North Stawell Minerals (NSM) has entered into a strategic alliance with Stawell Gold Mines (SGM) to share premises, resources and most crucially, people. North Stawell Minerals (NSM) has entered into a strategic alliance with Stawell Gold Mines (SGM) to share premises, resources and most crucially, people.

1. CORPORATE PRESENTATION | 2020 |
NORTH STAWELL MINERALS
Not for release to United States wired services or distribution in the United States

2. Disclaimer
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*Reach Markets are the advisors assisting with the management of this offer and may receive fees
depending on whether an offer is taken up by investors.
**Past performance is not a reliable indicator of future performance.

3. DISCLAIMER
This presentation is made available to the recipient on a confidential basis for the purpose of providing certain information about North Stawell Minerals and its affiliates (“NSM”). This presentation is
intended exclusively for the use of the person to whom it has been delivered and it is not to be reproduced or redistributed to any other person without the prior consent of NSM. Certain information
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prospectus or an advertisement. Without limiting the generality of the foregoing, this presentation is intended to be communicated only to such persons as NSM is legally able to send it and who are legally
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financial, investment, accounting or other advice or as a recommendation by NSM or any other person in respect of any matter whatsoever.
While NSM believes that any projected returns, or other forward-looking statements, included in this presentation relating to pipeline or illustrative investments are based on assumptions and valuation
methodologies that are reasonable under the circumstances, the actual realised returns on any such investments will depend on, among other factors, future operating results, the value of the assets and
market conditions at the time of disposition, any related transaction costs and the timing and manner of sale, all of which may differ from the assumptions on which the valuations used in this presentation
are based. Accordingly, the actual realised return of any such investments mentioned herein may differ materially from the projected returns indicated herein. Historic experience of any persons associated
with NSM, and past, targeted or projected performance, is not necessarily indicative of future results and there can be no assurance that any targeted or projected returns will be achieved. The information
contained herein is as of 01 August 2020, unless otherwise indicated, is subject to change and NSM assumes no obligation to update the information herein.
No representation or warranty, express or implied, is or will be given by NSM or any of its directors, members, shareholders, partners, officers, employees, consultants, advisers or agents (together, its “Related
Persons”), and, without prejudice to any liability for, or remedy in respect of, fraudulent misrepresentation, no responsibility or liability or duty of care is, or will be, accepted by NSM or any of its Related
Persons as to the fairness, accuracy, completeness, currency, reliability or reasonableness of the information or opinions contained in this presentation, or of any other written or oral information made
available to any recipient or its advisers in connection with this presentation. Accordingly, none of NSM or its Related Persons shall be liable (save in the case of fraud) for any loss (whether direct, indirect or
consequential) or damage suffered by any person as a result of relying on any statement in, or omission from, this presentation.
This presentation and the rights and obligations of the recipients arising out of or in connection with it are governed by the laws of Australia, and the courts of Australia shall have exclusive jurisdiction to
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STRICTLY PRIVATE & CONFIDENTIAL NORTH STAWELL MINERALS2

4. CapitalStructure
Mr Brown has over 40 years’ experience in the mining and
exploration industry. He has completed over 100 technical
assignments in over 25 countries. He was previously Group Head -
Geosciences & Exploration – Anglo American.
CampbellOlsen Non-Executive Director
Mr Olsen has over 20 years’ experience in private equity and
operational management in the mining industry. He is
currently a CEO and Director of Arete Capital Partners Pty
Ltd,a resource-focussedglobalprivate equity firm.
David Huwang Company Secretary
Mr Huwang is a Principal and Chief Compliance officer
of Automic Group. He is an experienced corporate
lawyer specialising on ASX (IPO’s and reverse listings),
equity capital markets and providing advice on corporate
governance and compliance issues.
Steven Tambanis Chief ExecutiveDirector
Mr Tambanis is an exploration geologist with extensive
experience establishing and managing exploration teams
globally. He has extensive experience managing and
developing small-cap listed Companies
MajorShareholders Pre-Offer
4
Brad Robinson Chief Geologist
Mr Robinson has over 20 years experience in mining and
exploration. Involved in multiple mine starts ups including
Flying Fox, Stawell Gold Mines.
Demonstrated leadership of diverse geological teams
Kevin Lam Chief FinancialOfficer
Mr Lam has 30 years in the investment banking and
private equity industry. He was with Citibank Investment
Banking – Leverage Buyouts and M&A. Co-founder
Government of Singapore sponsored venture capital fund.
24%
%55%
Directors & Management
Jerry Ellis Non-ExecutiveChairman Graham Brown Non-ExecutiveDirector
Mr Ellis worked with BHP over 30 years, chairing the
company from 1997 to 1999. In addition, he was the director
of ANZ Bank for nearly 10 years. He has been on the board
of several listed companies and governing bodies including
Newcrest Mining, Aurora Gold, and the American Mining
Congress.
AlistairWaddellNon-ExecutiveDirector
Mr Waddell has over 25 years of diverse mineral exploration,
development and capital markets experience. He was
Founder and former CEO of GoldQuest Mining Corp.
CORPORATE & TEAM
55%
36%
9% Leviathan Resources Pty Ltd
(Victor Smorgan Group)
MLIA Syndicate (offshore
investors
Other Existing Shareholders
$60m
Market cap
Undiluted ASX: NSM
120m
Shares on Issue
at competition of offer
Undiluted at A$0.50
$20m
Cash
As at 31 May 2020
Nil
Debt
As at 31 May 2020
STRICTLY PRIVATE & CONFIDENTIAL NORTH STAWELL MINERALS3

5. 4
STRATEGIC ALLIANCE WITH STAWELL GOLD MINES
STRICTLY PRIVATE & CONFIDENTIAL NORTH STAWELL MINERALS
North Stawell Minerals (NSM) has entered into a strategic alliance with
Stawell Gold Mines (SGM) to share premises, resources and most crucially,
people.
This enables NSM to save on establishment cost and “hit the ground running” by utilising
SGM’s of operating expertise in the region and resources, including:
• A large, fully refurbished exploration office, set up with plotters, printers, secure data
storage & I.T. support
• Access to a large and efficient core farm to process drilling samples
• Access to SGM’s massive regional and mine exploration database, containing 40 years
worth of accumulated modern data
• Access to an established Community Relations team, comprised of Accounting,
Human Resources, Safety, Security and Administration resources
• Established arrangements for sharing resources with SGM’s Mining, Geology and
Exploration Team

6. KEY INVESTMENT HIGHLIGHTS
7
VICTORIANGOLD
Large 550km2 tenement package with 50 strike-km of the highly prospective Stawell Mineralised Corridor, immediately
adjacent to the 5M Oz Stawell Gold Mine
WORLD CLASSTARGETS
MULTIPLETARGETS
43 gold targets currently identified including 17 basalt domes, some up to 6km in length. SGM’s Magdala dome is 1.5km in
length with 5M Oz of historic gold production and growing
DEMONSTRATED
MINERALISATION
Multiple domes demonstrated to be gold mineralised with a JORC compliant resource of 55,000 Oz established at
Wildwood.
TEAM
World class senior exploration team and Board with strong local investor support.
INVALUABLE DATA
HISTORY
Over 40 years of exploration works including geophysics, chemistry and 160km of drilling - a massive amount of data.
Complete and full data set acquired by NSM.
A WORLD-CLASS BROWNFIELD GOLD EXPLORATION COMPANY
Seeking multi-million ounce targets on and around basalt domes similar to Stawell Gold Mines’ Magdala dome
STRICTLY PRIVATE & CONFIDENTIAL 5 NORTH STAWELL MINERALS

7. 6
SUMMARY OF TENEMENTS
STRICTLY PRIVATE & CONFIDENTIAL NORTH STAWELL MINERALS
North Stawell Minerals holds highly prospective tenure in the rich Victorian
“Stawell Corridor”, an established and successful gold production zone.
Five tenements to the north of the SGM provide a target rich environment.
• 51 strike km of highly prospective Stawell Mineralised Corridor to explore.
• Known gold occurrences along this target zone with 55 Koz JORC resource at Wildwood.
• Geophysics and geochemistry to be updated along with structural geology interpretation to
refine exploration target selection
• >40 gold targets currently prioritised.
• Belt has been held by SGM for over 40 years.
Critical new learnings from recent discoveries at Stawell Gold Mines provide valuable insight into
to gold exploration models for the Stawell Mineralised Corridor.

8. 7
SUMMARY OF TENEMENTS
STRICTLY PRIVATE & CONFIDENTIAL NORTH STAWELL MINERALS
The five main tenements and extensive targets are:
Wildwood Barrabool
• Wildwood • Lubeck
• Wildwood South • Wal Wal
• Wildwood East • Ashens
• Holts/Bismark
Glenorchy • Central TMI Dome
• Wildwood North 1 & 2 • Marlu
• West Wildwood
Deep Lead (under application)
Germania (under application) • Wimmera Park
• Germania • Wal Wal South
• Caledonia • Glenorchy
• Wimmera Park – Western Halo
• Western TMI Dome

9. 8
SUMMARY OF TENEMENTS – Wildwood (RL7051)
STRICTLY PRIVATE & CONFIDENTIAL NORTH STAWELL MINERALS
Wildwood – Extensive Proven Mineralisation
The Wildwood tenement contains 55,000 Oz JORC Inferred Mineral Resource Estimate with
significant potential to expand the gold inventory through further drilling.
• Resource is open along-strike and at depth
• Significant undrilled areas prioritised for immediate start
• Geology and mineralisation of Wildwood Basalt is similar to that of Stawell Gold Mine’s
Magdala basalt dome
• Wildwood South basalt has not been drill tested and remains a significant opportunity

10. 9
SUMMARY OF TENEMENTS – Barrabool (EL5443)
STRICTLY PRIVATE & CONFIDENTIAL NORTH STAWELL MINERALS
Barrabool – Multiple Confirmed Basalt Domes Prioritised for Exploration.
NSM has identified ix prioritised areas to commence exploration activity at Barrabool:
• Wal Wal: A proven mineralised basalt dome with anomalous gold intersected in previous
drilling
• Central TMI Dome: An inferred extension of the Wal Wal dome
• Marlu: A significant magnetic anomaly, completely untested
• Holts/Bismark: Confirmed domes from previous drilling, extensions to be tested
• Lubeck: Strong magnetic anomaly adjacent to the Coongee Fault, extensions to be tested
• Ashens: A significant magnetic feature, with southerly extensions to be tested

11. Wal Wal Dome
Glenorchy
East Wildwood
Wildwood
Dome
WWN1
WWN2
West Wildwood
10
SUMMARY OF TENEMENTS – Glenorchy (EL6156)
STRICTLY PRIVATE & CONFIDENTIAL NORTH STAWELL MINERALS
Glenorchy – The Northern Extension of the Gold Mineralised
Wildwood Basalt Dome
Three prioritised areas to commence exploration activity:
• WWN 1 & 2 are interpreted basalt domes with anomalous geochemistry.
Undrilled and prioritised for exploration. Possible northwest extensions of
the Wildwood basalt.
• West Wildwood is a 6km structure prioritised for geochemical sampling then
drilling.

12. 11
SUMMARY OF TENEMENTS – Germania (ELA7325) Under Application
STRICTLY PRIVATE & CONFIDENTIAL NORTH STAWELL MINERALS
Germania – Historic Underground Mine 10km North of Stawell
Multiple basalt domes within tenement provide numerous gold exploration
targets.
• Historic shallow high-grade workings at Germania are similar to those of the
Stawell Gold Mine in its infancy
• During 2019 an 806m diamond drill hole at Germania showed identical
geology, alteration and mineralisation to SGM’s Magdala dome
• Best drilled gold interval of 0.85m@ 4.45g/t Au.
• Prioritised for follow up drilling

13. 12
SUMMARY OF TENEMENTS – Deep Lead ELA7324 [under application]
STRICTLY PRIVATE & CONFIDENTIAL NORTH STAWELL MINERALS
Deep Lead – Multiple Gold Targets and Shallow Cover
• All targets are gold anomalous.
• Significant geochemical anomaly at Wimmera Park represents a drill ready target
• Wal Wal has coincident geophysical and geochemical anomalies for follow-up work
• Glenorchy prospect has anomalous basement geochemistry coincident with Stawell
Fault
• Wildwood Basalt is believed to extend southeast of the Wimmera Park Granite into
ELA7324 and ELA7325

14. 13
OFFER DETAILS
Use of Funds AUD$ % of use
Exploration 14,580,000 72.9
Operating
Expenses
1,789,000 8.9
Working
Capital
1,503,000 7.5
Cost of Offer –
Fundraising
1,000,000 5
Cost of Offer –
legal,
accounting,
other support
services
1,128,000 5.6
Total Use of
Funds
$20,000,000 100
Details of the offer AUD$
Shares on issue pre offer 80,000,000
Shares issued pursuant to prospectus at $0.50 per share 40,000,000
Total Shares on issue at time of admission 120,000,000
ESOP
Performance rights and options available to directors, management and staff 6,000,000
Offer timetable Date
Lodgement of prospectus with ASIC 29 July
Offer opening date 6 August
Firm offer settlement 19 August
Offer closing date 28 August
Allotment of Shares 10 September
Despatch of holding statements 11 September
Expected date for quotation of Shares on ASX 16 September
STRICTLY PRIVATE & CONFIDENTIAL NORTH STAWELL MINERALS

15. Key Points
• Exploring 51 strike-km of the 5MOz Stawell Mineralised Corridor
• Exploring 550km2 of highly prospective tenure with a seasoned
exploration team
• Targeting Magdala-style gold ore bodies with multi million ounce
potential
• Guided by 40 years of historic exploration data
• Updating geophysics and geochemistry will generate new gold
targets and enhance existing targets
• Over 40 gold prospects identified
• Wildwood is drill ready
14
SUMMARY – A compelling Victorian gold exploration play
STRICTLY PRIVATE & CONFIDENTIAL NORTH STAWELL MINERALS
2019 Drilling at Germania

16. North Stawell Minerals
PO Box 265
Stawell,Vic, 3380
Australia
info@northstawellminerals.com
www.northstawellminerals.com
STRICTLY PRIVATE & CONFIDENTIAL
North Stawell Minerals
Steve Tambanis Chief Executive Officer
+61 407 689 231
Campbell Olsen Non-Executive Director
+61 408 472 353
Sequoia - Advisor
Luke Robinson +61 458 632 740
Chris Eldridge +61 407 588 952
Alex Fabbri +61 413 832 336