“Focussed on discovery and development of major gold deposits in West Africa.”

January 2013

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This presentation (“Presentation”) has not been approved by an authorized person within the meaning of the Financial Services and Markets Act 2000. This Presentation does not constitute, or form part of, a prospectus relating to Sovereign Mines of Africa Plc (“Company” of “Sovereign Mines”), nor does it constitute or contain any invitation or offer to any person to subscribe for, purchase or otherwise acquire any shares in the Company or advise persons to do so in any jurisdiction, nor shall it, or any part of it form the basis of or be relied on in connection with any contract. No reliance may be placed for any purpose whatsoever on the information or opinions contained in this document or on its completeness. No representation or warranty, express or implied, is given by the Company as to the accuracy of the information or opinions contained in this document. It contains only a synopsis of more detailed information and accordingly no reliance may be placed for any purpose whatsoever on the sufficiency or completeness of the information in this Presentation. This Presentation does not constitute a recommendation regarding the shares of the Company. Viewing, downloading, reproducing, copying or distributing this Presentation may be restricted by law in certain jurisdictions. This Presentation is not for distribution outside the United Kingdom and in particular, it should not be distributed, directly or indirectly, by any means (including electronic transmission) either to persons with addresses in the United States, Canada, Australia, Japan, the Republic of South Africa or the Republic of Ireland, or to any citizens, nationals or residents thereof, or to any corporation, partnership or other entity created or organized under the laws thereof, nor should it be viewed by any such persons. Without limitation, the securities mentioned herein have not been and will not be, registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or under any U.S. State securities laws, and may not be offered or sold in the United States unless they are registered under the Securities Act or pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act. Any failure to comply with these restrictions may constitute a violation of the laws of any such other jurisdictions. These Presentation Materials contain certain forward-looking information about the Company which are statements, beliefs, opinions or projections that are not historical facts, and which may be identified by the use of terminology such as “proposes,” “may,” “believes,” “anticipates,” “projects,” “expects,” estimates” or “forecasts” or comparable terminology and which reflect the Company’s or, as appropriate, the Company’s Directors current expectations and beliefs about future events. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed in such statements, beliefs and opinions depending on a variety of factors. Past performance, trends or activities of the Company or its shares cannot be relied on as a guide to future performance, trends or activities. Any forward-looking information contained in these Presentation Materials has been prepared on the basis of a number of assumptions which may prove to be incorrect, and accordingly, actual results may vary from those projected as a result of, among other factors, changes in economic and market conditions, changes in the regulatory environment and other business and operational risks. Forward-looking statements speak only as of the date of the Presentation. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, circumstances or otherwise or to reflect the occurrence or non-occurrence of any events. By viewing the Presentation you will be taken to have represented, warranted and undertaken that you have read and agree to comply with the contents and restrictions of this disclaimer.

Disclaimer

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Sovereign Mines of Africa plc in a Snapshot

• Experienced exploration management team with a track record of major gold discovery and development

• Focussed on the discovery and exploration of large scale gold systems in West Africa

• Currently exploring three highly prospective gold concessions

• Flagship Mandiana Magana property straddles a major gold system

• Drilling results to date, extensive artisanal activity, together with the large scale of the gold mineralizing system, clearly indicate multi-million-ounce potential

• Strong “in-country” working relationship created through sovereign partnership with the Guinean government

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Guinea - Attracting InvestmentMining through the ups and downs

• Potential - abundance of untapped mineral wealth

• Under-exploited - world’s largest reserves of bauxite but only fourth largest producer

• Mining is important - the mining sector in Guinea contributes approximately 25% to the country’s GDP

Mining Activity

• Rio Tinto , AngloGold Ashanti, Rusal, Bellzone and Avocet operating in the country

• Rio Tinto to produce first iron ore at the Simandou Project in 2015, one of the largest known undeveloped iron ore projects

• Bellzone started producing first ore from Forecariah in May, 2012: JV with China International Fund and off-take agreement with Glencore

Exploration Strategy

• Focus on large-scale under-explored gold mineralising systems in strategic locations

• Early entry into frontier exploration regions

• Focus on grade and margin

• Strong partnership with Government enables competitive advantage through opportunity identification

• Operate locally through experienced Guinean team, guided by expatriate specialists with strong in country operational background.

• Roll-out of the Sovereign Partnership Model into other African countries

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SMA Success Drivers

• Strong Management - team with a track record of multi-million-ounce gold discoveries

• Extensive Network – Board and local management have a broad network of Government and commercial contacts in Africa

• Sovereign Partner - Government of Guinea is equity partner assisting in selection of properties and invaluable support of all kinds locally

• Teamwork - Two senior Civil Servants in the Guinean Ministry of Mines (including Dr. Bangoura – mining advisor to the president of Guinea) are on the board of local subsidiary (Sovereign Mines of Guinea)

• Expandable - Opportunity to replicate the Sovereign Partnership Model across sub-Saharan Africa and position SMA as an incubator of major gold development projects

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Gold Potential of GuineaWest Africa - One of the fastest growing gold districts in the world

• Siguiri basin is one of the World’s most remote, but fastest growing and under-explored gold provinces

• Extensive highly-prospective gold-bearing Birimian greenstone belts with major gold mines and undeveloped deposits

• SMA’s focus is on areas of historic and current small-scale gold mining which have not been subject to modern exploration methods

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Mandiana-Magana Flagship Gold ProjectStrategic Location – Proximity to Tri-K (3m ozs gold resource)

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Mandiana-Magana: Flagship ProjectMajor Gold System

• Two major mineralised trends - + new target at Namatou in West Mandiana

• At least 14km (6km + 8km) strike projection

• All drilling to date confined to the southern corridor beneath small-scale working has intersected potential ore-grade gold mineralisation

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Mandiana-Magana: Flagship ProjectMajor Gold System

• At Yagbelen – a solid base now established to build a significant gold resource

• Two Phases of drilling completed (37 RC drill-holes- 8,000 metres) at three prospects.

To realize potential of this large gold system:

• Focussed drilling of potential higher grade shoots at Yagbelen, Woyondjan and Damantere .

• Initial testing of new compelling drill-targets along strike at Masafren, Foulouni Mountain and Sidylamin – new target in Mandiana West

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Mandiana-Magana/Yagbalen ProspectDepth Potential for high-grade Shoots

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Mandiana-MaganaSignificant mineralised Intersections

Interval (m) Grade

Drill Hole From To Length gpt Gold

RCY 07 56 79 23 1.13

and 101 132 31 1.54

RCY 11 62 76 14 2.58

RCY 12 9 26 17 2.07

RCY 13 44 52 8 1.03

and 57 59 2 2.97

and 71 76 5 1.92

and 109 123 14 1.46

RCY14 39 44 5 1.42

RCY 15 0 12 12 0.88

RCW 19 10 13 3 2.57

and 23 30 7 1.27

and 121 132 11 2.39

RCW 20 65 67 2 2.36

RCW 21 0 24 24 2.08

and 49 52 3 1.04

and 99 108 9 6.4

RCW 22 103 119 16 1.06

RCW 23 42 49 7 1.77

RCD 03 63 76 13 1.05

and 97 107 10 1.1

Interval (m) Grade

Drill Hole From To Length gpt Gold

RCY 37 114 190 76 2.62 (1.41)

Including 189 190 1 123

RCY 36 35 65 30 3.25

Including 53 54 1 20.90

RCY 49 7 10 3 14.83

Including 8 9 1 42.80

RCY 42 73 92 19 1.64

Including 85 92 7 3.42

Including 91 92 1 12.20

RCY 38 66 89 23 1.21

Including 87 88 1 12.20

RCY 41 128 145 17 1.47

RCY 47 151 170 19 1.25

Phase 1 Significant Intersections Phase 2 Significant Intersections

Pipeline – Compelling and substantial drill-targetDalagna Gold Project

• Extension Modern Orpaillage with significant historical alluvial resource

• Analysis of soil sampling has identified geochemical anomaly over 3km in length

• Further sampling at higher density to reduce size of target for initial drilling

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Primary Gold Prospect 1 on Map

Primary Gold Prospect 3 on Map

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Priority areas for Soil Sampling – results pendingMarela Gold Project

• Extensive historic and current alluvial gold artisanal workings

• Very limited modern exploration of prospective Archean greenstone belts for primary gold sources

• Numerous gold anomalies, with values up to 12.7ppm gold identified in stream sediment geochemical surveys undertaken by SMA in 2012

• Follow-up prospecting, mapping and soil geochemical surveys, to define drill targets, in progress with results expected in H2 2013.

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Sovereign Mines of Africa Group Structure

Sovereign Mines of Africa Plc

Guiord SA

Sovereign Mines of Africa Ltd.

Sovereign Mines of Guinea Ltd.

Republic of Guinea 40%

Local Investors 5.0%

John BarryExploration Director

2.5%

100%

100%

52.5%

Shares in Issue: 236,358,850

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Summary

• Sovereign Mines of Africa is a gold exploration and project development company focussed on West Africa with a large gold mineralising system in a strategic location within one of the world’s growing gold provinces.

• SMA owns three highly prospective gold properties in Guinea. • Drilling to date at the Yagbelen Prospect has established a strong

base to build substantial resources within the flagship Mandiana Property.

• Highly experienced exploration management with a track record of major gold exploration, development and production

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Board & Management

David Pearl (Chairman) :• Involved in all aspects of investment, fund management and corporate finance relating to smaller quoted companies.

• Formerly Executive Chairman of London Securities Plc from 1984-94, as well as Non-Exec Chairman of The Crown Suppliers and Deputy Chairman of Medway Ports Authority.

• Executive Chairman of Premier Asset Management Plc from 1995 to1997 and from 1994 to 2001 was a Non Executive Director of Stanley Plc

John Barry (Exploration Director) : • Over 20 years experience working on a range of gold and base metal deposits in Europe, Africa, Australia and Asia and has

discovered, sourced and supervised feasibility studies on multi-million ounce gold deposits in Ghana (Ahafo), Tanzania (Nyanzaga) and Mali (Yanfolila)

• CEO and President of Rathdowney Resources Ltd (TSX-V)

• Non-Exec Chairman of AIM-listed Orogen Gold PLC which is exploring the Deli Jovan gold project in Serbia

Nathan Steinberg (Finance Director) : • Considerable public company experience in the mining sector.

• Member of the Council of the Institute of Chartered Accountants in England & Wales

• Director of Longships PLC and former chairman of east west resources plc. (previsouly Ambrian Capital PLC), the natural resources investment bank

• Former Finance Director of Pan African Resources Plc as well as part of management team responsible for the reverse acquisition of the Barberton Mines located in South Africa in July 2007 which established Pan African as a gold producer

John Prochnau (NED) : • Mining engineer and geologist, with degrees from the University of Washington in Seattle, USA, and McGill University in

Montreal, Canada.

• Formerly held executive positions with Selection Trust Limited, London, where he was responsible for U.S. operations and Billiton International Metals of The Hague, The Netherlands

• Since 1984 he has operated as an international minerals consultant, managed a number of private and public companies and been responsible for gold and base metal discoveries and mine developments in North America, South America and Australia

• Co-founder with David Pearl of Brancote Holdings PLC, which discovered the Esquel Gold Deposits in Argentina and which was sold in 2002 for US$200 million

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Board & Management

James Comyn (NED) :• Career spent conducting business in Africa with many years’ experience of negotiating at government level in Africa.

• Recently working for De La Rue, negotiating high level contracts for the sale of goods and services to Central Banks and Governments in West, Central and East Africa

• Previously MD of four Michelin companies in the Southern Africa region.

Sherif Haidara (Group Vice President) : • MBA in administration and has been CEO since 1998 of La Solutions Inc, which advises companies with business interests in

West Africa.

• Formerly General manager of Societe d’Ingenierie de Financement pour l’Afroque from 1990 to 1994 and of Inversora merden Inc. from 1994 to 1996, responsible for negotiations to re-establish diplomatic relations between Israel and Senegal, Mautitania and Niger. From 1995 to 1997 he was Adviser to the President of Comore and from 1995 to 1998 Special Adviser to the president of Niger.

• He has been a director of Pearl Capital Partners Limited since 2009.

Yury Deryugin (Chief Geologist) : • Russian national, who first worked in Guinea between 1990 and 1993 as Chief Geologist of a Soviet Expedition assisting Guinea

in a geological mapping survey, which included prospect identification in the Dinguiraye and Kerouane areas.

• Has also worked for a private equity backed Russia-Guinean company in the Bagui-Dinguiraye area between 1996-1997 where Sovereign Mines holds one of the Gold Concessions.

• Was one of two senior Russian geologists working for Canadian-listed Moydow Mines who discovered the multi-million ounce E-Zone (Ntotoroso) gold deposit at Ahafo in Ghana which is now an integral part of the Ahafo Gold Mine and Newmont’s flagship gold mines in Africa

Abdoullaya Diallo (Chief Operating Officer, SMG) : • Graduated from the University of Conakry in 1996 with a degree in mathematics.

• He had been employed by SMG since 2009, first as Data and Concesison Manager and more recently as Managing Director. Prior to that he was a consultant to several companies in Guinea advising on logistics.

• From 1998 – 2005 he was employed by World Education Guinea as Logistics Manager and from 1996 – 1997 he was secretary of Administration for Peace Corps Guinea.

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Website: www.sovmines.com

David B Pearl FCA Chairman00353 (0)696 8961david.pearl@sovmines.com

John BarryExploration Director00353 (0)87 669 5608john.barry@sovmines.com

Nathan Steinberg FCAFinance Director0044 (0)207 2697680nathan@munslows.co.uk