Oklo Resources : Investor Presentation

EXPLORING AMONGST THE GIANTS

DISCOVERING WEST AFRICA'S NEXT MAJOR GOLD DEPOSIT

INVESTOR UPDATE - OCTOBER 2020

ASX:OKU

DISCLAIMER

This presentation has been prepared by Oklo Resources Limited ("OKU"). The information contained in this presentation is a professional opinion only and is given in good faith. The material in this presentation ("material") is not and does not constitute an offer, invitation or recommendation to subscribe for or purchase any security in OKU, nor does it form

the basis of any contract or commitment. OKU makes no representation or warranty, express or implied, as to the accuracy, reliability or completeness of this material. OKU, its directors, employees, agents and consultants shall have no liability, including liability to any person by reason of negligence or negligent misstatement, for any statements,

opinions, information or matters, express or implied, arising out of, contained in or derived from, or for any omissions from, this material, except liability under statute that cannot be excluded. Statements contained in this material, particularly those regarding possible or assumed future performance, costs, dividends, production levels or rates, prices, resources, reserves or potential growth of OKU, industry growth or other trend projections are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties, many of which are outside the control of, and may be unknown to, OKU. Actual results and developments may differ materially from those expressed or implied by these forward looking statements depending on a variety of factors. Recipients of this presentation are cautioned to not place undue reliance on such forward looking statements. OKU does not take responsibility to release publicly any revisions or updates to any forward looking statements to reflect events, circumstances or unanticipated events occurring after the date of this presentation except as required by law or by any appropriate regulatory authority.

This presentation is a visual aid and is not intended to be read as a stand alone document. The material contains selected and abbreviated summary information about OKU and its subsidiaries and their activities current as at the date of this presentation. The material is of general background and does not purport to be complete. OKU does not take responsibility for updating any information or correcting any error or omission which may become apparent after the date of this presentation.

Compliance Statement

This presentation contains information extracted from ASX market announcements reported in accordance with the 2012 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" ("2012 JORC Code") and available for viewing at www.okloresources.com. OKU confirms that in respect of these announcements dated 21 December 2016, 30 January 2017, 21 February 2017, 3 March 2017, 7 March 2017, 15 March 2017, 30 March 2017, 6 April 2017, 26 April 2017, 29 May 2017, 21 June 2017, 12 July 2017, 25 July 2017, 14 August 2017, 16 August 2017, 4 September 2017, 28 November 2017, 5 December 2017, 20 December 2017, 5 February 2018, 22 February 2018, 8 March 2018, 28 March 2018, 3 May 2018, 16 May 2018, 22 May 2018, 2 July 2018, 6 August 2018, 28 August 2018, 3 September 2018, 12 September 2018, 19 September 2018, 30 January 2019, 19 February 2019, 6 March 2019, 11 April 2019, 17 April 2019, 27 May 2019, 15 August 2019, 14 Oct 2019, 20 November 2019, 10 December 2019, 17 December 2019, 14 January 2020, 20 January 2020, 29 January 2020, 13 February , 25 February, 24 March, 31 March, 7 April, 29 April , 28 May 2020, 22 July 2020, 27 August 2020 and 31 August 2020. The Company confirms it is not aware of any new information or data that materially affects the information included in any original ASX market announcement.

The information in this presentation that relates to Exploration Results is based on information compiled by geologists employed in Africa Mining (a wholly owned subsidiary of OKU) and reviewed by Mr Simon Taylor, who is a member of the Australian Institute of Geoscientists. Mr Taylor is the Managing Director of OKU. Mr Taylor is considered to have sufficient experience deemed relevant to the style of mineralisation and type of deposit under consideration, and to the activity that he is undertaking, to qualify as a Competent person as defined in the 2012 JORC Code. Mr Taylor consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.

GOLDEN FOOTPRINT

LARGE GOLD SYSTEM POTENTIAL

MAJOR DISCOVERY IN CLOSE PROXIMITY

TO FEKOLA & OTHER TIER 1 OPERATIONS

FLAGSHIP DANDOKO PROJECT

30km east of B2Gold's 7.1 Moz Fekola mine.

Oklo drilling results include:

• 62m at 5.26g/t gold	• 55m at 7.65g/t gold
• 31m at 6.27g/t gold	• 32m at 10.57g/t gold
•	49m at 12.83g/t gold	• 65m at 7.11g/t gold
• 42m at 6.14g/t gold	•	51m at 4.28g/t gold
•	47m at 10.95g/t gold	•	30m at 8.54g/t gold

EXCELLENT METALLURGICAL RESULTS

LARGE UNDEREXPLORED LANDHOLDING

EXPERIENCED WEST AFRICAN TEAM

DRILLING IMMINENT AND FULLY FUNDED

3

STRONG FOUNDATION

CORPORATE OVERVIEW

CAPITAL	STRUCTURE		A$138.5M		~A$19.7M	503.6M
			MKT CAP AT		CASH BALANCE	SHARES
			A$0.275/SHARE		(SEPT 2020)	ON ISSUE
			6.3M UNLISTED OPTIONS - Avg exercise A$0.455
SHAREPRICE	12MONTHS		18.8M PERFORMANCE RIGHTS (ZEPOs)		Volume(m)
Price($)	O/19	D/19	F/20	A/20	J/20	A/20
			0.40					12
			0.30					10
								8
			0.20					6
			0.10					4
							2
			0.00					0

MAJOR SHAREHOLDERS

BLACKROCK GROUP	11.9%
RESOLUTE MINING LTD	10.8%
RUFFER LLP	9.7%
CAPRICORN GROUP	5.1%
1832 ASSET MANAGEMENT	4.9%
DIRECTORS & MANAGEMENT	3.1%
68%	TOP 20
SHAREHOLDERS

BOARD MANAGEMENT	making in Africa includes merger of	SIMON TAYLOR	(5.3Moz) and others. Strong	and mining experience.	including senior roles with Rio
	MARK CONNELLY	DR MADANI DIALLO	ANDREW BOYD	DOMINIC ALLEN
	NON-EXECUTIVE CHAIRMAN	MANAGING DIRECTOR & CEO	DIRECTOR - COUNTRY MANAGER	GM - EXPLORATION	BUSINESS DEVELOPMENT
	Seasoned financial and commercial	Resource executive with over 25	Geochemist with outstanding track	Former GM - Geoscience for ASX	Finance professional with 15 years
	executive with extensive resource	years experience in geology,	record as team member in the	companies Papillon Resources and	experience in the financing,
	industry experience across multiple	management at CEO and Board	discovery of Sadiola (13Moz), Morila	Mantra Resources. Geophysicist	development and operations of
	jurisdictions. Track record for deal	levels and in the finance sector.	(8.5Moz), Syama (7.9Moz), Essakane	with over 20 years of exploration	natural resource organisations,
&	Papillon Resources with B2Gold in		relationship with Mali Govt, awarded a		Tinto Limited and Oyu Tolgoi LLC.
	2014 and Adamus with Endeavour		"Knighthood" as a pioneer to the Mali
	Mining in 2011.		gold industry.		4