STREAMPLAY STUDIO LIMITED — Investor Presentation 2018

Jan 16, 2018

ABN 31 004 766 376

GBG INVESTOR PRESENTATION

Release Date: 17 January, 2018

Arrowhead Resources Ltd (to be renamed 'Emerge Gaming Limited') (the Company) has prepared the attached investor presentation in respect of its acquisition of Gaming Battle Ground Pty Ltd (GBG).

The investor presentation has been changed from the version initially presented to investors by GBG to address questions raised through the review process by ASIC.

For further information, please contact: Michael Rosenstreich - Chairman Arrowhead Resources Limited

Phone: +61 08 9246 4483

// DISCLAIMER

This presentation has been prepared by Arrowhead Resources Limited (to be renamed Emerge Gaming Limited) referred to as the Company. It contains general information about the Company's activities current as at the date of the presentation. The information is provided in summary form and does not purport to be complete. This presentation is not to be distributed (nor taken to have been distributed) to any persons in any jurisdictions to whom an offer or solicitation to buy shares in the Company would be unlawful. Any recipient of the presentation should observe any such restrictions on the distribution of this presentation and warrants to the Company that the receipt of the presentation is not unlawful. It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation or any information, opinions or conclusions expressed in the course of this presentation.

This presentation is not a prospectus, product disclosure document or other offering document under Australian law or under any other law. It has been prepared for information purposes only. This presentation contains general summary information and does not take into account the investment objectives, financial situation and particular needs of any individual investor. It is not financial product advice and investors should obtain their own independent advice from qualified financial advisors having regarding to their objectives, financial situation and needs. The Company nor any of their related bodies corporate is licensed to provide financial product advice.

This presentation and information, opinions or conclusions expressed in the course of this presentation contains forecasts and forward looking information. Such forecasts, projections and information are not a guarantee of future performance, involve unknown risks and uncertainties. Actual results and developments will almost certainly differ materially from those expressed or implied.

You should not act or refrain from acting in reliance on this presentation, or any information, opinions or conclusions expressed in the course of this presentation. This presentation does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the prospects of Emerge Gaming Limited (EM1). You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation before making any investment decision. Recipients of this presentation must undertake their own due diligence and make their own assumptions in respect of the information contained in this presentation and should obtain independent professional advice before may any decision based on the information. No representation or warranty, express or implied, is made in relation to the fairness, accuracy or completeness of the information, opinions and conclusions expressed in the course of this presentation. To the maximum extent permitted by law, no representation, warranty or undertaking, express or implied, is made and, to the maximum extent permitted by law, no responsibility or liability is accepted by the Company or any of its officers, employees, agents or consultant or any other person as to the adequacy, accuracy, completeness or reasonableness of the information in this presentation. To the maximum extent permitted by law, no responsibility for any errors or omissions from this presentation whether arising out of negligence or otherwise is accepted. An investment in the shares of the Company is to be considered highly speculative.

This presentation and information, opinions or conclusions expressed in the course of this presentation should be read in conjunction with EM1's other periodic and disclosure announcements which will be made available on the Emerge Gaming Limited website and on the Australian Securities Exchange website.

On 8 January 2018, the Company released a replacement prospectus (Prospectus) for the offer of fully paid ordinary shares in the capital of the Company (Shares), a copy of which can be accessed from the Company's website at http://www.arrowheadresources.com.au/. All offers of Shares for the capital raising referred to in this presentation will be made in, or accompanied by, the Prospectus. Investors should consider the Prospectus in deciding whether to acquire Shares and any person who wishes to apply for Shares must complete the application form that is accompanied with the Prospectus.

THE ESPORTS INDUSTRY // WHAT IS ESPORTS?

Organised video game competitions involving: first person shooters multiplayer online battle arenas, real-time strategy, racing, fighting & sports

Think rockstar status athletes competing in front of sell-out arenas, being streamed to millions across the globe, competing for millions of dollars.

EMERGE GAMING // COMPANY SNAPSHOT

Emerge Gaming Ltd (ASX:EM1)

100% wholly-owns*

Gaming Battle Ground Pty Ltd

*This assumes completion of the acquisition and successful capital raising

INTRODUCTION // WHAT IS GAMING BATTLE GROUND?

Online eSports Tournament Facilitation Platform

Earn Rewards & Win Prizes

International Reach

eSports Marketing Solution for Brands

Hosted over 10,000 free-to-play online tournaments

Executive Management that understands eSports

GBG TECHNOLOGY // OUR UNIQUE IP

Automated Result Reporting*

Direct Publisher Integration*

Live Matchmaking

Internal Analytics Tracker

Ubiquitous Cross-platform Access (Device Agnostic)

Multiple Game Titles across all Platforms

*Subject to receipt of consents from game developers

GBG TECHNOLOGY // DIRECT GAME INTEGRATION

GBG TECHNOLOGY // TOURNAMENT PLATFORM & LEADERBOARDS

engaged by trying to improve their ranking and leapfrog their friends or enemies up the leaderboard

GBG TECHNOLOGY // MOBILE INTERFACE

Emerging markets provide the most signicant growth opportunity

• Majority of gamers are based in Emerging Markets
• Increasing internet penetration of population
• Increasing smart phone penetration
• Increasing gaming revenues
• Growing economies
• MLG (North America) & EGL (Europe)
• only well-established gaming leagues globally
• opportunity to establish emerging markets leagues
• Emerging markets will deliver signicant value when marketing metrics trend towards those of mature markets

COMMERCIALISATION // GAME OFFERINGS & REVENUE MODELS

EMERGE GAMING HAS MULTIPLE AVENUES TO GENERATE REVENUE

"The decision on which gaming model, or combination of gaming models, to apply when entering a specific country depends mainly on commercial feasibility, legal compliance, licensing requirements and market preferences."

* These proposed models are currently not yet in operation by Gaming Battleground

COMMERCIALISATION // GO-TO-MARKET STRATEGY

ESPORTS DIGITAL CONTENT AUTHORITY

USER ADOPTION & GROWTH STRATEGY

DIRECT DIGITAL MARKETING

INTERNATIONAL EXPANSION

CORPORATE PARTNERSHIPS

FINANCIAL ARCHITECTURE // EMERGE GAMING CAPITAL STRUCTURE

ASX Listed Entity: Emerge Gaming Limited | ASX Code: EM1 Public Offer: 250,000,000 Ordinary Shares @ AUD0.02c Options: 1 Option for every 4 Ordinary Shares subscribed Capital Raise Amount: AUD 5 million Market Capitalisation Post Public Offer: AUD 11.75million Enterprise Value: AUD 6.32million

USE OF FUNDS

Capital Raise Expenses:AUDOperations:AUD 1,950,000Business Development:AUDAUDDesign & Technology Application:General Working Capital:AUD	TOTAL USE:		AUD 5,120,000
			500,000
			750,000
			370,000
			590,000
	Sales & Marketing:	AUD	960,000

Emerge Gaming Limited (EG1)	Shares	Market Capitalisation- Undiluted	Options	PerformanceShares
Proposed - Post-Consolidation for Current Securities	136,593,577		136,593,577
Proposed Capital Raising	250,000,000	AU$ 5,000,000	62,500,000
Vendor & Advisory Securities	196,000,000		196,000,000	100,000,000
Director Shares to be issued	5,000,000
TOTAL (on a Post-Consolidation basis)	587,593,577	AU$ 11,751,868	395,093,577	100,000,000

GEOGRAPHICAL FOOTPRINT // WORLDWIDE PRESENCE

Technology & Development BULGARIA & CROATIA

SOUTH AFRICA

AUSTRALIA Corporate Head Office

INTERNATIONAL ROLLOUT COUNTRIES Operational Head Office

GREG STEVENS CEO & Executive Director

GBG Founder with 10 years' experience in gaming start-ups in USA. Former director of world-class esports development agency, collaborating with brands like Ubisoft, Blizzard & Activision

BERT MONDELLO Non-Executive Chairman

Experienced company executive across the private and public sectors. Substantial Equity Market and technology knowledge.

JONATHAN HART Non-Executive Director

Practising lawyer with a broad range of legal and corporate experience. Head of ASX compliance and corporate governance

PHILIP RE Non-Executive Director

Chartered Accountant and Corporate Advisor. Over 15 years' as Director and Company Secretary of ASX listed companies.

DEREK HALL Company Secretary

ASX listed CFO and company secretary. Chartered Accountant, Chartered Secretary and Fellow of the Financial Services Institute

RYAN BRAUER Head of Marketing

Marketing & Brand specialist with Information Design background and years of experience in poker, online gaming and sports betting platforms

LUKA CIGANEK CTO

Founder of GBG and serial entrepreneur focused on technology-driven startups.

IVANA BRECEK Head of Product

Startup founder and marketing consultant, with extensive experience in gaming markets

Bert Mondello [Proposed EM1 Chairman] bm@emergegaming.com.au

Gregory Stevens [Proposed EM1 CEO] gs@emergegaming.com.au

Corporate Advisors Hunter Capital Advisors (Pty) Ltd info@huntercap.com.au

Reviewing the Company's ASX announcements

• accessible from http://www.asx.com.au under the ASX code "AR1" [to be renamed "EM1" post-listing]