ENCOUNTER RESOURCES LIMITED — AGM Information 2009

Nov 29, 2009

Annual General Meeting Perth, WA 30 November 2009

Corporate Information

Board

Issued Capital:

Market Cap:

Paul Chapman - Chairman Will Robinson - Managing Director Peter Bewick - Exploration Director Jon Hronsky - Non-Executive Director Kevin Hart / Dan Travers - Company Sec. 79m Ordinary Shares (Top 20 - 71%) 3m Employee Options $21.3m @ $0.27/share

Cash (31/10/09):

$4.6m

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2009 Highlights

• Yeneena Project:

• Drill program identified large copper regolith anomaly at BM1

• Massive sulphide with sphalerite and galena discovered at BM5

• Potentially significant manganese mineralisation at MN1

• WA Government co-funded drilling grant

• Initiated a strategic review of the potential development and commercial alternatives for the Yilgarn uranium resources

• Successful $3.5m capital raising to accelerate exploration

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Project Portfolio

1. PATERSON PROVINCE

High quality copper, uranium and manganese targets near Nifty, Kintyre & Woodie Woodie

2. YILGARN URANIUM

Inferred resource of 10.6 million lbs U3 O8 at Hillview plus Yeelirrie/Lake Way satellites

3. BANGEMALL BASIN

Base metals targets in underexplored Proterozoic basin

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Paterson Province

• 1300 km[2 ] in under-explored, highly endowed mineral belt

• Located amongst major mineral deposits

• Good infrastructure

• Land Access and Heritage agreement with Traditional Owners

• JV with Barrick Gold, ENR earning 75% interest

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Yeneena Project

• Extensive sand cover

• Immature exploration field

• Important regional structures extend through the project area

• Prospective for large tonnage mineral deposits:

• Copper

• Uranium

• Silver-Lead-Zinc

• Manganese

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95%
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5%
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Yeneena Project

• New datasets acquired in 2008:

• Airborne EM survey

• Copper & uranium re-analysis of 18,000m of Barrick drilling

• Eight regional scale exploration

targets generated

• Mineralised intersections at BM1,

BM5 and MN1 in 2009

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BM1 Target

• Located on a NNE trending splay structure to the McKay Fault

• 1.2km long copper regolith anomaly (up to 2m @ 0.89% Cu)

• Copper regolith anomaly is open and strengthening to the south

• Diamond program has identified a major hydrothermal alteration system

• Scale and nature of the anomalism indicates the potential for a major deposit

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Section Next Slide
8
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BM1 Target

Next Steps

• Ground geophysics

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BM5 Target

• Evidence of high grade mineralisation

• Massive sulphide containing sphalerite and galena intersected near end of diamond drill hole

• EPT062 was abandoned due to difficult drill conditions above the target horizon

• Significant EM conductor identified in down hole survey

Next Steps

• Gravity survey

• Follow up drilling mid 2010

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Massive Sulphide Vein
10
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MN1 Target

• Potentially significant manganese mineralisation 70km from Woodie Woodie

• Located at the southern end of a 14km long gravity anomaly to the west and parallel with the regionally extensive McKay Fault

Ground Gravity survey

• Mineralisation is open for 1.7km south and to the north for the length of the gravity anomaly

• Manganese is associated with a low iron content in the range of 4-6% Fe

Next Steps

• Ground gravity survey in progress

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The Next 12 Months - Yeneena Project

Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct BM1, BM5, T2 Diamond drill assaying MN1 Gravity survey BM1, BM5, T2, MN1 Interp. / drill plan BM1, BM5, MN1 Ground Geophysics BM1, MN1 Aircore / RC Drilling BM1, MN1 Assay Diamond Drilling BM1, BM5, MN1 Ground Geophysics Regional Targets T2, BM2, BM4, MN2 Aircore Drilling Regional Targets T2, BM2, BM4, MN2

Project Portfolio

1. PATERSON PROVINCE

High quality copper, uranium and manganese targets near Nifty, Kintyre & Woodie Woodie

2. YILGARN URANIUM

Inferred resource of 10.6 million lbs U3 O8 at Hillview plus Yeelirrie/Lake Way satellites

3. BANGEMALL BASIN

Base metals targets in underexplored Proterozoic basin

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Yilgarn Uranium – A Consolidation Opportunity

A future production centre for uranium – ENR well positioned

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Bangemall Basin Projects

Large Scale Copper-Lead-Zinc projects in the under-explored Proterozoic basin. Stepping up exploration activity in 2010

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Rapid Project Progression

• Mineralisation discovered at three targets at Yeneena in 2009.

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 Follow up drilling to commence in early 2010.
Inferred resources
Mineralisation established
Early stage
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The Focus in 2010

 Complete follow up drill programs at mineralisation discovered at BM1, BM5 and MN1 at Yeneena

• Complete initial testing of additional identified targets at Yeneena

• Accelerate exploration at Bangemall Basin base metals projects

• Commercialise the value of Yilgarn uranium resources

 Continue project generation in the Proterozoic regions of Australia

(Uranium, Copper, Gold)

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Disclaimer & Compliance Statement

This presentation has been prepared by Encounter Resources Limited (“Encounter”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and though Encounter has no reason to believe that it is not accurate, reliable or complete, it has not been independently audited or verified by Encounter.

Any forward-looking statements included in this document involve subjective judgement and analysis and are subject to uncertainties, risks and contingencies, many of which are outside the control of, and maybe unknown to Encounter. In particular, they speak only as of the date of this document, they assume the success of Encounter’s strategies, and they are subject to significant regulatory, business, competitive and economic uncertainties and risks. Actual future events may vary materially from the forward looking statements and the assumptions on which the forward looking statements are based. Recipients of this document (“Recipients”) are cautioned to not place undue reliance on such forwardlooking statements.

Encounter makes no representation or warranty as to the accuracy, reliability or completeness of information in this document and does not take responsibility for updating any information or correcting any error or omission which may become apparent after this document has been issued.

To the extent permitted by law, Encounter and its officers, employees, related bodies corporate and agents (“Agents”) disclaim all liability, direct, indirect or consequential (and whether or not arising out of the negligence, default or lack of care of Encounter and/or any of its Agents) for any loss or damage suffered by a Recipient or other persons arising out of, or in connection with, any use or reliance on this presentation or information.

The information in this report that relates to Exploration Results is based on information compiled by Mr. Peter Bewick who is a Member of the Australasian Institute of Mining and Metallurgy. Mr. Bewick is a full time employee of Encounter Resources Ltd and has sufficient experience which is relevant to the style of mineralisation under consideration to qualify as a Competent Person as defined in the 2004 Edition of the 'Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. Bewick 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 for the Hillview Uranium Project, is based on information compiled by Mr Neil Inwood who is employed by Coffey Mining Ltd. Mr Peter Bewick from Encounter has consented to a joint sign off for the Resource, Mr Bewick taking responsibility for the quality and reliability of the drillhole database and Mr Inwood is responsible for the grade estimate and classification of the resource. Messrs Inwood and Bewick have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they have 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”. Mr Bewick has reviewed the form and context in which the resource information appears and consents to the inclusion in this presentation.

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