KINGSROSE MINING LIMITED — Investor Presentation 2012

May 2, 2012

Exceptional grades, exceptional costs, exceptional growth Corporate Presentation May 2012

• Specialist Miner

• Focus on, non-mechanized, narrow vein mining

• Geological Focus

• “ ”

• • Rim of Fire

• Bonanza Grade, Low Sulphidation Epithermals

• Key Project

• Way Linggo (85%) in Sumatra, Indonesia

• Developing Country – A need to be socially responsible

• Respect for local customs, cultures and beliefs

• Local workforce – 4 expats only

• Focus on regional economic output and employment multipliers

• • Sustainable outputs from training, education and social programs

• • A development strategy focused on self-funding growth

• • A commitment to rewarding our shareholders

Kingsrose … Rewarding our Shareholders

• Capital Appreciation.

• Over 500% share price increase in 3 years

• Organic Growth – self funding a $14m exploration budget this year from cash flow

• Dividends

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Good Liquidity
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• Announced intent to pay an interim dividend in 2012

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Kingsrose … Geological Setting - Way Linggo Project

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Kingsrose … Way Linggo on the “Rim of Fire”

• Located in the Rim of Fire and on the Trans Sumatra Fault Zone

• World’s second-most significant

• source of gold deposits – Tertiary Age

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Way Linggo Mine – operations

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Way Linggo – Total Mineral Resource Estimate (JORC)

Classification		Tonnes	Au g/t	Ag g/t	Au oz	Ag oz
Measured	Way Linggo	467,400	12.44	166.8	186,940	2,506,500
Indicated	Way Linggo	182,800	6.09	84.5	35,790	496,600
Inferred	Way Linggo	60,200	3.77	38.1	7,300	73,700
Subtotal	Way Linggo	710,000	10.24	135.6	230,030	3,076,800
Inferred	Talang Santo	879,400	5.89	14.6	166,400	413,000
Grand Total		1,589,400	7.89	14.6	396,430	3,489,800

DDH 226 -Talang Santo

4.65m @ 16.31 g/t Au,47 g/t Ag (from 305.6 m) Including

1.75m @ 37.9 g/t Au, 117 g/t Ag (from 308.5 m)

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Way Linggo – The scorecard

Mill Tonnes	t	2011 Act Calendar year 106,410
Gold grade Silver grade	g/t g/t	12.9 166
Gold Produced	oz	40,497
Silver Produced	oz	479,362
Cash Cost after silver credits	US$/oz	139
D&A	US$/oz	213
Government Royalties	US$/oz	40
Total Cost	$/oz	392

2012 financial year forecast

• 37,000 ounces of gold

Next financial year forecast

• 40,000-50,000 ounces of gold

Medium term

• targeting production of 55-65 koz of gold per year

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Way Linggo Mine

• Orebody drilled just 350m along strike and 200m vertically

• Epithermal veins continuous in all directions

• Possible extensions to extend ore system

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250m
1m @ 2.1 g/t Au, 3,390 g/t Ag
2.25m @ 0.7 g/t Au, 546 g/t Ag
150m
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• The first priority target to be extensively drill tested

• Located just 7km north of Way Linggo with a haul road in place

• Resource Estimate (Inferred) 879,000t @ 5.9 g/t Au & 14.6g/t Ag

• 166,400oz Gold & 413,000oz Silver • Drill-out continues and system expanding along strike and improving at depth

Talang Santo – Ore system expanding

Latest drill results - mineralisation is open to the west, east & at depth

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350m
600m
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Talang Santo – Ore system expanding

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Comparison to Way Linggo
250m
150m
350m
600m
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• Development starts - just 9 months after the first significant drill result

• Trial mining has commenced – ore production expected to supplement Way Linggo ore feed late in June quarter 2012 (12 months from discovery)

• • Low Capital Cost as Infrastructure already in place

• Free milling ore (non-refractory)

• 140,000tpa conventional plant

• Crushing > milling > leach >merrill-crowe > smelting > gold & silver dore

• Gold and silver refined at refinery in Java, Indonesia

• SAG mill installed mid-2011 to de-bottleneck materials handling issues

• Grinding capacity in place to expand processing to 200,000tpa

Objective – to self-fund exploration & project development from cashflow

1. Mining Way Linggo

2. Developing Talang Santo

3. Exploring for 3rd mining front

• Exploration Strategy & Budget – US$14m for 2011-12 year, 12 drill rigs

• Priority on mine extensions, Linggo-Sapta, Semung Kecil and Rowo Rejo prospects

• Build on geological dataset, prioritise targets and drill test

• Drill out new discoveries and continue testing other targets at the same time

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•
100sqkm 4 [[th]] Generation 12 rigs in action
•
6 field teams
Contract of Work
•
$14M budget
17 defined epithermal zones/ over the next 12
months
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Epithermal veins exist
Top 3 priorities
and/or outcrop Talang cluster
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Strong gold and Way Linggo mine
extensions
associated metal
Linggo Sapta,
anomalism exists
Semung Kecil &
Rowo Rejo
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Intense epithermal clay
alteration
Drilling a number of priority
targets – with encouraging
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• 100sqkm 4[[th]] Generation Contract of Work

• 17 defined epithermal zones/ targets

• Drilling a number of priority targets – with encouraging results

• Drill testing of priority Targets:

• Extensions to the Way Linggo and Talang Santo mines

• Way Sapta – a structural look-alike to Way Linggo – good outcropping veins.

• Semung Kecil – high grade epithermal floats

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•
Rowo Rejo – big sinter
and breccia
development with major
CSAMT anomaly
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	Corporate Summary	Corporate Summary
	Board Members		Corporate Structure
	John Morris	Chairman	Market	ASX
			Share Code	KRM
	Chris Start	Managing Director	Listed Option Code	KRMO
	Tim Spencer	Finance Director	Share Price	$1.18
	Bill Phillips	Director	52 week high/low	$1.05 - $1.88
	Peter Cook	Director	Shares on Issue	279 Million
			Options on Issue	19 Million
			Shares fully diluted	298 Million
			Market Capitalisation	$329 Million
			Cash and Bullion (30 Apr)	$43 Million
			As at 30 April 2012
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• Our Achievements – In the past 3 years:

• Acquired, permitted, designed, developed and delivered production from the Way Linggo mine

• Emerged as one of the lowest cost gold miners in the world.

• Developed the project with a socially responsible, technically appropriate and regionally acceptable method

• Fulfilled a strategy to become locally managed

• Achieved a position of self-funding exploration and project development

• Made a second major discovery with more to come

Exceptional Grade Specialist high-grade narrow vein miners – We chase profit not ounces. Exceptional Cost Sub US$300/oz after silver credits. Exceptional Growth Second mine at Talang Santo & exceptional prospectivity Rewarding our Shareholders Maiden Dividend to be paid in June Qtr 2012

General Disclaimer

“ ” “ ” • This presentation has been prepared by Kingsrose Mining Limited ( Kingsrose or the Company ). It should not be considered as an offer or invitation or inducement to subscribe for or the purchase of any securities in the Company. This presentation contains forecasts and forward looking statements. Such forecasts, projections and information are not a guarantee of future performance, involve unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied. Kingsrose has not audited or investigated the accuracy or completeness of the information, statements and opinions contained in this presentation. Accordingly, to the maximum extent permitted by applicable laws, Kingsrose makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and takes no responsibility and assume no liability for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission, from any information, statement or opinion contained in this presentation. This overview of Kingsrose does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the Company’s prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation before making any investment decision. The SARINC target statement has been based on data provided by Regional of Sardinia, Italy. The estimate of the potential quantity and grade are considered conceptual in nature as there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.

Competent Person Statement

• The information in this report that relates to exploration results, mineral resources and ore reserves is based on information compiled by Mr. Peter G. Cook, BSc Applied Geol, MSc (Min Econ), who is a Member of the Australasian Institute of Mining and Metallurgy, and a Director of and consultant to Kingsrose Mining Limited. Mr. Cook has sufficient experience which is relevant to the styles of mineralisation and types of deposits and to the activity he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (“JORC Code”). Mr. Cook consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

	Board of Directors – Highly Experienced & Successful	Board of Directors – Highly Experienced & Successful
	John Morris Chairman	Mr. Morris has over 36 years experience in exploration, project development and management of public listed resource companies. He has held prior directorships in a number of gold and base metals public companies in Australia and overseas including Forsayth NL, Uruguay Mineral Exploration Plc and Amerisur Resources Plc (formerly Chaco Resources Plc/Gold Mines of Sardinia Plc)
	Chris Start	Mr. Start graduated from RMIT as a Metallurgical Engineer with honors in 1988 and has over 23 years of experience in the mining industry. He has worked as a metallurgist, in management positions and as a consultant at a number of mine sites including Kidston,
	Managing	Murrin Murrin, Granny Smith and Boddington. Mr. Start also has international experience working as the Processing Manager at Mt
	Director	Muro gold and silver mine in Indonesia and as the General Manager at the Musselwhite gold mine in Canada. In addition to his
		extensive operations experience, Mr Start also has a Master of Science Degree in Mineral Economics.
	Tim Spencer	Mr Spencer is an economist and qualified accountant with over 16 years experience in various accounting, treasury and finance
	Finance	roles, which included periods with gold companies and a gold refining and trading enterprise. He has particular expertise in
	Director	precious metals markets and in hedging strategies.
		Peter Cook is a Geologist and Mineral Economist and is the current Non-Executive Chairman of Metals X Limited, Aragon
	Peter Cook	Resources Limited and Pacific Niugini Limited. He is also a director of Westgold Resources Limited. He has previously been
	Director	Managing Director of Hill 50 Gold Ltd, Harmony Gold Australia Pty Ltd, Abelle Ltd and Metals X Limited. Mr. Cook has 28 years in
		various aspects of the resource sector and brings significant expertise in exploration, mine and corporate management.
		Mr. Phillips has over 30 years experience in mining contracting and mine management, much of which has been gained in Western
	Bill Phillips Director	Australia. He is highly regarded as a leading specialist in underground narrow vein mining. He has managed or been instrumental in the successful development of 16 mines either in the role of contractor or as owner/shareholder. Mr. Phillips most recent role was overseeing development, mining and production at Medusa Mining Limited’s Co-O gold mine in the southern Philippines. He is now
		focused solely on the Way Linggo gold/silver mine located in Sumatra.
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