ASARA RESOURCES LIMITED — AGM Information 2009

Nov 17, 2009

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18 November 2009

Ms E Harris Australian Securities Exchange Limited 2 The Esplanade PERTH WA 6000

By email: elizabeth.harris@asx.com.au

Dear Elizabeth

ANNUAL GENERAL MEETING PRESENTATION

Please find attached the Company’s presentation to be delivered at the Annual General Meeting on Monday, 23 November 2009.

Yours faithfully

GOLDEN RIM RESOURCES LTD

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HAYLEY BUTCHER Assistant Company Secretary

Golden Rim Resources Ltd I ABN 39 006 710 774 I Level 2, 10 Outram Street, West Perth WA 6872, Australia I T + 61 8 9481 5758 I F + 61 8 9481 5759

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Golden Rim Resources

Investor Presentation November 2009 www.goldenrim.com.au

Disclaimer & Competent Person Statement

This presentation has been prepared by Golden Rim Resources Limited (ABN 39 006 710 774) (“Golden Rim”) based on information available to it. 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 Golden Rim, its related bodies corporate, its or their directors, employees or agents, adv sers, nor any oti her person accepts any liability for any loss ar s ngi i from the use of or reliance on this presentat on or anyti hing conta nei d in, om ttei d from or otherwise arising in connection with it, including, without limitation, any liability arising from fault or negligence on the part of Golden Rim, its related bodies corporate or its or their directors, employees or agents.

The distribution of this document in jurisdictions outside Australia may be restricted by law and you should observe any such restrictions.

This presentat oni is not an offer, inv tat on, soi i lic tat on or recommeni i dat on toi invest in Golden Rim and ne ti her this document nor anything in it shall form the basis of any contract or commitment. The information in this presentation does not take into account the investment objectives, financial situation and particular needs of investors and does not constitute investment, legal, tax or other advice. Before making an investment in Golden Rim an investor should consider whether such an investment is appropriate to their particular investment objectives , financial situation and particular needs and consult a financial adviser if necessary. This presentation does not purport to constitute all of the information that a potential investor may require in making an investment decision. Investments are subject to investment risk, including possible delays in repayment and loss of income or principal invested. Golden Rim does not guarantee the performance of the investment referred to in this presentation, the repayment of any capital invested or any particular rate of return.

Any securities described in this presentation may not be offered or sold in the United States absent registration under the US Securities Act 1933 or exemption from registration. Neither this document nor any copy thereof may be taken or transmitted in the United States or distributed, directly or indirectly, in the United States or to any US person including (1) any US resident, (2) any partnership or corporation or other entity organised or incorporated under the laws of the United States or any state thereof, (3) any trust of which any trustee is a US person, or (4) any agency or branch of a foreign entity located in the United States.

Nothing in this presentation is a prom se or represeni tation as to the future. Statements or assumptions in this presentation as to future matters may prove to be incorrect and differences may be material. Golden Rim does not make any representation or warranty as to the accuracy of such statements or assumptions.

You acknowledge that circumstances may change and the contents of this presentation may become outdated as a result. Golden Rim accepts no obligation to correct or update the information or opinions in this presentation. Opinions expressed are subject to change without notice.

By accepting this document, you agree to be bound by the above limitations.

The information in this report, insofar as it relates to exploration results and mineral resources is based on information compiled by Mr Craig Mackay. Mr Mackay is a member of the Australasian Institute of Mining and Metallurgy and 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 Exploration Results, Mineral Resources and Ore Reserves. Mr Mackay is employed by Earth Sciences Solutions Pty Ltd and consults to the Company. This report accurately reflects the information compiled by Mr Mackay and Mr Mackay consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Executive Summary (GMR)

• Market capitalization ‐ A$7M to > A$40M in past 12 months

• • GMR as th hree gold projects in West Africa Ma( li)

• 162,000 oz * of gold confirmed at Sepola & scope for significant resource expansion

• Major drilling program to commence shortly at Sepola

• Royal Group (Abu Dhabi) is a cornerstone investor in GMR (13.94%)

• Royal Group and GMR have alliance company, Royal Falcon Mining LLC ( RFM ), established in Abu Dhabi

• RFM has secured first major projects in Sweden (Falun & Bersbo)

• Drilling underway at Falun and first holes have intercepted very high grade gold mineralisation: 11.6m @ 61.2 g/t gold, 1.2% .

• copper and 0 09% bismuth

• Major gold project acquisition activity to continue

(* see Appendix 1)

Current Capital Structure

• ASX C ode – GMR

• Issued Capital

• Ordinary Shares – 225M

• Unlisted Options – 33.2M

• Share Price – 17.5 cents (10/11/09)

• Major Shareholders

• Market Capitalization (undiluted) – A$40 M

• Royal Group – 13.94%

• Rick Crabb – 8.06%

• Cash – A$1.5 M

Management Team

• BOARD

• Rick Crabb (Chairman): Lawyer

• Craig Mackay (Managing Director): Geologist

• Gilbert Rodgers ( Exec. Director / Com p an y Secretar y) : Accountant

• Glenister Lamont (Director): Mining Engineer

• SENIOR MANAGEMENT

• Peter Olubas (Exploration Manager): Geologist

• Andrew Habets (Manager ‐ New Business Development): Geologist

Golden Rim Interests

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Mali Gold Projects (West Africa)

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Sepola Gold Project (Mali)

• Near several major multi‐million ounce gold deposits

• Prospective Birimian rocks with extensive artisinal workings

• Existing Inferred Resource of 3.3 Mt @ 1.5 g/t gold for 162,000 oz*

• Selected drill intercepts include: 24 m @ 4.17 g/t gold; 16 m @ 4.49 g/t gold; 7 m @ 16.03 g/t gold; 18 m @ 8.19 g/t gold; 6 m @ 20.87 g/t gold (in end of hole) • Mineralization is much more widespread than expected • New aeromagnetic survey s provi iding more arget ts • Excellent potential for resource expansion & for high grade ore (up to 1205 g/t gold in rock chips)**

• Drilling about to recommence

• to area

• Seeking expand project

(*see Appendix 1; ** some of the better gold intercepts from over 360 holes drilled at Sepola to date)

Sepola Gold Project (Mali)

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Sepola Gold Project (Mali)

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Sepola Drilling

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Farada Gold Project (Mali)

• Area of little previous exploration

• rocks with laterite cover

• Prospective Birimian

• Major regional arsenic soil anomaly extends for 8 km in Farada

• Inferred Resource of 5,560,000 tonnes at 3.02 g/t gold (540,933 ounces)* located beneath same arsenic anomaly in adjoining licence

• No drilling to date beneath arsenic anomaly in Farada

• to confirm of

• Aeromagnetic survey underway position structures controlling mineralisation

• Drilling planned for early in 2010

(* National Instrument 43‐101 compliant Inferred Resource of 5,560,000 tonnes at 3.02 g/t gold for 540,933 ounces announced by TSX listed company, African Gold Group, at their Kobada prospect)

Farada Gold Project (Mali)

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Royal Group Alliance

• Strategic alliance with Royal Group cemented with registration of l Fal RFM in Abu Dhabi

• Roya con Mining LLC ( )

• • Owned by the Abu Dhabi Royal Family (the Chairman of Royal G i His Hi hness Sheikh T ahnoon bi Z d Al N ah roup s g n aye yan )

• • Royal Group is one of largest business and investment houses in UAE and is a of over 60 with over conglomerate companies,

• 10,000 employees, and operates in over 20 countries

• • Royal Group now a cornerstone investor in GMR (13.94%)

• • RFM has secured first major projects in Sweden

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Falun Copper ‐ Gold Mine (Sweden)

• Royal Falcon can earn 75%

• One of the world’s great copper ore‐bodies; mined for over 1300 years and supplied 2/3 of world’s copper for over 200 years

• Large volumes of copper and gold mineralisation remain

• Drilling underway ‐ 13 drill holes completed (1,963m); 7 holes remaining; assays received for 6 holes

• Very high grade gold and broad zones of gold, copper & bismuth mineralisation already intercepted e.g. 11.6m @ 61.2 g/t gold, 1.2% copper and 0.09% bismuth; including 0.75m @ 887 g/t gold, 5.92% copper and 0.7% bismuth

• Potential for “world‐class” underground development opportunity

Falun Copper ‐ Gold Mine weden (S )

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Falun Drilling Progress

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Falun Copper, Gold & B smuti h O re

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Falun Drill Hole Intercepts

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Bersbo Copper Mine (Sweden)

• 2[nd] historic largest copper

• mine in district

• Mined for 900 closed years,

• 1902

• 35km of strike to be explored

• Little modern exploration

• Strong VTEM anomalies

• Drilling required

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In Conclusion

• GMR has two advanced gold projects (in Mali & Sweden)

• Major drilling programs will continue on both

• and are

• Significant drilling intercepts resource upgrades expected

• The old resources in Mali ma offer a low ca ital and earl cash g y p y

• flow opportunity through toll treating

• Additional advanced gold resource projects are actively being sought in West Africa

• The gold‐copper project in Sweden has the potential to be a “world class” development opportunity

• GMR has an excellent cornerstone investor, partner and fi nanc er n oya roup n i i R l G i Ab u Dh a bi

Expected News Flow

November 2009

• Re‐commencement of drilling at Sepola (Mali)

• Drillin g results for Falun ( Sweden )

December 2009

• Commencement of IP geophysical survey at Sepola (Mali)

• Drilling results for Falun (Sweden)

• Drilling results for Sepola (Mali)

• January 2009

• Drilling results & resource update for Sepola (Mali)

• Drilling results for Falun (Sweden)

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Appendix 1: Sepola Gold Resources (Mali)

JORC Compliant Inferred Gold Resources Mogoyafara South Prospect 3 , 052 , 000 tonnes @ . 1 48 g/t gold (146 , 000 u o nces)

Linnguekoto Prospect

293,000 tonnes @ 1.70 g/t gold (16,000 ounces)

Total

3,345,000 tonnes @ 1.5 g/t gold (162,000 ounces)

Cut off grade: 0.5 g/t gold Minimum down hole intercept width: 3 m Maximum internal dilution width: 3 m Upper cut: 14 g/t gold