1 AFRICAN LION RESOURCES NEW GOLD DEPOSIT DISCOVERY IN MOZ AMBIQUE CHIFUNDI 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. This Presentation has been provided to each recipient at their request, solely for their information, and may not be reproduced, copied, published, distributed or circulated, to any third party, in whole or in part, or published in whole or in part for any purpose, without the express prior consent of the Company. This Presentation is a presentation of information about the Company’s activities as the date of the Presentation. It is info rmation in a summary form and does not purport to be complete. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. These should be considered, with or without professional advice, when deciding if an investment is appropriate. The information has not been independently verified and is subject to material updating, revision and further amendment. The sole purpose of this Presentation is to provide information on the Company to those parties who have expressed an interest in investigating the possibility of investing in the Company, in order that they may assess whether or not they wish to proceed with a more detailed review of the matters discussed in this Presentation. This Presentation and its contents do not, and are not intended to, constitute, or form any part of, an offer for sale, prospectus, invitation to subscribe for or purchase or otherwise acquire transferable securities in the Company within the meaning of sections 85 and 102B of the Financial Services and Markets Act 2000, as amended (“ FSMA ”), nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract or commitment to acquire any securities. No undertaking, representation, warranty or other assurance, express or implied, is made or given by or on behalf of the Company, or any of its respective affiliates, any of their respective directors, officers, employees, agents, advisers or any other person as to the accuracy, completeness or fairness of the information or opinions contained in this Presentation No reliance should be placed on the accuracy, completeness or fairness of the information or opinions in this Presentation, and no responsibility or liability is accepted for any such information or opinions, or for any errors or omissions. No person has been authorized to give any information or make any representations other than those contained in this Presentation and, if given and/or made, such information or representations must not be relied upon as having been so authorized. The contents of this Presentation are not to be construed as legal, financial or tax advice. Each prospective investor should contact his, her or its own legal adviser, independent financial adviser or tax adviser for legal, financial or tax advice. The information contained in this Presentation is being supplied as a guide only, and prospective investors must make their own investigations and satisfy themselves as to the condition of the Company and the accuracy and completeness of the statements contained herein. This Presentation should not be considered a recommendation by the Company or any of its respective directors, officers, employees, agents, advisers or any other person in connection with any purchase of, or subscription for, securities of the Company. No liability is or will be accepted for such information by the Company or any of its respective directors, officers, employees, agents or advisers or any other person. 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 incorrect, 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 – ALR Gold Project MINERAL TENURE IN MOZAMBIQUE MOZAMBIQUE • Prospecting and Exploration License • Politically stable & multi-party (valid up to 5 years and can be extended democracy for 3 more years). The Surface Tax • One of the strongest growing applicable to Prospecting and and most politically stable Exploration License: countries in Africa Year 1 – 4 17,5 MZN/ha • GDP forecast >7% from 2017 Year 5 91.0 MZN/ha onwards Year 6 105.0 MZN/ha • 80% of World Bank’s MICA Guarantees Issued in Year 7 – 8 310.0 MZN/ha Mozambique • For gold the tax is 6% of the evaluation • “Mining friendly” - High inflow carried out during the inspection of Foreign Direct Investment • A Prospecting and Exploration License (FDI) can be converted to a Mining • Multi-billion $ investments by: concession (valid for 25 years and can be extended for more 25 years). The Surface Tax applicable to a Mining Rio Tinto Nippon Steel Posco Vale Kenmare Concession License BHP Exxon Gold One ENI Coal of India Year 1 – 5 30 MZN/ha South 32 Gemfields Fura Gems Anhui Battery Min Year 6 and onwards 60 MZN/ha Syrah Mustang CPC Boabab Grupo Videre Sasol Ncondezi GMC Black Rock MMC Andarko PanEx ARM Mina De Revuboe ERG Savanna Xract PPT Mozmin NSJ
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