RED MOUNTAIN MINING LIMITED — Investor Presentation 2017

Mar 29, 2017

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Red Valley Lithium Brines Project: Drilling Commencing Mukabe-Kasari Cobalt Project: Due Diligence Commencing

March, 2017

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As at 1st MARCH, 2017:

• Shares on issue = 417,481,534

• Market capitalisation (at 3.0 cents) = $12.5 million

• Cash = circa $3 million

— includes recent injection of capital via oversubscribed

placement to sophisticated and professional investors

THE RED VALLEY PROJECT – UTAH

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Board of Directors

−Jeremy King

−Robert Parton

−Lincoln Ho

Corporate Advisor

−Xcel Capital

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Core focus on NEW ENERGY METALS & GOLD

Red Valley Lithium Brines Project Mokabe-Kasiri Cobalt-Copper Project (Utah, USA) (Katanga Province, DRC)

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• Red Valley Lithium Brines Project:

−Drilling of 3 Red Valley wells (expected commencement within 7 days)

• −Drilling updates (April/May)

−Drilling results of Red Valley (Q2 2017)

• Mokabe-Kasiri Cobalt-Copper Project:

• −Initial high-level assessment by CSA Global (April)

−Completion of DD and decision to proceed to phase 1 of earn-in (April)

−Phase 1 Earn-in commencement (if option taken): Q2 2017

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THE RED VALLEY PROJECT – UTAH

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• Clayton Valley, Nevada holds the FAMOUS Silver Peak Mine

• Owned by Albermarle Corporation (NYSE: ALB, MC = $11+ Billion)

• North America’s ONLY Lithium brine producer

• 50 years in production and COUNTING

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Lithium Brines operations are lower cost (Pablo Cortesego, SRK Consulting)

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• Red Mountain is chasing USA’s second CONVENTIONAL, ULTRA LONG-LIFE, LITHIUM BRINES PRODUCTION PROVINCE in a brand new territory

• 6,000 acre Red Valley land package now fully secured in western UTAH

• Drilling to commence, full brine analysis for commercial Lithium enrichment to follow

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A REMARKABLE Clayton Valley lookalike:

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• Drilling a total of THREE 1,000 foot RC wells, located at strategic locations across 6,000 ACRE HOLDING

• Estimated 25 day drilling programme

• Eastern holes to be drilled first (Holes 1 & 2)

• EXPERIENCED local drillers, Grimshaw Drilling, appointed as contractors

• ALS Life Sciences & WETLAB AS laboratories engaged for brine analysis

Red Valley drillhole locations

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Following in the footsteps of early stage lithium exploration at Clayton Valley

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OPEN HOLE ROTARY DRILLING

• swift and economic

• useful in determining:

— upper & lower limits of aquifers

— potential economic concentrations of lithium

— sedimentary patterns of aquifers & aquiperms

Rotary drill rig -- Clayton Valley

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• Water and drill chip samples to be collected at every 10 feet

• 1300+ bottles expected to be used for sampling

• 15 - 20 business day turnaround expected for laboratory analysis

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Collecting brines samples -- Clayton Valley

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Red Valley project boundary markers

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• Voted TOP 10 mining jurisdiction in the world, 2015

• BACKYARD OF TESLA, Faraday electric car plants in Nevada

• Tesla seeking to source lithium EXCLUSIVELY from North America

• Power, high-quality roads, workforce, rail, all on doorstep to project

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• Last year, RMX was FULLY FUNDED for ‘TRY BEFORE YOU BUY’ phase

1. DRILL

2. GET RESULTS

3. THEN, CHOICE TO ACQUIRE

• Recent injection of capital provides RMX ability to acquire major interest in Red Valley project AND fund follow-up work:

• 51% OF RED VALLEY PROJECT FOR US$250,000

• OPPORTUNITY TO EARN-IN UP TO 80% BY $$$ IN THE GROUND

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Bill Feyerabend (B.Sc Geology)

• Arizona-based certified professional geologist for over 40 years

• Vast experience within the global Lithium Sector

• Author of expert reports for Clayton Valley players:

• Lithium-X (mc: c$100m)

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On-site at the Red Valley Project

• Pure Energy (mc: c$52m)

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Brendan Borg (B.Sc Geology)

• Masters in Hydrogeology (2006)

• Director & Principal Consultant of Borg Geoscience

• Technical Consultant for a number of ASX-listed lithium companies

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Securing large land tenure footprint Performing required local archeological survey Lodge required drill permit applications Drill permit approval

Commencement of drilling on Red Valley ground Submit assays to independent laboratories Purchase of 51% on project (at RMX’s election)

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Mukabe-Kasari Cobalt Project (DRC)
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High Grade Cobalt Project

• Total project area comprising 350km[2]

• ~50km north of world famous Tenke Fungurume Cu-Co Mine

• ~110km north-west of Kolwezi Cu-Co Mine

• Good infrastructure -- roads, power & water

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THE RED VALLEY PROJECT – UTAH

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• Average grade of Co from analysis of unwashed grab samples between 3 - 7% Cobalt & 4 - 22% Copper

• Initial exploration work mainly pitting & trenching of 40+ holes

• Holes dug until ore body reached - vary between 10 to 23 metres from ground level

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• The DRC holds the

world’s largest supply source of cobalt

• Roughly 63% of global cobalt supply originates in the DRC

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• Attractive terms negotiated

• 6 week DD period, THEN option to earn-in

• CSA Global engaged to perform due diligence – HIGHLY EXPERIENCED in the region

• Staged deal terms provide OPTIONALITY for RMX

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THE RED VALLEY PROJECT – UTAH

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RMX

market capitalisation ~ $12 million

Red Valley Lithium Brines Project

Mukabe-Kasari Cobalt-Copper Project

• Opportunity to CONTROL next lithium brine province in USA

• 350km[2 ] in world class geo-metallic domain

• Large acreage position staked

• Scout drilling campaign imminent

• ~50km from world famous cobalt mine

• High cobalt grades

• Attractive deal terms

• DD before earn-in

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