CULLEN RESOURCES LIMITED — AGM Information 2012

Nov 26, 2012

AGM NOVEMBER, 27 2012

IMPORTANT NOTICE

This presentation has been prepared by Cullen Resources Limited ACN 006 045 790 (Cullen) for general information purposes only. The presentation is not and should not be considered as an offer or invitation to subscribe for or purchase any securities in Cullen, or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in Cullen will be entered into on the basis of this presentation.

This presentation may contain certain forward-looking statements which have not been based solely on historical facts but rather on Cullen's current expectations about future events and on a number of assumptions which are subject to significant uncertainties and contingencies many of which are outside the control on Cullen and its directors, officers and advisers. Due care and attention has been taken in the preparation of this presentation. However, the information contained in this presentation (other than as specifically stated) has not been independently verified for Cullen or its directors and officers, nor has it been audited. Accordingly, the company does not warrant or represent that the information contained in this presentation is accurate or complete. To the fullest extent permitted by law, no liability, however arising, will be accepted by Cullen or its directors, officers or advisers, for the fairness, accuracy or completeness of the information contained in the presentation.

• Feasibility Study for the mining of the Catho Well deposit issued by the Manager – planned development of an infrastructure rail and port solution for West Pilbara Iron Ore Project by API
• Copper gold prospects (EM anomalies)

defined , some tested: Tuckabianna, Murchison, W.A.

Gold and nickel targets prioritised – Mt Eureka greenstone belt , W.A.

Tungsten project advanced with diamond drilling and mapping – N.S.W.

API seeking to develop Anketell Port.

RFC Ambrian appointed by Cullen for possible transaction on Cullen's asset.

North Tuckabianna, Murchison, WA

• Proven region for gold
• Proven mineralised structure for gold - (Tuckabianna Shear Zone)
• Prospective for base metal, VMS deposits
• Previous exploration mostly shallow drilling
• Hollandaire Discovery by Silver Lake Resources Ltd (ASX:SLR) – 9.3 m @ 15.4% Cu, 2.0 g/t Au and 29.0 g/t Ag
• Cullen drilling program to target EM conductors near Hollandaire

North Tuckabianna - untested VTEM anomalies

Minter Tungsten Project, NSW

• Proven region for gold Yandal Belt to west, Duketon Belt to south east
• Strong aircore / RAB gold anomalies – Southern, Eureka NW, Taipan prospects indicate potential
• Multilayered dataset Previous exploration mostly shallow drilling (<80m)
• Drilling planned to test NE trending structures and aircore intersections

• Base metal sulphides discovered TL Property, British Columbia
• Approval of tenure: copper REE aeromagnetic targets – Namibia

Applications placed over several advanced graphite prospects (historical EM anomalies and drill results) – Finland

Significant Discovery in B.C. , Canada

"TL Property" Cullen earning 80%

Diamond drill core - TL Property "DDH04"

Summary of features - trench site drilling

CULLEN

2.25% Zn, 267ppm Cu

Copper and REE in Namibia - targeting KCB and Tsumeb - type pipes

Graphite and Gold prospects in Finland

CULLEN

Graphite prospects in Finland significant historic drill intersections

Clear path forward and focus.... for 2013

CULLEN

CONCLUSIONS

• Cullen controls significant assets, some of which have been drill tested in a first-pass over the past 6 months. Further drilling is required to establish the full potential of these exciting projects.
• High priority now given to the copper/base metals and gold targets in northern Namibia and North Eastern Goldfields, W.A., respectively, due to their potential.
• Some assets, e.g., graphite in Finland (presence of flake graphite and substantial drilling database), have the potential to be rapidly advanced.
• Other overseas assets, such as the TL base metals discovery, may be marketed to a Canadian producer for cash or a future cash flow via a royalty agreement.
• Cullen is at the cusp of advancing its exploration efforts on several fronts to a concluding stage . It offers the investor exposure to a number of exciting discovery opportunities and development scenarios.

The information in this report that relates to Exploration Results is based on information compiled by Dr Chris Ringrose, Managing Director, Cullen Resources Limited who is a Member of the Australasian Institute of Mining and Metallurgy. Dr Ringrose is a full time employee of Cullen Resources Limited. He has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration, and to the activity which has been undertaken, to qualify as a Competent Person as defined by the 2004 edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Dr Ringrose consents to the report being issued in the form and context in which it appears.

The information in this announcement, insofar as it relates to iron ore exploration activities for the Mt Stuart JV, is based on information compiled by Mr Stuart Tuckey who is a member of the Australasian Institute of Mining and Metallurgy, and who has more than five years experience in the field of activity being reported on. Mr. Tuckey is a full-time employee of API Management Pty Ltd. Mr. Tuckey 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 of Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr. Tuckey consents to the inclusion in the report of the above matters, based on their information in the form and context in which it appears.

The information in this announcement that relates to Mineral Resources has been supervised by Mr Stuart Tuckey and Mr Richard Gaze who are both Members of the Australasian Institute of Mining and Metallurgy. Mr. Tuckey is a full-time employee of Australian Premium Iron. Mr. Gaze is a full-time employee of Golder Associates Pty Ltd. Messrs.' Tuckey and Gaze have 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 Persons as defined in the 2004 Edition of the 'Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. Tuckey and Mr. Gaze consent to the inclusion in the report of the matters based on their information in the form and context in which it appears.

The information in this release that relates to Ore Reserves is based on information compiled by Mr. Steve Craig, Managing Director of ORElogy (Mining Consultants). Mr. Craig 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 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. Craig consents to the inclusion of the matters based on his information in the form and context in which it appears in this release.