Brief Investor Presentation February 2011

1. Brief Investor Presentation February 2011

2. Disclaimer Although reasonable care has been taken to ensure that the facts stated in this document are accurate and that the opinions expressed are fair and reasonable, no reliance can be placed for any purpose whatsoever on the information contained in this document or on its completeness. No representation or warranty, express or implied, is given by either Drill Resources or by any of its directors, officers, employees, agents or advisers (as they may be) as to the accuracy of the information or opinions contained in, or as to the completeness of this document. By accepting this document, the recipient agrees to keep permanently confidential the information contained herein or sent herewith or made available in connection with further enquiries. It is a condition of the issue of this document that it will not be reproduced. The statements contained in this document are both historical and forward-looking in nature. The forward looking statements involve risks and uncertainties including those relating to exploration, the establishment of resources, the recovery of any resources, future ore production and associated costs.

3. Strategy THE STRATEGY • Identify high-value drill targets • Acquire ground • Build pipe-line of high quality targets • Prioritise drilling using ‘expected value’ • Intersect ore grade and width mineralisation • Create value delineating resources • Divest to realise value See more details at www.drillresources.com.au

4. Background Generating and acquiring high-value drilling targets Dedicated to drilling NOT prospecting Short lead-in time to drilling (drill early and often) High calibre generative team Sub contract exploration services Pipeline of quality drill targets Prove resources quickly and efficiently Divest/JV to experienced miner realise value

5. Our Business Model

6. Introduction 6 projects - 100% DRL Targeting 7.8Moz Au and 600Kt Cu Significant upside potential of 23Moz Au and 1.9Mt Cu Committed to developing a pipeline of high-value drill targets Existing ore grade and width intersections 30,000 to 50,000oz Au, already outlined near surface

7. Exploration Potential

8. Management • Mr Wayne Rossiter - Non-executive Chairman • A mining engineer and a chartered accountant for more than 20 years, Wayne has held senior finance and management roles in resource companies with international operations. His mining engineering background, coupled with his extensive accounting and finance skills offers a deep understanding of both operational and boardroom risks. His experience covers companies with international operations listed on the ASX, TSX and SEHL, primarily in small to mid-sized stocks up to $A1.5 billion. • Dr Tony Norman – Managing Director • A highly experienced and passionate geologist, Dr Norman has worked in many mineral provinces across the world for over 25 years. He has developed his expertise in the base metal provinces of central Canada, Peru and Mexico, and the gold provinces of PNG, Nevada, West Africa, Indonesia, Dominican Republic, China and Australia. He has made significant contributions to the Porgera, Samira Hill, Pueblo Viejo, Turquoise Ridge and Jinfeng gold deposits. Tony has successfully led regional and local prospectivity analyses to acquire productive exploration ground and has managed drilling campaigns in Africa and PNG. He has established and managed regional offices in Mexico and Peru. Tony has developed and implemented a disciplined ‘value-based’ approach to prioritise exploration expenditure and acquisition opportunities. Tony is a member of the AUSIMM, Society of Economic Geology, Geological Society of Australia and the Geological Society of America. • Dr Stuart Munroe – Associate Consultant • Dr Munroe is a founding member and has 20 years experience in exploration and development of mineral projects across a broad range of commodities. His main areas of expertise are in structural geology and hydrothermal alteration systems, interpretation of geophysical data and development of detailed geological models for resource estimation and mining. In addition to having worked in the Lachlan Fold Belt over many years, Stuart has also worked in West Africa, China, Iran, Eastern Europe, SE Pacific Islands and Papua New Guinea.

9. Projects

10. EL7717 – Gundagai (95km2) Targeting gold in sheeted high-grade veins – intrusion related Potential for high-tonnage, low-grade resource (50Mt @ 1.5g/t Au) Previous drilling intersected 5m @ 7.4g/t Au Drilling outlined 10,000 to 15,000oz of gold at about 2.9g/t Au Drill-ready Manton Target – 950m x 450m gold anomaly Wide cross-structure zone with potential for a bulk open-pit 4m @ 9.6 g/t Au rock sampling High-grade satellite bodies

11. EL7717 Potential Target • Intrusion Related Gold System (IRGS) • Open-pit potential • Manton Target – 500m x 200m • 50Mt @ 1.5g/t Au • 2,500,000oz Au potential • Johnson Hill Line North – 450m x 3m • 42,000oz Au @ 3.0g/t Au potential • ~12,000oz Au already outlined • Emu Workings – 350m x 2m • 33,000oz Au @ 5.6g/t Au potential

12. EL7718 – Adelong South (78 km2) Targeting gold within wide shear between granite and granodiorite Potential for +450,000oz Au resource Previous drilling intersected 2m @ 7.6g/t Au & 4.8m @ 1.9g/t Au (Cockatoo Creek prospect) Drilling outlined 11,000 to 15,000oz of gold at about 1.8 g/t Au Drill-ready Coomerang Target - 2 zones, 4 km strike length Coomerang East up to 75 m wide with expected ore widths +25m DRL’s sampling has yielded 53.0g/t Au, 19.2g/t Au & 13.3g/t Au

13. EL7718 Potential Targets • Granite hosted shear mineralisation • Open-pit potential • Coomerang Target – 550m x 25m • 5.4Mt @ 2.6g/t Au • 450,000oz Au potential • Watson’s Workings – 500m x 6.5m • 1.3Mt @ 3.7g/t Au • 150,000oz Au potential • Cockatoo Creek – 1350m x 3m • 1.6Mt @ 3.0g/t Au • 150,000oz Au potential

14. EL7730 – Ironbarks (74 km2) Targeting sheared sandstone and syenite target on the Parkes Thrust Potential for 500,000oz Au resource Previous drilling intersected 6m @ 5.8g/t Au & 4.0m @ 3.6g/t Au (Styles prospect) Drilling outlined 9,000 to 15,000oz of gold at about 2.3 g/t Au Drill-ready Croakers Reef Target 2 km long Au-As anomaly

15. EL7730 Potential Target • Fault hosted mineralisation associated with intrusions and/or sandstone • Open-pit potential • Croaker’s Reef – 420m x 20m (2 zones) • 6.5Mt @ 2-3 g/t Au • 500,000oz Au potential • Potential for additional resources from Styles and Ironbarks workings

16. EL7804 – Mt Margaret (26 km2) Targeting McPhillamy’s style gold mineralisation (2.9Moz Au) Potential for +1.5Moz of gold in an open-pit Drill-ready Mt Margaret and Apple Tree Flat Targets 5km long NNW belt of volcanic hosted quartz-gold veins Rock samples have yielded 26.3 g/t Au, 23.1 g/t Au & 88.0g/t Au

17. EL7804 Potential Targets • Gold and base metal (Cu-Zn) • Ordovician-Silurian terrane boundary • Mt Margaret Target – 500m x 55m • Open-pit potential • 34Mt @ 1.4 g/t Au • 1,500,00oz Au potential • Apple Tree Flat Cu-Au-Zn– 300m x 11.5m • Underground model • 0.4%Cu 3.7%Zn, 2.2%Pb, 0.37g/t Au, 49.1g/t Ag • 3.6Mt @ 3.1% Cuequiv • 113,000t Cu (640,000oz Auequiv) potential

18. EL 7853 – Cooba (40 km2) Taregeting high-sulphidation epithermal gold (HSE) and copper-gold porphyry Potential for 300,000oz Au and 124Mt @ 0.4% Cu and 0.6g/t Au porphyry 2km diameter circular bipolar magnetic anomaly Splay of Gilmore Suture – crustal structure Altered and silicified Ordovician volcanics and intrusions Pyrophyllite, silicification, jasper, sericitic and potassic alteration High-grade rock samples 16.0g/t Au, 17.4g/t Au and 2% Cu Drill ready targets – Cooba West, Cooba East & Rockley

19. EL 7853 Potential Targets • HSE gold mineralisation • Cu-Au porphyry • Open-pit and block caving models • Cooba West HSE Target – 300m x 75m • 6Mt @ 1.5 g/t Au • 300,00oz Au potential • Cu-Au Porphyry Target – 300-550m x 75-100m • 3 intrusions (Cooba West, Cooba East, Rockley) • 124Mt @ 0.4% Cu and 0.6g/t Au • 2,500,000 Au potential • 500,000t Cu potential

20. EL 29064 – Mud Tank (93 km2) Targeting economic concentrations of rare earth elements (REE) in carbonatites Mt Weld analogy – 17.5Mt @ 8.1% REO Intra-continental setting – right geological setting Woolanga shear – major crustal structure on northern margin of Arunta Block Drill ready targets – 3 positive magnetic anomalies Nearby shallow RAB intersected 5m @ 2210ppm Ceand 1440ppm La LREE enrichment confirmed in diamond holes on margin of Mud Tank Carbonatite

21. EL 29064 Potential Target • Carbonatite-hosted REE • Mt Weld Analogy • Open-pit potential • Woolanga Shear Zone Targets • 3 positive magnetic anomalies • 2,000m x 2,000m • Mt Weld potential • 17.5Mt @ 8.1% REO

22. Growth Potential Aim is to grow quickly through drilling high-value targets 7.8Moz Au and 610Kt Cupotential, if exploration is successful $8.7M current expected value – risked by chance of success Upside potential of 23Moz and 1.9Mt Cu, if exploration success achieves upper 10% chance of ore grades and tonnes Upside potential of $88M expected value , if all targets go to the next round of drilling – risked by chance of success $88M is our target value reflecting a share price >$1.15.share Drill Resources is committed to developing a pipeline of high-value adding drill targets Exploration success will result in DRL increasing in value rapidly

23. Upside Potential

24. Opportunity & Capital Invest in a company at an early stage of growth Partner with an experience team committed to drilling only the highest value targets Drill Resources is looking to IPO when the markets improve Aim to raise ~A$6M to fund drilling Seed funding opportunity - ~A$600,000 Seed to fund IPO costs, agreements, optimise drill hole designs Premium equity > 10% on current value Strategic partnership opportunity Joint venture on exploration success Claw-back at resource delineation