GREENWING RESOURCES LTD — Investor Presentation 2017

May 22, 2017

ASX ANNOUNCEMENT 23 MAY 2017

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BASS METALS CEO TIM MCMANUS, AND DIRECTOR PETER WRIGHT SPEAK TO FINANCE NEWS NETWORK

Bass Metals Limited (ASX: “BSM”) (the “Company”) is pleased to provide shareholders with an update on the Company and its activities.

To view the video onine please copy and paste the URL below into your web browser:

http://www.finnewsnetwork.com.au/MediaCenter/MediaCenterMobile.aspx?Site=FNN946

Transcription of Finance News Network Interview with Bass Metals Limited (ASX:BSM) CEO, Tim McManus and Non-Executive Director, Peter Wright.

Jessica Amir: Hello I’m Jessica Amir from the Finance News Network and joining me from Australia’s only current listed graphite producer, Bass Metals Limited is CEO, Tim McManus and Non-Executive Director, Peter Wright. Tim, Peter welcome back.

Tim McManus: Thank you very much.

Peter Wright: Hello.

Jessica Amir: Peter over to you. Can you give us a brief introduction for those new to the company?

Peter Wright: We’re somebody with a unique opportunity, at Bass we have a small market cap, but all the portentous are there to build a mid cap mining company. We have a producing asset that we’ve bought for a fraction of its previously traded price. We have a direct line of site to profitable production in the latter half of this year. And from that, we want to take that as a financial platform to execute a broader strategy. To get to more meaningful production tonnes, subsequent cash flows and take that to grow the company in Madagascar.

Jessica Amir: Thanks Peter, so now to you Tim and Graphmada. Tell us what’s taking place there?

Tim McManus: Graphmada in Madagascar, our flagship asset, we’ve been working really hard since we’ve taken ownership in the last 10 or 11 months. And we’ve done quite a bit of work onsite, a lot in terms of safety; it was our first focus along with the community. And now we’re in the midst of our refurbishment program, going from our

Bass Metals Ltd. (ASX: BSM) Email: admin@bassmetals.com.au Phone: (07) 3203 5894 Post: PO Box 1048, Subiaco WA 6904 Web: www.bassmetals.com.au

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ASX ANNOUNCEMENT 23 MAY 2017

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current production levels, which were about 1500 tonnes last year, to 6,000 tonnes. And that’ll see us cash flow positive at a corporate level, towards the end of the year.

Jessica Amir: What are you targeting for production this and next year?

Tim McManus: We produced up until recently, we have now shut down the plant to do our refurbishment works and then re-commissioning towards the end of the year, at a 6,000 tonne per annum run-rate. Which is about 500 tonnes per month, which as I’ve said, sees us cash flow positive.

Jessica Amir: And Tim, what about the potential for an expansion?

Tim McManus: From the 6,000 tonne per annum run-rate, we’ll look to do our studies and go to 20,000 tonnes per annum, which will leverage off the existing infrastructure. And we plan to base that expansion on the Mahefedok deposit, which we’ve recently drilled, 2300 metres of drilling. And we have the results pending and our resource announcement by the end of the quarter.

Jessica Amir: Now to exploration, you’ve got two projects, one graphite and one lithium. Can you give us an update on both?

Tim McManus: Our graphite project Andapa, slightly to the north and is a little bit closer to the port. We’ve seen some really good results from our reconnaissance work there, some larger jumbo flake at surface and really good grades, up to 7-10 per cent. So we’re looking to do some drilling and explore that a bit further, and develop that potentially into a resource.

And then with our recently acquired lithium project Millie’s Reward, we’d like to aggressively explore that. We see some great potential there, outcropping pegmatites with good thickness at surface. Good grades, probably some of the highest grades I’ve seen, five to sixes in terms of lithium. So it’s early days there, but we’re really encouraged by I suppose, the strike length of the pegmatites. the fact that they’re shallow dipping and just the huge potential of the area in general.

Jessica Amir: Thanks Tim that sounds really exciting, so back to you Peter on financials. Can you tell us about your financials and your current cash position?

Peter Wright: For a company that has achieved what we have done over the past 12 months, to have a near-installed mine and all associated infrastructure, 100 per cent ownership of the project and a broader tenement package; we’re in a very good financial position. We have zero debt; we have $1.5 million cash and receivables. And as

Bass Metals Ltd. (ASX: BSM) Email: admin@bassmetals.com.au Phone: (07) 3203 5894 Post: PO Box 1048, Subiaco WA 6904 Web: www.bassmetals.com.au

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ASX ANNOUNCEMENT 23 MAY 2017

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Tim has alluded to, the whole strategy of the company is to get to that production and make ourselves self-sustaining or cash flow positive on a corporate level, which for a $15 million company on the ASX we think we’re a reasonably rare investment offering. So we’re in a very good position financially.

Jessica Amir: Thanks Peter, back to you Tim, last question. So what’s your focus for the next 12 months and what’s your long-term ambition for Bass?

Tim McManus: We want to finish our refurbishment and get to 6,000 tonnes per annum, cash flow positive, move to 20,000 tonnes in the longer-term. And that sets us up as an industrial minerals company, a mid tier producer and we see that as providing a lot of value for our shareholders. And we’re pretty excited about the future.

Jessica Amir: Tim McManus, Peter Wright, thanks so much for the update.

Tim McManus and Peter Wright: Thanks for having us.

For more information, please contact:

Tim McManus Peter Wright Chief Executive Officer Director Phone: (07) 3203 5894 Phone: (07) 3203 5894 Email: admin@bassmetals.com.au Email: admin@bassmetals.com.au

Please visit us at: www.bassmetals.com.au

Bass Metals Ltd. (ASX: BSM) Email: admin@bassmetals.com.au Phone: (07) 3203 5894 Post: PO Box 1048, Subiaco WA 6904 Web: www.bassmetals.com.au

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ASX ANNOUNCEMENT 8 MAY 2017

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ABOUT THE GRAPHMADA JUMBO FLAKE GRAPHITE MINE

Bass Metals Ltd. is one of only three publicly listed graphite producers in the world. The company owns and operates the Graphmada large flake graphite mine, Bass’ flagship project, located in eastern Madagascar. Madagascar has been a recognized producer and exporter of premium graphite since 1907 and sets the world standard for product quality and flake size.

The Graphmada mine has 40-year mining permits in place, containing four premium quality, large flake, graphite deposits hosted in weathered graphitic gneiss, a soft, easily minable rock that incurs low mining costs. With all associated mining infrastructure and logistics in place, the mine currently produces and sells a range of graphite concentrates into multiple market segments, to customers in India, the United States and Europe.

Generating revenue through ongoing lowest quartile cost production, the mine is currently being optimised by an experienced management team to 6000 tonnes per annum with improved final graphite concentrate grades, in order to grow cash margins.

Graphmada also has significant potential for low capital intensity expansion. Bass plans to invest capital to expand production to greater than 20,000 tonnes per annum of graphite concentrate sales by 2019.

The Company has also made the strategic decision, in parallel with the optimisation at Graphmada, to actively explore and develop deposits in the immediate proximity to the mine, with a view to materially expanding existing resource inventories.

The Loharano deposit has provided the bulk of the feed to the Graphmada processing plant and has total JORC compliant Indicated and Inferred resources of 5.7Mt @ 4.1% Grade with a 2% cut-off[1] . This mineralization is known to go to depth with increasing grade, and is open in all directions.

With the Company having a strong community engagement program and being well down the path in achieving its optimisation plans and growing its resource inventory, the team at Bass is confident of its plans for expansion and its future value creation for shareholders.

1 These estimates were prepared and first disclosed by Stratmin Global Resource PLC under the JORC Code 2004. The estimates have not been updated to JORC Code 2012 on the basis that the information has not materially changed since it was last reported. Reference is made to the Company's announcement of 2 September 2015, which provides further detail regarding this information.

Bass Metals Ltd. (ASX: BSM) Email: admin@bassmetals.com.au Phone: (07) 3203 5894 Post: PO Box 1048, Subiaco WA 6904 Web: www.bassmetals.com.au

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ASX ANNOUNCEMENT 8 MAY 2017

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DISCLAIMER & CAUTIONARY STATEMENTS

DISCLAIMER

This document has been prepared by Bass Metals Limited (the “Company”). It should not be considered as an invitation or offer to subscribe for or purchase any securities in the Company or as an inducement to make an invitation or offer with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this document. This document is provided on the basis that neither the Company nor its officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advisers make any representation or warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the document and nothing contained in the document is, or may be relied upon as a promise, representation or warranty, whether as to the past or the future. The Company hereby excludes all warranties that can be excluded by law.

FORWARD LOOKING STATEMENTS

This document may contain certain forward-looking statements. Such statements are only predictions, based on certain assumptions and involve known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control. Actual events or results may differ materially from the events or results expected or implied in any forward-looking statement. The inclusion of such statements should not be regarded as a representation, warranty or prediction with respect to the accuracy of the underlying assumptions or that any forward looking statements will be or are likely to be fulfilled. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this document (subject to securities exchange disclosure requirements). The information in this document does not take into account the objectives, financial situation or particular needs of any person. Nothing contained in this document constitutes investment, legal, tax or other advice.

COMPETENT PERSON STATEMENT

The information in this document that relates to Exploration Results is based on information compiled by Tim McManus, a Competent Person who is a member of the Australasian Institute of Mining and Metallurgy and a full-time employee of the Company.

Tim McManus has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken 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.

Tim McManus consents to the inclusion of the information in this document in the form and context in which it appears.

Bass Metals Ltd. (ASX: BSM) Email: admin@bassmetals.com.au Phone: (07) 3203 5894 Post: PO Box 1048, Subiaco WA 6904 Web: www.bassmetals.com.au

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