ALARA RESOURCES LIMITED — AGM Information 2012

Nov 29, 2012

Alara Resources Limited Telephone | +61 8 9214 9787 ABN 27 122 892 719 Facsimile | +61 8 9322 1515 Level 14, The Forrest Centre Web | www.alararesources.com 221 St Georges Terrace E-mail | info@alararesources.com Perth WA 6000 Australia

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ASX/MEDIA RELEASE

30 November 2012

Presentation at 2012 AGM

Perth: Australian-based minerals exploration and development company Alara Resources Limited (ASX: AUQ) ( Alara ) is pleased to attach a copy of a presentation to be delivered at the Company’s 2012 Annual General Meeting.

– ENDS –

For further information, please contact:

Shanker Madan Managing Director T | +61 8 9214 9787 E | smadan@alararesources.com

About Alara Resources

Alara Resources Limited (ASX: AUQ) is an Australian-based minerals exploration and development company with a diverse portfolio of projects in Saudi Arabia, Oman, Chile, and Australia.

With a strong pipeline of advanced and early stage projects, Alara is moving towards establishing itself as an emerging base and precious metals development company.

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Alara Resources Limited

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2012 Annual General Meeting 30 November 2012

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ASX: AUQ

www.alararesources.com www.alararesources.com

Project Locations

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Khnaiguiyah (50%) Washihi (75% EARN IN) Daris (50%)
Zinc-Copper, Saudi Arabia Copper-Gold, Oman Copper-Gold, Oman
Khnaiguiyah & Washihi, Daris &
Marjan Projects Awtad Projects
(Saudi Arabia) (Oman)
Piedrecillas Project
(Chile)
Perth
Alara Resources Limited
(ASX:AUQ) is an Australian based mineral exploration and development company with a diverse portfolio
of projects in Saudi Arabia, Oman, and Chile.
With a strong pipeline of advanced and early stage projects, Alara is establishing itself as a Base and
Precious Metals exploration and development company.
Marjan (50%) Awtad (70% EARN IN) Piedrecillas (50-100% EARN IN)
Zinc-Gold-Silver, Saudi Arabia Copper-Gold, Oman Copper-Silver, Chile
© Alara Resources Limited www.alararesources.com 2
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Alara offers attractive base metal exposure

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Khnaiguiyah Zinc Copper Project (50%)

• Draft DFS report received. Review and update to 2mtpa is in progress

• DFS completion expected in Q4 2012

• 80,000tpa zinc production targeted to commence into forecast strongly rising zinc prices

• Saudi Arabia offers significant investment and operational benefits

Oman (+50 – 75%)

• Initial JORC Resource[1] at Washihi Project:

• 6.9Mt Inferred @ 0.76% Cu and 0.16g/t Au

• 2.1Mt Indicated @ 0.70%Cu and 0.17g/t Au

• Geophysics indicates open mineralisation

• +5,000m drilling completed, additional 2,000m drilling in progress

• Scoping study completed for a 500,000tpa throughput mining and beneficiation operation at Washihi

Alara has an experienced management team capable of bringing these projects into production.

• 1 Refer to ASX market announcement dated 15 October 2012: Initial JORC Resource - Washihi Project in Oman

© Alara Resources Limited

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Company Profile

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	Directors				Stock
					ASX Code			AUQ
		•	40+ years mining experience		Market Cap		(29 November 2012)	$47.2M
	Ian Williams AO	•	Hamersley Iron, Rio Tinto, Century Zinc & Pasminco		Issued Capital
	Chairman	•	Awarded Order of Australia for services to Indigenous			-	Shares	242M
			communities
						-	Options	40.85M
					Cash (30 September 2012)			$6.4M
	Shanker Madan	•	35+ years mining industry experience		Top Shareholders
	Managing Director	•	BHP, Rio Tinto & Hamersley Iron		Antares	Equities		10.1%
					Northcape			9.0%
					Acorn			8.7%
					Kinetic			7.4%
		•	42+ years mining industry and capital markets advisory		Colonial			6.5%
	Doug Stewart	•	experience Territory Iron, Teck Corporation, NM Rothschild and		Contango			5.8%
			Sons, Australia
		•	20+ years experience in senior management and
	William Johnson		executive roles in public companies in Australia, New
			Zealand and South East Asia

© Alara Resources Limited www.alararesources.com

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Management Team

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Management Team

• Shanker Madan • 35+ years mining industry experience with BHP, Rio Tinto & Hamersley Iron. Managing Director

• 35+ years in mining, metals and heavy industrial engineering project management and EPCM.

• Maxwell Hobson Previous experience with FMG, Alcoa, Rio Tinto, Strike Resources and past principal of Aurecon

• General Manager, Projects Consulting Group.

• Ganesh Krishnamurthy • 20+ years, with 4 years in exploration and development in Oman, 8 years with Rio Tinto Iron in General Manager, Exploration Australia.

• 15+ years experience in mining, oil & gas and industrial construction. Project roles include project

• Jason Williams engineering, costs, contracts development & management. International experience includes 5 years

• Project Engineer with The Industrial Company (TIC) in the USA on varied industrial construction projects.

• AV Sthapak Exploration Manager (Oman)

• 20+ years exploration and feasibility experience in Oman and Australia. Discoverer of the Year award, Rio Tinto 2010.

• Ravi Sharma 20+ years exploration and mining. Previously Chief Geologist with Barrick at 350,000oz/year Resources Consultant (Saudi Arabia) Bulyanhulu gold mine, Tanzania.

• Specialist metallurgist with 35+ years in metallurgical operations in senior roles, feasibility studies,

• Mike Efthymiou metallurgical optimisation/development studies with OK Tedi Mining, BHP Billiton Olympic Dam Metallurgical Consultant (Saudi Arabia) Operations, Freeport MacMoran Grasberg Operations Indonesia, Mount Isa Mines Operations, Zambia Copper Belt.

© Alara Resources Limited

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Saudi Arabia – Khnaiguiyah Project (50%)

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Joint Venture Partner – Manajem (50%)

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Management Team

Company Profile

Engr. Mohamad Abdalah Al Hatlani Founder/Board Member Chairman Senior Consultant

• Founder and Owner of: • Delta Consulting Group • Metals Corners Holding Co. • Naga Metals Co. • Nassaf Metals Co.

United Arabian Mining Company (Manajem) was established in June 2004 and is comprised of a group of successful engineers and businessmen with experience in the Industrial, Construction and Engineering fields.

Engr. Mohammad Hussain Al Assaf Board Member

• Founder and Owner of: • Andas Telecommunication Est. • Rick Trading Est. • Indipco Ductile Pipes Co.

Mr. Nassir Ali Al Agel Board Member Executive Director Finance & Administration

• Founder and Owner of: • Metals Corners Holding Co. • Naga Metals Co. • Nassaf Metals Co.

Engr. AbdulRahman Abdalah Al Hatlani Partner: Founder/Board Member • Delta Consulting Group Consultant

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Timetable

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2011 2012 2013 2014
 Finalise formal JV agreements 
 Mining Licence granted to project 
 Establish office in Riyadh 
 Obtain Environmental permit 
 DFS completion, including Zone 1 modelling D Draft received, revision in progress
 [Drill, assay, density validation, metallurgical sample ] 
and Geotech holes
Complete definitive test work on representative
samples from new core holes in Mineralised Zones 2
 
and 3 (includes regrind and floatation to improve
recoveries)
 [Upgrade non-JORC Code compliant estimation to ] 
JORC standard
 Mine design, optimisation and scheduling studies
 Make changes to plant design as necessary 
 Secure water land for the project 
 Financing
 Design & construction
 Commissioning & production Q3 2014
Transfer to Joint Venture in progress Commenced  Completed D Draft
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
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DFS Status

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• Draft DFS report received and update to 2mtpa in progress

• Plant and equipment costs will be based on Tenders for Design and Construction as issued in October 2012

• Mine schedule is being optimised to include Zone 1

• Costing estimates will be based on responses to the above Tenders and updated infrastructure costs from the 1.5mtpa study

• Operating costs will be updated from the 1.5mtpa study received in July 2012

• The strategy to invite quotes based on tender documents for the 2Mtpa throughput is likely to deliver significant savings in CAPEX.

• OPEX estimates for mining now based on actual quotes from potential suppliers of mining equipment are significantly below those reflected in July draft DFS.

• Peer review of the draft DFS received in July recommended that Alara should consider campaigning copper and zinc mineralised material separately through the plant so as to improve recoveries and reduce reagent consumption. Adoption of this strategy required additional metallurgical test work to be performed. This work has now been completed and has confirmed both better recoveries and significantly lower reagent consumptions and therefore significantly lower operating costs.

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Attributes – Country & Historical Work

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Country

• Tax – 20% Corporate (nil personal tax rate)

• Royalties – nil

• SIDF – 75% debt available at sub-LIBOR rates with long 10 year tenure (Saudi Industrial Development Fund)

• Ownership – 100% permitted

• Profits & Capital – 100% repatriation. Nil import duties for CAPEX

• Tenure certainty – exploration to mining

• Roads – bitumen highway & road to mine gate

• Power – 33KVA power line to site

• Water – 15km to aquifer (low salinity)

• Fuel – <US$0.09/L (diesel)

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Geotech Drilling
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Historical Work – Khnaiguiyah Project[2]

• Drilling – 45,000m drilled via 345 holes

• Mining – 2 deep shafts sunk for bulk testing

• Metallurgy – testing by BRGM & independent consultants

Khnaiguiyah Exploration Base (on left)

• Feasibility studies – by independent consultants (incorporating pit design work & financial modelling)

• 2 Alara ASX market announcement dated 5 October 2010 and entitled “ Project Acquisition - Khnaiguiyah Zinc Copper Project in Saudi Arabia ” BRGM Geoscientists 1993, Khnaiguiyah Zinc- Copper deposit – pre-feasibility study – 1,2 and 3, Saudi Arabian Directorate General of Mineral Resources Technical Report BRGM TR 134, 651p, 209 figs, 171 tables, 78 appendices and 23 photo plates

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Updated JORC Resource

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Results from further drilling have led to a ~30% upgrade[3] in the JORC Measured and Indicated Zinc and Copper Resource at the Khnaiguiyah Project from the maiden JORC Resource[4]

• Three Domains – Domain 1 (zinc only), Domain 2 (zinc & copper) and Domain 3 (copper only)

• The current JORC Zinc, Zinc/Copper and Copper Resources at Khnaiguiyah on an individual Measured, Indicated and Inferred basis across the four zones and three domains are as follows:

Table 1: Khnaiguiyah JORC Measured and Indicated Zinc (Doman 1) and Zinc/Copper (Domain 2) Resource

JORC Resource	Domain	Mineralised Zone	Tonnes (Mt)	Zinc %	Copper %	Zn Cut-off (%)
Measured	1 and 2	1,2	9.65	3.37	0.16	1.5
		3	6.37	5.28	0.25	1.5
Indicated		1,2	3.12	4.45	0.3	1.5
		3	6.18	3.55	0.05	1.5
Measured and Indicated		1, 2 and 3	25.32	4.03	0.17	1.5

Table 2: Khnaiguiyah JORC Measured and Indicated Copper (Doman 3) Resource

JORC Resource	Domain	Mineralised Zone	Tonnes (Mt)	Copper %	Cu Cut-off (%)
Measured	3	1,2	4.7	0.72	0
		3	1.07	0.63	0
Indicated		1,2	1.59	0.54	0
		3	1.16	0.43	0
Measured and Indicated		1, 2 and 3	8.53	0.64	0

Table 3: Khnaiguiyah JORC Inferred Zinc (Doman 1) and Zinc/Copper (Domain 2) Resource

JORC Resource	Domain	Mineralised Zone	Tonnes (Mt)	Zinc %	Copper %	Zn Cut-off (%)
Inferred	1 and 2	4	4.32	2.9	0.03	1.5

• 3 Refer to ASX market announcement dated 12 October 2012: JORC Resource Upgrade for Khnaiguiyah Zinc-Copper Project 4 Refer to ASX market announcement dated 21 February 2012: Maiden JORC Resource – Khnaiguiyah Zinc Copper Project – Saudi Arabia

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Zinc Prices Forecast

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Targeting commencement of Zinc Production from Khnaiguiyah into a strongly rising market

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Achievements

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Rapid progress in <2 years!

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Khnaiguiyah site office
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• Projects secured – October 2010 (post successful Manajem negotiations)

• Mining licence – granted December 2010

• Environmental licence – granted June 2012

• JORC Resource – announced February 2012

• Team – established in Saudi Arabia & Perth head office

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Drilling for water at Khnaiguiyah
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• Drilling – ~36,961m drilled since February 2011 (315 holes), plus 45,000m drilled historically (345 holes)

• Mineralisation – extensions defined

• Sterilisation – drilling work completed

• Geotechnical work – completed with further work underway

• Water – water bore drilled & pump testing underway. Agreement reached to procure land for water

• Fauna & Flora – studies completed (16 reptile species, 17 bird species & 44 flora species identified)

• Metallurgy – completed. Coarse grind of P80 < 106μm, delivered 70-98% recoveries for Cu and 91-96% for Zn, at concentrate grades of around 25-30% for Cu and 50-58% for Zn. Recoveries may drop marginally below zinc grades of 4.5%. Moderate hardness (15.7kWh/t energy). Further work is being undertaken by ALS Ammtec to complete the 2Mtpa case

© Alara Resources Limited

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Resource – Outlook

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•
Zone 1 •
Zone 2
•
•
Zone 3
•
Zone 4
•
•
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Further upgrades ahead

Drilling cut-off (for resource) – September 2011

Data cut-off (for resource) – November 2011

Metres drilled since cut-off dates – +20,000m in Zones 1, 2 & 3

Zone 1 – Mineralisation drilled on 50x50m grid. Shallow with low strip ratio. Extends for 600m long, generally 300m wide, average 8-10m thick and open to the north and south

Zone 2 – extended a further 400m NE since resource announced on 21 February 2012 was calculated

Zone 3 – open to the south

Zone 4 – drilled by BRGM and awaits drilling so as to upgrade former data

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Zones 1 & 2 – Upgrades Ahead

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Zone 1 Zone 2 already extended 400m NE

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Resource Open
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Drilling Highlights:

Hole K1DD12_221 from 24–30.8m: 6.8m at 6.02% Zn; 0.49% Cu Hole K1DD12_222 from 63–66m: 3m at 7.51% Zn; 0.95% Cu Hole K1DD12_245 from 25.45–34m: 8.55m at 10.91% Zn; 0.19% Cu including 25.45–28m: 2.55m at 21.80% Zn; 0.34% Cu and 42–47.1m: 5.1m at 10.97% Zn; 0.21% Cu including 45–46m: 1m at 31.56% Zn; 0.70% Cu

Drilling Highlights:

Hole K2DD12_233 from 80.8–86m: 5.2m at 7.15% Zn; 0.14% Cu Hole K2DD12_237 from 157–162m: 5m at 8.40% Zn; 0.38% Cu Hole K2DD12_239 from 177–188m: 11m at 6.42% Zn; 0.12% Cu Hole K2DD12_240 from 91–101m: 10m at 10.90% Zn; 0.31% Cu Hole K2DD12_255 from 32-41m: 9m at 7.7% Zn; 0.3% Cu Hole K2DD12_258 from 59.4-69m: 9.6m at 7.1% Zn; 0.1% Cu Hole K2DD12_237 from 164–168m: 4m at 1.09% Cu Hole K2DD12_238 from 193.4–203m: 9.6m at 1.47% Cu * Copper-rich zone

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Zones 3 & 4 – Upgrades Ahead

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Zone 3 open to the south Zone 4 remains undrilled by JV Co.

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Drilling Highlights:

Hole K3DD11_037 from 78–82m: 4m at 11.02% Zn; 0.07% Cu Hole K3DD11_044 from 187–209.1m: 22.1m at 6.87% Zn; 0.14% Cu and 214–221m: 7m at 6.69% Zn; 0.65% Cu Hole K3DD11_052 from 20–31m: 11m at 5.62% Zn; 0.22% Cu

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Mineralisation – Zone 2

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Mineralisation in Zone 2 is flat lying and shallow, deepening to the east

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S11 Drill hole intersections:
Section 11
KZ2_311: 8m @ 4.6% Zn, 0.5% Cu
KZ2_351: 8m @ 7.5% Zn, 0.3% Cu
KZ2_312: 18m @ 7.2% Zn, 0.1% Cu
KZ2_313: 17m @ 18% Zn, 0.3% Cu
KZ2_314: 18m @ 6.5% Zn, 0.25% Cu
KZ2_315: 24m @ 5.5.% Zn, 0.2% Cu
Copper grade Mineralised zone
Section 11
Zinc grade Hanging wall / footwall
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© Alara Resources Limited

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Mineralisation – Zone 3

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Mineralisation is thick, high grade, open and has good continuity Mineralised Zone 3 is thicker and close to the surface on the east limb but generally Copper rich and towards the west

S7 Drill hole intersections:

K97_136: 4m @ 3.58% Zn, 0.27% Cu Section 7 3m @ 3.93% Zn, 0.19% Cu 10m @ 3.06% Zn, 0.05% Cu K97_197: 2m @ 3.1% Zn, 0.02% Cu K97_198: 5m @ 3.99% Zn, 0.21% Cu K97_199: 2m @ 4.56% Zn, 0.36% Cu 2m @ 7.89% Zn, 0.09% Cu K97_200: 2m @ 3.6% Zn, 0.17% Cu 7m @ 0.5% Zn, 3.5% Cu K97_135: 5m @ 5.91% Zn, 0.18% Cu 17m @ 23.8% Zn, 0.71% Cu K97_201: 3m @ 6.39% Zn, 0.09% Cu 25m@ 18.68% Zn, 0.54% Cu K97_277: 25m @ 3.07% Zn, 1.1% Cu K97_235: 16m @ 2.52% Zn, 0.41% Cu KHNC_49: 7m @ 3.95% Zn, 0.2% Cu K97_202: 2m @ 10.58% Zn, 0.01% Cu 2m @ 4.43% Zn, 0.02% Cu 29m @4.59% Zn, 0.03% Cu KHNC_64: 3.5m@ 10.95% Zn, 0.32% Cu Copper grade 11.2m @ 5.66% Zn, 0.21% Cu Zinc grade KN_3: 6.97m @ 4.51% Zn, 0.18% Cu Mineralised zone 4m @ 1.37% Zn, 1.1% Cu Section 8 6.75m @ 5.13% Zn, 0.24%Cu Hanging wall / footwall 9.2m@ 0.3% Zn, 1.73% Cu

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Mineralisation – Zone 3 (cont’d)

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S14 Drill hole intersections: Section 14 K97_263: 23m @ 4.4% Zn, 0.08% Cu KHNC_76: 8.31m @ 13.5% Zn, 0.37% Cu K97_151: 16.78m @ 6.18% Zn, 0.31% Cu KHNC_77: 61.7m @ 9.07% Zn, 1.22% Cu 2.6m @ 5.14% Zn, 0.05% Cu K97_130: 4m @ 3.67% Zn, 0.3% Cu K97_110: 9m @ 3.1% Zn, 0.14% Cu 12m @0.06% Zn, 1.89% Cu K97_117: 4m @ 4.07% Zn, 0.04% Cu 3m @ 0.06% Zn, 0.61% Cu K97_101: 64.55m @ 9.39% Zn, 0.2% Cu Copper grade Zinc grade Mineralised zone Section 15 Hanging wall / footwall

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3D Model – Zone 2

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Zone 2 – Flat & shallow. Zinc mineralisation overlays copper mineralisation

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3D Model – Zone 3

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Structurally thick & continuous mineralisation (2% Zn cut-off envelope shown below)

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2% Zinc
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Plant Flow Sheet

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Oman – Copper Gold (+50-75%)

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The Oman Copper Gold Projects are located in a region with several examples of VMS Copper Deposits in the Ophiolites and close to a nearby Copper Smelter

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Oman (cont’d)

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Alara is targeting discovery and development of Copper-Gold in Oman

Highlights:

• Drilling – +8,000m completed

• Initial JORC Resource[6] at Washihi Project:

• 6.9Mt Inferred @ 0.76% Cu and 0.16g/t Au

• 2.1Mt Indicated @ 0.70%Cu and 0.17g/t Au

• Completed scoping study for a 500,000tpa throughput mining and beneficiation at Washihi

• Geophysics – indicates several targets and open mineralisation

• Block 7 – VTEM & IP completed (over 3 main targets). RAB drilling completed

• Block 8 – VTEM, IP & RAB drilling completed. 1.5km gossan discovered

Daris drilling intersections:

• DERO006 – 23.0m @ 1.2% copper as copper oxide from 7.0m (from 17.0m)

• D3DC001 – 18.7m @ 3.8g/t gold (from 19.0m)

• D3DC002 – 17.9m @ 2.6g/t gold (from 28.4m)

• D3DC003 – 17.2m @ 8.1% copper, as copper sulphides and 2.7g/t gold (from 51.5m)

• D3DC002 – 11.9m @ 5.7% copper, as copper sulphides (from 34.4m)

• • DERO004 – 8.0m @ 1.3% copper as copper oxide (from 28m) & 8m @ 2.9g/t gold (from 1.0m)

• DEDC005 – 7.3m @ 4.1% copper as copper sulphides (from 50.0m)

• • D3DC001 – 6.1m @ 5.8% copper, as copper sulphides (from 31.6m) • DEDC006 – 4.4m @ 2.0% copper as copper sulphides (from 51.6m) • DERO009 – 4.0m @ 5.3% copper as copper sulphides and 0.4g/t gold (from 34.0m)

• D3DC002 – 3.5m @ 10.3% copper, as copper sulphides (from 50.6m)

• • D3DC002 – 3.5m @ 3.1g/t gold (from 50.6m)

• DEDC007 – 2.9m @ 4.6% copper as copper sulphides (from 30.7m)

JORC Resource: Daris-East Prospect

Ore type	Cut-off grade Cu%	Measured	Measured	Indicated	Indicated	Measured and Indicated	Measured and Indicated	Inferred	Inferred
		Tonnes	Cu%	Tonnes	Cu%	Tonnes	Cu%	Tonnes	Cu%
Sulphides	0.5	129,155	2.48	110,870	2.24	240,024	2.37	30,566	2.25
Oxides	0.5	96,526	0.77	86,839	0.66	183,365	0.72	1,712	0.61

6 Refer to ASX market announcement dated 15 October 2012: Initial JORC Resource - Washihi Project in Oman

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Oman – Washihi Drill Hole Plan

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Drill hole locations at the Washihi Copper Gold Prospect

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Result highlights from nine drilling holes totalling 1,615m include:

• Hole WH12DD005 72m @ 1.3% Cu, 0.15g/t Au

• Hole WH12DD007 18m @ 1.4% Cu, 0.21g/t Au

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Oman – Washihi Drill Hole Locations

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Oman – Washihi Cross Section (250N)

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Oman – Washihi Mineralisation Targets

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Chile – Piedrecillas Project (earning 50-100%)

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• No drilling has yet been performed in the project area however historical sampling taken in outcroppings both at surface and from small underground mining works show grades between 0.30% Cu to 3.30% Cu with up to 77g/t Ag, 0.15g/t Au and 0.001% Mo

• The project area has good access to key project infrastructure requirements including water, power, roads, ports and favourably located close to towns and cities.

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Summary

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Khnaiguiyah Zinc Copper Project (50%)

• Khnaiguiyah Zinc-Copper DFS on track for completion in December 2012 quarter

• Recent Resource expansion of 30%

• Production from Khnaiguiyah expected to commence into a strengthening zinc market

Oman (+50 – 75%)

• Scoping Study from Oman confirms potential for small scale, low cost copper-gold production

Chile (Piedrecillas 50 – 100%)

• Ground reconnaissance completed

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JORC Code Competent Person Statements

The information in this presentation that relates to Zinc and Copper Mineral Resources within Mineralised Zones 1, 2 and 4 in relation to the Khnaiguiyah Project (Saudi Arabia) is based on information compiled by Mr Ravindra Sharma, who is a Chartered Professional Member of The Australasian Institute of Mining and Metallurgy and Registered Member of The Society for Mining, Metallurgy and Exploration. Mr Sharma is a principal consultant to Alara Resources Limited. Mr Sharma has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity they are undertaking to qualify as Competent Persons in terms of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code, 2004 edition). Mr Sharma consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears.

The information in this presentation that relates to Zinc and Copper Mineral Resources within Mineralised Zone 3 in relation to the Khnaiguiyah Project (Saudi Arabia) is based on information compiled by Mr Daniel Guibal, an employee of SRK Consulting (Australasia) Pty Ltd, who is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr Guibal has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity they are undertaking to qualify as Competent Persons in terms of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code, 2004 edition). Mr Guibal consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears.

The information in this presentation that relates to Mineral Resources in relation to the Daris Project (Oman) and the Washihi prospect (Oman) is based on information compiled by Mr. Ravindra Sharma, who is a Chartered Professional Member of The Australasian Institute of Mining and Metallurgy and Registered Member of The Society for Mining, Metallurgy and Exploration. Mr. Sharma is a principal consultant to Alara Resources Limited. Mr. Sharma has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity they are undertaking to qualify as Competent Persons in terms of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code, 2004 edition). Mr. Sharma has given his consent to the inclusion in the presentation of the matters based on his information in the form and context in which it appears.

The information in this presentation that relates to other Exploration Results is based on information compiled by Mr Hem Shanker Madan who is a Member of The Australian Institute of Mining and Metallurgy. Mr Madan is the Managing Director of Alara Resources Limited. Mr Madan has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking, to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Mineral Resources and Ore Reserves (the JORC Code).” Mr Madan consents to the inclusion in this presentation of the matters based on his information in the form and context in which it appears.

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Alara Resources Limited

ABN: 27 122 892 719

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ASX Code: AUQ

Level 14, The Forrest Centre 221 St Georges Terrace Perth, Western Australia 6000

Telephone: +61 8 9214 9787 Facsimile: +61 8 9322 1515 info@alararesources.com www.alararesources.com

DISCLAIMER

This presentation contains certain forecasts and forward-looking information including possible or assumed future performance, costs, production levels or rates, prices, reserves and resources or potential growth of Alara Resources Limited, industry growth or other trend projections. Such forecasts and information are not a guarantee of future performance and involve unknown risks and uncertainties, as well as other factors, many of which are beyond the control of Alara Resources Limited. Actual results and developments may differ materially from those expressed or implied by these forwardlooking statements depending on a variety of factors. Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities.

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