Hummingbird Resources : Corporate Presentation Q2 August 2020

CORPORATE PRESENTATION

Q2 2020 Operational Update

DISCLAIMER

These presentation slides have been prepared by, and are the sole responsibility of, the directors of Hummingbird Resources plc ("Hummingbird Resources" or the "Company"). Those directors have taken all reasonable care to ensure that the facts stated herein are true to the best of their knowledge, information and belief. The information in this document is subject to updating, revision and amendment. This document neither constitutes nor forms nor should be constructed as constituting or forming part of any offer or invitation to sell or any solicitation of any offer to purchase or to subscribe for any securities in Hummingbird Resources or any other body corporate or an invitation or inducement to engage in investment activity under section 21 of the UK Financial Services and Markets Act 2000 nor shall it or any part of it form the basis of or be relied on in connection with any contract therefore. This document does not constitute an invitation to effect any transaction with Hummingbird Resources nor to make use of any services provided by Hummingbird Resources. No reliance may be placed for any purpose whatsoever on the information contained in this document nor on assumptions made as to its completeness. No representation or warranty, express or implied, is given by Hummingbird Resources, any of its subsidiaries or any of its respective advisers, officers, employees or agents, as to the accuracy, fairness or completeness of the information or opinions contained in this document or expressed in the presentation and, no liability is accepted for any such information or opinions (which should not be relied upon) or for any loss howsoever arising, directly or indirectly, from any use of this document or its contents or information expressed in the presentation.

The information and opinions contained in this document and the presentation are provided as the date of this document and the presentation and are subject to change without notice.

This presentation contains forward-looking statements that are based on Hummingbird Resources' current expectations and estimates. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and Hummingbird Resources disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to the inherent uncertainty therein.

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Hummingbird: an overview

CASH FLOW-FOCUSSED AFRICAN GOLD COMPANY

• Targeting 110,000-125,000ozs of production in 2020 from Yanfolila Mine, Mali providing stable cash flow leveraged to gold price
• Strengthening balance sheet, on track to be in a net cash position in 2020 and debt free during 2021
• Experienced team with a track record of exploration, project and operational delivery
• Large scale gold resource with significant growth potential in the Dugbe project in Liberia

M A L I

Kouroussa	Bamako Office
Yanfolila Gold Mine
Gold Project

G U I N E A

	Monrovia office
L I B E R I A	Dugbe Gold Project

• • Earn-inagreement with ARX Resources with the option to take the project to a DFS stage
  • ARX acquired by TSX listed Pasofino Gold Limited, that has a market cap of approx. US$75 million
• Focus on growth from existing opportunities in current portfolio and through accretive M&A opportunities
• • Acquisition of the Kouroussa Gold Project has the potential to double production profile
• Near mine exploration upside from Yanfolila and neighbouring permit
• Members of the World Gold Council

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Strategic framework to deliver value & sustainable growth

LONG TERM FOCUS ON CASH FLOW GROWTH

Through the process of exploring, developing, producing and growth it is Hummingbird's strategy to build a significant gold company with multiple assets in varying jurisdictions that can support and fund this cycle of growth

EXPLORE	DEVELOP	PRODUCE	GROW
Disciplined investment	Proven on time and on	110,000-125,000ozs	Cash flow generation
in brownfield and	budget developers	2020 guidance
greenfield targets			Capital allocation
		574,000ozs+ of	discipline
Conversion of		production currently	M&A
Resources to Reserves		forecast 2020-2024
	• Kouroussa Gold
			Project acquisition
		High margin	• Dugbe / ARX earn-in
		production	agreement
			Balance sheet strength

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