SUPERIOR RESOURCES LIMITED — AGM Information 2017

Nov 27, 2017

ADDRESS BY THE CHAIRMAN ANNUAL GENERAL MEETING 2017

I would like to commence Superior Resources Limited's 2017 Annual General Meeting by thanking everyone for attending.

Before moving on to the formal business of today's meeting, I would like to comment on some of the company's activities of the past 12 months and provide a brief update on current activities.

Mr Peter Hwang our Managing Director will provide a presentation to members following the formal part of the AGM.

As stated in my Letter to Shareholders that accompanied the Annual report, the financial year ending 30 June 2017 has presented Superior Resources Limited with, exciting opportunities, positive drilling results and additional challenges.

Highlights of the drilling results include the announcement of a maiden inferred mineral resource estimate for the Steam Engine Gold deposit amounting to 85,000 ounces of Gold.

Additional potential exists at the Steam Engine Gold Deposit to increase the resources along strike and at depth. Additional potential has been identified to increase the resource along the approximately two kilometre length of gold bearing lodes at the Steam Engine, Eastern Ridge and Southern Zone Lodes.

Drilling at the Greenvale Bottletree project resulted in the identification of wide zones of up to 150 metres of 0.2% to 0.3% copper confirming the potential for a large - scale zoned mineralised system over several kilometres.

The positive outlook and improvement in metal prices for zinc, copper, gold and cobalt has increased the international interest in our projects.

I believe that we have made considerable progress in this regard to advance the Company.

The Board continually seeks to engage with significant mining companies in order to create farm-in and joint venture arrangements for our projects.

Please note that progress will be continued on the Greenvale Copper Project and Mr Hwang's presentation will also provide an update on our other "Company Making" projects.

The company continues to actively seek and assess advanced project opportunities with a view of acquisition.

The Board continues to operate and manage the company with a cash conservation strategy and at the same time being focused on achieving progress in accordance with its corporate strategies.

We must ensure that capital is spent wisely and ore reserves must be discovered or acquired which is the essence of wealth creation in the resources industry.

The Board expects further improvements to the Company's market valuation and liquidity due to the quality of Superior Resources Limited's projects.

We look forward to advancing our projects and maximizing opportunities in the next 12 months.

I would like to take this opportunity to thank all shareholders for your continued support and we are committed to progressing the company for the benefit of all shareholders.

Thank you. Now to the business of the meeting.

Carlos Fernicola

CHAIRMAN