ENCOUNTER RESOURCES LIMITED — Investor Presentation 2011

Sep 19, 2011

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ASX : ENR

Greenfields Copper Discovery in WA

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Melbourne Mining Club 20 September 2011

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Corporate Information

Board Paul Chapman - Chairman Will Robinson - Managing Director Peter Bewick - Exploration Director Jon Hronsky - Non-Executive Director Kevin Hart / Dan Travers - Company Sec. Issued Capital: 99.3m Ordinary Shares 6.9m Employee Options Market Cap: $69.5m @ $0.70/share Cash (30/6/11): $7.2m

Cash (30/6/11):

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Company Snapshot – Diversified Explorer

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Copper
High grade
discovery at BM1
Potential new
copper province
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Manganese
Near surface
+20% Mn
Multiple targets
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Zinc
Assays up to 28%
Zn, 2.3% Pb,
34g/t Ag
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Uranium
11 million lbs
near surface U O
3 8
Inferred Resource
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• Exploring for “Major New Mineral Discoveries”

• Experienced, dedicated and professional team

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Yeneena Project – Paterson Province (WA)

• Major land position in highly endowed mineral belt

• 100% ownership (1300 km[2] )

• Multiple commodity targets

• Good infrastructure

• $5m exploration program in 2011

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Yeneena Project – Field Camp

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Major land position amongst giant mineral deposits

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50km
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…potential for multiple copper deposits under sand cover

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1km
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BM1 Copper Discovery

• Multiple thick, near surface intersections grading over 1% copper

• Copper system +3.5km long and open

• Coherent zones of near surface copper mineralisation

• 10m @ 6.8% Cu from 32m (incl. 3m @ 12.3% Cu )

• 20m @ 2.0% Cu from 22m (incl. 12m @ 3.2% Cu)

• 12m @ 1.5% Cu from 16m (incl. 2m @ 2.7% Cu) )

• 8m @ 3.6% Cu from 18m (incl. 2m @ 7.6% Cu)

• 4m @ 5.5% Cu from 66m

• Highly anomalous cobalt and silver 14m @ 0.5% Co, 3m @ 156g/t silver

• Deep drilling to target potential primary copper sulphide source

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BM1 Drillhole EPT751 – 10m @ 6.8% Cu

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Photo EPT751 - Mineralisation 32.6m to 38.8m

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BM1 Copper Discovery – Northern Area

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Nifty Copper Deposit

Shallow aircore drilling identified broad zone of copper oxides 200m

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BM1 Regional Targets

Up to 0.9% Cu in aircore reconnaissance drilling

• Helicopter EM survey (“VTEM”) completed in June 2011

• Bedrock conductors located down dip of the western and eastern mineralised limbs of the BM1 Northern Area are high priority drill targets

• VTEM survey identified two regional scale targets to the north and east of BM1 showing similar structural and conductivity response to the main BM1 copper discovery

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6km
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• The BM1 mineralised system now remains anomalous for over 6km which is a world class copper regolith footprint.

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Major land position amongst giant mineral deposits

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50km
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…potential for multiple copper deposits under sand cover

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BM2 – Second Copper System

• Shallow drilling has confirmed a mineralised copper system

• Extensive copper regolith enrichment continuous over a large area

• Several of the shallow holes terminated in anomalous copper

• 30m @ 0.14% Cu from 42m to end of hole including 2m @ 0.88% Cu

• 28m @ 0.18% Cu from 54m including 4m @ 0.48% Cu & 2m @ 0.41% Cu

• 36m @ 0.17% Cu from 76m to end of hole including 6m @ 0.37% Cu

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• 20m @ 0.27% Cu from 62m including 4m @ 0.57% Cu

The grade and continuity of the initial results are similar to the early results obtained at BM1

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BM2 - Diamond Drilling

• WA Government EIS co-funded diamond drilling in June intersected 100m thick zone containing base metal-bearing sulphide veins

• Base metal sulphides occur within thin carbonate / quartz veinlets and narrow breccia zones and predominately sphalerite (zinc) with minor galena (lead) and chalcopyrite (copper).

• Zinc veins commonly occur in the halo to copper deposits

• 1.2km long +0.1% copper regolith anomaly remains unexplained

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Sphalerite
Pyrite
Sphalerite
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Yeneena Project – T4 prospect

T4 New copper prospect 30km north-east of the BM1 Discovery

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T4 – Major Copper Prospect

Electromagnetics Magnetics

Gravity

EPT801 – Copper EPT801 EPT801 Sulphides Intersected

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T4 - Diamond Drilling

• Stratigraphic hole intersected disseminated copper sulphides up to 0.8% Cu

• Drilling located at the southern end of a +4km long gravity & magnetic anomaly

• New style of copper mineralisation in a unexplored region

Chalcopyrite Bornite

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1cm
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• Further drilling October 2011

EPT801 - 194m - Disseminated chalcopyrite and bornite in altered metamorphics - 0.8% Cu

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2011 Major Copper Exploration Program ($5m)

• High grade copper at BM1 Northern Area extended to over 500m in strike

• Copper mineralisation intersected 2.5km north of the BM1 prospect

• Extensive copper anomalism intersected within a steeply dipping fault breccia along western margin of the BM1 Northern Area

• Copper sulphide minerals (bornite and chalcopyrite) in stratigraphic diamond drill hole at T4 prospect

• Second diamond rig sourced to commence in Sept 2011.

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Quality copper resources in short supply

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Yeneena Copper Discovery

• New greenfields copper discovery made in 2010

• Early stage indications of a potential new copper province

• High drilling success rate

• Large mineralisation footprints

• Thick, high grade intersections

• Land position secured (1300km[2] , 100% owned)

• Major diamond and aircore drill program in progress

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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 forward-looking 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.

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