NEURIZER LTD — Investor Presentation 2008

Nov 27, 2008

Ian McRae General Manager Marathon Resources

Regional Exploration

Australian Tenement Locations

South Australian Tenement Locations

Gawler Craton

• Four ELs with total area km 2000 sq • JVs with Uranium SA and Platsearch • ELs expire April 2009 • Expenditure 2007-2008 $200k • Forecast expenditure 2008-2009 $180k • Three holes planned

EL4052 Blanchetown Target: Mineral Sands esp. zircon

• Marathon 100%

• Calcrete sampling with infill has identified HM strandlines • Expires: February 2009

• Spent 07-08: $60,000 • Forecast 08-09: $50,000

Victorian Tenement Locations

EL4526 Kalymna Targets: Au, Cu

• Marathon/P. Forward JV

• Four holes diamond drilled in 2008

• Maximum depth 250m

• • Presence of native Cu

• EL expires: December 2008 • Spent 07-08: $270,000

EL5085 Little Yalmy & EL5086 Deddick River

EL5085 Little Yalmy & EL5086 Deddick River Targets: Au, Porphyry Cu/Mo

• Marathon 100%

• Straddles major Province Boundary

• occurrences

• Known gold

• Nearby Mt Buck has porphyry style Cu/Mo

• • Reconnaissance sampling only to date

• • Granted September 2008

Warburton

Warburton JV Targets: Ni/PGE, Au, Cu, U, Diamonds

• Marathon/Primary Resources JV

• Marathon 50%

• Most exploration on E69/1564

• Original drilling by Primary Resources • Marathon drilled 3 deep holes

Warburton JV

• E69/1564 Windich Hill

• E69/2177 Mt Glyde

• Expires December 2010

• E69/2178 Barrow

• Spent 07-08: $610,000

• E69/2179 Barrow North

• Forecast 08-09: $200,000

• E69/2180 Barrow Range

• E69/2181 Mt Eliza

• E69/2211 Brelyalee

• All expire: June 2012

• Expires June 2012

• Spent 07-08: Approx $30,000

• Spent 07-08: $31,000

• Forecast 08-09: $100,000

• Forecast 08-09: Each

• tenement approx $100,000

THANK YOU