Metal Bank : Presentation – PDAC 2017 Toronto

GROWTH AFTER DISCOVERY‌‌‌‌‌‌‌

P DAC 2017, TO RO N TO

MARCH 2017

ASX: MBK

1

Disclaimer

Purpose of this document

This presentation has been prepared by Metal Bank Limited ("MBK") for general information purposes only using the information available to MBK at the time of publication.

No reliance

The information contained in this presentation is not investment, tax, accounting, legal or financial product advice and is not intended to be used as the basis for making any investment decision. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person.

Exclusion of representations or warranties

No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of MBK's directors, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault or negligence, for any loss arising from the use of the information contained in this presentation. In particular, no representation or warranty, express or implied is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness of any forecasts, prospects or returns contained in this presentation nor is any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies. Before making any investment decision, you should consider whether an investment is appropriate in light of your particular investment needs, objectives and financial circumstances. Past performance is no guarantee of future performance. You should seek professional advice from your accountant, financial adviser, stock broker, lawyer or other professional adviser before making any investment decision.

Forward looking information

Certain statements in this presentation constitute "forward looking information" that is based on expectations, estimates and projections as of the date of this presentation. These statements are subject to risks and uncertainties. The forward looking information should not be relied upon as representing the view of MBK after the date of this presentation. MBK has attempted to identify important factors that could cause actual actions, events or results to differ materially from those current expectations described in the forward looking information. However, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended and that could cause actual actions, events or results to differ materially from current expectations. There can be no assurance that the forward looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place undue reliance on the forward looking information. These factors are not intended to represent a complete list of the factors that could affect the forward looking information.

Events after the date of this document

Statements in this presentation are made only as of the date of this presentation unless otherwise stated and the information in this presentation remains subject to change without notice. MBK is not responsible for updating nor undertakes to update this presentation.

Competent Person Statement

The information in this document that relates to Exploration Results is based on information compiled or reviewed by Mr Tony Schreck, who is a Member of The Australasian Institute of Geoscientists. Mr Schreck is an employee of the Company. Mr Schreck has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Schreck consents to the inclusion in the report of the matters based on his information in the form and context in which it applies.

18Moz Au established gold producing district

Triumph Project - Two near surface high grade gold discoveries in 2016

New Constitution - 10m @ 26.9g/t Au, 165g/t Ag, 6% Zn from 51m (open) Bald Hill - 15m @ 10.3g/t Au, 76g/t Ag, 0.5% Cu from 9m 14m @ 2.6g/t Au, 34g/t Ag, 1.1% Cu from 17m

• Emergence of a significant intrusion style gold camp

• Room to move - multi-million ounce potential

• Excellent platform now created to build a substantial resource base

  ASX listed minerals exploration company (ASX:MBK)

  Core focus is creating value through a combination of exploration success and quality project acquisition

  Key projects are the Triumph and Eidsvold Gold Projects situated in the northern New England Fold Belt of central Queensland - 18Moz Au established gold producing district

  18Moz Au established gold producing district

  A board and management team with a proven track record of gold resource discovery and development

  Global experience and network for accessing and assessing new opportunities

  ASX: MBK 12 month share chart

  0.04

  shares	712.4M
  options	15M
  share price*	$0.021
  cash at bank**	A$4.0M
  market cap	A$15M
  *as at 03 Mar 2017 **as at 31 Dec 2016
  Directors / Management	25%
  Top 20 shareholders	67%

  0.02

  high grade gold intersected in drilling June 2016

  50M

  Board and Management
  Inés Scotland	Non-exec Chair
  Tony Schreck	Managing Director
  Guy Robertson	Executive Director
  Sue-Ann Higgins	Company Secretary
  Trevor Wright	Exploration Manager

  Inés Scotland

  Chair

  Tony Schreck

  Managing Director

  Guy Robertson

  Director

  Sue-Ann Higgins

  Company Secretary

  Trevor Wright

  Exploration Manager

• Over 25 years in the mining industry - founding shareholder and MD of Citadel through its massive growth during the discovery/development of the Jabal Sayid copper project in Saudi Arabia and $1.3B sale in 2011. Inés has raised more than $380M on the equity markets.

• Geologist with over 25 years exploration management and business development and credited with the grassroots discovery of the multi-million ounce Twin Bonanza gold system in the Northern Territory.

• More than 30 years experience as Chief Financial Officer, Company Secretary and Director of both public and private companies in Australia and Hong Kong.

• Over 25 years in the mining industry including in senior legal and commercial roles with WMC, Oxiana and Citadel together with extensive experience in governance and compliance, mergers and acquisitions, equity capital markets and mineral exploration, development and operations.

• Geologist with over 20 years of mineral exploration and business experience in Australia, USA, China, South West Pacific islands and New Zealand along with a track record of identifying and developing overlooked opportunities.

A team that has delivered before

Large deposit examples in Qld

18Moz Au established gold producing district, close to excellent infrastructure

15km2 Underexplored gold system, 95% beneath shallow cover First mover opportunity Pipeline of Tier 1 and Tier 2 targets Bald Hill - high grade gold discovery

15m @ 10.3g/t Au, 76g/t Ag, 0.5% Cu from 9m including

 4m @ 34.2g/t Au, 220g/t Ag, 1.4% Cu from 14m

High grade Au-Ag controls identified

New Constitution 10m @ 26.9g/t Au, 165g/t Ag and 6% Zn from 51m (open)

incl. 7m @ 36.3g/t Au, 220g/t Ag and 7.9% Zn from 51m (open)

High Zn (Au-Ag) indicates halo of a large gold system

IP Geophysics - has highlighted zones of high grade mineralisation to date.