RESOLUTION MINERALS LTD — Investor Presentation 2020

Nov 10, 2020

11 November 2020

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Noosa Exploration Conference Presentation

The 2020 Noosa Mining & Exploration Investor Conference provides an opportunity for investors to see a snapshot of Resolution’s flagship 64North gold Project in Alaska and Resolution’s 2[nd] major project, the Wollogorang copper Project in the Northern Territory, Australia.

Resolution Minerals’ own Managing Director, Duncan Chessell presentation is titled, "Hunting Big Targets, in Big Country! Gold in Alaska and Copper in Northern Territory”.

The 10 minute video of the presentation is available from Resolution’s website. https://www.resolutionminerals.com/investor-center/noosa-mining-presentation-november-2020/

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Drilling recommenced November 2020 at the “Central Zone” of the Aurora Prospect adjacent to the world-class, high-grade 11M oz Pogo Gold Mine and the Goodpaster Prospect owned by ASX listed Northern Star Resources Ltd.

CAPITAL STRUCTURE

BOARD

Ordinary Shares Issued 279 M

Options and rights Listed options 6.1 M @ 10c Listed options 74.4 M @ 12c Unlisted options 12.3 M @ 25c Unlisted options 13.4 M @ 6c Unlisted rights 7.5 M

Performance Shares Class A 9.6 M Class B 3.6 M Last Capital Raise August 2020 - Placement & SPP $5.1M @ 7c

Len Dean - Chair Duncan Chessell - MD Andrew Shearer - NED Craig Farrow - NED Jarek Kopias - Co Sec

Level 4, 29-31 King William Street, Adelaide SA 5000

Hunting Big Targets, in Big Country! Gold in Alaska and Copper in NT

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CORPORATE SNAPSHOT

Duncan Chessell - Managing Director Geologist, 20+ years experience in business and oil, gas and mineral exploration (gold, battery and base metals) with gold discovery success in Australia and project generation in Papua New Guinea. Expert in remote & cold weather logistics, triple Mt Everest summits. Currently also Non-Executive Director of the Outdoor Education Group.

Len Dean - Chairman

Non-Executive; Metallurgist, experienced ASX Chairman, BHP Marketing Director Iron Ore and Group General Manager Minerals Marketing. MD of India’s largest listed Iron Ore Company. Over 45 years industry experience.

Andrew Shearer - Director Non-Executive; Geophysicist with a technical and corporate background as resource analyst. Currently also a Non-Executive Director of Andromeda Metals (ASX:ADN), Investigator Resources (ASX:IVR) and part-time Executive Director of Okapi Resources (ASX:OKR).

Craig Farrow - Director

Non-Executive; Accountant with a strong commercial acumen across multi sectors including agriculture and telecommunications. Previous Directorships include Vocus Group (ASX:VOC) amongst others.

Technical Team Resolution Minerals Ltd

Christine Lawley - Exploration Manager Christine has 15 years’ mineral exploration experience in gold, base and strategic metals with Newmont, Musgrave Minerals and Iluka and holds a Masters Degree in Ore Deposit Geology. Before joining RML Christine was consulting for 5 years in Australia to multiple ASX listed companies on greenfield projects. Christine leads a combined North American and Australian 64North Project technical team and as well as overall Exploration Manager for Resolution in a full-time capacity.

Kelvin Blundell - Consulting Geophysicist Sandfire’s consulting geophysicist for the significant DeGrussa Cu-Au massive-sulphide discovery with 20 years experience in Australia, Canada and Africa.

Capital Structure 6 November 2020 Ordinary Shares (ASX:RML) 279m Market Capitalisation (A$) – 4.4 cents (6/11/2020) $12.3m Cash (A$) (30 Sep 20) (last quarterly report) $4.6m Enterprise Value (A$) $8m Listed Options $0.10/sh, expire 30/6/22 (ASX:RMLOA) 6m Listed Options $0.12/sh, expire 30/9/23 (ASX:RMLOB) 74m Unlisted Options $0.25/sh, expire 6/9/21 (5.8m) & 21/3/21 (6.5m) 12.3m Unlisted Options $0.06/$0.08/$0.10/sh, expire 30/11/22 13.4m Unlisted performance rights 7.5m Performance Shares - Class A (milestones on Wollogorang project) 9.6m Performance Shares - Class B (milestones on Wollogorang project) 3.6m $12m Market Cap $4.6M cash last ¼

History Listed on the ASX September 2017 as Northern Cobalt (ASX:N27) on the Stanton Cobalt Deposit, Wollogorang Project in the Northern Territory (Australia). 2018 focussed on adding tonnes of Cobalt resources within 15km of the Stanton Deposit and identified numerous Copper prospects. Cobalt price fell to 1/3rd - project put on review. 2019 Acquired the V-Fe Snettisham Project in Alaska on strong demand for Vanadium, but as the Vanadium price returned to long term trend exploration halted. Late 2019 a change of management and direction to GOLD exploration focussed on the 64North Project in Alaska during 2020, surrounding the world-class Pogo Gold Mine owned by $16B market cap Northern Star. Late 2020 a review of 2nd and 3rd order Cu, Au, Co, V-Fe projects and narrowing of strategic direction to Gold and Copper.

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ALASKA TINTINA GOLD PROVINCE – GIANT GOLD DEPOSITS!

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Resolution’s 64North Project

• Surrounds the high-grade worldclass 11Moz Au Pogo Gold Mine owned by $16B market cap Northern Star (ASX:NST).

• Drilling now at Aurora Prospect following up 7m thick Pogo-style quartz vein from last program.

• Road access drilling year-round

• 4 year US$20m earn-in to 60% with conditional pathway to 80%.

• Met the 1[st] year earn-in requirement of US$5m

Deposit sizes stated as Endowment (Resources & Reserves + Historic Production), from Company websites, as listed on disclaimer slide

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64NORTH PROJECT, ALASKA – POGO TREND NORTH PROJECT, ALASKA – POGO TREND
Pogo Trend Includes:
High-grade •
Pogo-style West Pogo Block (RML)
targets • Goodpaster (NST)
•
Pogo Gold Mine (NST)
•
East Pogo Block (RML)
•
Tibbs Project (Tectonic)
Intrusion Hosted Includes:
•
Brink Project (NST)
•
E1 Prospect (RML)
RML 64North Project
Intrusion Hosted Fort
•
Knox style Target 31 Prospects
•
3 High Priority Drill
Prospects; Aurora,
Boundary and E1
•
Currently Drilling Aurora
un-explored !
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64NORTH PROJECT, ALASKA – POGO TREND NORTH PROJECT, ALASKA – POGO TREND

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AURORA TARGETING - POGO GOLD MINE STACKED QUARTZ LODES

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High grades zones within the quartz lodes. Historical early drilling only 1 in 3 holes hit “high grade” - must be persistent.

Pogo Gold Mine has produced 4M oz @ 13.6 g/t Au at 300,000 oz Au / year Quartz veins are often stacked sets, 1-10m thick with <3% sulphides and Au-Bi-As-Te path-finder elements. HIGH GRADE often multi-ounce!

Image sourced from Northern Star Resources (NST) website Diorite Looking north, main L1, L2 (“Liese”) lodes with diorite intrusion (pink) East Deep circled in Red – has large grade variation within the quartz vein

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WEST POGO - AURORA PROSPECT – HOLE #7 (20AU07)

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Hole#7 (20AU07) Quartz vein with fuchsite and sulphides - arsenopyrite, pyrite, pyrrhotite (did not carry Au grade)

• Pogo-style 7m thick quartz vein hole #7.

Thick, flat lying quartz vein demonstrates the right structural setting to create space and focus fluids (dilational zone) but not significant mineralisation.

Maximum grade intersected Aurora Prospect 1.59g/t Au HoleID:20AU01, with typical Pogo Au-As-Bi-Te pathfinder elements.

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WEST POGO BLOCK, AURORA PROSPECT

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Current $21m resource
drill out underway by NST
Hole #7 – 7m thick
Pogo quartz vein
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Current RML drilling
Central Zone
Aurora Prospect
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• Aurora Prospect is a look-a-like Geophysical signature to NST Goodpaster Prospect which is undergoing a $21M resource drill out.

• ZTEM survey flown across West Pogo , and NST’s Goodpaster Prospect.

• ZTEM defined an anomaly coincident with Goodpaster Prospect and defined anomalies at West Pogo.

• 5,000m of Diamond Core drilling (in 2020).

• 7[th] drill hole had a significant success intersecting a flat lying, 7m thick, sulphide bearing quartz vein, hosted in paragneiss in the 1500m x 750m Central Zone – Aurora Prospect.

• Drilling ongoing at Central Zone to identify high grade zones.

• All-year road access to Aurora Prospect allows for drilling through winter.

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EAST POGO BLOCK, BOUNDARY PROSPECT

• High-grade Pogo-style Boundary Prospect targets • On the “Pogo Trend” between Pogo Mine and the Tibbs Project

•

• Historic high grade intersections up to 35g/t Au

• Historic drilling occurred prior to any geophysics!

2020 Field Program

• ZTEM and CSAMT geophysics surveys ID new targets

• Structural analysis

• Rock chips and soils

• Assays pending

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EAST POGO BLOCK, BOUNDARY PROSPECT – 2020

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0.5m @ 24g/t Au
and 0.1m@ 25g/t Au
Hole: BND00-04
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2020 CSAMT and ZTEM survey results to be extremely positive given;

ü Known mineralisation ( 35g/t Au ) coincides with a resistivity response consistent with Pogo-style.

• ü The right host rocks (paragneiss)

ü

• The right structural setting (thrusts) to create dilation space for pogo-style

ü New targets, large scale potential

ü Assays pending , rock chips and soils

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E1 PROSPECT – LOCATION & SCALE

• Large-scale intrusion hosted gold potential of Fort Knox style & Brink Project style • Historic drilling up to 14g/t Au (EA04-08) • 40km[2] geochem footprint 2020 Field Program • Intrusion is 5x size of Airborne magnetics survey Fort Knox Mine ! • Structural 3D analysis • Trail constructed • Trenching 4 x 200m • Assays pending

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CORRIDOR OF BASE METAL GIANTS – NT/QLD, AUSTRALIA

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Wollogorang Copper
Project (RML)
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Resolution’s Wollogorang Project, Northern Territory - Australia

• Highly prospective for Copper in the McArthur Basin, 100% owned

• • Stanton Cobalt Deposit

• 3,825 km[2] on the “Base Metals Corridor” recently identified by Geoscience Australia on the

– “170km LAB line” high prospectivity Neighbourhood of world-class base metal deposits

Ø McArthur River Mine, Mt Isa, George Fisher, Ernest Henry, Century, lessor Walford Creek and Redbank deposits Major and mid-tiers active in the area Ø Rio, BHP, South32, Newcrest, Teck, OzMinerals, Glencore

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INVESTMENT HIGHLIGHTS – ASX : RML

Resolution Minerals

• Focussing on exploration for Gold and Copper of significant scale potential in top tier jurisdictions.

• • Flagship Gold Project, the 64North Project , Tintina Gold Province Alaska, home to Giant Gold Deposits.

• Currently drilling next to Northern Star’s Pogo Gold Mine on the Aurora Prospect – following up recent 7m thick intersection of Pogo-style quartz vein – on the verge of major breakthrough?

• o Compelling East Pogo, Boundary Prospect drill targets for testing 2021 on the Pogo trend o Strong pipeline of Drill prospects - Aurora, Boundary and E1 o 1[st] year earn-in spend of US$5m completed

• 2020 significant spend on track construction, 5000m of diamond drilling and acquisition of geophysics to spring-board drilling programs for 2021 - with well defined drill targets !

• –

• Second Major Project Wollogorang Project, NT Australia o Prospective for copper as defined in RML’s 2018 cobalt exploration o Drill ready IP targets, large scale sedimentary hosted mineralisation system targeted o Located on Geoscience Australia’s newly identified 170km LAB line of base metal prospectivity

Active drilling program now! and well set for a successful 2021

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DISCLAIMER, JORC INFORMATION & COMPETENT PERSONS STATEMENT

This presentation has been prepared by Resolution Minerals Ltd (Resolution). This document contains background information about Resolution current at the date of this presentation. The presentation is in summary form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this presentation. This presentation is for information purposes only. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sales of shares or other securities in any jurisdiction. This presentation is not a prospectus, product disclosure statement or other offering document under Australian law (and will not be lodged with the Australian Securities and Investments Commission (ASIC)) or any other law. This presentation does not constitute investment or financial product advice (nor tax, accounting or legal advice) and has been prepared without taking into account the recipient’s investment objectives, financial circumstances or particular needs and the opinions and recommendations in this presentation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities involve risks which include (among others) the risk of adverse or unanticipated market, financial or political developments. To the fullest extent permitted by law, Resolution, its officers, employees, agents and advisors do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this presentation. No responsibility for any errors or omissions from this presentation arising out of negligence or otherwise are accepted. This presentation may include forward-looking statements. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of Resolution. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward-looking statements in this presentation speak only at the date of issue of this presentation. Subject to any continuing obligations under applicable law, Resolution does not undertake any obligation to update or revise any information or any of the forward-looking statements in this presentation or any changes in events, conditions, or circumstances on which any such forward looking statement is based. JORC Information

Company is not aware of any new data or information that materially affects the information included in the announcements listed below. This report includes results that have previously been released under JORC 2012 by the Company “Binding agreement earning 80% of Gold Project in Alaska” on 17 October 2019, “2019 AGM Managing Director’s Presentation” on 26 November 2019, “Exploration Update - 64North Project Alaska” on 14 May 2020, “Drilling Update - 64North Project Alaska” on 24 June 2020, “Investor Presentation - Noosa Mining Virtual Conference” on 13 July 2020, “Drilling Commenced at Reflection Prospect - 64North” on 25 August 2020, “Assays and Operations Update 64North Project Alaska” on 10 September 2020, “Boundary Prospect Results at Pogo Trend - 64North Project” on 24 September 2020, “Drilling Results West Pogo Block – 64North Project, Alaska” on 29 September 2020 and “Quarterly Activities and cashflow Report 30 September 2020” on 30 October 2020.

Competent Persons Statement

The information in this report that relates to Exploration Results is based on information compiled by Mr Duncan Chessell who is a member of the Australasian Institute of Mining and Metallurgy and Australian Institute of Geoscientists. Mr Chessell is a Director and full-time employee of the company. Mr Chessell holds Shares, Options and Performance Rights in the Company as has been previously disclosed. Mr Chessell has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Duncan Chessell consents to the inclusion in the report of the matters based on his information in the form in which it is appears.

Ownership structure 64North Project: Vendor Millrock Resources TSXV:MRO, 4 year earn-in US$5m/yr and JV agreement to earn 60% interest, with pathway to earn up to 80% on a “best block”. Mandatory exploration spend $1M / year outside West Pogo Block. A one-off grace period of 6 months allowed through the term of the earn-in (ASX:N27 17/10/19).

Ownership structure of Wollogorang Project: 100% owned unencumbered. Tintinta Gold Province Map – source of data: Pebble (Northern Dynasty, www.northerndynastyminerals.com), Pogo (Northern Star Resources,

www.nsrltd.com), Fort Knox (Kinross, www.kinross.com), Donlin Creek (NovaGold, www.novagold.com), Livengood (International Tower Hill Mines,

www.ithmines.com), Eagle & Dublin Gulch (Victoria Gold Corp, www.vgcx.com), Brewery Creek (Golden Predator, www.goldenpredator.com), White Gold (White Gold Corp, whitegoldcorp.ca), Coffee (Newmont, www.newmont.com), Kensington (Coeur Mining, www.coeur.com).

Additional details including JORC 2012 reporting tables, where applicable can be found in the following relevant announcements lodged with the ASX and the

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CONTACT

Authorised for release by Duncan Chessell Managing Director Resolution Minerals Ltd +61 8 6118 7110

ASX:RML

info@resolutionminerals.com Level 4, 29-31 King William Street Adelaide SA 5000, AUSTRALIA www.resolutionminerals.com

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