Investor Presentaiton

Exploration - Use of Proceeds (GBP) Exploration Cost per meter Drilling Cost per meter Laboratory Cost per meter Activity 29 29 £ 264* UOM Total Project £ 142 Exploration GBP £ 3 133 614 £ 23 Reports and Studies GBP E 470 000 £ 99 Corporate and Admin GBP £ 980 832 Marketing GBP £ 249 563 *Listing fees GBP £ 0 Corporate Finance fee GBP £ 330 000 Total GBP £ 5 164 009 Geologist and enabling Licensing, *Excluding: Infrastructure, Logistics and Community relations Corporate Finance fee Marketing 5% 6% Corporate and Admin 19% Reports and Studies 9% Exploration 61% *Proceeds from Pre IPO raise to be used for AIM listing The Proceeds will be used to add value through the completion of: • • • JORC-compliant Indicated Mineral Resources Report on the 3 current prospect areas Early stage Scoping Study / Pre-feasibility Study Identifying significant mineralisation on the other 17 prospect areas AFRICAN LIONS GOLD plc

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