Hummingbird Resources : Corporate Presentation Update

Clear path to being a multi-asset producer

Corporate Update February 2022

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.

Corporate Update February 2022 Clear path to being a multi-asset producer

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Strong building blocks for growth

+7.1Moz Au Resources base

• Total group Resources +7.1 Moz1
• Company Reserves 1.12 Moz @ 3.03 g/t2
• Upside potential in the 2022 Company Resources & Reserves statements Scheduled for Q2 2022 release

Gold production growth

• 87,000 - 97,000 oz AU 20223
• Production run rate of 210,000 - 250,000 oz AU 2023 onwards4

Material exploration upside

• Future exploration plans ongoing at each asset

Multi-mine & multi-jurisdiction

• Yanfolila, Mali Producing
• Kouroussa, Guinea
  Construction commenced Q1 2022 First gold pour end of Q2 2023
• Dugbe, Liberia DFS Q2 2022

Financed for growth

• c.US$100 million Group finance facility with Coris Bank to fund Kouroussa, Guinea

1. See releases 30 March 2021: Yanfolila MRE update, 22 November 2021: Dugbe MRE update, 8 June 2020: Kouroussa MRE update,
   Dugbe 100% owned by Hummingbird until a DFS and defined exploration programme is completed by earn in partner Pasofino
2. See release 25 November 2021 : Company Reserves Statement Update
3. See release 31 January 2022: Q4 2021 Operational Update and 2022 Outlook
4. Forecast estimates only

Corporate Update February 2022 Clear path to being a multi-asset producer

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+7.1 Moz Resources base with material group Reserves upside

	RESOURCES1
Project	Measured & Indicated	Inferred		Total Resources
	(including Reserves)
	Koz	g/t	Koz	g/t	Koz
Yanfolila	1,475	2.55	454	1.79	1,929
Kouroussa	626	3.36	553	2.82	1,179
Dugbe	3,396	1.30	617	1.13	4,013
Total	5,497		1,624		7,121

PATHWAY TO GROUP RESERVES GROWTH

+10 year Reserves targetted at each asset

Q2 2022 Company Resources & Reserves Update

To include 2021 Company drilling data of ~68,000 m

Q2 2022 Dugbe DFS with material Reserves upside

From defined 3.4 Mozs Measured & Indicated current Resources

RESERVES2

Proven & Probable

Koz g/t

1. 2.57

1. 4.38

1,115 3.03+7.1Moz

RESOURCES BASE

1. See releases - 30 March 2021: MRE update at Yanfolila, 12 October 2021: Update on Kouroussa Gold Mine, 22 November 2021: Dugbe MRE update,
   Dugbe 100% owned by Hummingbird until a DFS and defined exploration programme is completed by earn in partner Pasofino
2. See release 25 November 2021: Company Reserves Statement update

Corporate Update February 2022 Clear path to being a multi-asset producer

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Clear portfolio growth pipeline
	300
	275
	250
	225
(Koz)	200
175
Production
150
	125
	100
	75
	50
	25
	0	87-97 Koz	140-200 Koz	210-250 Koz
		20221	20233	2024

1 See release 31 January 2022: Q4 2021 Operational Update and 2022 Outlook

2 Forecast estimates only from 2023 onwards. 2023 production range variance dependant on time to reach nameplate production

1400

1300

1200

1100

1000

900	(US$/oz)
800
700	AISC

600

500

400

300

200

100

0

TARGETING GROUP WIDE AISC PROFILE OF

low c.US$1,000 - c.US$1,100

BY 2024

210TARGETING -250 Koz+

PRODUCTION RUN RATE FROM 2023 ONWARDS

Yanfolila

Yanfolila range

Kouroussa

Kouroussa range

AISC

Corporate Update February 2022 Clear path to being a multi-asset producer

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