Galileo Resources PLC Corporate Presentation April 2016 · Galileo Resources PLC Corporate Presentation April 2016 1 . Disclaimer THIS DOCUMENT (“DOCUMENT”) IS STRICTLY CONFIDENTIAL

1 Galileo Resources PLC Corporate Presentation April 2016

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Copper Fundamentals Copper demand to rise

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Copper Fundamentals

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Copper trend

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*graph taken from McEvenMining

Concordia geographical map

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A World Class Portfolio Big positions in world’s most friendly mining regions

• Recent acquisition of Concordia in South Africa Northern Cape has potential to assume “World Class” copper mine potential

• Galileo acquired in May 2014 by share swap

the entire portfolio of St. Vincent Inc. This portfolio contained the properties formerly owned by Newcrest Mining Ltd Australia prior to their exit from the US. The portfolio comes with a massive data bank and is technically considered highly prospective

• Glenover (South Africa): Strategic investment in

advanced Rare Earth/Phosphate projects

Copper/Gold Assets in major mining provinces

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Concordia

Jubilee open pit

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Concordia Geographical Map Large license area (~19km²)

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• Previous focus was on narrow steep underground copper ore-bodies that could be mined from underground

• The challenges that resulted from the modelling done included: • That the narrow modeled ore bodies were deep (>400m below surface); and • the ore bodies lacked critical mass to justify the development capital for a large

commercial mining operation

• Galileo recognised a different approach was required that could unlock the copper value

• After an initial review of the entire area it became apparent that any focus on narrow deep copper veins was not appropriate

• We then considered modelling ore-bodies at lower cut off grades

• It is now becoming evident that the potential ore bodies are large wide mineralised systems close to surface

• Potential for mining on a large commercial scale similar to the copper super pits of North America

Concordia Assessment Fast modelling leads to transformational thinking

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Five massive bulk copper mineralised zones within a 10km radius of each other all outcropping on surface in an area with good infrastructure

Massive Kliphoog North target (geophysical footprint dwarf any other target) remains untested

Concordia Opportunity More of the same

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Koeëlkop 5 Ore body (all could be connected with more infill drilling) Combined: 1200m in length x 45m in width x open to depth

Koeëlkop 5 only: 310m in strike-length x 20m wide (drilled surface to 50m open to depth)

Some Data Typical and exciting

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Waaihoek Ore body

700m in strike-length x 40m wide (drilled surface to 50m open to depth)

Sample Preliminary Modelling Thick body which miners like

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Wheal Julia Modelling Impressive large zones

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Wheal Julia Recently published modelling results

Wheal Julia Cut off 0.35 % Cu 37 million tonnes @ 0.55 % Cu Whytes West Cut off 0.35 % Cu 15 million tonnes @ 0.55 % Cu Koeëlkop Cut off 0.35 % Cu 4 million tonnes @ 0.50 % Cu

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• Complete a Feasibility Study for the project from the perspective of optimising mine design

• Infill drilling

• Metallurgical test work

• EIA (Environmental Impact Assessment)

• Mine planning & Financial modeling

12 months from completing BFS (project at advanced stage)

Next Steps Fast track to value

Mining approach quick to define

• Concordia represents a potential world-class copper district

• Multi pit approach is key to unlocking significant shareholder value

• Fiver super pit mineralised zones at preliminary modeling stage showing positive results

• Only small part of prospect area examined. Significant further potential

• BEE in place

• Management team with proven track record in place

• Gabbs (Nevada, USA): Nevada bulk mining

proposition – major independent resource established and significant potential to increase

• Ferber (Nevada, USA): Large gold copper

concessions close to major new gold discovery owned by Pilot Gold Inc. (TSX)

• Crow Springs (Nevada, USA): Within three

miles of Columbus Gold, site of major gold drill programme

• Silverton (Nevada, USA) Joint Venture with Orogen Gold Plc: Numerous gold intersections. Sparsely drilled significant sheer zone

Copper/Gold Assets in Nevada, USA

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Silverton

Gabbs

St. Vincent Portfolio Desert above – treasures below

St. Vincent Project Portfolio All projects have enormous potential – Get Nevada covered

acquired from St. Vincent in 2014

Gabbs: Au-Cu Resource Au-Cu Targets Au Targets

Ferber: Cu-Au Target

Silverton in Joint Venture with Orogen Gold Plc: Au Targets

Crow Springs: Cu porphyry target

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Galileo’s Ongoing Strategy Take Concordia and Gabbs to their true value

• Current financing problems prevent company from releasing ultimate value but the outlook for all properties is well above average

• Concordia property unique and major potential

• Ferber proximity to Carlin Trend type discovery attracting major mining company interest

• Silverton ongoing mapping drill testing by joint venture partner Orogen Gold Plc

• Crow Springs to be mapped for rhyolite intrusions which drives neighbouring large gold discovery

• Glenover now well understood and placed in market. Potential for exit or continued investment

• Gabbs property in Nevada being reviewed for value release drill programme

Dr

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Gabbs Claim Package Disused processing capability next door

Lucky

Strike Gold

Ledge Sullivan

Car Body

Paradise Peak

Mill and Mine

• Gabbs claims package consists of 355 unpatented lode claims and 1 patented lode claim covering 6,900 acres (28 km²)

• Property contains 4 distinct areas of mineralisation Sullivan Deposit, porphyry deposit Lucky Strike Prospect, porphyry target Car Body Prospect , epithermal target Gold Ledge Prospect, porphyry target • Adjacent to Paradise Peak mill and mine, which produced 1.6 million ounces of gold and 42 million ounces

of silver from 1986 to 1994 19

Significant Drill Intercepts Very impressive long and significant intercepts

Zone Hole Intercept

Sullivan SD-1 88 m @ 1.43g/t Au and 0.28% Cu

from 56 m

Sullivan SD-2 89.7 m @ 0.76 g/t Au, 0.29% Cu

Sullivan SD-4 100 m @ 0.40 g/t Au and 0.29 %

Cu from 93 m

South Gold Ledge GD-5 154 m @ 0.16 g/t Au and 0.14 %

Cu from 12 m

Lucky Strike G-43 54.8 m @ 0.52 g/t Au, 0.26% Cu

Lucky Strike G-44 53 m @ 0.80 g/t Au and 0.34 %

Cu from 108 m

Car Body G-4 39.7 m @ 0.80 g/t Au

Car Body G-17 38 m @ 0.49 g/t Au from 96 m

Car Body G-28 41.1 m @ 1.12 g/t Au

Gabbs project

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Projects Promising geology

FERBER PROJECT

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Ferber Property Big position paid for

• 120 unpatented mining claims and 21 patented mining claims covering 2,377 acres

• Adjacent to recent major gold discovery Kinsley Mountain

• Claims of a new gold trend comparable to the prolific Carlin Trend

• Previous work reported: 10.8 m of 0.53 g/t Au 4.6 m of 2.15 g/t Au 4.6 m of 0.72 % Cu 26.2 m of 0.4 % Cu 12.3 m of 0.8 % Cu

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Compelling Investment Case Balanced portfolio with near term production projects

• Quality projects in South Africa and Nevada, historically big producing areas

• Strong international interest in the St. Vincent properties generally because of size and location

• Projects are open-pittable and of a size suitable for major mining company acquisition

• Geological setting provides significant opportunity for new discovery or expansion of existing mineralisation models

• The data packages acquired are the result of work carried out by major mining companies and therefore can be relied on

• In more investor friendly resource company times this portfolio could not have been assembled. Cost of acquisition prohibitive

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Colin Bird Chief Executive Officer & Chairman

Colin is a Chartered Engineer and has a Diploma in Mining Engineering, is a Fellow of the Institute of Materials, Minerals and Mining and is a certified mine manager both in the UK and in South Africa. The formative part of his career was spent with the National Coal Board in the UK and thereafter he moved to the Zambia Consolidated Copper Mines and then to South Africa to work in a management position with Anglo American Corporation. On his return to the UK he was Technical and Operations Director of Costain Mining Limited, which involved responsibility for gold mining operations in Argentina, Venezuela and Spain. Thereafter he acquired Lion Mining Finance and founded several successful mining companies.

Andrew Francis Sarosi Executive Director - Finance & Corporate Development Technical Director Andrew holds a B.Sc. Metallurgy and M.Sc. Engineering, University of Witwatersrand and is a member of The Institute of Materials, Minerals and Mining. He has more than 10 years corporate and 30 years operational experience. He is a director of AIM listed Jubilee Platinum plc, for which he was finance director from January to July 2010. He held senior and advisory positions with Consolidated Gold Fields (UK), Wheal Jane Tin Copper Zinc Mine, Amax UK – Hemerdon Tungsten Tin Project, Petromin (Mahad adh Dahab Gold Mine – Saudi Arabia), Metallurgical Consultant with Mackay & Schnellmann (UK).

Richard Wollenberg Non-Executive Director

Richard is currently Chairman and Chief Executive Officer of The Cardiff Property Public Limited Company, a quoted property investment and development company.

Christopher (Chris) Molefe Non-Executive Director

Mr. Molefe was formerly the Chief Executive of Royal Bafokeng Resources (Pty) Limited and is presently the Non-Executive Chairman of Merafe Resources Limited a publicly listed company on the JSE Securities Exchange, and a non-executive Director of Capital Oil (Pty) Ltd and Jubilee Platinum. Chris has extensive knowledge of the South African mining industry and the financial sector.

Directors and Key Officers Strong resource management team

Corporate Information

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Number of ordinary shares in issue: 194,252,721

Options : 4,945,000

AIM code: GLR

2 Cromwell Place, London, United Kingdom, SW7 2JE

Tel: + 44 (0) 207 581 4477 | Fax: + 44 (0) 207 589 7806

[email protected] | www.galileoresources.com

Galileo Resources Plc

7 Einstein Street, Highveld Techno Park, Centurion 0157 , South Africa

Tel: + 27 (0) 11 465 1913 | Fax: + 27 (0) 11 4651895

[email protected] | www.galileoresources.com

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