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Investor Presentaiton

Disclaimer APPALACHIAN IRON This document (the "Document") is issued by Magnum Mining and Exploration Ltd.. ("Magnum" or the "Company") to provide interested parties with preliminary information in connection with the proposed sale of shares in Magnum. This Document is not intended to form the basis of a decision to purchase the business referred to in this Document or any other investment decision and does not constitute an offer, invitation or recommendation for the sale or purchase of securities or assets by any person, including without limitation or any member of its Groups, or any of their respective directors, officers, partners, employees, agents, representatives or advisers. Neither the information contained in this Document nor any further information made available in connection with the Transaction will form the basis of any contract. The ultimate purchaser of the business or any part thereof will be required to acknowledge in the sale and purchase agreement that it has not relied on, nor been induced to enter into such agreement by, any Document or warranty, save as expressed in such agreement. This Document does not purport to be comprehensive or to contain all the information that a prospective purchaser may need and should be read in conjunction with the "Company Presentation". Each recipient of this Document must make its own investigation and assessment of the business and sites referred to herein and confirms that it is sufficiently expert to understand the risks involved in the Transaction. The contents of this Document have not been verified by Magnum or by any other person. No representation, warranty or undertaking, express or implied, is or will be made or given and, so far as is permitted by law, no responsibility or liability is or will be accepted by Magnum or any of their respective directors, officers, partners, employees, agents, representatives or advisers or any other third party named, or referred to in this Document in relation to the accuracy or completeness of this Document, or as to the achievement or reasonableness of, and no reliance should be placed on, any future projections, management targets, estimates, prospects, returns or assumptions contained herein, or any other written or oral information made available in connection with the Transaction. Any responsibility or liability for any such information is, so far as is permitted by law, expressly disclaimed. Without limitation forward looking information or other estimates or projections with respect to the performance of the business or any of the sites contained in this Document may contain elements of subjective judgement and analysis and reflect various assumptions which may or may not prove to be accurate or realistic. These projections have not been independently verified and must not be regarded as forecasts. This Document has been compiled from, and is based on, information and assumptions from a variety of sources, including reports made available by other producers. Such information and assumptions may not prove to be accurate or realistic. This Document is private and confidential.. On no account may this Document (or any part of it) be copied, disclosed or made available to any person other than the recipient to whom it is addressed. This Document does not constitute in any jurisdiction an offer or invitation for the sale or purchase of any securities or of any of the assets, liabilities, interests, business or entities described herein or the solicitation of any of the foregoing. None of Magnum, the members of its respective Groups or their respective directors, officers, partners, employees, agents, representatives and advisers accept any liability to any person in relation to the distribution or possession of this document in any jurisdiction. In no circumstances will Magnum or any member of its respective Groups be responsible for any costs or expenses incurred by any recipient in connection with any investigation or evaluation of the Transaction or for any other costs or expenses incurred by any person in connection with the Transaction. In furnishing this Document, Magnum undertake no obligation to provide recipients with access to any additional information, or to update, or to correct any inaccuracies which may become apparent in, this Document or any other information made available in connection with the Transaction. Magnum reserves the right, without advance notice, to change the Transaction or to terminate negotiations at any time before the signing of any binding agreement. The issue of this Document shall not be taken as any form of commitment on the part of Magnum to proceed with any transaction. Any prospective purchaser interested in the Transaction is strongly recommended to seek its own legal and financial advice. References in this Document to the term "market" or similarly construed words, are not intended, and should not be read as an admission of a properly defined market for the purposes of any competition, antitrust, or regulatory analysis. In this Disclaimer, the term “Group”, in respect of any person, means such person along with all direct and indirect subsidiaries and subsidiary undertakings of such person. By accepting this Document, the recipient agrees to be bound by the foregoing provisions. Any obligations arising out of or in connection with this Document and any negotiations in relation to the Transaction shall be subject to and governed by Australian law and subject to the jurisdiction of the Australia Courts. ASX PRESENTATION MAGNUM MINING & EXPLORATION PAGE 12
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