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THE HOME OF BIG COPPER - Aranjin Resources Limited

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ARANJIN RESOURCES LTD (TSXV: ARJN) INVESTOR PRESENTATION MAY 2021 ARANJINRESOURCES.COM THE HOME OF BIG COPPER
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ARANJIN RESOURCES LTD (TSXV: ARJN)

INVESTOR PRESENTATIONMAY 2021 ARANJINRESOURCES.COM

THE HOME OFBIG COPPER

ARANJIN RESOURCES LTD CORPORATE PRESENTATION - MAY 2021

MONGOLIA’S EMERGING COPPER EXPLORER

02

ARANJIN RESOURCES LLC (MONGOLIA)

BAYAN UNDUR PROJECT

100%SHARGA COPPER

PROJECT

100%BARUUN TAL

PROJECTAcquisiton in process

Aranjin Resources is an emerging copper exploration company with a focus on Mongolia.

Management team has an unrivalled record in Mongolia – Hunnu Coal ($500m exit), Steppe Gold (Mongolia’s top gold producer) – Management and board control 50% of the outstanding shares of Aranjin.

Aranjin owns Sharga Copper Project located in Gobi-Altai Province, Bayan Undur Copper Project in located in Bayankhongor Prov-ince and in process of acquiring additional highly prospective Copper Projects in Mongolia.

Drilling program at Bayan Undur to commence in Q2 2021.

Drilling at Sharga Copper Project to commence Summer 2021.

ARANJIN RESOURCES LIMITED (TSX.V: ARJN)

ARANJIN RESOURCES LTD CORPORATE PRESENTATION - MAY 2021

COMPANY TIMELINE

03

Sharga Copper project acquisition successfully completed.

Drilling to commence at BU copper project.

MAY JUNEDrilling to commence at Sharga Copper project.

2021 2021 2021

JULY

01.

02.

03.

04.

ARANJIN RESOURCES LTD CORPORATE PRESENTATION - MAY 2021

INVESTMENT HIGHLIGHTS

04

Proven in-country teamThe Management and Board of Aranjin have an unrivalled track record in developing and scaling mining projects – Hunnu Coal sold to Banpu Coal for $500m and Steppe Gold, now Mongolia’s top gold producer.

Highly prospective exploration portfolioCompany now has two highly prospective copper projects in Mongolia, with another acquisition pending. Drilling to com- mence on both Sharga Copper project and Bayan Undur in Q2 2021. Two additional acquisitions at an advanced stage. Shar-ga shows +30m at 1% copper.

Compelling location for Copper SupplyChina’s preferred source for copper will be Belt and Road countries like Mongolia. Strong supply chains for copper concen- trate already established through Oyu Tolgoi. Both Sharga and Bayan Undur are close to the Chinese border.

Strong Support for Mining in MongoliaMongolia has elected another majority government with strong, pro-mining credentials and we expect another term of sta- ble policies. We expect to see strong government support for the mining sector and supporting infrastructure.

06

01 0302

ARANJIN RESOURCES LTD CORPORATE PRESENTATION - MAY 2021

MANAGEMENT AND BOARD

05

MATTHEW WOODChairman

SOLONGO GUNSENDORJExecutive Director

MAX JAHNDirector

JEREMY SOUTHChief Financial Officer & Executive Director

30 years of global industry experience in mining and commodities in- vestments.

Founder Hunnu Coal Limited sold for ~A$500M (2011), Chairman of TSX main board listed Steppe Gold (TSX:STGO).

Awarded the Order of the Polar Star, the highest state honour that canbe awarded to a non-citizen of Mongolia.

She is a Mongolian national with considerable experience in the re- sources sector across a range of commodities including copper, gold, coal, iron and hydrocarbons. Ms Gunsendorj is an executive at boutique Mongolian investment firm Garrison Capital Development (GCD).Ms Gunsendorj currently acts as a Corporate Secretary of Steppe Gold Ltd, a Mongolian precious metals company listed on the TSX.

Currently Managing Director at R&R Venture Partners, an early stage VC fund in New York, where he works with entrepreneurs and founders to grow their businesses and explores investment opportunities in the US and Israel, primarily in media and technology.

Before assuming his current position in June 2016 Max held a dual role as a VC investor at the RSL Family Office and CFO of the Neue Galerie New York, a museum for Austrian and German Art in NY where Max also oversaw HR and IT.

He has over 35 years of experience in M&A, capital markets and private equity in Europe, North America and Australia, including senior posi- tions in investment banking at Deutsche Bank, NatWest Markets and Deloitte.

For 10 years ended December 2016, Jeremy was Global Leader, Mining M&A Advisory at Deloitte. Based in Beijing for four years, he advised leading Asian trading houses and financial investorson mining M&A, fi- nancing and strategy, and he counted some of Asia’s largest companies as clients. He worked extensively in Mongolia over the past 10 years.

04

BATAA TUMUR-OCHIRDirector

Currently President and CEO of Steppe Gold Ltd, a Mongolian pre-cious metals company. Under his guidance, Steppe Gold was awarded the “Best Investment of the Year Award” from the Ministry of Mining and Heavy Industry and Mineral Resource and Petroleum Authority of Mongolia in 2019. Mr. Tumur-Ochir is also Executive Director of Ion En- ergy LLC.

05

LUIS AZEVEDODirector

Resource industry professional with over 30 years of international ex- perience.

With degrees in both Law and Geology, Mr. Azevedo is the current Man- aging Partner at FFA Legal Ltd., a legal firm located in the City of Rio de Janeiro - founded by him focused solely on assisting natural resources companies.

Former Executive Director in companies such as Talon Ferrous, Harvest Minerals, Jangada Mines, Avanco Resources

Currently on his second mandate as the CEO of ABPM - Brazilian Min- ing Prospectors Association, Mr. Azevedo has been nominated as the “National Explorer of the Year” in 2017, and was also pointed out by theGlobal Mining Observer as one of the three most prestigious miners in Brazil in the year of 2019.

ARANJIN RESOURCES LTD CORPORATE PRESENTATION - MAY 2021

CAPITAL STRUCTURE

06

POST-SHARGA

Management and Insiders Public Sharga Project

Capitalisation table

Shares outstanding 216,135,041

Recent share price $0.055

Market cap $11,887,427

Shares outstanding 216,135,041

Options 14,850,000

Warrants 66,993,166

Fully diluted shares 297,978,208

Ownership Structure

Shareholders Shares Ownership %

Management and insiders 92,453,540 43%

Public 123,681,501 57%

Total 216,135,041 100%

Shareholders Shares Ownership %

Management and insiders 92,453,540 38%

Public 123,681,501 50%

Sharga Project 30,000,000 12%

246,135,041 100%

50% 12%

38%

ARANJIN RESOURCES LTD CORPORATE PRESENTATION - MAY 2021

SHARGA COPPER PROJECT

07

The Sharga Project is comprised of one exploration license over an area of approximately 9,000 hectares.

The Sharga Project is located in the Sharga Soum of Gobi Altai Province and 80 km from the Altai city. The project is sit-uated only 20 km away from key roads linking Altai to China.

Prior exploration at the Project has defined three high grade copper targets and extensive electromagnetic anomalies typical ofmassive copper sulphides . Prior work has included 74 rock chip samples, two diamond core drill holes totaling 222.5 metres, 77 drill core samples , 921 line kilometres of ground magnetics  and 40 line kilometres of ground based electromagnetic geophysics.

The accessibility to the Project area is well developed including paved road and/or airline to nearest town from Ulaan-baatar.

ARANJIN RESOURCES LTD CORPORATE PRESENTATION - MAY 2021

SHARGA COPPER PROJECT ACQUISITION

08

Aranjin has acquired the project through the purchase of all of the issued and outstanding equity interests in a Mongo-lian LLC company, which is the 100% owner of the Sharga Project.

As consideration for the acquisition, the Company will pay a total of US$1.5 million in cash in instalments and issue 30 million common shares in instalments, provided the issuance would not result in the vendor owning over 9.9% of the is-sued and outstanding common shares of the Company.

In order to fund the cash portion of the acquisition, the Company has entered into a term sheet for the issuance of a $1,814,400 (approximately US$1.5 million) unsecured convertible debenture. The debenture will have a term of 12 months and bear interest at a rate of 15% per annum to be accrued and paid at maturity in cash or, at the option of the debenture holder, in common shares.

In addition, the Company has agreed to grant the debenture holder a 1% net smelter returns royalty over the Sharga Project.

Ulaanbaatar – Altai city – 875km paved road, 130km dirt road

Altai city – Sharga – 40km paved road, 20km dirt road

Sharga – Bulgan port – 550km paved road

Previous exploration programs included:

74 Rock chip samples completed

2 Diamond core drill holes totaling 222.5 metres

77 Drill core samples

921 line kilometers of ground magnetics

40 Line kilometers of ground based elec-tromagnetic geophysics

ARANJIN RESOURCES LTD CORPORATE PRESENTATION - MAY 2021

EXPLORATION HISTORY

09

20km Baruun Tal ProjectBayan Unudr Project

SHARGA

Oyu Tolgoi

Kharmagtai

Tsagaan Suvarga

ARANJIN RESOURCES LTD CORPORATE PRESENTATION - MAY 2021

DRILLING

10

SHD002SHD001

East Sharga Discovery (one drill hole to 172.5 metres depth)SHD001 - 37.8m at 0.95% copper, 1.37g/t gold and 6.8g/t silver from 132.6 metres

West Sharga Discovery (one drill hole to 50 metres depth)SHD002 - 11m at 0.15% copper and 0.12g/t gold from 28 metres.

Exceptional early drilling results.

ARANJIN RESOURCES LTD CORPORATE PRESENTATION - MAY 2021

2. BAYAN UNDUR COPPER PROJECT

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Located in Bayan Undur Soum of Bayank- hongor Province, approximately 980 km south-west of Ulaanbaatar

The project consists of four mining licenses with a total land package of 2,773 hectares.

Mining licenses issued for 30 year term.

ATO

SHARGA

ARANJIN RESOURCES LTD CORPORATE PRESENTATION - MAY 2021

EXPLORATION HISTORY

12

Previous exploration programs included:

$10m in prior exploration work – Spring season starting now

Geochemical sampling (3,968 samples) 1,973.52m3 of trenching with 137 channel samples

57,446.8m (546 drill holes) and RC drilling with 14,215 core samples

Laboratory analyses of 22,705 samples Topographic survey at scale of 1:1000

Ground magnetic survey covering the whole project Area IP survey of 125.2m in total

Mineralized intervals are greater than 0.30 % Cu.Higher grade sub-intervals are greater than 1.0 % Cu.

BayanUndur - Drilling results

Drill Hole Depth, m From (m) To (m) Core Length (m) Cu (%) Ag (g/t)

KM0053RCD 156.50 114.00 126.00 12.00 7.44 37.95

KM0044RCD 171.50 28.00 30.00 2.00 4.53 31.52

KM0046RCD 238.50 88.00 94.00 6.00 3.63 7.74

KM0194D 195.50 92.00 102.00 10.00 3.40 21.10

KM0012RCD 181.30 30.00 110.00 80.00 3.31 10.16

KM0057RCD 283.00 131.00 141.00 10.00 3.23 17.65

KM0083D 119.70 14.00 34.00 20.00 3.18 30.04

ARANJIN RESOURCES LTD CORPORATE PRESENTATION - MAY 2021

3. BARUUN TAL COPPER PROJECT

13

Located in the World Class South Gobi Cop-per Province

Well positioned near the large mines such as Tavan Tolgoi & Oyu Tolgoi

Close to South Gobi infrastructure (road, railway, power plant etc.) and the Chinese border

Baruun Tal covers an area of approximately 150 km²

ATO

SHARGA

ARANJIN RESOURCES LTD CORPORATE PRESENTATION - MAY 2021

CONCLUSION

14

Aranjin is well positioned to develop a strong copper exploration portfolio in mineral rich Mongolia, with additional acquisitions pending.

Company’s flagship Sharga Project is located only 20 km away from the key road linking Altai to China, the world’s largest buyer and consumer of copper.

Exploration and drilling program at Sharga and Bayan Undur Project to commence in Q2 2021.

Mongolia is already a major player in the copper market. Ranked at 12th in the world for copper reserves, and with improving infra-structure Mongolia is well placed for surging copper demand.

Mongolian is open for business at all levels of government. COVID 19 has had a limited impact and 58.5% of adults have now received vaccinations.

Aranjin’s management team has an unrivalled track record for mining success in Mongolia.

ARANJIN RESOURCES LTD CORPORATE PRESENTATION - MAY 2021

CONTACT

15

SOLONGO GUNSENDORJExecutive Director

Email: [email protected] Phone: (+976) 9999 0754 Address:Shangri-La office, Suite 1201, Olympic street 19A, Sukhbaatar District 1,Ulaanbaatar 14241, Mongolia

www. aranjinresources.com

ARANJIN RESOURCES LTD (TSXV: ARJN)


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