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INVESTOR PRESENTATION JULY 2020

ARANJINRESOURCES.COM ARANJIN RESOURCES LTD (TSXV: ARJN)

THE HOME OF BIG COPPER

COMPANY SNAPSHOT

Aranjin Resources Limited is transitioning to a multi-project developer in base metals, while retaining optionality in its diamond assets Management team has an unrivalled track record in building mining projects – Hunnu Coal, Steppe Gold Company has acquired the rights to two highly prospective Copper Projects in Mongolia Baruun Tal Copper Project in the World Class South Gobi Copper Province - Porphyry Copper Discovery Bayan Undur Copper Project in Bayankhongor Copper Province Company raised C$1,000,000 by private placement. Proceeds to be used to develop all the Company’s mineral properties – exploration program at Baruun Tal & Bayan Undur projects.

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ARANJIN RESOURCES LIMITED (TSX.V: ARJN) ARANJIN RESOURCES LLC

BARUUN TAL PROJECT

100%

BAYAN UNDUR PROJECT

100%

COMPANY SNAPSHOT

NOVEMBER JUNE SUMMER JUNE JULY SEPTEMBER Two projects acquisition agreements signed. Name change to Aranjin Resources Ltd. Drilling program commenced at BU project & trenching commenced at BT project Private Placement 1st tranche closed. Private Placement 2nd tranche closed. AGM

2019 2020 2020 2020 2020 2020

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INVESTMENT HIGHLIGHTS

• 2. Signifjcant exploration position

Company has acquired the rights to two high- ly prospective Copper projects in Mongolia. BT Copper project is located in the world class South Gobi Copper province.

• 3. Stability in mining sector

Mongolia has just elected another majority government with strong, pro-mining creden- tials and we expect another term of stable

• policies. We expect to see strong government

support for the mining sector and supporting infrastructure.

• 1. Proven in-country team

Management team has an unrivalled track re- cord in building mining projects – Hunnu Coal & Steppe Gold Ltd.

MATTHEW WOOD Chairman

30 years of global industry experience in mining and commodities investments. Founder Hunnu Coal Limited sold for ~A$500M (2011), Chairman of TSX main board listed Steppe Gold (TSX:STGO). Recently awarded the Order of the Polar Star, the highest state honour that can be awarded to a non-citizen of Mongolia.

SOLONGO GUNSENDORJ Executive Director

She is a Mongolian National with considerable experience in the resources sector across a range of commodities including copper, gold, coal, iron and hydrocarbons. Ms Gunsendorj is an execu- tive at boutique Mongolian investment fjrm Garrison Capital Development (GCD). Ms Gunsendorj currently acts as an advisor and executive assistant to the Chairman of Steppe Gold, a Mongolian precious metals company listed on the TSX. Prior to joining GCD, Ms Gunsendorj was Head of Property Management at Mongolian Properties LLC.

JEREMY SOUTH Chief Financial Offjcer & Executive Director

He has over 33 years of experience in M&A, capital markets and private equity in Europe, North America and Australia, including senior positions in investment banking at Deutsche Bank, NatWest Markets and Deloitte. For 10 years ended December 2016, Jeremy was Global Leader, Mining M&A Advisory at Deloitte. Based in Beijing for four years, he advised leading Asian trading houses and fjnancial investors

• n mining M&A, fjnancing and strategy, and he counted some of Asia’s largest companies as clients. He worked extensively in Mongolia over the past 10 years.

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MANAGEMENT AND BOARD

MANAGEMENT AND BOARD

LUIS AZEVEDO Director

Resource industry professional with over 30 years of international experience. With degrees in both Law and Geology, Mr. Azevedo is the current Managing Partner at FFA Legal Ltd., a legal fjrm located in the City of Rio de Janeiro - founded by him focused solely on assist- ing natural resources companies. Former Executive Director in companies such as Talon Ferrous, Harvest Minerals, Jangada Mines, Avanco Resources Currently on his second mandate as the CEO of ABPM - Brazilian Mining Prospectors Association, Mr. Azevedo has been nominated as the “National Explorer of the Year” in 2017, and was also pointed out by the Global Mining Observer as one of the three most prestigious miners in Brazil in the year of 2019.

GIZMAN ABBAS Director

He has led natural resources investment and development operations for some of the world’s leading fjnancial institutions, leaning on his combined expertise in fjnance and engineering. Abbas was a founding partner of the commodity investment business at Apollo Management, one of the largest private equity businesses in the world with more than $160 billion under management. Previously, he was Vice President at Goldman Sachs, where he invested successfully in the oil & gas, power, bio-fuels, metals & mining, and agriculture sectors. Abbas began his fjnance career in the investment banking division at Morgan Stanley, having previously been a Senior Project Engineer on oil & gas construction projects for Exxon Mobil Corporation and a Co-Op Power Engineer at Southern Company

MAX JAHN Director

Currently Managing Director at R&R Venture Partners, an early stage VC fund in New York, where he works with entrepreneurs and founders to grow their businesses and explores investment

• pportunities in the US and Israel, primarily in media and technology.

Before assuming his current position in June 2016 Max held a dual role as a VC investor at the RSL Family Offjce and CFO of the Neue Galerie New York, a museum for Austrian and German Art in NY where Max also oversaw HR and IT.

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BARUUN TAL COPPER PROJECT

Located in the World Class South Gobi Copper Province Well positioned near the large mines such as Tavan Tolgoi & Oyu Tolgoi Closeto South Gobiinfrastructure(road, railway, power plant etc.) and the Chi- nese border Baruun Tal covers an area of approxi- mately 150 km²

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EXPLORATION HISTORY

Previous exploration program included: 1,142 soil samples 2,455 rock-chip samples 7,625 m of trenching with 3149 trench samples 100 rock-chip channel samples Ground magnetic survey in 115.34 km2 area Quick bird image acquisition Geological mapping.

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ROCK CHIP SAMPLING RESULTS

Rock chip sample highlight: Highest copper grade 14.5 % Copper Highest gold grade @16.9 g/t Gold 90 samples returned with greater than 1% Copper

PORPHYRY COPPER DISCOVERY

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BARUUN TAL - TSAGAAN KHAD DISCOVERY

Highest rock chip sample result - 2.72 % Copper Highest trench intercept 22m @ 0.81% Copper

EARLY PORPHYRY COPPER DISCOVERY EARLY PORPHYRY COPPER DISCOVERY

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EXPLORATION WORK PROGRAM ON BARUUN TAL COPPER PROJECT

IP SURVEY TARGET REFINING MAPPING AND GEOCHEMISTRY GROUND MAGNETICS DRILLING

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BAYAN UNDUR COPPER PROJECT

Located in Bayan Undur Soum of Bayank- hongor Province, approximately 980 km south-west of Ulaanbaatar city. The project consists of four mining licens- es with a total land package of 2,773.86 hectares. Mining licenses issued for 30 year term.

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EXPLORATION HISTORY

Previous exploration programs included: Detailed geological mapping at scale of 1:5000 Geochemical sampling (3,968 samples) 1,973.52m3 of trenching with 137 channel samples 57,446.8m (546 drill holes) of diamond and RC drilling with 14,215 core samples Laboratory analyses of 22,705 samples Topographic survey at scale of 1:1000 Ground magnetic survey covering the whole project area IP survey of 125.2m in total Gravity survey

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BAYAN UNDUR EXPLORATION WORK PROGRAM

ASSESSMENT OF PAST EXPLORATION TARGET GENERATION DRILLING

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MONGOLIAN COPPER INDUSTRY IN NUMBERS

Mongolia is the third largest producer of copper in the world. Ranked at 12th in the world for copper reserves, the country’s mining and production of copper is increasing. Mongolia had registered copper reserves of 53.4 million tons. As of the end of 2019, there are 16 copper deposits in the territory Mongolia with valid mining licenses. Major deposits are Erdenet, Oyu Tolgoi and Tsagaan Suvarga deposits. The south Gobi Desert alone has an estimated of 35 million tonnes of copper. Copper production reached 1,310 thousand tons and 1,436 thousand tons were exported.

1,000 2,000 3,000 4,000 1981 1986 1991 2001 2006 2011 2016

Source: World Bank

First democratic elections Global Financial Crisis Oyu Tolgoi underground delay Oyu Tolgoi construction starts Loss of Soviet support and export markets

First high-grade copper discovery at Oyu Tolgoi GDP per capita ($ 2010 prices)

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CONCLUSION

Signifjcant location in the World Class South Gobi Copper Province Positioned near the large mines such as Tavan Tolgoi & Oyu Tolgoi Close to South Gobi infrastructure (road, railway, power plant etc.) and the Chinese border Exploration and drilling program commenced in 2020. Targeting the next big copper discover in Mongolia Company’s fmagship asset, Baruun Tal Copper Project:

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SOLONGO GUNSENDORJ Executive Director

solongo@gcd.mn (+976) 9999 0754 Shangri-La offjce, Suite 1201, Olympic street 19A, Sukhbaatar District 1, Ulaanbaatar 14241, Mongolia

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CONTACT