De Grey Mining : AGM Presentation - Hemi Discovery Mallina Gold Project

HEMI DISCOVERY

MALLINA GOLD PROJECT

Annual General Meeting

4 December 2020

FORWARD LOOKING STATEMENTS DISCLAIMER

These materials prepared by De Grey Mining Limited (or the "Company") include forward looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as "may", "will", "expect", "intend", "plan", "estimate", "anticipate", "continue", and "guidance", or other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs.

Forward looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation.

Forward looking statements are based on the Company and its management's good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company's business and operations in the future. The Company does not give any assurance that the assumptions on which forward looking statements are based will prove to be correct, or that the Company's business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the Company or management or beyond the Company's control.

Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant securities exchange listing rules, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.

Aspirational goal Cautionary Statement: The potential quantity and grade of the aspirational goal referred to on Slide 4 is conceptual in nature. As at the date of this report, there has been insufficient exploration to determine a Mineral Resource of this magnitude and there is no certainty that further exploration work will result in the determination of such Mineral Resources to be realised.

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CORPORATE OVERVIEW

Corporate structure

Shares	1,278M
(ASX:DEG)
Options	6.74M
Performance	1.45M
rights
Share price	A$1.12
(3 Dec 2020)
Market	A$1.4B
capitalisation
Cash	A$109.5M
(30 Sep 2020)
plus Cash	A$12.5M
(post 30 Sep
2020)

Shareholders

15% 5%

4% 3%

73%

Major Shareholders

Top 20 holders

Top 50 holders

DGO Gold

Limited

Van Eck

Northwest

Nonferrous

Directors and

Management

Other

66%

73%

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BOARD AND TECHNICAL MANAGEMENT

Simon Lill

Non-Executive Chairman

Peter Hood AO

Non-Executive Director

Eduard Eshuys

Non-Executive Director

Bruce Parncutt AO

Non-Executive Director

Glenn Jardine

Managing Director

Andy Beckwith

Executive Technical Director

Phil Tornatora

Exploration Manager

Allan Kneeshaw

Consulting Geologist

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