of strike remain untested
Unnamed prospect: Not yet drilled
Naddeo: Not yet drilled
Tablet and unnamed prospect: Not yet drilled

21. Growth model moving forward
and exit strategy – regional consolida,on & lis,ng
21
Strategy:
w To become the ‘regional mining champion’ in the Arabian Nubian Shield with opera2ng mines supplying
local smelters with concentrate, genera2ng cash flow for shareholders and paying a yearly dividend
Tac,cs:
w Con2nue developing the Company’s projects in Eritrea
w Expand the Company’s foot print within the Arabian Nubian Shield by acquiring licences or projects in
other countries e.g. Kingdom of Saudi Arabia, or forging strategic JV’s with companies ac2ve in the region
w Friendly consolida2on (merger / takeover) of opera2ng companies in the region
w Exit Strategy:
¯ Remain private and pay out a dividend or list the company on an exchange in the region e.g. NASDAQ
Dubai, or other
¯ Merger with a public company opera2ng in the region
¯ Buyout by another company wishing to acquire a strategic land posi2on in the region

22. Value Curve for Arabian Nubian Resources
Measured
Indicated
Inferred
Pre-inferred
Proven
Probable
Resources Reserves
Junior Ac,vi,es
Explora,on Pre-development Valua,on Capex Produc,on
Major Ac,vi,es
Unit-based valua,on
(Yards,ck Method)
DCF, reserve/resource and cash flow
based valua,on
Risk Higher Lower
Discovery
Value
Opera,ons
Crossover from project to opera,ons
Time
1
Primary zone for
acquisi,ons and
partnerships * Pre-Feasibility Study
BFS
Current position of Arabian Nubian Resources
(comparator would be Citadel Resource Group (an ASX-
listed company which started evaluating the Jabal Sayid
VMS prospect in KSA and was trading around 34.5 cents) **
* Acquisi2ons and partnerships have
been iden2fied by ANR
management in the region
Citadel Resource Group bought out by Equinox
Minerals (a TSX-listed company for US$1.24BN) ***
** Source: hOp://www.proac2veinvestors.co.uk/companies/news/13208/citadel-resource-group-updates-market-on-jabal-sayid-copper-project-13208.html
*** Source: hOp://www.mineweb.com/mineweb/content/en/mineweb-base-metals?oid=113516&sn=Detail
Nevsun Resources (a TSX-listed
company which operates the Bisha
Mine in Eritrea (60:40) with the
Government and funded the
development of Bisha through equity
currently trades at C$ 3.50 / share

23. Group Structure – exis,ng and proposed
23
BVI Company ?
Local company in the Arabian
Nubian Shield?
Own licences (100%) in new country or
par2ally through a JV with a local
partner/s who have their own licences
London Africa
(UK)
Explora2on licence in Eritrea
ERITREA
New Country
100%
100%
100%
Present structure
Proposed new structure/s