Marenica Energy : Uranium explorer with a Disruptive Beneficiation Process

Disclaimer & Important Information

Disclaimer

This presentation has been prepared by Marenica Energy Limited (Marenica). This document does not constitute or contain an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any securities in Marenica. This document does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in any jurisdiction (in particular, the United States of America), or a securities recommendation. This document is not a prospectus, product disclosure statement or other offering document under Australian law or any other law, and will not be lodged with the Australian Securities and Investments Commission.

This document contains a summary of information about Marenica and its activities that is current as at the date of this document. The information in this document is general in nature and does not purport to be complete or to contain all the information which a prospective investor may require in evaluating a possible investment in Marenica or that would be required in a prospectus or a product disclosure statement prepared in accordance with the Corporations Act 2001 (Cth) (Corporations Act). Recipients should conduct their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this presentation.

The information contained in this document has been prepared in good faith by Marenica, however no guarantee representation or warranty expressed or implied is or will be made by any person (including Marenica and its affiliates and their directors, officers, employees, associates, advisers and agents) as to the accuracy, reliability, correctness, completeness or adequacy of any statements, estimates, options, conclusions or other information contained in this document.

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Certain information in this document refers to the intentions of Marenica, but these are not intended to be forecasts, forward looking statements or statements about the future matters for the purposes of the Corporations Act or any other applicable law. The occurrence of the events in the future are subject to risk, uncertainties and other actions that may cause Marenica's actual results, performance or achievements to differ from those referred to in this document. Accordingly Marenica and its affiliates and their directors, officers, employees and agents do not give any assurance or guarantee that the occurrence of these events referred to in the document will actually occur as contemplated.

Statements contained in this document, including but not limited to those regarding the possible or assumed future costs, the global economic climate, commodity prices, environmental risks, performance, dividends, returns, revenue, exchange rates, potential growth of Marenica, industry growth or other projections and any estimated company earnings are or may be forward looking statements. Forward-looking statements can generally be identified by the use of words such as 'project', 'foresee', 'plan', 'expect', 'aim', 'intend', 'anticipate', 'believe', 'estimate', 'may', 'should', 'will' or similar expressions. These statements relate to future events and expectations and as such involve known and unknown risks and significant uncertainties, many of which are outside the control of Marenica. Actual results, performance, actions and developments of Marenica may differ materially from those expressed or implied by the forward-looking statements in this document. Such forward-looking statements speak only as of the date of this document. There can be no assurance that actual outcomes will not differ materially from these statements.

Corporate Snapshot

Experienced Board & ManagementCapital StructureSignificant Shareholders

Hanlong Energy Limited

Retzos Executive Pty Ltd

Directors & Management

BNP Paribas Nominees

Pershing Australia Nominees

Other

Investment Highlights

Uranium exploration company with considerable leverage to the coming uranium bull market:

Exploration

• • Portfolio of Namibian uranium projects

• • Large tenement position in low risk jurisdiction

• • Inferred uranium resource of 61 Mlbs

• • U-pgradeTM beneficiation process expected to allow our projects to compete globally

U-pgradeTM

• • Patented disruptive beneficiation process expected to revolutionise uranium processing

• • Transforms uranium project economics

• • Example ore bodies amenable to U-pgradeTM include: Paladin's Langer Heinrich and Deep Yellow's Tumas

Marenica Development Focus - Namibia, World-Class Uranium Location

• • Located in world-class uranium province with established uranium mining industry

• • Marenica Uranium Project - 61 Mlb resource

• • Mile 72 - advanced exploration project

• • Numerous exploration applications (EPL's) lodged

• • Marenica will be 2nd largest uranium land holder in Namibia following granting of EPL applications

• • EPL's highly prospective for surficial uranium mineralisation

• • Exploration program planned upon EPL granting