Investor Presentaiton

Criteria Section 2 Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section.) Mineral tenement and land tenure status Exploration done by other parties JORC Code explanation Geology • Drill hole Information Data aggregation methods Relationship between mineralisation widths and intercept lengths Diagrams Balanced reporting Other substantive exploration data Further work • • Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. Acknowledgment and appraisal of exploration by other parties. Deposit type, geological setting and style of mineralisation. A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: о о easting and northing of the drill hole collar elevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collar о dip and azimuth of the hole о о hole length. down hole length and interception depth If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case. In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated. Where aggregate intercepts incorporate short lengths of high-grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. The assumptions used for any reporting of metal equivalent values should be clearly stated. These relationships are particularly important in the reporting of Exploration Results. If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg 'down hole length, true width not known'). Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling). Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, Commentary E45/4933. P45/2983 are under application in the Name of John Williams. E45/4336, E45/4568, P45/2929 are licences in the name of John Williams. Rincon Resources Ltd through its wholly owned subsidiary South Telfer Mining Pty Ltd has executed an agreement and has 100% of the rights of the aforementioned tenements. E45/5363, E45/5364, E45/5359 are applications in the name of South Telfer Mining Pty Ltd a 100% owned subsidiary of Rincon Resources Ltd. All tenements are subject to Determinations, recognizing that the Martu Native Title Holders hold native title rights to Determination Area A and Determination Area B, including the right to possess, occupy, use and enjoy the land and waters of the Determination Areas to the exclusion of all others. Before tenements are granted Rincon is required to enter into a Land Access Agreement with the native title rights holder. The majority of past exploration work within the project area including drilling, surface sampling; geological mapping has been largely completed by Newcrest Mining Limited and its predecessor Newmont Mining Australia Ltd owners of the Telfer Gold Mine. The reports are available on the DMIRS WAMEX open file library. The Geological Survey of Western Australia (GSWA) and Geoscience Australia has also completed regional geological and geological programs on the Paterson Provence in which the tenements are located which are available to member of the public. Parallel Range Project, gold-copper mineralisation is hosted by laminated and banded carbonaceous pyritic dolomitic siltstones and micritic dolomite. Intrusive dolerite units are also known to be associated with mineralisation within the sequence. The host rocks are variably contorted and brecciated with intense albite alteration. High grade gold, chalcopyrite, +/-arsenopyrite, +/- pyrite occur as veins which appear linear features and are spaced up to 50 m apart. Based on recent Leapfrog modelling of past work undertaken by Criterion there appears to be ore shoots associated with secondary structures cutting the veins that have a plunge and have not been adequately tested. Telfer South Project. Two principal targets are being targeted. Stacked reef's associated with domal structure similar to the Telfer Gold-Copper Mine. The second target is gold mineralisation associated with shear zones cross cutting dolerite units intruding the sedimentary sequence. Details information on past drilling is available in exploration reports mentioned in section 1 The current document is only intended to provide summary of past exploration activity and principal targets identified and as such detail is not appropriate for inclusion. Results reported in the presentation have been taken from the exploration reports on the work submitted to the Western Australian Geological Survey. Some of the targets are very preliminary in nature and results are reported at low detection levels. The more advanced targets were significant drilling has been undertaken results lower cut off grades and aggregating methods are generally not detailed in the report but would likely reflect the cut off grades operating at the Telfer mine at the time the results were reported. All intersections reported are down hole intervals no suggestion of true widths is implied. The geological maps and plans provided in the presentation are designed for presentation purposes and are general by nature. No detailed drill plans or sections are available at the current time. The presentation has been prepared as an information document to highlight the main targets and positive drill results based on past exploration within the project area. Not all exploration results are shown. Rincon has not completed any on-ground exploration work on the tenement and is relying on exploration data completed by previous tenement holders within the project area. Exploration work to date has largely been of a preliminary or reconnaissance nature. The company is aware of regional scale aeromagnetic surveys and geological mapping program undertaken by past explorers and has access to versions of the data that is available in reports. Also surface soils and rock chip sampling programs have been undertaken over many parts of the project area. That has not been fully compiled by the company as yet. No work on metallurgical properties of potential gold mineralisation within the project area is known. High arsenic results associated with elevated gold copper grades have been returned in drilling within the Parallel Range Area. At this stage this is not believed to be a major issue as similar metal associations are known to occur in the Telfer orebody. The company has planned to further test several targets as detailed in this release Diagrams in the report provide details of the principal targets within the project area based on work of past explorers. 5| Page