ELEMENT 25 LIMITED — Investor Presentation 2016

May 9, 2016

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The Yamarna Project

A highly leveraged entry into an emerging gold province.

May 2016

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Disclaimer
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This presentation contains an overview of Montezuma Mining Company Ltd and its associated entities (Montezuma) and their respective activities and operations. The contents of this presentation, including matters relating to the geology of Montezuma’s projects, may rely on various assumptions and subjective interpretations which it is not possible to detail in this presentation and which have not been subject to any independent verification.

This presentation contains a number of forward-looking statements. Known and unknown risks and uncertainties, and factors outside of Montezuma’s control, may cause the actual results, performance and achievements of Montezuma to differ materially from those expressed or implied in this presentation.

To the maximum extent permitted by law, Montezuma does not warrant the accuracy, currency or completeness of the information in this presentation, nor the future performance of Montezuma, and will not be responsible for any loss or damage arising from the use of the information.

The information contained in this presentation is not a substitute for detailed investigation or analysis of any particular issue. Current and potential investors and shareholders should seek independent advice before making any investment decision in regard to Montezuma or its activities.

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n Board of Directors

• ¨ Seamus Cornelius

• ¨ Justin Brown

• ¨ John Ribbons

n Management

• ¨ Bradley Drabsch

n Market Data

Chairman

• ¨ Shares on Issue: 70.5M

• $0.20

• ¨ Share Price:

Executive Director

• $14.1M

• ¨ Market Cap:

Director

• ¨ Cash: ~$4.1M ¨ Investments: ~$3.6M ¨ Debt: Nil

Exploration Manager

• ¨ EV ~$6.4M

• ¨ Top 20 Shareholders: ~71%

Projects

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• § Targeted tenement acquisition ongoing in Western Australia.

• § Continued review of domestic and overseas acquisition targets to deliver quality exploration and near term production opportunities.

• § Currently holding tenements in the highly prospective Murchison, Gascoyne and Yamarna regions of Western Australia.

• § Potential new gold discovery at 100% owned Yamarna Project in the Yamarna Greenstone Belt.

• § Others:

• § 100% owned Butcherbird Manganese and Copper Project straddles the Great Northern Highway approximately 120km south of Newman.

• § Green Dam Ni-Cu-PGE sulphide prospect.

• § Residual iron ore royalty at Mt Padbury

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The Yamarna Greenstone Belt

• § The Yamarna Belt is geologically similar to the prolific Kalgoorlie Gold Belt but with limited exploration.

• § So far the belt has yielded in excess of six million .

• ounces of gold in resource[2]

• § Discoveries include the recently announced 6.2M oz discovery at Gruyere[1] by Gold Road Resources

• Ltd (“GOR”).

• § Montezuma’s ground is located along strike from Gruyere.

• § Demonstrated bedrock mineralisation up to 19.1 g/t and widespread regional basement anomalism.

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1Website reference http://www.goldroad.com.au/reports/GruyereMineralResourceUpdate-April2016-FINAL.pdf

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Next Door to a Giant
§ Tenure and target areas immediately
YAM 13
adjacent to GOR’s Yamarna Project.
GRUYERE
5.62Moz Au
§ Comparative Enterprise Values:
§ GOR ~$300M
DOROTHY HILLS WEST § MZM ~$7M
DOROTHY HILLS EAST
§ Proximity to GOR potentially lowers the
threshold for a commercial discovery.
YAM 14 DOROTHY HILLS SOUTH
§
E38/2999 Aggressive programme underway with
E38/2889
early success from maiden drilling
YAM 15 programmes
MONTEZUMA § Relatively low cost to test the potential
PRIORITY provides potential leverage for investors
TARGET AREA
who join the register early.
SINGLE SLICE
TENURE
MZM
GOR
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GRUYERE
6.2M oz Au [2]
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What drew us to the Area?

• § Regionally significant soil anomaly identified from historic soil sampling by Western Mining Corporation.

• § Anomalous area covered approximately 20 km[2] and contained two sub parallel linear anomalies over 5 km in strike length respectively.

• § No drilling had been recorded within the tenement before now.

• § Geochemical anomaly coincident with granite/greenstone contact.

• § Strong parallels to the recent gold discoveries by GOR (>6M oz Au[2] ).

2Website reference:

http://www.gol dr oad.com .au/reports/Gr uyereMi ner alR esourceU pdate- April2016-FIN AL.pdf

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Several Phases of Exploration Now Completed
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n Regional surface geochemical infill sampling – positive results.

n ~7,500m vertical aircore holes to blade refusal for testing for sub surface anomalism – multiple strongly anomalous corridors defined.

• n Scout RC drill traverses over selected areas – multiple ore grade intercepts (up to 19.1 g/t).

• n ~3,000m step out aircore drilling confirms high tenor (0.5 g/t Au) basement corridor >1km in strike at Jatz.

n Multiple regional targets in the pipeline

• n Next round of drilling is underway, results pending.

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Early Work: Mineralisation Confirmed Along Regional Trends
(selected mineralised intercepts shown)
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Note: all intercepts quoted as downhole widths

Focus on Jatz: Shows Potential for a Large Scale Gold System

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YAAC236 > 1 km long
14m @ 254 ppb Au
(BOH Basement) > 0.5 g/t Au
1m @ 1.1 g/t AuYAAC233 anomaly
confirmed
and open !
YAAC092
5m @ 277 ppb Au
(BOH Basement)
YARC016
YAAC095 4m @ 1.2 g/t Au
4m @ 573 ppb Au
YAAC232
9m @ 229 ppb Au
Inc. 4m @ 457 ppb YAAC251
Au 9m @ 1.6 g/t Au
Inc. 1m @ 12.5 g/t Au
Max Gold Downhole Contour – YARC001
YAAC084 7m @ 5.4 g/t Au
AC Geochem Drilling (ppb Au) 15m @ 396 ppb Au Incl. 2m @ 17.5 g/t Au
Inc. 1m @ 1.5 g/t Au
> 1000 (1 g/t)
(BOH Basement)
> 500 (0.5 g/t) YAAC213
9m @ 105 ppb Au
> 200 (0.2 g/t)
YAAC205
> 100 (0.1 g/t) 8m @ 132 ppb Au
NEW AIRCORE
INTERSECTION
PREVIOUS AC YAAC286
INTERSECTION 13m @ 773 ppb Au
Inc. 8m @ 1.2 g/t Au
(BOH Basement)
RC DRILLING
INTERSECTION
YAAC306
0 250 500m 1m @ 944 ppb Au
Note: all intercepts quoted as downhole widths (BOH Basement)
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The Big Picture: The Regional Greenstone Package at Jatz

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Expanded AC Drilling
To Extend Jatz and
Generate Targets
Regionally
RC DRILLING
INTERSECTION
0 250 500m
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Stepping Back: Multiple regional target areas in the pipeline

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JATZ PROSPECT
Multiple Ore Grade RC Drill
Intersections
SALADA TARGET
Granite Greenstone Contact CAPTAINS PROSPECT
Numerous Au Mineralised Aircore
Intersections
SAO TARGET
Bowtie Dilation Zone
Low-level surface geochemical
support
RITZ TARGET
Granite Greenstone Contact
Low-level surface geochemical
support
CRUSKIT PROSPECT
Numerous Au Mineralised Aircore
Intersections
0 1 2
km
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What’s Next?
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n 1) Early Q2/16 - Regional aircore blade refusal programme over 5km X 2km high prospectivity greenstone corridor.

¨ Heritage clearances

COMPLETE

• ¨ POW approvals

COMPLETE

• ¨ Drilling UNDERWAY ASSAYS PENDING

• n 2) Late Q2/16 - Aircore infill programme or (results and geology dependent) go straight to;

n 3) Late Q2/16 or early Q3/16 - RC Drill testing of bedrock targets

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MZM IS FULLY FUNDED – NO CAPITAL RAISING NEEDED

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2016 Vision
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Montezuma is well funded and strategically positioned…

• § Strong financial position – cash and investments.

• § Strong cash position

• § Significant liquid investments in listed entities

• § Low cost structure

• § Tight capital structure

• § Experienced board and management team.

• § History of transactional and technical success.

• § Existing assets present exciting potential for exploration success.

• § Yamarna – GOLD, follow up on exciting results so far!

• § Other: Butcherbird (MANGANESE, COPPER), Green Dam (NICKEL) etc. A pipeline for future growth

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Contact
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Montezuma Mining Company Phone: +61 8 6315 1400 Facsimile: +61 8 9486 7093 31 Ventnor Avenue, West Perth WA 6005 PO Box 910, West Perth WA 6872 www.montezuma.com.au

Justin Brown Executive Director P: +61-8 6315 1400 E: jbrown@montezuma.com.au

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Questions

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Competent person
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• n The information in this report that relates to Exploration Results, Mineral Resources and Mineral Reserves is based on information compiled by Mr Bradley Drabsch who is a member of the Australasian Institute of Mining and Metallurgy. At the time that the Exploration Results, Mineral Resources and Mineral Reserves were compiled, Mr Drabsch is an employee of Montezuma Mining Company Ltd. Mr Drabsch is a geologist 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 2012 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Drabsch consents to the inclusion of this information in the form and context in which it appears in this report.

• n Please note with regard to exploration targets, the potential quantity and grade is conceptual in nature, that there has been insufficient exploration to define a Mineral Resource and that it is uncertain if further exploration will result in the determination of a Mineral Resource.

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