TSX.V: BHR Frankfurt: 04B Forward Looking Statement This - PowerPoint PPT Presentation

TSX.V: BHR Frankfurt: 04B

Forward Looking Statement This presentation may contain, in addition to historical information, forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended and forward-looking information within the meaning of the Ontario Securities Act. These forward-looking statements involve known and unknown risks that may cause actual results to be materially different from those implied herein including, without limitation, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources; the geology, grade and continuity of mineral deposits; the possibility that future exploration and development results will not be consistent with the Company’s expectations; accidents, equipment breakdowns, labour disputes or other unanticipated interruptions in exploration and development; the potential for unexpected expenses; commodity price or currency fluctuations; or failure to obtain adequate financing on a timely basis. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those presented in forward-looking statements. Accordingly, you are cautioned not to place undue reliance on the forward-looking statements made in this presentation and to make reference to the company’s prospectus and technical report for further information. The historical resource estimates reported in this presentation are not compliant with NI43-101. The resource estimates are reported as they exist in the historic records. The company has not done sufficient work to classify the historical resources as current mineral resources and therefore is not treating the historical resources as current resources. This presentation has been prepared by the Company, James Robertson, P.Eng., who is the Qualified Person responsible for the preparation of the scientific and technical information related to the Company’s operations that is included in this presentation.

Overview  Blackheath Resources - a company acquiring the top past- producing tungsten mines of Portugal, currently holds 4 of the most significant past producers  Management – experienced in tungsten and Portugal through the ownership and sale of Primary Metals, which held the Panasqueira tungsten mine in Portugal. Primary Metals started at $0.15 to a cash sale at $3.65 in 4.5 years.  Tungsten – a strategic metal in demand, top of the critical supply list in the EU. Current price US $185 per MTU unit (1 MTU = 10kg)  Covas NI 43-101 Resource Report (highest grade open-pit tungsten project in Europe)  Borralha drill result: 118 metre intersection @ 0.29% WO 3 (one of the best tungsten drill results ever reported) 1

Overview - Projects  Covas  449,800 MTUs WO 3 indicated mineral resource based on 1,081,000 tonnes at an average grade of 0.42% WO 3  767,100 MTUs WO 3 inferred mineral resource based on 2,211,000 tonnes at an average grade of 0.35% WO 3  Borralha – 118 metres of 0.29% WO 3, Portugal’s largest past producer, significant open pit potential  Bejanca  42% of test mining pits showed values greater than 400 ppm Sn (tin) and,  Showed an average content of 792 ppm Sn, and  Contained an average of 35% fine sand containing 1,551 ppm Sn (1.6kg/t  Vale das Gatas – Underground sample of stockwork totalling 11 metres average 2.09% WO 3 2

Tungsten and its Uses Properties: Uses: • Shiny, white metal • Cutting and grinding tools (tungsten carbide) • Forms super hard alloy with carbon • Steel alloys and super alloys • Extremely high melting point 3,410ºC • Electrodes, lighting filaments • As heavy as gold, density 19.25 g/cc • Armaments and military uses Hard metals (carbides) 5% Steel alloys 20% Other 8% Mill products (lighting etc) 17% Source: Roskill 2013 Roskill: 2013 3

World Mine Production - est. • World production ~ 73,000 tonnes Tungsten (W) • ~85% of the world’s tungsten is produced in China • China dominates the market, now it imports Tungsten Tonnes of Tungsten (W) Source: USGS January 2013 Austria - 1,100 Bolivia - 1,100 Canada - 2,000 China - 62,000 Portugal - 820 Russia - 3,500 Other Countries - 3,000 World Total 73,000 Tungsten has been classified as either a critical or strategic mineral by the British Geological Survey, the European Commission, the United States Government and the Government of China 4

Blackheath Board of Directors A team experienced in Tungsten and Portugal JAMES ROBERTSON, B. Sc., P. Eng. | Chairman and Director • Professional Engineer with over 40 years of experience in technical, design, management and financing services for the mining industry and public resource companies – two achieved full listings on the London Stock Exchange • Founding director and Vancouver manager of Primary Metals Inc., owning the Panasqueira Tungsten mine in Portugal, until its sale to Sojitz Inc. at $3.65 per share KERRY SPONG | Secretary, CFO and Director • Over 20 years of experience in accounting practice for private and public resource companies • CFO of junior resource companies including Primary Metals Inc. prior to its sale to Sojitz Inc. ALEXANDER LANGER | President and CEO • Over 10 years experience in Capital Markets; including 4 years at Canaccord Financial as an Investment Advisor • Previously Vice President Capital Markets for a TSX listed exploration company and has worked with numerous publically traded companies in various senior management positions. JONATHAN CARTER | Director • Over 35 years of experience in marketing and metal sales, specializing in Tungsten • Founding director, then President of Primary Metals Inc. prior to its sale to Sojitz Inc. J. MERFYN ROBERTS, M. Sc., CA | Director • Over 30 years of experience in investment fund and portfolio management • Previously Senior Portfolio Manager with CQS Management of London, UK and a director of mining companies including Agnico-Eagle Mines and Eastern Platinum Limited 5

Blackheath Advisory Committee Strategic support - A wealth of experience available to Blackheath JONATHAN HENRY| President and CEO, Gabriel Resources Ltd. • Over 18 years of experience in the international mining industry including responsibility for execution of exploration, development and M & A activities • Former CEO of LSE-listed Avocet Mining PLC including management of international tungsten assets and their spin-off into Primary Metals Inc. GEORGE CAVEY, B.Sc., P. Geo.| President, OreQuest Consultants • Over 35 years of experience in geological consulting for resource companies • Former Vice President Exploration for Orko Silver (sold to Coeur Mining in 2013 for $380,000,000) • Past President of the Canadian Council of Professional Geoscientists • Consultant to the BCSC and the TSX Venture Exchange • Consultant to and Director of Primary Metals Inc. and author of their NI 43-101 technical reports 6

History of Primary Metals Inc. • Acquired Panasqueira Tungsten Share Price Primary Metals Inc. mine in Portugal in 2003 • Listed June 2003, initial trading price $0.15 per share • Sold to Sojitz Inc. in October Panasqueira Tungsten mine 2007 at $3.65 per share • Mine produces ~100,000 MTUs p.a. from ore containing ~0.14% WO 3 • 2006 reserves 1.4 M tonnes @ 0.23% WO 3 (322,000 MTU)* * Primary Metals 43-101 technical report dated July 25, 2006 7

Investing in Portugal • Highly attractive geological setting • Supportive legislative environment, approximately 6 months to permit a mine • Excellent infrastructure – Paved road access – Ample water and power available – Numerous deep sea ports and rail lines – 3 major mining operations in production China and Portugal • Very close business relationship. In 1999, Portugal returned Macau to China • China’s Three Gorges Corp owns 21% of Portugal's National Energy Company • “Golden Visa Program” that allows easy immigration for Chinese nationals into Portugal 8

Blackheath’s Tungsten Projects • Excellent infrastructure in northern Portugal Covas • Covas permit is 1,949 hectares, with historic resources and a simple option • Blackheath earns up to 85% interest in Covas JV through work expenditures only (75% earned to date) Borralha, Bejanca, Vale das Gatas • Blackheath earns 100% interest in these past-producing projects through work expenditures, plus cash of € 125,000 and payment on production of € 1 million 9

Blackheath’s Tungsten Projects Blackheath controls 4 of the top 7 largest past producing tungsten mines 10

Covas Tungsten Project • Past underground and open pit production of 366,000 tonnes at 0.61% WO 3 between 1951 and 1974 • Exploration and drilling by Union Carbide and others 1974 to 1980; including diamond drilling with a total of 329 drill holes. To date BHR has conducted a further 52 drill holes • Experimental Mining licence issued August 20, 2013, valid for 3 years and extendable for a further 2 years • NI 43-101 Resource Report (Highest Grade Open-pit Tungsten Project in Europe) • Mineralization remains open in multiple directions including high- grade potential areas that will be tested during the next drill campaign focussing on resource growth and grade increase • Environmental assessment, internal scoping studies and metallurgical testing underway 11