Mithril Resources Project Overview

Mithril Resources' objective is the creation of shareholder wealth through the discovery of gold, copper and nickel deposits.

The Company and its partners are exploring throughout Western Australia's Kalgoorlie District (Lignum Dam, Kurnalpi and Spargos Reward) and Meekatharra District (Nanadie Well and Duffy Well) and the Coompana District in far western South Australia.

The Company also retains a small project in the Northern Territory (East Arunta) which contains the Basil Copper Cobalt Deposit (Inferred Resource of 26.5Mt @ 0.57% copper, 0.05% cobalt).

Our exploration strategy is threefold:

• Early identification and quick acquisition of prospective areas offering significant exploration upside ("First Mover Advantage").

• Advance projects as quickly as possible through the systematic application of modern geological, geochemical and geophysical techniques.

• Divest lower priority value - bearing projects to ensure that the Company's funds remain focused on priority opportunities.

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