Mine Gold. Create Value.

Denver Gold Forum, Colorado Springs, September, 2017 Presentation by Mr John Welborn, Managing Director & CEO

Important Notices and Disclaimers

Not an offer of securities

This presentation contains a summary of information about Resolute and its activities that is current as at the date of this presentation unless otherwise stated. The information in this presentation is general in nature and does not purport to be complete. This presentation does not contain all the information which a prospective investor may require in evaluating a possible investment in Resolute or that would be required in a prospectus or a product disclosure statement prepared in accordance with the Corporations Act 2001 (Cth) or any other offering document under Australian law or the securities laws of any other jurisdiction. This presentation does not constitute an offer, invitation or recommendation to subscribe for or purchase securities in Resolute Mining Limited (Resolute). This presentation is for information purposes only and is not an offer or invitation to acquire Resolute securities or any other financial products in any place. In particular, this presentation does not constitute an offer to sell, or the solicitation of an offer to buy, any Resolute securities in the United States.

Past and Future Performance and Forward-Looking Statements

Past performance information given in this presentation is for illustrative purposes only and should not be relied upon as an indication of future performance.This presentation includes certain forwardlooking statements, including statements regarding our intent, belief or current expectations with respect to Resolute's business and operations, market conditions, results of operations and financial condition, and risk-management practices. Words such as 'project', 'foresee', 'plan', 'expect', 'aim', 'intend', 'anticipate', 'believe', 'estimate', 'may', 'should', 'will' and similar expressions are intended to identify forward-looking statements. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements. Forward-looking statements are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. These statements relate to future events and expectations and are based on certain assumptions, which may prove to be incorrect. Forward-looking statements also involve known and unknown risks and significant uncertainties, many of which are outside the control of Resolute. Actual results, performance, actions and developments of Resolute may differ materially from those expressed or implied by the forward-looking statements in this presentation. Such forward-looking statements speak only as of the date of this presentation. There can be no assurance that actual outcomes will not differ materially from these statements. To the maximum extent permitted by law, Resolute and any of its affiliates and their directors, officers, employees, agents, associates and advisers:

I. disclaim any obligations or undertaking to release any updates or revisions to the information in this presentation to reflect any change in expectations or assumptions;
II. do not make any representation or warranty, express or implied, as to the accuracy, reliability or completeness of the information in this presentation, or likelihood of fulfilment of any forwardlooking statement or any event or results expressed or implied in any forward-looking statement; and
III. disclaim all responsibility and liability for these forward-looking statements (including, without limitation, liability for negligence).
IV. Nothing in this presentation will under any circumstances create an implication that there has been no change in the affairs of Resolute since the date of this presentation.

Mineral Resources and Ore Reserves

Recipients of this presentation outside Australia should note that it is a requirement of the Australian Securities Exchange listing rules that the reporting of ore reserves and mineral resources in Australia comply with the Australasian Joint Ore Reserves Committee Code for Reporting of Mineral Resources and Ore Reserves (the JORC Code), whereas mining companies in other countries may be required to report their ore reserves and/or mineral resources in accordance with other guidelines (for example, SEC Industry Guide 7 in the United States). Recipients should note that while Resolute's mineral resource and ore reserve estimates comply with the JORC Code, they may not comply with the relevant guidelines in other countries, and do not comply with SEC Industry Guide 7. In particular, SEC Industry Guide 7 does not recognise classifications other than proven and probable reserves and, as a result, the SEC generally does not permit mining companies to disclose their mineral resources, including indicated and inferred resources, in SEC filings. Accordingly, if Resolute were reporting in accordance with SEC Industry Guide 7, it would not be permitted to report any mineral resources, including indicated and inferred resources, and the amount of reserves reported by Resolute may be lower than its estimates. You should not assume that quantities reported as "resources" will be converted to reserves under the JORC Code or any other reporting regime or that Resolute will be able to legally and economically extract them. In addition, investors should note that under SEC Industry Guide 7, mine life may only be reported based on ore reserves. Mine life estimates in this presentation assume that a portion of non-reserve resources will be converted to ore reserves, which would not be permitted under SEC Industry Guide 7.

Important Notices and Disclaimers

Competent Person Statement

The information in this presentation that relates to the Exploration Results, Mineral Resources and Ore Reserves is based on information compiled by Mr Andrew Goode who is a member of the Australasian Institute of Mining and Metallurgy and Mr Bruce Mowat, a member of The Australian Institute of Geoscientists. Mr Andrew Goode and Mr Bruce Mowat both have more than 5 years' experience relevant to the styles of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person, as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Andrew Goode and Mr Bruce Mowat are full time employees of a subsidiary of Resolute and each hold equity securities in the Resolute. They have consented to the inclusion of the matters in this presentation based on the information in the form and context in which it appears. This information was prepared and disclosed under the JORC Code 2012 except where otherwise noted. Particular Reserves and Resources remain 2004 JORC compliant and not updated to JORC Code 2012 on the basis that that information has not materially changed since it was last reported.

Not Financial Product Advice

This presentation does not constitute financial product advice, investment, legal, taxation or other advice and is not intended to be used or relied upon as the basis for making an investment decision. This presentation is not a recommendation to acquire Resolute securities and has been prepared without taking into account the investment objectives, taxation situation, financial situation or needs of individuals. Before making any investment decision in connection with any acquisition of Resolute securities, prospective investors should consider the appropriateness of the information having regard to their own objectives, tax situation, financial situation and needs and seek financial, legal and taxation advice appropriate to their jurisdiction. To the maximum extent permitted by law neither Resolute nor its related corporations ,directors, employees or agents nor any other person accepts liability for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it. You represent and confirm by attending and or retaining this presentation that you accept the above conditions.

No Liability

The information contained in this presentation has been prepared in good faith by Resolute, however no guarantee, representation or warranty expressed or implied is or will be made by any person (including Resolute and its affiliates and their directors, officers, employees, associates, advisers and agents) as to the accuracy, reliability, correctness, completeness or adequacy of any statements, estimates, options, conclusions or other information contained in this presentation. No person other than Resolute is responsible for the preparation of this presentation. To the maximum extent permitted by law, Resolute and its affiliates and their directors, officers, employees, associates, advisers and agents each expressly disclaims any and all liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of or reliance on information contained in this presentation including representations or warranties or in relation to the accuracy or completeness of the information, statements, opinions, forecasts, reports or other matters, express or implied, contained in, arising out of or derived from, or for omissions from, this presentation including, without limitation, any financial information, any estimates, forecasts, or projections and any other financial information derived therefrom. Statements in this presentation are made only as of the date of this presentation unless otherwise stated and the information in this presentation remains subject to change without notice. No responsibility or liability is assumed by Resolute or any of its affiliates (or their directors, officers, employees, associates, advisers and agents) for updating any information in this presentation or to inform any recipient of any new or more accurate information or any errors or mis-descriptions of which Resolute and any of its affiliates or advisers may become aware.

Corporate Summary (ASX:RSG)

Resolute

Shares on issue	741,477,595			Share Price
Share Price	A$1.07
MarketCapitalisation	A$790M(US$627M)
Averagedaily volume	8.0M Shares	DUA
Cash,bullion, investments	A$290M (US$223M) at 30 Jun 2017	$
Debt	A$34M (US$26M) at 30 Jun 2017
FY18 Guidance	300,000oz gold production@ AISC A$1,280/oz(US$960/oz)
Dividend Policy	2% of annual gold productionoffered in gold or cash		ArgonautBaillieu Holst
SubstantialShareholders	ICM GlobalFunds20.43%Van Eck 8.97%	Analyst	Bell PotterCanaccordGenuityCitigroupEuroz
InstitutionalShareholders	Oppenheimer FundsIFMInvestorsBaker Steel Capital ManagersL1 CapitalInvestec Asset Management	Coverage	GlobalHartleysMacquarieMorganRFC Ambrian	Mining ResearchStanleyRBC Capital Markets

Argonaut	James Wilson
Baillieu Holst	Warren Edney
Bell Potter	Duncan Hughes
CanaccordGenuity	Patrick Chang
Citigroup	Trent Allen
Euroz	Jon Bishop
GlobalMining Research	David Cotterell
Hartleys	Paul Howard
Macquarie	Ben Crowley
MorganStanley	Brendan Fitzpatrick
RBC Capital Markets	Paul Hissey
RFC Ambrian	Jim Taylor

Long life, large scale assets A pathway to ~500koz annual production

Syama Gold Mine Mali, West Africa

Resolute has a successful history of >10 years at Syama

Targeting up to 250kozpa at AISC of US$881/oz

12 year mine life

Sublevel Cave (SLC) Underground

Mine of the Future

Ravenswood Gold Mine Queensland, Australia

A successful operating history of ~13 years at Ravenswood

Targeting up to 140kozpa at AISC of US$880/oz

13 year mine life

Ravenswood Expansion Project (REP)

Bulk-tonnage open pit mining

Bibiani Gold Mine

Ghana, West Africa

Resolute acquired the Bibiani Gold Mine in mid-2014

Targeting >100kozpa at AISC of below US$858/oz

Successful Phase 1 drilling program in 2014-2015

Initial 5 year mine life

Phase 2 drilling targeting >100kozpa for 10 years

Mine Gold. Create Value.

FY17 Results

Three years running…

Track record of strong operating performance

Achieved ✔ ✔ ✔

Increasing AISC margin

Active sales and lower costs deliver increasing AISC margin

Balance Sheet Strength

A financial turnaround driven by free cashflow generation

Increasing profits from operations

Strong operating performance reflected in financial results

Platform for Growth Transformation enables bold ambition

Resolute has mined more than 8 million ounces from 9 Gold mines in Australia and Africa
Operating expertise, build experience, and success in development
Strongest Balance sheet position in the Company's history
Large and growing resource base
Focus on technical excellence and innovation advantage
Unique skill set and reputation in Africa
Increased investment in exploration
Looking for value generating acquisition opportunities
Building a portfolio of Resolute Gold Mines

Syama Gold Mine Operation Highlights

FY17 Operating Performance

	Ore Mined(t)	Ore Milled(t)	Head Grade(g/t)	Recovery(%)	Total Production(Gold oz)	AISCA$/oz
Syama Sulphide	1,215,153	2,106,371	2.59	69.8	136,000	1,001
Syama Oxide	1,319,596	1,340,097	2.84	83.2	101,830	960
Syama Total	2,534,749	3,446,468	2.68	75.3	237,830	984

FY18 Production Guidance

	Gold Production(oz)	AISC(A$/oz)	AISC(US$/oz)
Syama Sulphide	130,000	1,050	788
Syama Oxide	90,000	1,260	945
Syama Total	220,000	1,140	855

Syama Gold Mine Overview

5.9Moz Total Resource 2.9Moz Total

Reserve

12 Year Underground Mine Life

US$881/oz LOM AISC - Underground

Syama Underground

A world class sublevel cave in the making…

A major gold discovery at Syama Game changing new discovery at Nafolo

Adjacent to 8Moz Syama Deposit
Potential to transform Syama operation
Untested to the south and at depth
All drillholes to date have intersected gold mineralisation
Remains open in all

A world class opportunity 10Moz and counting, 80km of strike untested below ~200m

Resolute controls an 80km strike length of the 10Moz Syama shear zone
Majority of exploration to date has been focused on shallow oxide open pit orebodies
Significant exploration upside below current open pit designs extending high grade shoots at depth
World class tenure covering an underexplored belt already yielding a number of multi-million ounce orebodies

Syama Gold Mine One of Africa's premier gold mines

Randgold	Acacia	Centamin	Newmont	Resolute	Randgold
Kibali	Bulyanhulu	Sukari	Ahafo	Syama	Loulo
19.7Moz	18.7Moz	12.9Moz	10.4Moz	10.0Moz	9.9Moz
Goldfields	AngloGold	Goldfields	AngloGold	Iamgold	Randgold
Tarkwa	Geita	Damang	Iduapriem	Essakane	Gounkoto
9.1Moz	7.3Moz	6.0Moz	5.6Moz	5.1Moz	4.8Moz

Ravenswood Gold Mine Operation Highlights

FY17 Operating Performance

	Ore Mined	Ore Milled	Head Grade	Recovery	Total Production	AISC
	(t)	(t)	(g/t)	(%)	(Gold oz)	A$/oz
FY17 Actual	2,366,159	1,995,293	1.54	93.1	92,004	1,406

FY18 Production Guidance

	Gold Production	AISC	AISC
	(oz)	(A$/oz)	(US$/oz)
FY18 Production Guidance	80,000	1,520	1,145
LOM Average Annual
Production	123,500	1,166	872

Ravenswood Gold Mine Overview

AISC

US$880/oz LOM

13 Year

Mine Life

+120kozpa Production LOM Average

Ravenswood Expansion Project (REP)

Current status and continuous improvement

Current status:

13 year mine life, 1.8Moz in reserves
Processing plant capacity of 5Mtpa
Currently operating at 2.8Mtpa from Mt Wright (underground) and Nolans East (open pit)
Re-opening two open pits:
- Buck Reef West: 524koz reserve (18.3Mt @ 0.9g/t Au)
- Sarsfield: 1.17Moz reserve (47.1Mt @ 0.8g/t Au)
Received environmental and heritage approval to re-commence open pit mining at Sarsfield

Continuous improvement:

Owner operator, larger equipment potential to drive lower mining costs
Beneficiation of low grade ore (0.3-0.7g/t Au) providing additional production ounces and mine plan flexibility
Drill testing high grade underground mining potential at Buck Reef Deeps
Satellite high grade brownfields exploration upside potential

Sarsfield and Buck Reef West

Two large scale, bulk tonnage open pits

AISC

US$858/oz LOM 1.8Moz Total Resource 0.6Moz Total 1.2Mtpa Reserve

Mining Rate

9 months Timeline to production

Bibiani Gold Mine Phase 2 drilling success

A substantial gold deposit:
- Production to date of >4Moz
- 1.8Moz Total Resource
Phase 2 drilling underway to upgrade inferred resources to an indicated category
Phase 2 drilling has intersected mineralisation better than the inferred resource predicted
Currently drilling to extend mine life beyond the initial five years
Targeting 100kozpa, 10 year

Looking for New Opportunities

Africa: the future is gold

Exploration for growth

Exploring to expand the business, not stay in business

$0 $5 $10 $15 $20 $25 $30 $35 $40 FY15 FY16 FY17 FY18 Egypt Tanzania Ghana Côte d'Ivoire Mali Democratic Republic of the Congo

Exploration Expenditure

Exploration Exploring and developing world class tenure in Africa

Active drilling programs in Mali, Ghana, Côte d'Ivoire & Queensland

Exploring

6,600km2

across Australia & Africa

of prospective tenure