Aeris Resources : BRISBANE MINING CONFERENCE PRESENTATION

Mining Resources Convention-Brisbane Producing Exploring Growing 30 August 2017 Andre Labuschagne - Executive Chairman

ASX: AIS

Disclaimer

Forward-Looking Information

Certain statements contained in this press release constitute forward-looking statements or forward-looking information. The words "intend", "may", "would", "could", "will", "plan", "anticipate", "believe", "estimate", "expect", "target" and similar expressions are intended to identify forward-looking statements. These statements are based on certain factors and assumptions and while Straits considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking statements are given only as at the date of this release and Straits disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Competent Persons Statement

Competent Person's Statement: The Mineral Resource statement has been prepared by Mr Brad Cox.

Mr Cox confirms that he is the Competent Person for all the Mineral Resource estimates summarised in this Report and he has read and understood the requirements of the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code, 2012 Edition). Mr Cox is a Competent Person as defined by the JORC Code, 2012 Edition, having relevant experience to the style of mineralisation and type of deposit described in the Report and to the activity for which he is accepting responsibility. Mr Cox is a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM No. 220544). Mr Cox has reviewed the Report to which this Consent Statement applies. Mr Cox is a full time employee of Aeris Resources Limited.

Mr Ian Sheppard, confirms that he is the Competent Person for all the Ore Reserve estimates summarised in this Report and Mr Sheppard has read and understood the requirements of the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code, 2012 Edition). Mr Sheppard is a Competent Person as defined by the JORC Code, 2012 Edition, having five years' experience that is relevant to the style of mineralisation and type of deposit described in the Report and to the activity for which he is accepting responsibility. Mr Sheppard is a Member of The Australasian Institute of Mining and Metallurgy, No. 105998. Mr Sheppard has reviewed the Report to which this Consent Statement applies. Mr Sheppard is a full time employee of Aeris Resources Limited.

Mr Sheppard has disclosed to the reporting company the full nature of the relationship between myself and the company, including any issue that could be perceived by investors as a conflict of interest. Mr Sheppard has disclosed to the reporting company the full nature of the relationship between himself and the company, including any issue that could be perceived by investors as a conflict of interest. Specifically Mr Sheppard has rights to 22,418,546 share options that will vest over the next five years and may be converted to shares over time when various conditions are met.

All dollar figures are in Australian dollars unless otherwise indicated.

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Rebirth of a Mid-Tier Copper Producer

• Aeris Resources Limited (ASX: AIS) is a copper producer in New South Wales

• In FY 2018 Aeris forecast production of 27,000 tonnes of copper

• Since early 2013, the current Aeris management team has been engaged in a comprehensive operational and financial restructuring of the Company

  AERIS IN EARLY 2013

  • ~US$150M in senior debt to Standard Chartered Bank and Credit Suisse

  • Non-performing mines in Australia and Indonesia

  • Multiple non-core assets

  • Head office of over 30 people

  • Market capitalization went from

    +$300M to $5M

  • New management team appointed

    AERIS TODAY

  • Production volumes of 23-30kt per year

  • Non-core assets divested. Closed Indonesian Gold Mine

  • Head office of 7 people

  • Senior Debt reduced to US$50M in Dec 2015 - Standard Chartered (SCB)

  • Positioned for growth

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Company Snapshot

Current	Fully diluted
Shares on issue	140.1m	934.1m*
Share price	6.9c (28 Aug 17)	6.9c**
Market Cap	$9.7M	$64.4M***

Board
Andre Labuschagne	Executive Chairman
Michele Muscillo	Director
Alastair Morrison	Director
Marcus Derwin	Director
Executive Management
Rob Brainsbury	CFO
Ian Sheppard	COO

* Convertible preference shares with SCB (60%) and PAG (15%) and Management Options (10%) - all on a fully diluted basis

** Closing Price as of 28 August 2017

5

19%

31%

Other

66%

DGJ Keet

investments

Other

4

*** Notional fully diluted market capitalisation

Institutions

22%

15%

Bain Capital

Credit

28%

Private

10%

Glencore

Finance

Corporate

9%