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Copper  Rich  Porphyry  Targets  in  PNG  

Keveri  Porphyry    Copper-­‐Gold  Project  

Golden Birch Resources Inc.Corporate PresentationAlan Martin, Director, September, 2018

PRIVATE  and  CONFIDENTIAL:  Not  for  Distribu<on  or  Publica<on  without  consent  

Disclaimer  

 Disclaimer to United States Investors This document does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities of the Company have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. No Incorporation by Reference No information included herein shall be deemed to be incorporated by reference into any of Golden Birch's regulatory filings, unless expressly indicated in any such filings. In addition, no information shall be incorporated by reference into this website, unless otherwise specified. Exclusion of Liability Golden Birch shall not be liable for any claims, expenses, damages (including direct, indirect, special, incidental, punitive or consequential damages), loss of profits, opportunities or information arising from: the use of or reliance on information contained in this document;

• any inaccuracy or omission in such information or failure to keep the information current; • any delays, inaccuracies or errors in, or in the transmission of, any stock price quotes or historical price data;

and • any other matter connected with this website; even if Golden Birch is made aware of the possibility of such

claims, expenses, damages or losses.

Securities regulators have not reviewed the information in this document and no securities regulator accepts responsibility for the adequacy or accuracy of this document. Technical information presented in this document have been reviewed by Mr I. Taylor, MAusIMM(CP) (December 9, 2019), a consultant to the Company and a "qualified person" under National Instrument 43-101.

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Forward  Looking  Statements  

This document contains "forward-looking information" within the meaning of applicable Canadian securities legislation and United Stated federal securities laws. Forward-looking information includes, but is not limited to, information with respect to future exploration and development plans, the adequacy of Golden Birch's financial resources, business plans and strategy and other events or conditions that may occur in the future. Generally, forward-looking information can be identified by the use of forward- looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward- looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Golden Birch to be materially different from those expressed or implied by such forward-looking information, including risks associated with the exploration, development and mining industry such as economic factors as they effect exploration, future commodity prices, obtaining financing, market conditions, changes in interest rates, actual results of current exploration activities, government regulation, political or economic developments, environmental risks, insurance risks, capital expenditures, operating or technical difficulties in connection with development activities, personnel relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of resources and reserves; contests over title to properties, and changes in project parameters as plans continue to be refined. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Assumptions have been made regarding, among other things: Golden Birch's ability to carry on its exploration and development activities, the timely receipt of any required approvals, the price of metals, the ability of Golden Birch to obtain qualified personnel, equipment and services in a timely and cost-efficient manner, the ability of Golden Birch to operate in a safe, efficient and effective manner, the ability of Golden Birch to obtain financing on acceptable terms, the accuracy of Golden Birch's resources estimates and geological, operational and price assumptions on which these are based and the regulatory framework regarding environmental matters. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Although Golden Birch has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Golden Birch does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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• Targe<ng  +100mt  porphyry  copper-­‐gold  deposits  within  key  geologic  belt  in  PNG  that  hosts  some  of  the  world’s  largest  Cu-­‐Au  mines  (Grasberg)  &  undeveloped  deposits  (Wafi  Golpu)  • Southeast  region  of  PNG  truly  “Elephant  Country”.  Same  structures,  same  geology  but  under-­‐explored.  Geological  parallels  to  Grasberg  &  Wafi-­‐Golpu  • We  don’t  want  to  be  miners.  Objec<ve  is  to  discover,  drill,  complete  PFS/DFS  &  likely  divest  to  majors  (eg  Newcrest,  Harmony  Gold)  who  operate  very  successfully  in  PNG  • Historic  explora<on  within  Tenement  package  (>=$10m)  has  iden<fied  numerous  large  targets  with  broad  zones  of  copper  mineralisa<on  &  altera<on  typical  of  porphyry  copper-­‐gold  deposits.  Detailed  explora<on  now  required  • CEO  has  history  of  iden<fying  projects  that  were  company  makers  for  juniors  (Extract,  Intrepid)  &  crea<ng  shareholder  value  (ex  CEO/MD  of  SolGold  plc).   4  

       

ExecuBve  Summary  

• Golden  Birch  Resources  Inc.  (GBR)  has  signed  an  Exclusive  Op<on  toearn  up  to  85%  in  2  tenements  (EL  2391  &  EL  2560,  both  current)located  approximately  200  kms  southeast  of  Port  Moresby,  PapuaNew  Guinea.  Op<on  deal  over  84  mths  includes;  cash  (A$1.3m)  &cash/share  payments  at  GBR  elec<on  (A$5.1m).  Explora<onexpenditure  (A$0.3m  in  Yr  1)  &  13,000  m  core  drilling  withinTenements  over  6  yrs.  Deal  terms  very  compe<<ve  with  recenttransac<ons  for  juniors  acquiring  big  porphyry  projects.

• Investors  like  junior  explorers  with  big  porphyry  Cu  discoveries  &  thematerial  wealth  crea<on  that  results.  SolGold  plc  discovered  the  AlpalaCu-­‐Au  porphyry  in  Ecuador  in  Sept  2013,  market  capitalisa<on  wentfrom  GBP20m  to  +GBP500m  in  3.5  yrs!  Newcrest  invested  US$80m  &now  owns  14.5%  of  SolGold.  Newcrest  on  the  hunt  for  more  deals.

• MulBple  targets  exist  within  Tenements,  each  with  potenBal  to  host+100mt  @  >=1%  Cu  +  Au  credits.  Any  one  of  these  can  deliver  a  ++$100m  market  value  &  “company  maker”  to  GBR

• Opportunity  for  investors  to  parBcipate  in  a  major  discovery  that  can  provide  material  upside  leverage  (20  -­‐  40x)    

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ExecuBve  Summary  

•  Detailed  explora<on  program  on  EL  2391  &  EL  2560  to  comprise:    •  Next  3-­‐6  months:  •  grid-­‐based  geochemical  sampling  (soil  &  rock)    •  detailed  geological  mapping  •  Interpreta<on  of  airborne  geophysical  data  (modelling  complete)  •  Post  lis<ng:  •  drill  tes<ng  key  targets  •  mul<-­‐rig  drill  program  once  discovery  is  made  

•  Low-­‐cost  explora<on  to  be  implemented  post  construc<on  of  an  access  road  access.  Ini<al  drilling  program  post  lis<ng  likely  to  be  3000  m  (est.  cost  $2-­‐$4m)  to  earn  51%  of  Tenements.    •  Mining  industry  integral  to  PNG  economy,  compe<<ve  tax  rates,  improving  infrastructure  with  mega  LNG  projects  in  country  

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ExecuBve  Summary  

•  President,  CEO  &  Managing  Director  Alan  Mar<n  has:  •  A  strong  geological  background,  and  +20  yrs  experience  in  investment  markets  specialising  in  metals  &  mining  

•  Enviable  track  record  in  investment  markets  of  iden<fying  &  inves<ng  in  juniors  with  exposure  to  big  project  success  stories  eg:    Extract  Resources  giant  Husab  uranium  discovery  (Namibia),  Tujuh  Bukit  porphyry  Cu-­‐Au  deposit  for  Intrepid  Mines  (Indonesia).  

•  Crea<ng  shareholder  value  as  CEO/MD  of  SolGold  from  2013  to  2015  during  early  discovery  of  Alpala  Cu-­‐Au  porphyry  deposit  in  Ecuador  

•  Iain  Mar<n,  exec.  director  (based  in  Timmins,  Ont.  Canada):  •  Mining  engineering  degree  from  Queen’s  University  •  +20  yrs  experience  as  porsolio  manager  with  RBC  Dominion  Securi<es  •  Provides  corporate  &  administra<on  func<on  for  GBR  in  Timmins  •  Extensive  network  of  contacts  in  North  America,  technical  &  financial  •  President  &  director  of  5SD  Capital,  Ontario  based  explora<on  &  investment  company    

 

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GBR  –  Directors  &  Exec  Management  

•  Jean  Roy  (Timmins,  Ontario):  •  Graduated  Ryerson  Polytechnical  Ins<tute  1971  (Architecture).  •  Former  business  advisor  to  “Pelangio  Larder  Mines”  in  the  acquisi<on  of  a  major  interest  

in  the  mul<-­‐million  oz  Detour  Lake  gold  deposit  •  Former  advisor  to  Richfield  Ventures  Inc.  during  discovery  of  Blackwater  gold  deposit,  

BC,  Canada.  •  Currently  President  of  JCML  Resources  Inc.  private  junior  resource  co.    

•  Robert  Middleton  (Thunder  Bay,  Ontario):  •  Graduate  of  Hailebury  School  of  Mines  1965.  •  First  geophysicist  for  Ontario  Department  of  Mines  •  Vice  President  Rosario  Resources  during  discovery  of  Bell  Creek  gold  deposit  Timmins,  

now  owned  by  Tahoe  Gold.  •  Responsible  for  discovery  drill  hole  for  Goliath  gold  deposit,  Hemlo,  Ontario  •  Experience  with  7  publicly  traded  companies  •  Experience  with  feasibility  studies  and  financing  of  major  mining  projects.  

   •  George  Pirie  (Timmins,  Ontario):  

•  Past  President  &  CEO  Placer  Dome  Canada  •  Extensive  junior  mining  experience  on  Boards  &  at  execu<ve  level  •  Extensive  experience  in  Canadian  Capital  markets    

 

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GBR  –  Canadian  Advisors  

 •  Dr  Alistair  Cowden  (Perth,  Western  Australia):  

•  Honours  degree  (Geology)  Edinburgh  &  PhD  University  of  London,  UK  •  Key  geologist  in  Delta  Gold’s  discovery  team  for  some  of  Australia’s  major  gold  deposits,  Kanowna  Belle  &  Sunrise  Dam  (WA)  

•  Successful  career  star<ng  junior  explora<on  &  mining  companies.  Crea<ng  substan<al  value  for  shareholders  thru  discovery  &  resource  defini<on  &  in  most  cases  being  acquired  by  larger  mining  companies.  Last  deal  Copper  Mountain’s  (CMMC.TO)  acquisi<on  of  Altona  Mining  (AOH.ASX)  which  earned  London  Mines  &  Money  Small  &  Mid-­‐Cap  Deal  of  Year  Award  2014.  

•  Digger  &  Dealer  Award  1995  for  Junior  Explorer  of  the  Year  (Archaean  Gold)    

•  Ian  Daymond  (Sydney,  Australia):    •  Extensive  legal/commercial  experience  with  junior  and  major  ASX  listed  explora<on  &  mining  companies  (eg  WMC  Ltd  &  Delta  Gold  NL)  

•  Extensive    background  in  global  mining  industry  

 

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GBR  –  Australian  Advisors  

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Superb  Geological  Se]ng  for  World  Class  Cu-­‐Au  Deposits  

Keveri  Project  

Porphyry  Cu-­‐Au    Targets  

New  Guinea  (“Mobile”)  Fold  Belt  

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Truly  Elephant  Country  –  excellent  potenBal  for  GBR  to  bag  an  elephant  (s)  

Keveri  Cu-­‐Au  Project  EL  2391  &  EL  2560  –    

“Dimidi  Trend”    Transverse  Fault  (David  Lindley)  

In  New  Guinea,  the  upper  crust  is  rich  in  Late  Miocene  and  Pliocene  copper–gold  deposits,  yet  the  host  intrusives  are  mainly  in  the  New  Guinea  Fold  Belt  and  are  of  mantle  origin  and  not  directly  subducBon-­‐related.  Structural,  thermochronological  and  geodynamic  analyses  of  the  Grasberg,  Porgera,  Ok  Tedi  and  Frieda  River  deposits  show  that  the  richest  deposits  occur  along  the  eastern  edge  of  the  intersecBons  between  long-­‐lived  crustal  transfers  perpendicular  to  strike  and  strike-­‐parallel  crustal  extensional  faults  that  were  strongly  inverted  during  Late  Miocene  –  Pliocene  orogenesis.  The  deposits  are  all  associated  with  north-­‐northeast-­‐trending  transfers,  (source:  Hill,  Kendrick,  Crowhurst,  Gow,  2002,  direct  quote  from  source)  

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Outstanding  Structural  Se]ng  for  Keveri  -­‐    large  targets  with  lots  of  copper  mineralisaBon  in  outcrop  

Omu  -­‐  large,  altered  &  mineralised  diorite  intrusive  with  chalcopyrite  &  bornite,  0.7%  to  +5%  Cu  in  outcrops  600m  apart  (target  1).  Target  2  is  a    large  “3D  magne<c  inversion  anomaly”  suggests  major  porphyry,  no  drilling  on  either  targets.  

Araboro  –  large  area  of  argillic  altera<on  (>=  1km  x  1  km),  altered  diorite  intrusive  float  grading  1.16%  Cu  in  centre  of  target,  strongly  fractured/brecciated  basalt  outcrop  with  quartz-­‐pyrite-­‐malachite  grading  0.23%  Cu,  no  drilling    

Ioleu  

Ioleu  -­‐  2  large,  altered  mafic  intrusives,  high  grade  Cu  in  outcrop  &  float  (3-­‐10%  Cu)  defined  to  Ioleu  target  area  (3  sq  kms),  no  drilling  

Approximate  posiBon  of    Keveri  Project  Tenement  boundary    

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Regional  Geology  -­‐  outcropping  “diorite”  intrusives  similar  age  as  major  Cu-­‐Au  deposits  in  PNG  

Omu    

Araboro   Ioleu  

Urua  

Major  Regional  Structure  within  New  Guinea  Fold  Belt  –  “Keveri  Fault”  

Porphyry  “intrusive”  Cu-­‐Au  targets  

•  1966  –  CRA  Explora<on,  targe<ng  Ni  in  Ada’u  &  Domara  River  valleys,  collec<on  of  75  stream  sed  samples,  assayed  for  Ni,  Cu,  Cr,  Co,  Pb,  Zn,  Ag  &  Mn.  

•  1967  –  Interna<onal  Southern  Explora<on  Ltd,  acquired  tenement  within  weeks  of  CRAE  relinquishment  above,  with  Ni  as  key  target.  Collec<on  of  4,872  str  sed  samples.  

•  1978  –  Nord  Resources  •  1988  –  1992  Highlands  Gold  through  acquisi<on  of  Pagini  Resources,  stream  sed  sampling  with  follow-­‐up  “length  

of  stream”  regional  prospec<ng,  with  numerous  anomalies  iden<fied:  Dimidi  Creek  pannable  Au  &  Pt,  Oiso  Creek  cobble  of  massive  chalcopyrite  assayed  29%  Cu,  35.5  g/t  Ag,  0.2  g/t  Au,  Waki  Creek  cobble  of  chalcopyrite  assayed  28%  Cu  &  0.32  g/t  Au,  Urua  Creek  pannable  Au  noted,  Araboro  Creek  pannable  Au,  sample  of  qtz-­‐sulphide  rock  collected  from  lower  Araboro  Creek  assayed  1.3%  Cu  &  0.14  g/t  Au,  Ioleu  Creek  1989  Au  anomaly  traced  to  a  headwater  tributary  (Ioleu  Creek)  where  a  large  1500m  x  1000m  zone  of  argillic  altera<on  &  pannable  Au  was  discovered.  

•  1998  -­‐  Niugini  Nickel  NL  focus  of  explora<on  mainly  Ni-­‐Co-­‐Cr.  Tenement  held  for  3  consecu<ve  2  year  terms,  relinquished  in  2006.  

•  2007  –  Papuan  Precious  Metals  Ltd,  founded  by  David  Lindley  in  2006  to  explore  specifically  the  Mt  Suckling  area.  PPM  listed  on  the  TSXV  n  2010.  Fieldwork  completed  between  2007  and  2010.  Airborne  geophysical  survey  (Fugro)  completed  in  2010.  Geological  mapping  at  Doriri  and  Urua,  preliminary  inves<ga<on  of  Araboro.  A  1300m  x  900m  grid  was  established  at  Urua  with  collec<on  of  soil  samples,  broad  geological  mapping  &  3D  IP  surveying.  3  holes  were  drilled  at  Urua,  2  beneath  Trench  1  (42m  @0.1%  Cu  &  0.21  g/t  Au)  &  third  hole  tested  a  strong  IP  chargeability  anomaly  in  ultramafic  sequence.  The  2  drill  holes  beneath  Trench  1  delivered  encouraging  Cu-­‐Au  intercepts.  Four  drill  holes  were  completed  at  Doriri  in  early  2012  with  encouraging  results.  PPM  withdrew  from  explora<on  in  PNG  in  mid-­‐2012  with  Canadian  directors  taking  control.  Total  expenditure  approx.  $7m.  

•  Private  PNG  registered  company  (wholly-­‐owned  by  Australian  private  company  who  is  Vendor  of  EL  2391  &  ELA  2560)  acquires  tenement  in  Dec  2015.    Limited  explora<on.  Empire  in  advanced  discussions  with  Vendor.  

•  Not  enough  detailed  explora<on  over  the  last  +50  yrs!  Despite  total  explora<on  expenditure  >>US$10m.   14  

       

Historic  ExploraBon  –  mainly  reconnaissance    over  last  52  yrs  

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Keveri  Project  –    not  far  from  Port  Moresby  

100kms  of  Sealed  road  from    Port  Moresby  

100kms  of  Dirt  track    

Track  access  to  Doma  Village   Doma  village  

Ada’u  Valley  Cu    Project  Area  approx  20  kms  NNW  of  Doma  village    eleva<on  400  –  650  m  asl  

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Historic  exploraBon  idenBfies  mulBple  porphyry  Cu-­‐Au  targets  close  to  intersecBon  of  NW-­‐SE  Keveri  fault  &    

NNE  trending  transverse  zones  (Dimidi  Trend)    

Major  Transverse  Zone    “Dimidi”  Trend  &  parallel  structures  

Keveri  Fault  

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Tenement  Coverage  Excellent  for  Keveri  Project  6  Cu-­‐Au  Targets  along  +20  km  strike  

EL  2391  and  EL  2560    cover  all  of  the  known    Copper  porphyry  targets  

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Key  Copper-­‐Gold  Targets  at  Keveri  

Targets   Discovery   Cu  >1%  on  surface   Drilling   Comments  

1.  Omu   2014  5.4%  Cu  from  o/c,  2.75%  Cu,  0.69  g/t  Au  float  of  brecciated  diorite  

No  

Brecciated  &  veined  diorite,  with  chalcopyrite  &  bornite,  0.71%  to  5.4%  Cu  in  o/c  over  +600m  E-­‐W  x  +150m  N-­‐S  area,  within  broad  soil  anomaly  800m  x  400m,  up  to  1318ppm  Cu  in  soils.  3D  inversion  anomaly  represents  2nd  major  target  

2.  Ioleu   2010   Yes   No  

2  diorite  intrusives,  30  outcrop/float  samples  >1%  Cu  &  up  to  9.95%  Cu  in  outcrop,  chalcopyrite  &  bornite  in  quartz  veins,  pannable  crystalline  Au  

3.  Araboro     2010   1.3%  Cu,  0.14  g/t  Au  float   No   Large  area  of  argillic  altera<on,  qtz-­‐py-­‐

covellite  float  1.16%  Cu,  excellent  target  

4.  Urua   2008   36m  @  0.72%  Cu,  0.97  g/t  Au  in  Tr  5   3  holes  

Cu/Au  soil  anomaly  (700m  x  300m)  not  fully  tested,  no  drilling  at  Trench  5.  3D  inversion  anomaly  

5.  Oiso   2013   Yes   No  Cobble  of  massive  chalcopyrite  assayed  29%  Cu,  0.2  g/t  Au,  needs  reconnaissance,  3D  inversion  anomaly  

6.  Yokai   2013   0.37%  Cu  float   No   3D  Inversion  anomaly  Reconnaissance  highly  recommended  

•  Recently  discovered  (2014),  large,  altered  &  mineralised  diorite,  at  least  600m  E-­‐W  x  200m  N-­‐S  (“Omu  Main”)  •  Incompletely  defined  Cu-­‐soil  anomaly,  800m  x  400m.  Values  up  to  1318  ppm  Cu  &  numerous  >300ppm  Cu    •  Coincident  high-­‐grade  (5.4%  Cu)  outcropping  Cu  mineraliza<on  (as  chalcopyrite  &  bornite)  in  qtz-­‐veined  altered  diorite  intrusive  •  Large  3D  “magne<c-­‐high”  inversion  anomaly  suggests  presence  of  a  2nd  major  porphyry  target  (Omu  NW)  close  to  surface,  extends  to  +1000m  depth,  parallels  to  Wafi-­‐Golpu  •  Limited  reconnaissance  explora<on  to-­‐date  •  Target  defini<on  highly  recommended  to  be  followed  by  drill  tes<ng  

   

19  

       

Omu  –  2  Large  Targets  

20  

       

Omu  “Main”  High  Grade  Cu  (5.4%)  in  outcrop  

Malachite  Chalcopyrite  

Altered  Diorite  

Qtz  veining  in  altered  diorite  

Note:  all  rock  samples  are  from  the  same  outcrop,  sampled  as  #  16659.  

discovered  in  2016  

•  Extensive  zone  of  altera0on,  >  1km  x  1  km,  located  adjacent  to  key  Keveri  Fault.  • Pannable  gold  in  Araboro  Creek.  •  Float  of  brecciated  quartz-­‐pyrite-­‐covellite  in  fine  grained  diorite  intrusive  grading  1.16%  Cu  (PPM).  •  Float  in  lower  Araboro  Creek  (Highlands  Gold,  1990  recce)  yielded  1.35%  Cu,  0.14  g/t  Au  • Very  liWle  explora0on,  follow-­‐up  warranted  

1  

       

Araboro  Copper-­‐Gold  Target  

2  

       

Araboro  –  large  altera2on  area  typical  of  porphyry  deposit    

•  Associated  with  structural  splay  off  Keveri  Fault  •  2  diorite  intrusions,  one  1400m  x  600m,  2nd  is  600m  by  900  m  •  High  grade  copper  in  outcrop,  up  to  9.95%  Cu  • Mul0ple  angular  float  over  a  3  sq  km  area  •  Angular  float  contains  copper  sulphide  veins  (up  to  10  cm  thick,  with  chalcopyrite  &  bornite)  coincident  with  strongly  altered  diorites.  Most  results  3-­‐10%  Cu  •  Pannable  crystalline  gold  •  Recce  soil  values  up  to  582  ppm  copper  •  Limited  explora0on,  follow-­‐up  required    

3  

       

Ioleu  Copper-­‐Gold  Targets  

 1.   Compila2on  of  all  historical  data,  generate  target  maps.  2.   Interpreta2on  &  modelling  of  airborne  magne2c  geophysical  data  (underway)  3.   Detailed  Explora2on  program  can  commence  immediately,  ini2ally  western  sec2on  of  

Tenements,  including  Omu  targets  (Main  &  NW),  Yokai  &  Oiso  &  once  listed  eastern  sec2on  of  EL’s  (including  Araboro  &  Ioleu  targets);  grid-­‐based  geochemical  sampling  (soil  &  outcrop)  &  detailed  geological  mapping.  Timing  2H2018  at  es2mated  cost  of  $250-­‐350k.  

4.   Once  listed  construct  25  km  access  track  for  4WD  vehicles.  Access  historically  has  relied  on  helicopter  transport  which  is  expensive.  

5.   Drill  tes2ng  key  targets  post  Lis2ng  (Omu  Main  &  Omu  NW)  in  2H  2019,  at  least  3000m  core  drilling.  Ini2al  Explora2on  Budget  in  Yrs  1-­‐3  $2-­‐4m  to  sa2sfy  Expenditure  commitment  to  earn  51%  of  Tenement  package.  

6.    Followup  detailed  drilling  (+2020)  at  individual  targets  based  on  first  pass  drilling  results,  10,000m  for  $5-­‐7m  (to  earn  85%),  using  man  portable  rigs  &  serviced  by  road  access.  

7.   Infill  drilling  to  generate  JORC  Resources  (inferred  &  indicated,  possibly  some  measured).  Timing  post  2021,  cost  could  be  $15-­‐20m  for  30,000m.  

8.   Preliminary  metallurgical  test-­‐work.  9.   Preliminary  Economic  Assessment  (PEA)  &  Scoping  Study  (in  3  yrs).  10.   Comple2on  of  PFS  followed  by  DFS  post  infill  drilling  program.  Maximise  op2mum  

route  to  crystallise  value  for  shareholders.  Timing  4-­‐6  yrs.  

 

4  

       

GBR’s  Proposed  Explora2on  Program    –  “boots  on  the  ground  to  DFS”  

5  

       

Proposed  Access  Road  to  Keveri  Project  –    key  to  enable  low-­‐cost  explora2on  

Dashed  line  is  possible    Route  for  access  road,    

Doma  Village,  4  WD  access  to    Doma  village    Exis0ng  Access  Road  From  Port  Moresby  

6  

       

Access  Route  from  Doma  Village  to    EL  2391  –  user  friendly  topography  

exis0ng  access  road  from  Port  Moresby,  capital  of  PNG  

Ada’u  River  

Eleva0on  asl  

Port  Moresby  approx.  190  kms  

7  

       

Landowner  Rela2ons  –      Very  Suppor2ve  Local  Community  

Landowner  support  for  explora0on    at  Ada’u  Valley  is  very  strong.  David  Lindley  (pictured  led,  Technical  Director  of  PML  &  Vendor)  has  been  associated  with  the    local  community  at  Doma  village  for  +10  years.    David’s  rela0onship  is  such  that  the  Landowners    have  given  him  and  his  wife,  Bertha  (who  is  from    New  Britain),  a  parcel  of  land  on  the  Ada’u  River.  

David  Lindley  with  people  from  Doma  village  

Local  community  very  suppor0ve  of    explora0on,  source  of  employment  for    explora0on  ac0vi0es      

8  

       

Value  Crea2on  Poten2al  -­‐    Huge  Upside  

Value          $100’s      m

illions  

Defini2ve  studies  &  commercialisa2on    

Project  Progression        (0me,  yrs)  

Define  drill  targets  at  Omu,  Ioleu,  Araboro,  Ioleu  &  Urua    

Drill-­‐test  mul2ple  targets  (Omu,  Ioleu)  achieve  high  grade  intercepts  

Establish  JORC/43-­‐101  compliant  resources  

Evaluate  produc2on  opportuni2es  (Scoping/PEA/PFS)  

Seeking  +100mt  size  porphyry  deposits  with  >=1%  Cu  &  >0.5  g/t  Au  from  drilling  close  to  surface.    MulJple  targets  present  within  Tenement  package  that  can  deliver  this!  

9  

       

Op2on  Terms  to  Acquire  85%  of  Keveri  –    EL  2391  &  EL  2560    

Time   Payment/commitment   Comments  

Sign  Agreement   $129,000  cash    6  mths  Exclusivity  on  payments  of  $129,000  on  signing  Op0on,  addi0onal  6  mths  exclusivity  for  $100k  &  final  6  mths  for  $200k.  

@  Lis0ng  to  36  mths    $1.5  million  cash  or  shares  at  GBR  elec0on  

Earns  51%  

IPO  or  Lis0ng  event  within  18  mths,  minimum  $3m  Financing.  On  Lis0ng  $600,000  equity  to  Vendor  +  A$150k  cash,  complete  $400,000  Explora0on  Expenditure  in  Yr  1  post  Lis0ng  &  complete  3000m  drilling  within  30  mths  of  Lis0ng.  Payments  (cash  or  shares  at  GBR  elec0on)  at  30  mths  $0.5m,  @  36  mths  $1.5m  to  earn  51%  of  Tenements.  

@  48,  60  &  72  mths  from  Lis0ng  

$3.0  million  cash  or  shares  at  GBR  elec0on  

Earns  85%  

Complete  10,000  m  drilling  within  72  mths  of  Lis0ng.  Payments  (cash  or  shares  at  GBR  elec0on)  of  $0.5m  @  48  mths,  $1.0m  @  60  mths,  $1.5m  @  72  mths  to  earn  85%  of  Tenements.  

From  Lis0ng  to  72  mths   $0.15m  cash  pa   Cash  payments  per  annum  un0l  85%  interest  earned  in  PML,  PNG  registered  company  that  holds  100%  of  Tenements.    

@  85%  of  PML   GBR  to  cover  100%  of  costs  to  DFS  

Once  payments  have  been  made,  GBR  will  have  earned  85%  of  PML  &  no  further  payments  required  to  Vendor.  GBR  carries  100%  of  future  Tenement  costs  to  a  DFS.  Vendor  can  elect  to  be  funded  to  produc0on  on  certain  terms,  with  full  recovery  of  costs  available  to  GBR.  

Royalty   2%   1%  can  be  purchased  (ie  50%  of  the  2%  NSR)  any  0me  for  $1.5m  post  earning  the  85%  interest  

Board  of  Listed  Co   4-­‐5  directors  on  lis0ng  1  independent  chairman,  2  nominees  from  GBR,  2  nominees  from  Vendor,  once  85%  is  earned  of  PML  board  representa0on  is  pro-­‐rata  GBR  nominees.    

10  

       

GBR    Current  &  Proposed  Capital  Structure  

§  Status  :  private,  Ontario  registered  company  §  Registered  address:  Timmins,  Ontario,  Canada.  Corpora0on  #:  1043482-­‐5  

§  Directors:  Alan  Mar0n  (Pres/CEO),  Iain  Mar0n  (director  &  company  secretary)  

§  Advisors:  Jean  Roy,  Dr  Alistair  Cowden,  Robert  Middleton,  George  Pirie  &  Ian  Daymond  

§  Issued  shares:  3.333m  (founding  directors,  &  small  equity  raising  to  related  par0es)  

§  Last  issue  price:  3c  (cash  in  bank  prior  to  capital  raising  approx.  $9k,  nil  debt)  §  Proposed  capital  raising  (financing  #1):  $0.867m  (as  at  26  Aug,  Firm  commitments  of  $500k)  

§  Issue  price:  5.1c                  Shares  proposed  to  be  issued:  17.0m    

§  Proposed  issue  of  shares  to  directors/advisors  for  consul2ng  fees:  approx.  $121k,  2.378m  @  5.1c  

§  Issued  shares  post  Equity  Raising  (#1)  of  $0.867m:  22.712m  

§  Implied  Equity  Valua2on  post  raising  at  5.1c:  approx.  $1.15m  (incl  $0.85m  cash)  §  Use  of  Funds  (in  #1  raising):  op0on  &legal  fees,  detailed  Explora0on  program  to  define  drill  targets,    

                 comple0on  of  NI  43-­‐101  Report,  commence  work  on  IPO  

§  Equity  interest  for  new  investors  in  GBR  @  5.1c:  approximately  75%  

§  Future  Proposed  Fund  Raising  (#2):  approx.  $0.3m  @  >=7.5c  (0ming  Mar  qtr  2019)  §  Proposed  Use  of  Funds  (#2):    legal  &  other  fees  associated  with  IPO  lis0ng  (CSE)  by  mid  2019  

§  Proposed  IPO  Equity  Raising:  $5.0  –  7.0  m  @  >=15c,  with  proceeds  to  fund  drill  tes0ng  of  key  targets  (0ming  of  Lis0ng  Jun  quarter  2019).  

 

 

11  

       

JV  Structure  of  Op2on  Deal  with  Vendor  

Golden  Birch  Resources  Inc  (GBR)  Directors  of  IPO  Co  –  5  (2  GBR,  2  Vendor,  1  

independent  chairman)  Pres/CEO  –  AM  

List  on  CSE  post  definiJon  of  drill  targets    

Vendor  -­‐  PMPL  (Papuan  Minerals  Pty  Ltd  

Australian  registered  private  co)  

100%  

PNG  Tenements  –  EL  2391  &  EL  2560  (Owned  100%  by  Papuan  Minerals  Ltd  (PML),  “PNG  –  registered”  company)  

Investors  –  North  America,  UK  Australia  

Earning  85%,  see  slide  9      

PML  

Issued  Capital  Xm  shares  

Landowners  –  MOU  Memorandum  of  Understanding  

Interest  reducing  to  15%,  see  slide  9      

12  

       

Golden  Birch  Resources  Inc.  

Registered  Office:  Timmins,  Ontario  Canada  

Regional  Office:  Sydney,  NSW,  Australia    

Contact  details:        Alan  Mar2n,  E:  alanmart@bigpond.net.au,  C:  +61.488.22.3828  

                                                                                             Iain  Mar2n,  E:  mar2niainr@gmail.com,  C:  +1.705.288.0249