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Investor Presentation March 2013 Geoff McDermott Managing Director ASX Code: NML www.navarre.com.au Forward-looking statement & disclaimer The information contained in this presentation has been provided by Navarre and other sources


  1. Investor Presentation March 2013 Geoff McDermott – Managing Director ASX Code: NML www.navarre.com.au

  2. Forward-looking statement & disclaimer The information contained in this presentation has been provided by Navarre and other sources identified herein. No representation or warranty, express or implied, is made by Navarre or any adviser or any of their respective affiliates or representatives as to the accuracy or completeness of such information. Nothing contained in this presentation is or shall be relied upon as, a promise or representation by any of Navarre or any such advisers, their respective affiliates or representatives. The information contained in this presentation is for informational purposes only and is not a recommendation as to whether to invest in Navarre shares. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. Unless otherwise specified, data and tables set out in this presentation are based on Navarre management estimates. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of Navarre or its directors, or any of their employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault of negligence, for any loss arising from the use of the information contained in this presentation. In particular, no representation or warranty, express or implied is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness or any forecasts, projections, prospects or returns contained in this presentation nor is any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies. Past performance is no guarantee of future performance. This presentation includes “forward - looking statements” within the meaning of securities laws of applicable jurisdictions. Forwa rd-looking statements can generally be identified by the use of forward- looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”, “continue”, “objectives”, “outlook”, “guidance” or other similar words, and include statements regarding certain plans, strategies and objectives of management an d expected financial performance. These forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are outside the control of Navarre and any of its officers, employees, agents or associates. Actual results, performance or achievements may vary materially from any projections and forward-looking statements and the assumptions on which those statements are based. Readers are cautioned not to place undue reliance on forward-looking statements and Navarre assumes no obligation to update such information. The contents of this presentation are strictly confidential and must not be photocopied, reproduced, disclosed or distributed to any other person without the prior written consent of Navarre. Competent Person’s statement The information in this presentation that relates to Exploration Results, Mineral Resources and Exploration Potential is based on information compiled by Mr Wessley Edgar. Mr Edgar is an employee of Navarre Minerals Limited, is a member of the Australasian Institute of Mining and Metallurgy and is a Competent Person under the definition of the 2012 JORC Code. The Exploration Potential described in this Presentation is conceptual in nature, and there is insufficient information to establish whether further exploration will result in the determination of a Mineral Resource. Mr Edgar consents to the publication of this information in the form and content in which it appears. ASX Code: NML www.navarre.com.au

  3. Company Summary Navarre Minerals is a Victorian based resources company exploring for gold & base metals deposits within emerging and proven mineral corridors  Exposure to gold, copper base metals growth  Extensive tenement position  Two potential large discoveries:  Priority 1 - Tandarra Gold prospect, an emerging gold district under cover  Priority 2 - Eclipse copper-gold porphyry prospect, under- explored emerging Andean-style magmatic arc  Key projects 100% owned ( earning 75% Raydarra & Sebastian )  $1.1 million cash position (Dec 31, 2012)  Active work programs with strong news flow

  4. Bendigo North An emerging gold district • Finalised 100% ownership of Tandarra project – January 2013 • Earning 75% interest in Raydarra & Sebastian • Gold concealed by shallow Murray Basin sediments (1m – 80m deep) • Located close to 22Moz Bendigo Goldfield on same controlling fault – NML has 35km of strike • Potential for open pit mining • Near established infrastructure : HV power, water, highway, daily rail service, workforce • Activities completed • 339 drill holes for 32,000m • 70 line kilometres of CSAMT geophysics • Gravity inversion modelling

  5. Central Victoria gold endowment Dept. of Primary Industries predicts 32 Mozs of gold under cover north of Bendigo Source: Victorian Department of Primary Industries, Gold Undercover Initiative 2007

  6. Tandarra Best gold prospect in Victoria Gravity image Raydarra & Tandarra Depth to Basement Showing all drilling • Bendigo-style gold in quartz reefs September 2012 • Quartz reefs form “buried hills” under cover similar to Bendigo • New geophysical approach followed by scout drilling uncovers multiple lines of quartz reef Tandarra (100%) • 29 detected by CSAMT geophysics 4 km • 14 confirmed by drilling to contain anomalous gold • Scale potential from multiple quartz reefs, open in all directions 170.0 145.0 • Bulk sample testing of RC drill residues to assist 120.0 understanding of true gold grades 95.0 • Raydarra – a possible extension of Tandarra? Less cover 70.0 Raydarra (earning 75% ) • 45.0 Potential for open pit and underground mining 20.0 Depth to top of basement (m)

  7. Tandarra Drilling status • Two high-grade lines of reef confirmed to date – Tomorrow & Macnaughtan lines • High grade gold occurs within a broad halo of mineralised quartz close to surface • >2km of near surface gold mineralisation on established lines

  8. Tandarra Long Sections South North Un-tested for Drilled October-November 2012 Area to drill Dingee Rd repetitions 800 m Macnaughtan Line South North Existing stockwork of gold mineralisation Tested for shallow repetitions 850 m Un-tested for repetitions or Drilled October-November 2012 Dingee Rd Area to drill fold reversals 700 m Tomorrow Line Alluvial gold sheet and palaeo-drainages Bendigo Goldfield’s Sheepshead Line at same scale

  9. Tandarra Cross-section through Tomorrow line March 2013

  10. Tandarra – Recent drill results* Drill results supportive of conceptual open pit EASTING NORTHING AZIMUTH FINAL DEPTH FROM TO GOLD HOLE ID DIP INTERVAL (m) TARGET (MGA94) (MGA94) (MGA94) (m) (m) (m) (g Au/t) RCT001 246882 5972742 -70 090 104 71.0 87.0 16 1.1 Tomorrow Line RCT006 246893 5972731 -60 090 159 35.0 59.0 24 2.5 Tomorrow Line includes 45.0 57.0 12 4.9 RCT028 247018 5972419 -70 090 102 73.0 85.0 12 1.8 Tomorrow Line includes 79.0 84.0 5 3.9 RCT042 246928 5972751 -80 270 90 60.0 79.0 19 1.1 Tomorrow Line 1 includes 66.0 67.0 7.5 RCT043 246916 5972749 -80 270 84 53.0 71.0 18 1.0 Tomorrow Line RCT045 246903 5972754 -80 270 66 27.0 44.0 17 1.1 Tomorrow Line includes 35.0 43.0 8 2.0 RCT046 246965 5972750 -62 270 102 87.0 94.0 7 1.9 Tomorrow Line RCT050 246843 5972929 -80 270 102 44.0 48.0 4 9.4 Tomorrow Line includes 44.0 45.0 1 33.6 RCT051 246830 5972929 -80 270 60 20.0 46.0 26 1.0 Tomorrow Line 14 includes 22.0 36.0 1.5 RCT062 246994 5972629 -80 270 150 35.0 46.0 11 2.0 Tomorrow Line 4 includes 41.0 45.0 4.5 RCT063 246978 5972629 -80 270 120 18.0 22.0 4 9.2 Tomorrow Line includes 20.0 21.0 1 30.9 RCT069 247068 5972416 -80 270 84 77.0 79.0 2 5.5 Tomorrow Line RCT095 246919 5972826 -80 270 113 83.0 100.0 17 1.0 Tomorrow Line RCT096 246894 5972846 -80 270 108 58.0 81.0 23 1.0 Tomorrow Line RCT097 246879 5972833 -80 270 101 54.0 61.0 7 3.0 Tomorrow Line includes 54.0 55.0 1 14.9 DDT001 246889 5972825 -55 270 151.2 20.1 49.2 29.1 1.6 Tomorrow Line includes 20.1 21.4 1.3 18.1 ACT015 246898 5972750 -90 000 60.0 37.0 47.0 10 34.4 Tomorrow Line includes 37.0 39.0 2 161.2 ACT151 246484 5973240 -90 000 99.0 69.0 73.5 4.5 23.1 Macnaughtan Line includes 69.0 70.5 1.5 59.2 ACT172 246549 5973032 -90 000 96.0 46.5 49.5 3 8.8 Macnaughtan Line * See Navarre’s ASX releases dated 16 Jan 2013, 17 October 2012, 26 July 2012 & 28 October 2011

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