CORE LITHIUM LTD — Investor Presentation 2011

Nov 2, 2011

Managing Director’s Presentation 2011 Annual General Meeting 3[rd] November 2011

Disclaimer

• This document has been prepared by Core Exploration Limited (“Core”, “Company”) and provided as a basic overview of the tenements held or controlled by the company. This presentation does not purport to be all-inclusive or to contain all the information that you or any other party may require to evaluate the prospects of the Company.

• None of the Company, any of its related bodies corporate or any of their representatives assume any responsibility for, or makes any representation or warranty, express or implied, with respect to the accuracy, reliability or completeness of the information contained in this document and none of those parties have or assume any obligation to provide any additional information or to update this document.

• To the fullest extent permitted by law, the Company, its related bodies corporate and their representatives expressly disclaim liability for any loss or damage arising in respect of your reliance on the information contained in this document (including your reliance on the accuracy, completeness or reliability of that information), or any errors in or omissions from this presentation, including any liability arising from negligence.

• The mineral tenements of the Company as described in this presentation are at various stages of exploration, and potential investors should understand that mineral exploration and development are high-risk undertakings.

• There can be no assurance that exploration of the Tenements, or any other tenements that may be acquired in the future, will result in the discovery of an economic ore deposit. Even if an apparently viable deposit is identified, there is no guarantee that it can be economically exploited.

• This document contains statements which may be in the nature of forward-looking statements. No representation or warranty is given, and nothing in this presentation or any other information made available by the Company or any other party should be relied upon as a promise or representation, as to the future condition of the respective businesses and operations of the Company.

Investment Overview

• Core Exploration offers a strategically acquired investment opportunity into one of the world’s leading copper and uranium mining provinces.

• Core’s large-scale gravity and magnetic drill targets on the Yorke Peninsula project are hosted in an analogous geological setting to Rex Minerals’ (ASX:RXM) Hillside Project on the adjacent tenement.

• Core’s first drill program on the Yorke Peninsula intersected elevated copper and high levels of silver.

• Active exploration underway on both the Yorke Peninsula and Fitton projects during November

• Other project areas are located in geological regions which host worldclass mining operations including Olympic Dam and the Beverley mines and Carrapateena (Oz Minerals) copper project in South Australia

• Core Exploration has an experienced team of Directors and Management to drive value growth

Capital Structure

• Shares on issue

41.5M

• Options (25c)

• Share Price

• 8.5M ~$0.09

• Market Cap (undiluted)

$3.8M

• Cash (30 Sep 2011)

• $3.8M

Undervalued assets with huge upside leveraged to copper exploration success

Experienced Board and Management

Core Exploration has experienced and proven Directors and Management to drive value growth.

Greg English (Chairman)

• Qualified Mining Engineer and lawyer

• Chairman of Archer Exploration (AXE)

Stephen Biggins (Managing Director)

• Qualified geologist & MBA

• Managed International Projects and JV Partners

• Previous MD Southern Gold (SAU) and Director of Southern Uranium (SNU)

Michael Schwarz (Exploration Director)

• Qualified geologist specialising in iron oxide copper-gold-uranium systems (IOCGU)

• Previous Managing Director of Monax Mining (MOX) and Director of Marmota Energy (MEU)

• Led Punt Hill discovery for MOX

Jarek Kopias (Company Secretary and CFO)

• Certified Practicing Accountant and Chartered Secretary with over 15 years resources industry experience

• Currently also CFO of Lincoln Minerals Limited (ASX:LML) and previous Company Secretary of Stuart Petroleum (ASX:STU).

Projects

Focus in world’s leading copper and uranium mining provinces in South Australia

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Yorke Peninsula Project - Copper

• Project covers 243km[2] in analogous geological setting to Rex Minerals’ (ASX:RXM) Hillside Project (Inferred and Indicated Resource of 217Mt at 0.7% copper and 0.2g/t gold)

• Core’s early exploration has identified large-scale gravity and magnetic drill targets

• First drill program completed and follow-up drilling to recommence in Jan 2012

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Yorke Peninsula Project – staged exploration program proceeding to plan

• Jan 2011 Airborne Magnetics

• Apr 2011 Regional Gravity surveys

• Aug 2011

• 1[st] Drill program (AC)

• Nov 2011 Airborne Electromagnetics

• Q1 2012

• 2[nd] Drill program (RC)

• Q2 2012 Prospect Scale Geophysics

• Q3/Q4 2012 Further RC and DD Drilling

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Fitton Project – Copper/Uranium

• Mines and large deposits the region:

• Beverley Uranium Mine (Gen. Atomics)

• Four Mile 61 Mlbs @ 0.35% U3O8 (AGS)

• Mt Gee 68 Mlbs @ 0.06% U3O8(MTN)

• Covers “Radium Creek“ uranium rich rocks

• Both primary and secondary mineralisation potential

• Proven world-class uranium mining district

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Fitton Project Outstanding early results

• First reconnaissance mapping by Core identified >600m long shear zone in granite

• 10.5% copper and

• 624ppm uranium in first outcrop samples

• Next round of surveys will commence soon

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• Expect results by the end of November

10

Roxby Downs Project - Copper

• Two tenements covering over 500km[2 ] in the core of the Olympic Dam / Carrapateena IOCGU Zone

• Project located 35km south of Olympic Dam

• Expecting grant of ELAs outside of WPA soon to enable exploration to commence

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Forward Exploration Program

• PACE funded Airborne EM survey to start later this month on Yorke Peninsula

• Results from Fitton sampling by end of this month

• Active exploration programs underway on Yorke Peninsula and Fitton projects with next round of drilling commencing in January

Project Q4 2011 Q1 2012 Q2 2012 2H 2012 Yorke Peninsula Airborne EM RC Drilling Geophysics RC/DD Drilling Fitton Soils Geophysics RC Drilling RC/DD Drilling

Summary

• Active exploration for copper underway on Yorke Peninsula and Fitton Projects in S.A.

• Currently undervalued investment with huge upside

• leveraged to exploration success (only 41.5M shares)

• Well funded to execute strategy, deliver results and value

growth

The information in this report has been compiled by Stephen Biggins (BSc(Hons)Geol, MBA) as Managing Director of Core Exploration Ltd and who is a member of the Australasian Institute of Mining and Metallurgy and is bound by and follows the Institute’s codes and recommended practices. As a Competent Person, he has a minimum of 5 years relevant experience in the style of mineralisation and types of activities being reported and has given written consent to the above report in the form and context in which it appears.