RED MOUNTAIN MINING LIMITED — Investor Presentation 2012

Aug 16, 2012

Proposed Acquisition of gold and copper-gold assets in Philippines

17 August 2012

Transaction highlights

• Acquisition of significant gold and silver resources (and copper-gold tenements) in the Philippines containing an Indicated Resource of 10,150,000 tonnes @ 1.2g/t Au for 393,000 contained ounces of gold and 1,427,800 ozs silver and an Inferred Resource of 3,800,000 tonnes @ 0.88g/t Au for 108,000 contained ounces of gold and 210,000 ozs silver with significant near term resource growth potential.
• High grade intercepts below Archangel resources include 61m @ 5.1g/t Au, 64m@ 3.5 g/t Au, 52m @11.5g/t Au and 26m @ 4.03 g/t Au.
• Large dominating camp scale exploration position 27,000 Ha (270 km²) at Batangas and 3,700 Ha (37km²) at Tapian San Francisco.
• Assets well accessed via port and sealed roads with mains power nearby.
• Well established and recognised social and environmental "license to operate" in the Philippines.

Transaction highlights (cont'd)

• Red Mountain Mining acquiring a proven and experienced exploration team in the Philippines
• Over 43,300 metres of drilling completed to date on Batangas Project with 27,000m completed on Archangel gold resource.
• Strengthening of Red Mountain Mining's management team by securing senior executive and Board members from Mindoro
• Luzon Island is a safe jurisdiction and offers less risk than comparable West African/South American countries.
• Transaction strongly in line with Red Mountain Mining's strategy and provides a unique opportunity to apply modern Australian mining techniques to acquired projects

Transaction overview

• Acquisition of Mindoro Resources' Philippine based gold and copper-gold tenements and projects in exchange for Red Mountain Mining shares
• Following interests are to be acquired by Red Mountain Mining:
  • 100% interest in Batangas Project with JORC Indicated Resources of 0.393mozs Au and 1.4mozs Ag and Inferred Resources of 0.108mozs Au and 0.21mozs Ag , including Archangel – Kay Tanda resource and Lobo - South West Breccia resource and other gold and copper-gold projects within the extensive exploration tenements located on Luzon Island
  • 75% interest in copper-gold exploration tenements at Tapian San Francisco located near Surigao on Mindanao Island. Extensive Porphyryrelated alteration, copper-gold showings, IP geophysical anomalies.

• Convert low grade/ high tonnage gold resource into higher grade near surface mineable reserves.
• Use existing infrastructure to fast track development.
• Explore large land holding and test multiple targets to establish long mine life.

The Philippines – a Golden Opportunity

• US based "Democracy"
• IMF growth projections 7% next 5 years
• Stable mining law, regulations and fiscal regime
• New mining policy Executive Order 79 (2012) demonstrates commitment to sector
• Well educated work-force, English speaking
• "World class" prospectivity for gold (and Cu-Au, Ni)
• Mature mining industry, recent developments:
  • Medusa Mining, Co-O ~100k oz per annum
  • CGA Mining, Masbate, >200k oz pa
  • Red 5, Sianna, >85k oz pa projected
  • Rapu Rapu and Canatuan Cu-Au-Zn producers
  • Sumitomo, Coral Bay, 22,000t Ni intermediate pa
  • Sumitomo, Taganito 30,000t Ni pa in construction
  • Oceana, Didipio Cu-Au, in construction
  • Tampakan, Runruno, Silingan major projects in BFS
  • Gold Fields at Far Southeast, major exploration program

Portfolio of projects in key mining districts

BATANGAS GOLD PROJECT

Batangas Port

BATANGAS, ARCHANGEL PROJECT

High Grade Breccia Feeder Zones

Plan View of Feeder Zone Drilling

Planned drilling at Kay Tanda

Planned drilling at Kay Tanda

Planned Drilling at West Kay Tanda

Archangel: Tonnage-Grade Curve

Archangel, Sulfidation on hillsides = extensive epithermal activity.

BATANGAS, LOBO GOLD PROJECT

BATANGAS, LOBO PROJECT

SOUTHWEST BRECCIA LONGITUDINAL PROJECTION, G/T x Thickness Contour

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Batangas Projects

BATANGAS, LOBO PROJECT

SOUTHWEST BRECCIA CROSS SECTION 10155N

Batangas Projects

MAP KEY

BATANGAS, LOBO PROJECT

SOUTHWEST BRECCIA CROSS SECTION 10172N

MAP KEY

PORPHYRY COPPER-GOLD: TAPIAN-SAN FRANCISCO

Key value-driving milestones for 2012/13

Milestone	Objective	Timing
Archangel gold resource drilling	Drill test "feeder" structures and upgradeand define gold resources	Q3 2012 –Q3 2013
Drill Lobo high grade gold shoot targets	Add additional high grade gold resources	Q1/3 2013
Batangasgold resource upgrade	Significant gold resource increase	Q2/3 2013
Batangas gold scoping study	Viable gold project for Feasibility	Q3 2013

Next Steps, subject to delivery of above:

• Batangas Gold: Increase resource, optimise "reserves", commence BFS and permitting
• Porphyry Targets: Drill definition of key discovery

Undervalued

In summary...

• Company transforming transaction
  • assets in mineral rich districts of Philippines
  • large dominating camp scale exploration position (270 sq kms)
• Highly prospective gold resource projects
  • with further near term exploration and resource potential
• Luzon Island located in safe, friendly jurisdiction
• Established mining and exploration licences in place
• Existing cash reserves ($4m) to enhance acquired resources
• Strong board and highly skilled exploration team located in country
• Low EV/oz on a comparative basis.

Contact details

Neil Warburton, Executive Chairman & Acting CEO

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E: neil.warburton@redmm.com.au M: +61-408 935 014

Investor relations – Ronn Bechler

E: ronn.bechler@marketeye.com.au M: +61-400 009 774

Red Mountain Mining head office

Suite 1, 2 Richardson Street West Perth WA 6005 P: +61-8 9226 5668 F: +61-8 9486 8616 E: info@redmm.com.au W: www.redmm.com.au

Qualified Person statement

Mindoro's Resource Statements are NI 43-101 and JORC Compliant. Jon Dugdale, the CEO and a director of Mindoro Resources and a member of the AusIMM, is a Competent Person as defined by the JORC Code, has more than five years of experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he has undertaken, and has reviewed and verified the Mineral Resource statements contained in this news release.

Mindoro's exploration programs are prepared and/or designed and carried out under the supervision of Tony Climie, P.Geo., who is a Qualified Person as defined by National Instrument 43-101 and is a Competent Person as defined by the JORC Code, and who has reviewed and verified the pertinent disclosure of exploration related technical information contained in this news release. Mr Climie is an executive and a director of Mindoro and is a member of the Alberta Professional Engineers, Geologists and Geophysicists Association. Mr Climie has more than five years of experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he has undertaken. Mr Climie has consented to the release of the pertinent exploration related technical information in the form and context in which it appears.

Disclaimer

The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe such restrictions.

This presentation does not constitute, or form part of, an offer to sell or the solicitation of an offer to subscribe for or buy any securities, nor the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issue or transfer of the securities referred to in this presentation in any jurisdiction in contravention of applicable law. This presentation is not an offer of securities for sale in the United States, nor does this presentation constitute a prospectus or other offering document in the United States or any other jurisdiction in which it is being used. Securities may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended, or an exemption from registration there from.

In providing this presentation, Red Mountain Mining has not considered the financial position or needs of the recipient. Persons needing advice should consult their stockbroker, bank manager, solicitor, attorney, accountant or other independent financial and legal advisors. These statements are forward-looking statements. These forward-looking statements are not historical facts but rather are based on Red Mountain Mining's current expectations, estimates and projections about the industry in which Red Mountain Mining operates, and beliefs and assumptions regarding Red Mountain Mining's future performance. Words such as "anticipates", "expects", "intends", "plans", "believes", "seeks", "estimates" and similar expressions are intended to identify forward-looking statements.

These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond the control of Red Mountain Mining, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. Red Mountain Mining caution shareholders and prospective shareholders not to place undue reliance on these forward-looking statements, which reflect the view of Red Mountain Mining only as of the date of this presentation. The forward-looking statements made in this presentation relate only to events as of the date on which the statements are made. Red Mountain Mining will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this presentation except as required by law or by any appropriate regulatory authority.

Suite 1, 2 Richardson Street. West Perth, Western Australia, 6005 T +61 (08) 9226 5668 F +61 (08) 9486 8616 www.redmm.com.au