DISCOVERING VALUE

THROUGH EXPLORATION
INVESTOR PRESENTATION Q2 2020
UPDATED 11TH MAY 2020
 DISCLAIMER
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This presentation may contain forward-looking statements. These statements relate to the future prospects, developments and business strategies of the Company and its subsidiaries (the “Group”).
Forward-looking statements are identified by the use of such terms as “believe”, “could”, “envisage”, “estimate”, “potential”, “intend”, “may”, “plan”, “will” or the negative of those, variations or
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that could cause actual results to differ materially from those expressed or implied by those statements. If one or more of these risks or uncertainties materialises, or if underlying assumptions prove
incorrect, the Group’s actual results may vary materially from those expected, estimated or projected. Given these risks and uncertainties, potential investors should not place any reliance on forward-
looking statements. These forward-looking statements speak only as at the date of the presentation. All market capitalisation figures in this presentation date from 8 May 2020.

The technical information in this presentation has been compiled on behalf of Erris Resources by Aiden Lavelle. Aiden Lavelle (BSc (Hons), MSc, MIGI, P.Geo) is Erris Resources' chief operating officer. Mr
Lavelle has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he is undertaking to qualify as a Competent Person in accordance
with the guidance note for Mining, Oil & Gas Companies issued by the London Stock Exchange in respect of AIM Companies, which outlines standards of disclosure for mineral projects.

i INVESTOR PRESENTATION Q2 2020

 AIM-LISTED EXPLORATION COMPANY
‫׀‬ Technically-led team with a track record of discovery

‫׀‬ Strong industry backing by Osisko Gold Royalties

‫׀‬ Actively advancing Loch Tay Gold Project in Scotland

‫׀‬ Highly prospective gold projects in Sweden and Norway

‫׀‬ Owns 100% of the Abbeytown Zn-Pb-Ag-Cu project in

Ireland – historic mine with new near-mine targets

‫׀‬ Seeking and evaluating new advanced opportunities

1 INVESTOR PRESENTATION Q2 2020

 ASSETS
PROJECTS STRENGTHS
‫׀‬ Scotland: New high-grade gold targets on ‫׀‬ Strong cash position: €1.5M at 11th May
the Loch Tay Gold Project in central 2020 post-placement of £330k at 4.25p
Scotland
‫׀‬ Experienced team with a proven track
‫׀‬ Sweden: 3 exploration permits – record of discovery & value creation
Brännberg Gold Project coupled with financial and capital
markets expertise
‫׀‬ Norway: 5 exploration permits – highly
prospective new gold projects ‫׀‬ Clean structure: 38,836,787 million
shares outstanding, 64.8% free float
‫׀‬ Ireland: 23 prospecting licences focused
on zinc with ancillary lead, silver & copper
‫׀‬ Abbeytown Project - brownfields setting with
underground access, drilled & expanded in 2018 INDUSTRY PARTNER
‫׀‬ Galway Project - large greenfields land package
with new data, targets and tier 1 discovery
potential
Mkt Cap CAD $2.1bn
‫׀‬ Seeking partners for Irish base metal projects
15.13% Shareholder

2 INVESTOR PRESENTATION Q2 2020

 EXTENSIVE EXPERIENCE
Mkt Cap C$14.55M
Mkt Cap C$5.5M TSXV 2011
Los Sulfatos discovery 2009 TSXV 2012 Europe Sakatti magmatic Cu-Ni-PGE
1.2Bt @ 1.5% Cu, 0.02% Mo Europe deposit, greenfields exploration
22,000m drilled, Chile discovery in 2009, Finland

Mkt Cap C$39.85M, TSXV

C$22.8M investment by Sale of 30% & 1% NSR
Agnico-Eagle, Romero gold- of Öksüt for $24.5m to
copper Deposit Centerra Gold
Dominican Republic Turkey

Mkt Cap £36.9M Gold discoveries in Egypt

AIM 2010
Major nickel laterite discovery
Brazil, financing for construction
US$25M investment by Orion,
Oct 2019
and Djibouti
Mkt Cap £1.15M Recent investment by
Cyprus Cu-Au Brownfields AMED with 47,000m
Exploration Projects drilling planned
Early spin out from Erris

TRACK RECORD OF DISCOVERY, DELINEATION, JV & SALE

3 INVESTOR PRESENTATION Q2 2020

 STRATEGY
‫׀‬ Develop portfolio organically & via acquisition
to increase shareholder value

‫׀‬ De-risk projects through JVs & industry

partnerships

‫׀‬ Focus on cost efficiency

4 INVESTOR PRESENTATION Q2 2020

 SCOTLAND
LOCH TAY GOLD PROJECT

5
 LOCH TAY PROJECT
‫׀‬ A highly prospective gold project in central
Scotland

‫׀‬ 237 sq.km licence area adjacent to a regional scale

fault – the Loch Tay Fault in the Grampian gold belt

‫׀‬ Project area has a significant number of historic

workings for silver, copper and lead

‫׀‬ Alluvial gold in the region and licence area

‫׀‬ High-grade outcropping gold mineralization and

new high-grade float cluster identified

‫׀‬ 43km from the new Cononish gold mine

‫׀‬ Erris Resources plans to actively advance the

project in H2 2020 with the aim of identifying drill
targets as soon as Covid-19 restrictions eased
This project gives Erris Resources exposure to new gold targets that have not previously been tested, but
which are in the highly prospective Grampian Gold Belt that already hosts some important gold deposits
such as Curraghinhalt (6.09 Moz at 13.6g/t Au)

6 INVESTOR PRESENTATION Q2 2020

 LOCH TAY PROJECT
‫׀‬ Lead Trial – Dunan Valley: New high-grade target based on cluster of high-grade
boulders identified between 1.4km and 3km southeast of the historic workings at
Lead Trial
‫׀‬ Evidence of a large mineralising system – 3.2km mineralised trend with mineralised
outcrop and boulders from Lead Trial to the new float cluster
‫׀‬ Highest grade results to date announced in April - 17.15g/t Au sample from chips
across a 1m wide vuggy quartz vein in subcrop at the southeast extension
‫׀‬ Second sample 210m west had 14.8g/t Au suggesting proximal bedrock source
‫׀‬ Lead Trial - quartz stockworks in felsite contain Au-Pb-Zn-Ba mineralisation along
structurally controlled zones. Two samples from separate workings and mine
dumps returned high-grade gold including the following:
‫׀‬ 9.39g/t Au, 8.37g/t Ag, 1.75% Pb and 8.98% Zn
‫׀‬ 7.58g/t Au, 16.9g/t Ag, 4.43% Pb and 3.99% Zn
‫׀‬ A boulder sample taken uphill from the workings returned a result of
8.74g/t Au, 11.85g/t Ag and 1.66% Pb
‫׀‬ Mineralisation shows possible zoned system with outer barite zone
to the northwest, a middle zone with variable Pb-Zn-Au-Hg-Mo and
limited data for a zone with Cu-Bi-Te and higher-grade silver at the
southeast end of the prospect where a float sample had 1.61% Cu,
12.7% Pb and 247g/t Ag
Mineralised dump sample from Lead Trial workings

7 INVESTOR PRESENTATION Q2 2020

 LOCH TAY PROJECT
Lead Trial - Dunan Valley: Quartz
stockworks in felsite outcrops and veins
in felsite and schist boulders containing
variable amounts of galena, sphalerite
and baryte have been found within an
area of intermittent to sparse outcrop
measuring 3.2km x 1.4km while
mineralized boulder trains are open to
the SE in thicker till. The sulphides occur
in vuggy quartz veins and stockworks
indicative of shallow epithermal-style
mineralization.

New Gold Target

High-grade quartz sample from probable subcrop that had

17.8g/t Au

Target is high-grade gold in veins or

stockworks which might be exploited from
underground mining and with minimal
surface footprint similar to the mine at
Cononish – 43km to the East

8 INVESTOR PRESENTATION Q2 2020

 LOCH TAY PROJECT
‫׀‬ Other targets
‫׀‬ Glen Almond and Invergeldie are highly prospective and have not been explored
in recent times
‫׀‬ Glen Almond - Two narrow high-grade (>10g/t Au) quartz veins hosted in pelites
and psammites with coarse alluvial gold in burns and free gold in quartz vein rock
samples
‫׀‬ Glen Almond is 6.6km south of Lead Trial and 2.5km east-southeast of the Coire
Buidhe silver mine – a significant historic mine where up to 18 veins were worked
for high-grade silver

‫׀‬ Invergeldie - 4 out of 7 samples collected in 2019 contained low-

grade gold and a fifth sample returned 8.86g/t Au with associated
high tellurium
‫׀‬ Other bedrock gold sources and targets within the licence area
known from historic work and BGS stream sediment survey data
‫׀‬ Further work aimed at upgrading targets for future drilling
‫׀‬ The licence area is outside of National Park and National Scenic Areas
‫׀‬ Duntanlich Barite Mine 25km to the northeast received planning
approval in September 2016 within Loch Tummel National Scenic
Area

9 INVESTOR PRESENTATION Q2 2020

 LOCH TAY PROJECT
Option Agreement announced in December 2019 between Erris
Resources and GreenOre Gold Plc
‫׀‬ Erris Resources has the option to earn 80% of the Loch Tay Project
from GreenOre Gold plc by defining a minimum inferred resource of
250,000 ounces gold
‫׀‬ Upon defining 250,000 ounces, the ownership of the licence shall
be 80% Erris Resources and 20% GreenOre
‫׀‬ Subsequent funding shall be on a pro-rata basis
‫׀‬ If either party shall dilute to less than 10% then that party shall
forfeit all ownership and be entitled to a 2% Net Smelter Return
Royalty (“NSR”)
‫׀‬ Erris Resources shall have the option to purchase 50% of the NSR
for US$1M

The agreement gives Erris Resources exposure to new defined gold

targets which have not previously been tested but have returned
some exciting gold grades from surface with broad alteration
zones and mineralised zones outlined during the initial fieldwork

10g gold nugget found in the Almond Area

10 INVESTOR PRESENTATION Q2 2020

 SWEDEN
&
NORWAY

11
 SWEDEN: BRÄNNBERG PROJECT
‫׀‬ Located in the heart of the Skellefte Mining District 10.8km from active Maurliden mine and in the
same district as the +2M Oz Björkdal gold deposit
‫׀‬ Gold in sheeted quartz-arsenopyrite veinlets and stockworks within competent volcaniclastics
‫׀‬ Investment by Centerra of $670k in drilling and geophysics – all focused on one area
‫׀‬ Hole BB004 - 17.2m @ 1.93g/t Au and 0.26% Cu from 160.90m-178.10m
‫׀‬ Mineralization open at depth, potential for a large gold system with other untested target areas

12 INVESTOR PRESENTATION Q2 2020

 NORWAY: GAUTELIS PROJECT
‫׀‬ Three styles of mineralization including reported Carlin style gold mineralization in carbonates
‫׀‬ 1,500m of drilling 1984-1985: disseminated 6-7 g/t Au in 3 m sections, & semi massive sulphides up
to 329.66 g/t Au, 0.52 % Cu, 2.4 % Pb, 0.69 % Zn, 0.08 % As, 61 g/t Ag
‫׀‬ Historic drilling on the Gautelis permit intersected: 3.0m @ 6.6 g/t Au & 26m @ 0.58g/t Au
‫׀‬ Close to Swedish border but has road access, 2 x 10 sq.km permits 100%-owned by Erris Resources
‫׀‬ Similar characteristics to Carlin-type deposits; the project warrants further exploration as historic
drilling was shallow and sections indicate mineralization is open at depth

Portal to historic
arsenopyrite mine
Massive arsenopyrite,
5.7g/t Au

13 INVESTOR PRESENTATION Q2 2020

 IRELAND
ABBEYTOWN ZN-PB-AG-CU PROJECT
& GALWAY PROJECT

14
 ABBEYTOWN ZN-PB-AG-CU PROJECT
KEY FACTS
‫׀‬ Five licenses covering 136km2 in County Sligo,
renewed for 6 years in Q3 2019
‫׀‬ Proven mineral district centred on the old lead-
zinc-silver mine of Abbeytown (1951-1961)
‫׀‬ A Carbonate Replacement Deposit with structurally
controlled high-grade mineralization and adjacent
stratiform replacement mineralization
‫׀‬ Targeting shallow and high-grade zinc-lead-silver
mineralization in the mine area – successful drilling
in 2018
‫׀‬ Good industrial infrastructure: road, power, rail
and port are all available nearby
‫׀‬ Aim to identify economic resources that will
support a commercial operation either by itself or
with a partner

15 INVESTOR PRESENTATION Q2 2020

 ABBEYTOWN DRILL RESULTS
RESULTS INCLUDED SEVERAL HIGH-GRADE DRILL INTERSECTIONS
‫׀‬ 10.85% Zn+Pb combined and 31.1 g/t Ag over 4.0m in ERAB001 High-grade
and positive
‫׀‬ 15.63% Zn+Pb combined and 90.68 g/t Ag over 4.1m in ERAB005 preliminary
metallurgical
‫׀‬ 9.14% Zn+Pb combined with 92.89 g/t Ag over 4.5m in ERAB007 results

‫׀‬ 14.37 % Zn+Pb combined and 67.25g/t Ag over 2.0m in ABUG009 (underground)

3D model of the Abbeytown Mine

showing the underground workings
along with historic drill holes and
Erris Resources
Erris drill holes colourised by lead + Erris Underground surface drilling
zinc assay value. drilling 2018 2018

Many of the historic drill holes do not

have full assay results.

Drilling to date has identified

extensions of the mineralisation
south of the mine and new parallel
mineralised structures east of the
mine. South

16 INVESTOR PRESENTATION Q2 2020

 ABBEYTOWN NEAR-MINE POTENTIAL
LONG SECTION LOOKING WEST SHOWS MINE WORKINGS AND MINERALIZATION INTERSECTED IN
HISTORIC DRILLING + ERRIS RESOURCES SURFACE AND UNDERGROUND DRILLING

ERAB005: 4.1m @ 15.63% Zn+Pb Mineralised structures continuous from

surface drilling to mine as shown by
underground drilling Mine Portal – vehicle access
2018 Surface drilling to most areas of the mine at
Extension of mineralization end 2018
confirmed over 250m of strike SW end of mine workings

Open pit / quarry floor

Ballyshannon
Lst. Upper main workings

Index Bed

Crinoidal Lst. Lower main workings

Shale
?

Near mine tonnage available in upper

and lower main workings
Continuity of mineralisation demonstrated
Metamorphic Basement

17 INVESTOR PRESENTATION Q2 2020

 ABBEYTOWN TARGETS
SOIL SAMPLING
Undertaken near the Ox Mountains ABBEYTOWN MINE
Fault, an important basin bounding
fault with large displacement.

Circa 520 soils taken at 10m spacing,

mostly along north south lines across SURFACE DRILLING EXTENSION
an area where previous wide spaced 375m
soils indicated anomalism in lead and SOIL ANOMALIES ALONG TREND
zinc.
NEW TARGETS
One very strong anomaly had a 900m
maximum of 1,585ppm Pb, 2,530ppm
Zn and 10.6ppm Ag with the adjacent
sample also returning 631ppm Pb,
738ppm Zn and 2.8ppm Ag. Ox Mtns. Fault

Results confirm that structures within

the zone are targets for Soil results for lead showing new targets overlain on the airborne electromagnetic map. Strong soil anomalies
coincident with structures in a relay-ramp fault system
mineralization and extend the
footprint of known mineralization
~900m south of the mine with several
kilometres of potential along the Ox
Mineralization open to the south
Mountains Fault. and ready for drill testing

18 INVESTOR PRESENTATION Q2 2020

 ABBEYTOWN DISTRICT POTENTIAL

ABBEYTOWN
MINE

LUGAWARRY ANOMALY

Ox Mtns. Fault NEW TARGETS

Several targets identified along the Ox Mountains Fault Zone including Lugawarry which was
the site of small-scale historic lead workings. Greenfields targets at Skreen 15km to the west.

19 INVESTOR PRESENTATION Q2 2020

 GALWAY PROJECT
KEY FACTS
‫׀‬ 18 contiguous PLs covering 673km2 east of Galway City, County
Galway, west of Ireland
‫׀‬ Area prospective for base metals associated with major
extensional structures
‫׀‬ Adjacent ground to the north held by Boliden, they recently
completed a seismic survey
‫׀‬ Licences located 15-40km northwest of the Tynagh Mine, which
hosted ~9.4Mt at 5.0% Zn, 6.0% Pb, 0.5% Cu and 1 oz/ton Ag
‫׀‬ Similar geology to Tynagh mine area with outcropping historic Aeromagnetic map of the licence areas showing major structures
workings within the licence area at Rinnmore
‫׀‬ New high-quality Tellus Airborne Magnetic and EM data
covering the region allowing new interpretation
‫׀‬ New data was not available to previous explorers + new GSI drill
core with copper mineralization in the priority target area
‫׀‬ Erris Resources has generated ranked targets based on data
compilation with preliminary prospecting, soil sampling and
ground truthing carried out
‫׀‬ Early stage project but >10-100Mt deposit potential
Weathered massive pyrite outcrop at the Rinnmore historic workings

20 INVESTOR PRESENTATION Q2 2020

 APPENDIX

21
 KEY DATA
CASH: €1.50m / ~£1.3M POST PLACEMENT, MAY 11TH 2020

TICKER MARKET MARKET CAP SHARE PRICE SHARES IN ISSUE JOINT BROKER NOMAD

ERIS.L AIM £1.73 million 4.45p 38,836,787 Turner Pope Allenby

SHARE GRAPH SHAREHOLDERS

Osisko Gold
David Hall
Royalties 15.13%
17.58%

May 2019 May 2020

https://www.lse.co.uk/ShareChart.asp?sharechart=ERIS&share=Erris-Resources
Others 64.82%

22 INVESTOR PRESENTATION Q2 2020

 EXPERIENCE
ANTON DU PLESSIS +20 years' experience in the finance sector where he held senior positions at several international investment
NON-EXECUTIVE CHAIRMAN banks including CIBC, Bank of America Merrill Lynch and Morgan Stanley with a focus on advising natural
resources companies on the execution of strategic and financing transactions. of Economic Geologists and the
Institute of Mining Analysts. He holds BSc (Hons), MSc, ACSM, MSEG.

CHERIF RIFAAT A UK Chartered Account with +20 years of Venture Capital, Corporate Finance, Operational Turnaround and IR
CFO experience. He has worked cross sectors with an emphasis on start-up, pre-IPO or restructuring phase.

JEREMY MARTIN +20 years experience working in South America, Central America & Europe, where he was responsible for
NON-EXECUTIVE DIRECTOR grassroots regional metalliferous exploration programmes through to resources definition and mine
development. Currently CEO of Horizonte Minerals and a member of the Society of Economic Geologists and
the Institute of Mining Analysts. He holds BSc (Hons), MSc, ACSM, MSEG..

GRAHAM BROWN He has been a Fellow of the Society of Economic Geologists since 1999 and is currently a British Geological
NON-EXECUTIVE DIRECTOR Survey industry advisor and Natural History Museum honorary research fellow. For +10 years, he has worked as
a consultant involved with the exploration and evaluation of a number of major discoveries in both Asia and
Europe.

JEREMY TAYLOR-FIRTH Jeremy has worked in investment management since 1996 and is currently an Investment Manager with
NON-EXECUTIVE DIRECTOR Hanson Asset Management, where he has worked for the last 5 years. He is also the non-executive chairman of
Primorus Investments plc.

DAVID HALL Experienced geologist with c.30 years experience having worked on exploration projects and mines in +50
CEO countries - previous roles: Chief Geologist for Minorco SA, exploration manager for AngloGold South America,
founder/Chairman of AIM listed Stratex International Plc. David is a fellow of the Society of Economic Geologists
& EuroGeol, recent CEO of Thani-Stratex & current non-executive chairman of Horizonte Minerals.

AIDEN LAVELLE Aiden is an experienced exploration manager who played a key role in the discovery of the Pandora prospect
COO and a new epithermal gold district in Djibouti. His international exploration work also includes target
generation, project management and resource definition. He holds BSc (Hons), MSc, MIGI, P.Geo and is based
in Ireland.

23 INVESTOR PRESENTATION Q2 2020

 29-31 CASTLE STREET
HIGH WYCOMBE
BUCKINGHAMSHIRE HP13 6RU
info@errisresources.com
www.errisresources.com
@ErrisResources

FINANCIAL PR BROKERS
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T: +44 (0)20 7236 1177
T: +44(0)20 3657 0050
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