1 AFRICAN LION RESOURCES NEW GOLD DEPOSIT DISCOVERY IN MOZ AMBIQUE CHIFUNDE GOLD PROVINCE DISCOVERY: “Potentially one of the most exciting African Gold deposit discoveries in recent years” KOBUS BADENHORST – INDEPENDENT CONSULTANT GEOLOGIST
DISCLAIMER - IMPORTANT NOTICE By accepting this confidential presentation (the “ Presentation Materials ”), and in consideration of it being made available to the you, you agree to keep strictly confidential the information conta ined in it and any information otherwise made available to you by African Lion Resources Ltd (the “ Company ”), whether orally or in writing, in connection with the proposed issue of convertible loan notes by the Company to a limited number of qualified investors. If you receive this Presentation on behalf of a corporation, the information contained he rein may only be disclosed to such of the recipient corporation’s directors, officers or employees as are required to review it for the purpose of deciding on investigating further the possibility of investing in the Company. 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This Presentation contains forward-looking statements and has been based upon a number of assumptions, forecasts and projections which by their nature are forward-looking. These statements relate to the future prospects, developments and business strategies of the Company. Forward-looking statements may be identified by the use o f such terms as "anticipate", "assume", “believe”, “could”, “envisage”, “estimate”, "expect", "forecast", “potential”, “intend”, “may”, “plan”, "should", “will” or the negative of those, variations or comparable expressions, including references to assumptions. The forward-looking statements contained in this Presentation are based on current expectations and beliefs, and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by those statements. If one or more of these risks or uncertainties materialises, or if underlying assumptions prove inc orrect, the Company’s actual results may vary materially from those expected, estimated or projected. Given these risks and uncertainties, potential investors should not place any reliance on forward-looking statements. These forward-looking statements speak only as at, and on the basis of information known at, the date of this Presentation. Forward looking information in this Presentation includes, but is not limited to, the Company’s objectives, goals or future p lans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward- looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this Presentation are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this Presentation, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither this Presentation nor any copy of it may be taken or transmitted into the United States of America or distributed directly or indirectly, in the United States of America or to any resident thereof except in compliance with U.S. securities laws. The technical and scientific information in this document was reviewed and approved by Ricardo Valls, P.Geo.M.SC , Independent Competent Person under the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves and a Qualified Person under National Instrument 43-101.
3 LOCATION – Mozambique • Politically stable & multi-party democracy • Economic Growth & Foreign Investment • GDP forecast >7% from 2017 onwards • 80% of World Bank’s MICA Guarantees Issued in Mozambique • “Mining friendly” - High inflow of Foreign Direct Investment (FDI) • Multi-billion dollar investments in mining, oil and gas • Mozambican Mineral Resources Governed by Mining Law 2014 • Transparent Mining Licensing system (Cadastre System) • Prospecting and Exploration License (valid up to 5 years and can be extended for 3 more years). • 6% Production Tax • A Prospecting and Exploration License can be converted to a Mining concession (valid for 25 years and can be extended for a further 25 years)
4 Mozambique – Favourable Investment Attraction for Mineral Resources & Oil and Gas • Significant mineral discoveries: Graphite, Rubies, Gold, Coal, Heavy Mineral Sands, Titanium, Tantalite, Vanadium, Lithium, Uranium, Phosphate, Iron Ore, Marble, Kaolin, Copper • Second largest Gas discovery in the world • Financial Times June 2018 “ Mozambique to become a gas supplier to world” • Estimated 5 trillion cubic metres of natural gas in the Rovuma basin • Multi-billion dollar investments from:
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