CORPORATE UPDATE

FEBRUARY 2019

Page 2

COMPANY SNAPSHOT

SENEGAL

CAMEROON

✓ Earning-in to early-stage gold exploration in Cameroon

✓ Advanced exploration at Dalafin gold project in Senegal funded up to US$8M by major mining partner IAMGOLD

✓ A number of interests and royalties in companies operating throughout Africa and Turkey

✓ Assessing new opportunities in both regions

✓ Strong technical and corporate management team with proven track record

AIM-listed exploration company, operating in Africa and Europe

Royalties/investmentsProjects

Page 3

EXPERIENCED MANAGEMENT TEAM

TIM LIVESEY CEO▪ Geologist with three decades’ experience in gold and base metals, with a focus on Africa, Europe and Asia

▪ Broad range of experience in management, exploration, advanced project development, stakeholder engagement, and government relations

▪ Strong track record of delivery, both at the technical and commercial level within senior roles including exploration manager (Eurasia) for Barrick Gold Corp., project director (and later CEO) of Tethyan Copper Company Pty Ltd, Pakistan, COO of TSX.V-listed Reservoir Minerals Inc. and Managing Director of Rakita Exploration d.o.o., Serbia

JOHN MCGLOIN Non-Executive Chairman▪ Geologist and graduate of Cambourne School of Mines

▪ Worked for many years in the mining industry before moving into consultancy

▪ John served as the Chairman and CEO of Amara Mining plc until 2016 when it was sold for US$85m

▪ He is currently a non-executive director to Caledonia Mining Corporation plc and to Perseus Mining Limited

BOB SMEETON CFO▪ Trained as a chartered accountant with Price Waterhouse, qualifying in 1992, and has a BSc in Geography from Durham University

▪ Extensive experience of working for AIM-quoted companies, where he has been heavily involved in turnaround situations, fund raisings and acquisitions

▪ Previously Group Finance Director of AIM-quoted Universe Group plc and its main trading subsidiary, HTEC Limited

DAVID PELHAM Independent Non-Executive Director▪ Mineral geologist with over 35 years global exploration experience.

▪ He has overseen the discovery and early evaluation of multiple deposits, including +6Moz Chirano Gold Mine in Ghana and Hummingbird’s 4.2Moz Dugbe gold deposit in Liberia

▪ Non-executive director to AIM-quoted Cora Gold Ltd since May 2017.

Page 4

(Image here)

DALAFIN PROJECT, SENEGAL

Covering 472.5 sq km highly-prospective Kédougou-Kéniéba gold belt in eastern Senegal

Main Gold Deposits

Eburnean granitoids

Tarkwaian sedimentary

Birimian volcanic rocks

Birimian sedimentary rocks

Archean basement

Archean greenstones

1André-Mayer et al., 2015. Mineral Resources in a Sustainable World.

Faré

MadinaBafé

Saroudia

Baytilaye

Konkonou

DALAFIN

Page 5

(Image here)

Oriole’s work to date has focused on the Faré and Madina Bafé prospects

DALAFIN PROJECT, SENEGAL

1Announcement dated 2 September 2013, 2Announcement dated 1 March 2018

85% equity in JV company - partnership with local company EMC

Initial 33,400 m RAB/AC drilling programme intersected multiple mineralised zones1

Follow-up drilling has identified Faré and Madina Baféas being the most prospective areas

Highly respected international exploration and development company - three operating mines in West Africa

Spending US$4M on exploration over 4 years to acquire 51% - option to increase to 70% for further US$4M over 2 years2

Initial focus on Madina Bafé – within 10km of its Botoproject

IAMGOLD earning-in to 70% by spending up to US$8M

Kofi (1.2Moz)

Loulo(9.5 Moz)

Gounkoto(3.0 Moz)

Fekola(4.2Moz)

Boto(2.5 Moz)

SENEGAL

MALI

GUINEA

Baytilaye

Konkonou

Faré

Saroudia

Madina Bafé

DALAFIN

BOTO (IAMGOLD)

Page 6

Feasibility Study complete - mine permitting underway1,2

Robust project economics:

Environmental Permit received October 2018

Mining permit approval expected H1-19

IAMGOLD’S NEIGHBOURING BOTO PROJECT

1www.iamgold.com Third Quarter 2018 Results presentation 7 November 20182www.iamgold.com Press release dated 22 October 2018

Reserve/Resource 1.9Moz Probable / 2.5Moz Measured & Indicated

Post-tax NPV5% /IRR US$261m / 23%

Payback 3.4 years

LOM 12.8 years

Annual production 140koz Au over LOM, 160koz Au in first 6 years

Initial CAPEX / AISC US$254m / US$753/oz

Page 7

1Announcement dated 11 August 20152Announcement dated 16 July 2014

MADINA BAFÉ PROSPECT, DALAFIN PROJECT

(Image here)

2013-2015: Oriole confirmed mineralisation hosted by sheeted tourmaline-quartz vein and quartz-tourmaline breccias1

1.2km

9.6m @ 16.08 g/t Au & 1.5m @ 2.84 g/t Au

(MBDD-002)2

6m @ 0.86 g/t Au & 4m@ 1.40 g/t Au

(MBT-005)

1.2m @ 1.14 g/t Au (MTB-003)

Trenching over key RAB anomalies defined 30-45m –wide mineralised zone over 1.2km in the SE

RC and DD drilling returned excellent intersections

Page 8

1Announcement dated 25 October 2018

MADINA BAFÉ PROSPECT, DALAFIN PROJECT

0.23 g/t Au

0.21 g/t Au

0.66 g/t Au

2.48 g/t Au

Artisanal Mining Site:4.11 g/t Au, 1.2 g/t Au

& 0.59 g/t Au

2018: IAMGOLD completed 2,428m systematic air core (AC) drilling in H2 – multiple new gold anomalies defined1

1.5km

1.5km WNW-trending anomaly in SE intersects the previously defined NE-trending zone -coincident bismuth and molybdenum anomalism

0.4km gold anomaly c.2.5km SW of artisanal site – on parallel structure

0.25 g/t Au

0.4km

Page 9

1Announcement dated 6 December 2018

3,000m reverse circulation (RC) and 500m diamond (DD) drilling underway to test the lateral and depth extension of three main zones1

MADINA BAFÉ PROSPECT, DALAFIN PROJECT

1.5km

1.5km WNW-trending anomaly in SE as defined by AC drilling

Artisanal mining site – intersection of NE-trending shear with an E-W structure

0.4km NE-trending anomaly defined by AC drilling - parallel to NE-shear that transects the artisanal site

Results anticipated Q1-2019

Artisanal Mining Site:4.11 g/t Au, 1.2 g/t Au

& 0.59 g/t Au

Page 10

Tabakoto(3.4 Moz)

Loulo(9.5 Moz)

Gounkoto(3.0 Moz)

Fekola(4.2Moz)

Boto(2.5 Moz)

SENEGAL

MALI

GUINEA

Baytilaye

Konkonou

Faré

Saroudia

Madina Bafé

DALAFIN

Kofi (1.2Moz)

BOTO (IAMGOLD)

DALAFIN PROJECT – WIDER POTENTIAL

IAMGOLD currently focused on Madina Bafé

Multiple further zones of high-grade gold anomalism identified, notably at Faré c.50km NNW

IAMGOLD exploration earn-in agreement covers the entire licence

3m @ 10.47 g/t Au; 96m @ 1.51 g/t Au; 19.5m @ 1.08 g/t Au; 7m @ 86.39 g/t Au; 7m @ 1.64 g/t Au; 23.5m @ 1.41 g/t Au

Prospect RAB/AC drilling RC/diamond drilling

Faré 174 AC holes for 5,522m 79 RC holes for 6,022m2 RCDD hols for 534.5m29 DD holes for 4,260.25m

Konkonou 104 AC holes for 2,370m27 RAB holes for 657m

-

Baytilayé 552 RAB holes for 8,834m 5 DD holes for 566.2m

Saroudia 338 RAB holes for 7,327m 4 RC holes for 380m

2km >30ppb gold-in-soil anomaly

4m @ 0.73 g/t Au & 3m @ 0.71 g/t Au

Page 11

FARÉ PROSPECT, DALAFIN PROJECT

(Image here)

Faré South

extension

Faré North

Faré South

6.43km

1Announcements dated 18 December 2013 and 19 February 2014

2013: RAB/AC drilling defined gold-soil-anomalism over more than 6km strike1

Page 12

(Image here)

FARÉ PROSPECT, DALAFIN PROJECT

Faré South

extension

Faré North

1Announcements dated 18 December 2013 and 19 February 2014

2013 to 2014: follow-up RC and DD drilling on previous AC results confirmed anomalism1

7m @ 86.39 g/t Au (FARC-007)

96m @ 1.51 g/t Au (FADD-004)

19.5m @ 1.08 g/t Au (FADD-021)

7m @ 1.64 g/t Au (FADD-013)

23.5m @ 1.41 g/t Au (FADD-023)

3m @ 10.47 g/t Au (FADD-002)

6.43km

Faré South

Page 13

BIBEMI & WAPOUZÉ, CAMEROON

Earning-in to 90% of two highly prospective gold exploration licences in North Cameroon - Bibemi (202km2) and Wapouzé (181km2)

Page 14

(Image here)

BIBEMI & WAPOUZÉ, CAMEROON

WAPOUZÉ

BIBEMIBakassi

Area

Licences held 100% by local company BEIG3

Held through wholly-owned RMC Cameroon SARL – a former JV company with Reservoir Minerals Corporation

BEIG3 is partner in internationally-funded ‘Project to Strengthen Capacity in the Mining Sector’ (PRECASEM), in association with BRGM (French Geological Survey) and GTK (Finnish Geological Survey)

Oriole to spend US$1.56M over 2 years to earn 51% of the projects

Option to earn to 90% over subsequent 2 years by spending a further US$1.56M or delivering a pre-feasibility study on either project

Deal terms1:

1Announcement dated 12 June 2018

Page 15

(Image here)

1Evolution of the Mayo Kebbi region, J.Penaye et al., 2006 2Internal report from Chad Ministry of Mines

BIBEMI & WAPOUZÉ, CAMEROON

Licences cover Pan-African greenstone belts, prospective for hosting multi-million ounce gold deposits

Neo-Proterozoic greenstone rocks associated with major crustal faults

“Zalbi Group” volcano-sedimentary rocks (~750-670 Ma) host gold mineralisation in Cameroon and Chad. Commonly form elongated, fault-bound basins, enclosed between granodioritic to granitic intrusions

Gold is hosted in quartz and quartz-tourmaline veins associated with diorite, quartz-rich schists, sericitic schists and amphibolite schists

Poyémé project (formerly Minmet)

Wapouzé

Bibemi

NIGERIA

CHAD

CAMEROON

Page 16

(Image here)

1RMC Cameroon Presentation December 2014 . 2Data provided as part of BEIG3 data set. 3https://sedar.com

BIBEMI PROJECT, CAMEROON 1,2,3

BIBEMI

Reservoir Minerals completed systematic soil sampling, trenching and pitting around artisanal sites, focussing on the Bakassi area – 2011 to 2015

Bakassi

Area

10km14m @ 1.00 g/t Au

(T01)

22m @ 1.13 g/t Au (T07)

30m @ 2.17 g/t Au (T13)

6.2m @ 8.05 g/t Au (T37)

1

Page 17

BAKASSI ZONE, BIBEMI PROJECT

(Image here)

(Image here)

BIBEMI

Rock-chip sampling by Oriole July-August 2018 returned ‘bonanza’ grades1

1Announcement dated 27 November 2018

Zone 1

Zone 2

65.3 g/t Au

135.4 g/t Au107.2 g/t Au115.8 g/t Au

43.3 g/t Au

18.7 g/t Au

36.0 g/t Au

11.1 g/t Au

35.9 g/t Au

10.4 g/t Au

53.6 g/t Au

23.4 g/t Au

119.7 g/t Au

17.7 g/t Au

14.8 g/t Au

Page 18

(Image here)

BAKASSI ZONE, BIBEMI PROJECT

7,500 m Phase 1 trenching programme currently underway – results anticipated Q1-20191

Phase 2 infill trenching at a 100 m spacing planned late Q1-2019

RC / diamond drilling following full project evaluation to target key geochemical/geophysical anomalies and intersecting structural zones – subject to ongoing results

Zone 2

Zone 1

1Announcement dated 27 November 2018

Page 19

BAKASSI ZONE, BIBEMI PROJECT

First results due February

*As at 30 January 2019

Planned Completed to date*

No. trenches 17 15

Metres 7,500 6,950

Total no. samples - 4,205

No. samples sent to lab - 3,335

Page 20

Licence-wide stream sampling by Reservoir Minerals in 2015 returned multiple gold anomalies

(Image here)

WAPOUZÉ PROJECT, CAMEROON

(granite intrusion)

WAPOUZÉ

Main gold anomaly in east is hosted by metamorphosed sedimentary and volcano-sedimentary units on margin of granitic intrusion

Anomalies relate to structural trends with same orientation as Bibemi

Page 21

(Image here)

WAPOUZÉ PROJECT, CAMEROON

2,120 soil samples completed

Results anticipated late Q1/early Q2-19

Subsequent reconnaissance trenching of prioritised gold anomalies

RC / diamond drilling of key geochemical anomalies

WAPOUZÉ

Systematic soil sampling (400 x 100 m), mapping and rock-chip sampling on east of licence completed

1Announcement dated 27 November 2018

Page 22

ROYALTIES & INVESTMENTS

COMPANY HOLDING PROJECT(S) NOTES

MURATDERE MADENCILIK

14.87% MuratdereAdvanced exploration stage copper-gold porphyry. Oriole will dilute to a 1.2% (post Turkish tax) royalty.

ANADOULOU EXPORT 1.5% NSR Karaağac

Advanced gold project. Oriole Turkish team sub-contracted to manage exploration programme. US$0.5M payment to Oriole on delivery of minimum JORC-compliant Indicated resource of 50,000 oz Au (0.2 g/t Au cut-off). EIA approval pending.

TET MADENCILIK

1.5% NSR (precious metals), 5% NSR other metals

Hasançelebi & Doğala

Exploration agreement: Oriole Turkish team sub-contracted to manage exploration programme. US$0.5M payment to Oriole on delivery of a minimum JORC-compliant Indicated or Measured 100,000 oz gold resource within the oxide zone.

The Company also has a number of investments and royalties in a number of other companies operating in Turkey and across Africa

Page 23

UPCOMING NEWSFLOW

✓ Fast-track exploration at Dalafin

✓ Funded by IAMGOLD

✓ RC/DD drilling results expected Q1-19

✓ Progress with earn-in on Cameroon licences

✓ Phase 1 trenching underway at Bibemi –results expected Q1-19

✓ Infill Phase 2 trenching to commence thereafter

✓ Results driven drill programme to test any confirmed anomalism down dip

✓ Systematic soil sampling at Wapouzé complete –results anticipated late Q1/early Q2

✓ Build footprint in Africa and Europe (specifically the Tethyan belt) through acquisition of further low-cost grassroots opportunities

1 Photo: 2018 trenching at Bakassi zone

Page 24

Preston Road Limited7.65% Blackrock Investment Management

5.45%

Teck Resources Limited5.09%

Orion Trust Limited3.77%

Hawk Investment Holdings Limited3.70%

Other74.34%

Advisers

Nomad

Co-brokers

IR/PR

Board of Directors

Tim Livesey Chief Executive Officer

Bob Smeeton Chief Financial Officer

John McGloin Non-Executive Chairman

David Pelham Independent Non-Executive Director

1Stock and shareholder information quoted as at 30 January 2019, Cash as at 15 November 2018

Stock information1: LON:ORR

Share o/s 701.8M

Fully diluted 741.5M

Share price 0.43p

Market cap £3.05M

Cash £1.50M

Total debt £0

Top shareholders1

CORPORATE PROFILE

Page 25

Summary InformationThese presentation slides (the “Slides”) contain summary information relating to Oriole Resources PLC (the “Company”). The information is general background information and does not purport to summariseall information that an investor should consider when making an investment decision. Figures may not sum due to rounding. The Slides do not comprise an admission document, listing particulars or aprospectus relating to the Company or any subsidiary of the Company, do not constitute an offer or invitation to purchase or subscribe for any securities of the Company and should not be relied on inconnection with a decision to purchase or subscribe for any such securities. The Slides and the accompanying verbal presentation do not constitute a recommendation regarding any decision to sell or purchasesecurities in the Company.

The Slides and the accompanying verbal presentation are confidential and the Slides are being supplied to you solely for your information and may not be reproduced or distributed to any other person orpublished, in whole or in part, for any purpose. No reliance may be placed for any purpose whatsoever on the information contained in the Slides and the accompanying verbal presentation or the completenessor accuracy of such information. No representation or warranty, express or implied, is given by or on behalf of the Company, Turner and Pope, Hannam & Partners, or their respective shareholders, directors,officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in the Slides and the accompanying verbal presentation, and no liability is accepted for anysuch information or opinions (including in the case of negligence, but excluding any liability for fraud). Accordingly, neither the Company nor its directors makes any representations or warranty in respect of thecontents of the Slides.

Not investment adviceThe Slides have been prepared for information purposes only and do not constitute financial product or investment advice or a recommendation to acquire entitlements or shares. The Slides are not aprospectus or a product disclosure statement nor do they constitute an offering document under any law, and they have not been lodged with any regulator. The information in the Slides has been preparedwithout taking into account the investment objectives, financial circumstances, taxation position or particular needs of investors. Before making an investment decision, prospective investors should consider theappropriateness of the information having regard to their own objectives, financial situation and needs and seek appropriate legal, financial and taxation advice appropriate to their jurisdiction.

Forward Looking StatementsThe Slides contain forward-looking statements, which relate, inter alia, to the Company’s proposed strategy, plans and objectives. Such forward-looking statements involve known and unknown risks,uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such forward-lookingstatements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.Accordingly, you should not rely on any forward-looking statements and the Company accepts no obligation to disseminate any updates or revisions to such forward-looking statements.

For Persons in the United Kingdom and other EEA member statesThe Slides and their contents are directed only at persons who fall within the exemptions contained in Articles 19 and 49 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (such aspersons who are authorised or exempt persons within the meaning of the Financial Services and Markets Act 2000 and certain other persons having professional experience relating to investments, high networth companies, unincorporated associations or partnerships and the trustees of high value trusts) and persons to whom distribution may otherwise lawfully be made. Any investment, investment activity orcontrolled activity to which the Slides relates is available only to such persons and will be engaged in only with such persons.

Persons of any other description, including those that do not have professional experience in matters relating to investments, should not rely or act upon the Slides.

Other InformationThe Slides should not be distributed, published, reproduced or otherwise made available in whole or in part by recipients to any other person and, in particular, should not be distributed to persons with anaddress in the United States of America, the Republic of South Africa, the Republic of Ireland, Japan or Canada or in any other country outside the United Kingdom where such distribution may lead to a breach ofany legal or regulatory requirement. No securities commission or similar authority in Canada has in any way passed on the merits of the securities offered hereunder and any representation to the contrary is anoffence.

The Securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or with any securities regulatory authority of any state or otherjurisdiction of the United States and may not be offered or sold within the United States or to, or for the account or benefit of, any US Person as that term is defined in Regulation S under the US Securities Act.The Company has not been registered and will not register under the United States Investment Company Act of 1940, as amended.

Competent Persons StatementThe Technical Information relating to Exploration Results and Targets in this presentation has been prepared by Claire Bay, an employee of the Company, who is a Competent Person as defined by the JORC Code2012 Edition. The information is extracted from various source reports, individually identified on the relevant pages of this presentation. The Company confirms that it is not aware of any new information ordata that materially affects the information included in the relevant market announcements. The Company confirms that the form and context in which the Competent Person’s findings are presented have notbeen materially modified from the original market announcements.

DISCLAIMER