ENCOUNTER RESOURCES LIMITED — Investor Presentation 2012

Aug 5, 2012

==> picture [720 x 38] intentionally omitted <==

ASX : ENR

Greenfields Copper Discovery in WA

Investor Update Diggers and Dealers Kalgoorlie - August 2012

==> picture [720 x 38] intentionally omitted <==

The Investment Opportunity

• Significant new copper discovery in WA

• Multiple prospects with mineralised intersections

• Major land position secured

• Experienced team of former WMC executives

• Sound cash position $5m

• 25,000m drill program in 2012

==> picture [328 x 379] intentionally omitted <==

----- Start of picture text -----

Yeneena
Project
----- End of picture text -----

2

==> picture [720 x 38] intentionally omitted <==

Corporate Information

Board Board

Issued Capital: Issued Capital

Market Cap. Cash (30/6/12)

Paul Chapman - Chairman Will Robinson - Managing Director Peter Bewick - Exploration Director Jon Hronsky - Non-Executive Director Kevin Hart / Dan Travers - Company Sec. 114.2m Ordinary Shares 8.1m Employee Options A$28.6m @ A$0.25/share A$5.2m

3

4

==> picture [606 x 454] intentionally omitted <==

----- Start of picture text -----

Sand cover has inhibited previous exploration
----- End of picture text -----

==> picture [720 x 38] intentionally omitted <==

Major land position amongst giant mineral deposits

==> picture [601 x 417] intentionally omitted <==

----- Start of picture text -----

Sombrero
----- End of picture text -----

5

==> picture [720 x 38] intentionally omitted <==

BM1 - BM7 Prospects

• Copper system +8km long and

• open

• BM1 - coherent zones of near surface copper mineralisation

• 10m @ 6.8% Cu from 32m

• 20m @ 2.0% Cu from 22m

• 8m @ 3.6% Cu from 18m

• 4m @ 5.5% Cu from 66m

• BM7 - New copper discovery 3km south of BM1

==> picture [67 x 9] intentionally omitted <==

----- Start of picture text -----

See next slide
----- End of picture text -----

6

==> picture [720 x 38] intentionally omitted <==

BM7 Prospect – New discovery and growing

==> picture [634 x 326] intentionally omitted <==

7

BM7 Prospect

• New copper discovery located 3km south of the BM1 discovery.

• 34m @ 0.6% Cu incl. 10m @ 1.6% Cu

• 22m @ 0.4% Cu incl. 2m @ 2.9% Cu

• 34m @ 0.5% Cu incl. 14m @ 0.8% Cu

• 33m @ 0.4% Cu incl. 19m @ 0.5% Cu

• 16m @ 0.4% Cu incl. 7m @ 0.7% Cu

• Mineral system widens and is strengthening to the south

• 3km long target zone coincident with a major flexure in the McKay Fault

• Hallmarks of major mineral system

==> picture [347 x 503] intentionally omitted <==

==> picture [720 x 38] intentionally omitted <==

Major land position amongst giant mineral deposits

==> picture [601 x 417] intentionally omitted <==

----- Start of picture text -----

Sombrero
----- End of picture text -----

9

==> picture [720 x 38] intentionally omitted <==

BM2 Base Metal Prospect

==> picture [434 x 420] intentionally omitted <==

----- Start of picture text -----

EPT799 - Zinc sulphide (sphalerite)
----- End of picture text -----

• 800m long +0.25% copper regolith anomaly

• WA Govt. co-funded drilling program completed in April

• 26m @ 0.60% Cu from 100m

• 201m @ 0.61% Zn from 233m to end of hole

• Mineralisation remains open to the west and at depth

• Modelled EM conductor down dip west of copper sulphide mineralisation

10

==> picture [720 x 38] intentionally omitted <==

BM2 Copper Zinc Prospect

==> picture [590 x 403] intentionally omitted <==

11

==> picture [720 x 38] intentionally omitted <==

Yeneena Project – T4 prospect

==> picture [604 x 404] intentionally omitted <==

----- Start of picture text -----

Located 30km north-east of the BM1 Discovery
----- End of picture text -----

12

==> picture [720 x 38] intentionally omitted <==

T4 – Major Copper Prospect

Electromagnetics Magnetics

Gravity

Diamond holes April 2012

EPT801 – Copper Sulphides intersected in 2011

==> picture [409 x 321] intentionally omitted <==

----- Start of picture text -----

Diamond holes Diamond holes
April 2012 April 2012
EPT801 EPT801
----- End of picture text -----

13

==> picture [720 x 38] intentionally omitted <==

T4 - Diamond Drilling

Diamond holes April 2012

• Stratigraphic hole EPT 801 intersected disseminated copper sulphides including 0.9m @ 0.84% Cu

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

• Surface geochemistry highlights copper silver anomalies at key structural targets

• Two diamond holes completed in April with assays due August 2012

• 10,000 aircore program in progress

14

==> picture [720 x 38] intentionally omitted <==

Yeneena Copper Discovery Timeline

==> picture [170 x 108] intentionally omitted <==

==> picture [41 x 42] intentionally omitted <==

2011 Discovery of copper sulphides at BM1 & T4 New copper oxide discoveries at BM6 & 2010 BM7 Greenfields Primary zinc discovered 2008-09 copper oxide at BM2 Airborne EM discoveries at BM1 & BM2 BM7 copper sulphides Regional geochem Target generation

2012 Objectives

Large scale, high grade copper sulphide discovery at BM1, BM7

Drill testing of large scale T4 copper prospect Follow up base metal discovery at BM2 Regional target testing

15

0 2 4 6 8 10 12 14 16 18 20 MT Cu (pre mined resources) Sed
	iment Hosted Copper Deposits
	iment Hosted Copper Deposits
	Paterson Central Africa Copper Deposits Mt I																																							sa
	Province Endowment Endowment 150MT Copper
	2.3MT Copper
															Deposit style produces giant orebodies Is Nifty the giant of the Paterson?
	*includes basement hosted deposits

==> picture [442 x 66] intentionally omitted <==

==> picture [106 x 62] intentionally omitted <==

16

==> picture [720 x 38] intentionally omitted <==

Yeneena Copper Discovery

• Encounter has made a series of new copper discoveries that demonstrate the potential of the area for large tonnage copper deposits

• Early stage indications of a potential new copper province

• High drilling success rate

• Large mineralisation footprints

• Thick, high grade intersections

• Land position secured (1400km[2] , 100% owned)

• Well funded explorer with 25,000m drill program in 2012

17

==> picture [720 x 38] intentionally omitted <==

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.

18