RED MOUNTAIN MINING LIMITED — Investor Presentation 2014

Jan 15, 2014

ASX ANNOUNCEMENT ASX:RMX 16 JANUARY 2014

CORPORATE PRESENTATION

Perth based Red Mountain Mining is pleased to provide the latest corporate presentation for the Company with planned drilling of high grade targets at Lobo and details of the recently announced proposed capital raising.

For further information about Red Mountain please visit www.redmm.com.au or contact:

Company Investors	Media
Jon Dugdale	Matt Birney
Managing Director	Birney Corporate
(+61) 402 298 026	(+61) 419 217 090
(+61) 8 9226 5668	(+61)8 9226 5668
E : jon.dugdale@redmm.com.au	E : matt@birneycorporate.com.au

About Red Mountain Mining Limited

Red Mountain Mining (ASX: RMX) is primarily a gold explorer and project acquisition company which listed on the ASX in September 2011. The Company's strategy is to unlock the potential of 'under-developed' gold and polymetallic projects in the greater Asian region by introducing Australian mining methods and improving efficiencies to gain significant production and exploration upside.

The Company holds direct and indirect interests in tenements in the Philippines that contain significant gold resources and several high-quality copper-gold prospects.

Total Mineral Resources at Batangas at a 0.85 g/t Au lower cut off include Indicated Resources of 2.76 million tonnes @ 2.3 g/t Au, 208,000 oz Au and Inferred Resources of 3.02 million tonnes @ 2.1 g/t Au, 200,000 oz Au for a total of 5.78 million tonnes at 2.2 g/t Au, 408,000oz Au (announced January 30th 2013, 2004 JORC). The Company is focussed on upgrading the Batangas resources through discovery of new, high grade, gold zones at Lobo (e.g. Japanese Tunnel, Pica, West Drift, Ulupong). The Company will continue exploration with the objective of increasing the size and grade of the Mineral Resources at Batangas and complete a scoping study to demonstrate the potential viability of a gold mining and processing project. Other gold opportunities will be reviewed on a continuous basis.

Competent Person Statement

The information in this report relating to Mineral Resources is based on information compiled by Mr Jon Dugdale who is a Fellow of the Australasian Institute of Mining and Metallurgy and has sufficient exploration experience which is relevant to the various styles of mineralisation under consideration 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'. Mr Dugdale is a full time employee and Managing Director of Red Mountain Mining Ltd. Mr Dugdale takes responsibility and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

ASX code: RMX COMPANY DIRECTORS CONTACT DETAILS Non-Executive Chairman Non-Executive Director Head Office Jon Dugdale Shannon Coates Unit 1, 2 Richardson Street

ABN 40 119568106 Neil Warburton Michael Wolley RED MOUNTAIN MINING LTD Managing Director Company Secretary West Perth Western Australia 6005 www.redmm.com.au info@redmm.com.au

January 2014

Exploring high-grade gold targets with a pathway to production

Disclaimer and Forward Looking Statements and Qualified Person Statement

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 forwardlooking 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.

The information in this report relating to Exploration Results, Exploration Targets and Mineral Resources is based on information compiled by Mr Jon Dugdale who is a Fellow of the Australasian Institute of Mining and Metallurgy and has sufficient exploration experience which is relevant to the various styles of mineralisation under consideration to qualify as a Competent Person as defined in the 2012 Edition (Exploration Results and Exploration Targets) and the 2004 Edition (Mineral Resources) of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Dugdale is a full time employee and Managing Director of Red Mountain Mining Ltd. Mr Dugdale takes responsibility and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Highlights: Batangas Gold Project

• Flagship Batangas Gold Project, ideal location 120km south of Manila in the Philippines, with established Mineral Resources on granted MPSA's (Philippines equivalent of Mining Leases)
• Exceptional High-grade surface gold results ready for drilling to increase the high-grade resource base
• Strong board and highly skilled exploration-development team with track record of discovery and development
• Scoping Study close to completion, targeting low cost, rapid start up cash-flow potential from outcropping, high-grade, resources

RMX Company Overview

Red Mountain Mining Ltd	ASX: RMX
Listed Shares	481,442,015
Listed Options RMXO 1.5c	140,678,999
Listed Options RMXOA3c	97,839,477
Unlisted Options ($0.20)	42,728,125	Share Price
Top 20 shareholders	49%
Share price(10th January 2014)	2.2 cps
MarketCapitalisation(@ 2.2cps)	$10.6 million
Cash on hand,December 31	$1million	Volume
Debt	Nil
Major Shareholders	Mindoro 21%Directors 3%

Experienced Board and Executive Team

• Board of Directors

Neil Warburton:	Chairman –Mining Engineer, former CEO of Barminco, 35yrs experience
	Barmincobecame the largest underground contractor in Australia under Neil
Jon Dugdale:	Managing Director –Geologist, discovery background + corporate, 26 yrsexperience
	Directly involved with the 1 million ounce Golden Gift discovery at Stawell, Victoria
Michael Wolley:	Non Executive Director –Senior Todd Corporation executive

• Operations

Geoff Boswell: Country Manager – Geologist, key Masbate feasibility & permitting role, 27 yrs exp. Largely responsible for taking Masbate from resource growth through permitting Filipino key staff : >10 years on projects, exploration and community relations expertise Key relationships at community and government to assist permitting

• Head Office Perth, W.A.
• Operations Offices Manila and Lobo (Philippines)

The Philippines: A Golden Opportunity

• US based system of Democratic government
• IMF growth projections 7% next 5 years
• Stable mining law and regulations.
  • New mining policy Executive Order 79 (2012) demonstrates commitment to sector
  • Exploration Permits moratorium lifted
  • Tampakan, world class Cu-Au, granted ECC
  • Fast track for mining approvals
• Well educated work-force, English speaking
• "World class" prospectivity for Gold & Cu-Au
• Mature mining industry, recent ASX listed, low op cost, gold and copper-gold developments:
  • Medusa Mining, Co-O ~80k oz pa
  • CGA Mining –> B2Gold, Masbate, >200k oz pa
  • Oceana, Didipio Cu-Au, in production

Batangas Gold Project: Mineral Resources

• 270km² land package covers entire epithermal gold field • Two key gold resource projects:

• Lobo high-grade gold lodes eg Medusa Co-o
• Archangel bulk tonnage gold eg Masbate
• Drilling to test high-grade Exploration Targets

*Note: Resource parameters in ASX release of 30th January 2013

Manila

Luzon

Batangas Gold Resources @ 0.85 g/t Au cut off (JORC)

Deposit	ResourceCategory	Tonnes	Au g/t	Au Oz	Ag g/t	Ag Oz
Archangel	Inferred	3,004,000	2.0	197,000	1.3	124,000
	Indicated	2,582,000	2.0	166,000	5.7	471,000
	*Total	5,586,000	2.0	363,000	3.3	595,000
Lobo (SWB)	Inferred	16,000	5.3	3,000	1.7	1,000
	Indicated	178,000	7.4	42,000	1.8	10,000
	*Total	194,000	7.2	45,000	1.8	11,000
	Total
	Inferred	3,020,000	2.1	200,000	1.3	125,000
Batangas	TotalIndicated	2,760,000	2.3	208,000	5.4	481,000
	*Total	5,780,000	2.2	408,000	3.3	606,000

*Note: JORC 2004 Resource parameters in ASX release of 30th January 2013

Lobo: Five Parallel Epithermal Gold Structures

05Apr.2013 8

BATANGAS PROJECTS

Map Area

Lobo SWB - Japanese Tunnel Compilation Map

Lobo SWB - Japanese Tunnel Longitudinal

Lobo, Southwest Breccia High-grade Lode

SOUTHWEST BRECCIA CROSS SECTION 10172N

MAP KEY

Batangas Gold, Lobo, Exploration Targets

Deposit	Tonnes		Au g/t		Au Oz
SWB –TR 7, TR 13	160,000	240,000	8.2	12.3	42,000	95,000
SW Breccia "Deeps"	80,000	120,000	5.8	8.6	15,000	33,000
Total	240,000	360,000	7.4	11.1	57,000	128,000

• The Pica Exploration Target is under review
• West Drift Mineral Resource estimation in progress
• The potential quantity (tonnage) and grade of the Exploration Target is conceptual in nature and there is insufficient exploration to estimate Mineral Resources and it is uncertain whether further exploration will result in the estimation of Mineral Resources.
• Initial Exploration Targets defined to 200m depth and open in all directions.

LOBO PROJECT: SWB-JAP TUNNEL TRENCH 7 CROSS SECTION

LOBO PROJECT: SWB-JAP TUNNEL TRENCH 13 SECTION

Offer Framework

Placement of 60,000,000 shares at an issue price of 1.7¢ to raise up to $1.02m.

Share Purchase Plan to be made available to shareholders to subscribe for up to $15,000 per shareholder capped at $700,000 and to be underwritten to $250,000.

Maximum total intended to be raised is $1.72m.

Indicative CapitalStructure	Number	RMXOOptions	RMXOAOptions	%	$ Raised
Existing Securities	481,442,016	140,678,999	97,839,477	82.6%	–
Placement	60,000,000	-	-	10.3%	$1.02m
SPP	41,176,471	-	-	7.1%	$0.70m
Total	582,618,487	140,678,999	97,839,477	100%	$1.72m

* There is also on issue 42,728,125 unlisted options.

The company has granted Patersons the right to underwrite the exercise of the Company's RMXO options at any time up until their expiry in June 2014, which if fully underwritten will raise an additional $2.1m

Use of Funds 2014:

Targets	Results to date
SWB –Trench 7		Trenching, 2m @ 31.1g/t Au, 3m @ 22.2 g/t Au
SWB -Trench 13	Trenching, 2.6m @ 28.6 g/t Au, 3m @ 6.16 g/t Au
Drilling Phase 1		24 holes	1,000m	$0.30m
Drilling Phase 2	36 holes	2,000m	$0.60m
Development Studies (Scoping to Feasibility)
Working Capital(6 months)				$0.60m
TOTAL (Februaryto July 2014)			$1.7m

Red Mountain Mining (RMX) Contact Details

Jon Dugdale, Managing Director E: jon.dugdale@redmm.com.au M: +61-402 298 026

Investor, Media relations, Matt Birney

E: matt@birneycorporate.com.au M: +61- 419 217 090

Red Mountain Mining Head Office Unit 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

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