For illustrative purposes only. There is no guarantee that any specific objective will be achieved.

Investments may be illiquid, highly speculative and there is risk of the total loss of your investment.
Past performance is not indicative of future results. See disclosures at the beginning.
Disclosure
This Presentation (the “Presentation”) contains sensitive business and financial information. It is being delivered on behalf of the Company by Boustead Securities, LLC (“BSL”). The
sole purpose of this Presentation is to assist the recipient in deciding whether to proceed with a further inquiry of the Company. This Presentation does not purport to be all-inclusive
or to necessarily contain all the information that a prospective investor may desire in evaluating a possible business transaction with the Company.

By accepting this Presentation, the recipient agrees to keep confidential the information contained herein or made available in connection with any further inquiry of the Company.
This Presentation may not be photocopied, reproduced or distributed to others at any time without the prior written consent of Boustead Securities, LLC. Upon request, the recipient
will promptly return all materials received from the Company or BSL (including this Presentation) without retaining any copies thereof, all in accordance with the Confidentiality
Agreement.

This Presentation has been prepared for informational purposes relating to this transaction only and upon the express understanding that it will be used only for the purposes set forth
above. Neither the Company nor BSL makes any express or implied representation or warranty as to the accuracy or completeness of the information contained herein or made
available in connection with any further investigation of the Company. Each of the Company and BSL expressly disclaims any and all liability which may be based on such
information, errors therein or omissions there from. The recipient shall be entitled to rely solely on the representations and warranties made to it in any definitive agreement and the
due diligence that recipient conducts.

In furnishing this Presentation, neither the Company nor BSL undertakes any obligation to provide the recipient with access to any additional information. This Presentation shall
neither be deemed an indication of the state of affairs of the Company nor constitute an indication that there has not been any change in the Company or affairs of the Company since
the date hereof, nor an indication that BSL has performed any due diligence on the Company or its affairs.

This Presentation does not constitute an offer to sell or solicitation of an offer to buy securities in any jurisdiction where, or to any person to whom, it is unlawful to make such offer or
solicitation in such jurisdiction. Investments in private placements may be illiquid, highly speculative and you may lose your entire investment.

This Presentation includes certain statements, estimates and projections with respect to the anticipated future performance of the Company. Such statements, estimates and
projections are based on significant assumptions and subjective judgment concerning anticipated results. These assumptions and judgments are inherently subject to risks,
variability and contingencies, many of which are beyond the Company’s control. These assumptions and judgments may or may not prove to be correct and there can be no assurance
that any projected results are obtainable or will be realized. Actual results likely will vary from those projected, and such variations may be material. In addition, this Presentation
does not describe certain risks associated with the Company’s business. All communications or inquires relating to the Company or this Presentation should be directed to the
representative of Boustead Securities, LLC. No personnel at the Company may be contacted directly unless expressly permitted by BSL © 2020 All rights reserved.
Disclosure
Risk Disclaimer for Supplemental Offering Materials Based on FINRA Investor Alert Regarding Private Placement Risks

This is a private offering not registered with the United States Securities and Exchange Commission or any state. The company selling these securities is a private company, not a
public company. These two factors mean that: (a) there is limited information available to you before you make an investment decision and, should you invest, during your investment
to keep informed about the status of the company; and (b) the securities being offered are restricted from transfer and resale by you and there is no public market in which you may
sell the securities. The company selling these securities has no obligation to buy them back from you or to pay you any distributions or dividends. You must be an accredited investor
to invest in this offering. You must be able to absorb a loss of your entire investment or potentially have your money tied up for a long time. This investment involves significant risks,
particularly with respect to economic risks specific to the company’s business. A Private Placement Memorandum (the “Memorandum”) accompanies this material. Do not invest
before you read the entire Memorandum and pay particular attention to the “Risk Factors” section of the Memorandum. Seek independent professional advice before investing from
your legal or financial advisors.

Cautionary Statement Concerning Forward Looking Statements

This document contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base
these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking
statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects
and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,”
“anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-
looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing
market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.
Forward-looking statements are only predictions. The forward-looking events discussed in this document and other statements made from time to time by us or our representatives,
may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. We are not obligated to publicly update or revise
any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this document and other statements made from time to
time by us or our representatives might not occur.
Risk Factors
The Company has no cash flow from operations and has historically depended on the proceeds from equity financings for its operations.

The Company’s current operations do not generate any cash flow. Any work on the Company’s properties will require additional equity financing. If the Company seeks funding from
existing or new joint venture partners, its project interests will be diluted. If the Company seeks additional equity financing, the issuance of additional shares will dilute the current
interests of the Company’s current shareholders. The Company may not be able to obtain additional funding to allow the Company to fulfill its obligations on existing exploration
properties. The Company’s failure to obtain such additional financing could result in delay or indefinite postponement of further exploration and development and the possible partial
or total loss of the Company’s potential interest in certain properties or dilution of the Company’s interest in certain properties.

The Company has uninsurable risks.

The Company may be subject to unforeseen hazards such as unusual or unexpected formations and other conditions. The Company may become subject to liability for pollution, cave-
ins or hazards against which it cannot insure or against which it may elect not to insure. The payment of such liabilities may have a material adverse effect on the Company’s financial
position.

Development of the Company’s projects is based on estimates and the Company cannot guarantee that its projects, if any, will be placed into production.

Any potential production and revenues based on production from any of the Company’s properties are estimates only. Estimates are based on, among other things, mining
experience, resource estimates, assumptions regarding ground conditions and physical characteristics of ores (such as hardness and presence or absence of certain metallurgical
characteristics) and estimated rates and costs of mining and processing. The Company’s actual production, if it ever achieves production, may be lower than its production
estimates. Each of these factors also applies to future development properties not yet in production at the Company’s other projects. In the case of mines the Company may develop
in the future, it does not have the benefit of actual experience in its estimates, and there is a greater likelihood that the actual results will vary from the estimates. In addition,
development and expansion projects are subject to unexpected construction and start-up problems and delays.
Risk Factors
The Company is subject to the volatility of metal and mineral prices.

The economics of developing metal and mineral properties are affected by many factors beyond the Company’s control, including, without limitation, the cost of operations, variations in
the grade ore or resource mined, and the price of such resources. The market prices of the metals for which the Company is exploring are highly speculative and volatile. Depending on
the price of gold or other resources, the Company may determine that it is impractical to commence or continue commercial production. Gold prices fluctuate widely and are affected by
numerous factors beyond the Company’s control, including central bank purchases and sales, producer hedging and de-hedging activities, expectations of inflation, the relative exchange
rate of the U.S. dollar with other major currencies, interest rates, global and regional demand, political and economic conditions, production costs in major gold-producing regions,
speculative positions taken by investors or traders in gold and changes in supply, including worldwide production levels. The price of gold and other metals and minerals may not remain
stable, and such prices may not be at levels that will make it feasible to continue the Company’s exploration activities, or commence or continue commercial production. The aggregate
effect of these factors is impossible to predict with accuracy.

The Company’s business activities are conducted in Tanzania.

The Company’s principal exploration and development properties are currently located in the United Republic of Tanzania, Africa. Although the Company believes that the Tanzania
government is a stable, multi-party democracy, there is no guarantee that this will continue. Tanzania is surrounded by unstable countries enduring political and civil unrest, and in some
cases, civil war. There is no guarantee that the surrounding unrest will not affect the Tanzanian government and people, and therefore, the Company’s mineral exploration activities. Any
such effect is beyond the control of the Company and may materially adversely affect its business. The Company may be affected in varying degrees by political stability and government
regulations relating to the mining industry and foreign investment in Tanzania. The government of Tanzania may institute regulatory policies that adversely affect the exploration and
development (if any) of the Company’s properties. Any changes in regulations or shifts in political conditions in this country are beyond the control of the Company and may materially
adversely affect its business. Investors should assess the political and regulatory risks related to the Company’s foreign country investments. The Company’s operations in Tanzania are
also subject to various levels of economic, social and other risks and uncertainties that are different from those encountered in North America. The Company’s operations may be affected
in varying degrees by government regulations with respect to restrictions on production, price controls, export controls, restrictions on foreign exchange and repatriation, income taxes,
expropriation of property, environmental legislation and mine safety. Other risks and uncertainties include extreme fluctuations in currency exchange rates, high rates of inflation, labor
unrest, risks of war or civil unrest, government and civil unrest, regional expropriation and nationalization, renegotiation or nullification of existing concessions, licenses, permits and
contracts, illegal mining, corruption, hostage taking, civil war and changing political conditions and currency controls. Infectious diseases (including Ebola virus, malaria, HIV/AIDS and
tuberculosis) are also major health care issues where the Company operates.
Issuing $20MM in Secured Gold Indexed Notes (GINs)

Funding initiates production at 2 Gold Mines in Tanzania

1 Ready to Mine

2 We believe a Joint Venture De-risks this Project

3 Note Return potentially Rises with Gold Price

For illustrative purposes only. There is no guarantee that any specific objective will be achieved.
Investments may be illiquid, highly speculative and there is risk of the total loss of your investment.
Past performance is not indicative of future results. See disclosures at the beginning.
Tanzania = Potentially Amenable Mining Jurisdiction

Democratic government (est. 1995) supports growing economy

6-7% avg. annual GDP growth (2009-2017)- CIA, Jul 2020

48% of total banking assets held by foreign banks- CIA, Jul 2020

History of Gold Production

6th largest African gold producer (in 2019)- WGC , Jul 2020

Dar Es Salaam,
Barrick Gold & Anglo Ashanti operating 10+ years Tanzania

For illustrative purposes only. There is no guarantee that any specific objective will be achieved.
Investments may be illiquid, highly speculative and there is risk of the total loss of your investment.
Past performance is not indicative of future results. See disclosures at the beginning.
Ready to Mine

Projects are production ready

Continue to prove out resources through production

Regulatory approvals are in place

Start producing in first year

For illustrative purposes only. Financial numbers are estimated. There is no guarantee that any specific objective
will be achieved. Investments may be illiquid, highly speculative and there is risk of the total loss of your
investment. Past performance is not indicative of future results. See disclosures at the beginning.
Joint Venture (JV) Model

JV Partners contributing lands with proven reserves

Local mid-sized mining groups

Operating history in Tanzania

Mwamba leading mine development

Providing 100% of development capital

Earning 75-80% of profits after 100% capital recovery

For illustrative purposes only. Financial numbers are estimated. There is no guarantee that any specific objective
will be achieved. Investments may be illiquid, highly speculative and there is risk of the total loss of your
investment. Past performance is not indicative of future results. See disclosures at the beginning.
Local Partners Potentially De-risk Investment

Tanzanian ownership component qualifies Mwamba for local company status

JV Partners offer local mining experience

JV Model supports goals of Tanzanian mineral policy

Grow mining economy

Empower nationals

For illustrative purposes only. Financial numbers are estimated. There is no guarantee that any specific objective
will be achieved. Investments may be illiquid, highly speculative and there is risk of the total loss of your
investment. Past performance is not indicative of future results. See disclosures at the beginning.
Community Programs Potentially De-risk Investment

Mwamba has agreements to process the gold of 3 local mining groups near its mines

This cooperation eliminates mercury used to process gold independently

Ending mercury use in mining is a priority for Tanzanian regulators

Eliminate Mercury Increase Production

For illustrative purposes only. Financial numbers are estimated. There is no guarantee that any specific objective
will be achieved. Investments may be illiquid, highly speculative and there is risk of the total loss of your
investment. Past performance is not indicative of future results. See disclosures at the beginning.
Mining Plan

Selectively mining high grade zones with open pits

Production: 70,000 oz/year

Resource: 655,264 JORC compliant oz

For illustrative purposes only. Financial numbers are estimated. There is no guarantee that any specific objective
will be achieved. Investments may be illiquid, highly speculative and there is risk of the total loss of your
investment. Past performance is not indicative of future results. See disclosures at the beginning.
Kadidi Mine

High grade ore(2.01 g/t) = low costs ($492/oz)

Annual production = 36,000 oz

Mwamba receives 75% of Net Profit

(after recovering 100% of development capital)

For illustrative purposes only. Financial numbers are estimated. There is no guarantee that any specific objective
will be achieved. Investments may be illiquid, highly speculative and there is risk of the total loss of your
investment. Past performance is not indicative of future results. See disclosures at the beginning.
Masabi Mine

High grade ore 1.9g/t = low costs $497/oz

Annual Production = 34,000 oz

Mwamba receives 80% Net Profit

(after recovering 100% of development capital)

For illustrative purposes only. Financial numbers are estimated. There is no guarantee that any specific objective
will be achieved. Investments may be illiquid, highly speculative and there is risk of the total loss of your
investment. Past performance is not indicative of future results. See disclosures at the beginning.
Reserve & Production Growth Potential

Targeted Exploration Additional Joint Ventures

For illustrative purposes only. There is no guarantee that any specific objective will be achieved.
Investments may be illiquid, highly speculative and there is risk of the total loss of your investment.
Past performance is not indicative of future results. See disclosures at the beginning.
$20MM Secured Gold Indexed Notes (GINs)

15% interest, indexed to gold price

Interest is intended to be paid quarterly, beginning 30 days after revenue is first generated
Principal Repayment is Non-Amortizing, is expected to be paid in full at the end of year three

If the price of gold at time of payment If the price of gold at time of payment
is higher than the reference price, is lower than the reference price,
payments increase by ratio of higher payments stay unchanged as per the
gold price to reference price GINs Agreement

For illustrative purposes only. There is no guarantee that any specific objective will be achieved.
Investments may be illiquid, highly speculative and there is risk of the total loss of your investment.
Past performance is not indicative of future results. See disclosures at the beginning.
Use of Funds

$2.4M Mining Mobile Equipment

$5.8M Gold Recovery Plant & Equipment
$2.5M Exploration & Resource Expansion
$6.8M Working Capital
$2.5M Transaction Costs

$20M Total

For illustrative purposes only. There is no guarantee that any specific objective will be achieved.
Investments may be illiquid, highly speculative and there is risk of the total loss of your investment.
Past performance is not indicative of future results. See disclosures at the beginning.
Corporate Team

For illustrative purposes only. There is no guarantee that any specific objective will be achieved.
Investments may be illiquid, highly speculative and there is risk of the total loss of your investment.
Past performance is not indicative of future results. See disclosures at the beginning.
Operations Team

Samwel Bahebe
Country Manager

For illustrative purposes only. There is no guarantee that any specific objective will be achieved.
Investments may be illiquid, highly speculative and there is risk of the total loss of your investment.
Past performance is not indicative of future results. See disclosures at the beginning.
 Contact Us

Eduard Cornew, Co-CEO Jordan Estra, MD, Head of Mining & Metals
eduard@mwambamining.com Jordan.estra@boustead1828.com

Joe Markunas, CFO Seth Horn, Head of Energy, Power, Infra.

joe@mwambamining.com seth@boustead1828.com
APPENDIX
Mine Development Expenditures

USDMM (000,000 ommited) Details Kadidi Mine Masabi Mine Total ($MM)

Utilities Installation, Pit Design Optimization,

Preparation Work Administrative Facilities, Processing Facilities 0.0 1.0 1.0

Flotation Plant Plant landed at Site 1.5 1.5 3.0

Acacia Plant Intensive Leach Plant from Australia 1 1 2

Cat385L-Excavator, Cat 773-Truck (2),

Earthmoving Equipment Cat988H-Loader, CatDH8R-Dozer, Longyear Roc8 1.2 1.2 2.4
Drill, Grader, Water Truck, Landcruiser (2)

Tailings Storage Facilities Tailings Dam Facility & Chemical Storage 0.4 0.4 0.8

Operations Plant Installation, Stripping Cost, Operational Setup 0.8 0.8 1.6

Land Payments 1st stage compensation 0.3 0.3 0.6

Contingency Project contingencies & overruns 1.0 1.0 2.0

Administration Head Office Operations, Setup Labor 0.8 0.8 1.6

TOTAL 7.0 8 15

For illustrative purposes only. Financial numbers are estimated. There is no guarantee that any specific objective
will be achieved. Investments may be illiquid, highly speculative and there is risk of the total loss of your
investment. Past performance is not indicative of future results. See disclosures at the beginning.
Partners in Community Affairs

For illustrative purposes only. There is no guarantee that any specific objective will be achieved.
Investments may be illiquid, highly speculative and there is risk of the total loss of your investment.
Past performance is not indicative of future results. See disclosures at the beginning.
 For illustrative purposes only. There is no guarantee that any specific objective will be achieved.
Investments may be illiquid, highly speculative and there is risk of the total loss of your investment.
Past performance is not indicative of future results. See disclosures at the beginning.
 For illustrative purposes only. There is no guarantee that any specific objective will be achieved.
Investments may be illiquid, highly speculative and there is risk of the total loss of your investment.
Past performance is not indicative of future results. See disclosures at the beginning.
 For illustrative purposes only. There is no guarantee that any specific objective will be achieved.
Investments may be illiquid, highly speculative and there is risk of the total loss of your investment.
Past performance is not indicative of future results. See disclosures at the beginning.
 For illustrative purposes only. There is no guarantee that any specific objective will be achieved.
Investments may be illiquid, highly speculative and there is risk of the total loss of your investment.
Past performance is not indicative of future results. See disclosures at the beginning.
 For illustrative purposes only. There is no guarantee that any specific objective will be achieved.
Investments may be illiquid, highly speculative and there is risk of the total loss of your investment.
Past performance is not indicative of future results. See disclosures at the beginning.
 For illustrative purposes only. There is no guarantee that any specific objective will be achieved.
Investments may be illiquid, highly speculative and there is risk of the total loss of your investment.
Past performance is not indicative of future results. See disclosures at the beginning.
 For illustrative purposes only. There is no guarantee that any specific objective will be achieved.
Investments may be illiquid, highly speculative and there is risk of the total loss of your investment.
Past performance is not indicative of future results. See disclosures at the beginning.
 For illustrative purposes only. There is no guarantee that any specific objective will be achieved.
Investments may be illiquid, highly speculative and there is risk of the total loss of your investment.
Past performance is not indicative of future results. See disclosures at the beginning.
 For illustrative purposes only. There is no guarantee that any specific objective will be achieved.
Investments may be illiquid, highly speculative and there is risk of the total loss of your investment.
Past performance is not indicative of future results. See disclosures at the beginning.
 For illustrative purposes only. There is no guarantee that any specific objective will be achieved.
Investments may be illiquid, highly speculative and there is risk of the total loss of your investment.
Past performance is not indicative of future results. See disclosures at the beginning.
 For illustrative purposes only. There is no guarantee that any specific objective will be achieved.
Investments may be illiquid, highly speculative and there is risk of the total loss of your investment.
Past performance is not indicative of future results. See disclosures at the beginning.
 For illustrative purposes only. There is no guarantee that any specific objective will be achieved.
Investments may be illiquid, highly speculative and there is risk of the total loss of your investment.
Past performance is not indicative of future results. See disclosures at the beginning.
 For illustrative purposes only. There is no guarantee that any specific objective will be achieved.
Investments may be illiquid, highly speculative and there is risk of the total loss of your investment.
Past performance is not indicative of future results. See disclosures at the beginning.
 For illustrative purposes only. There is no guarantee that any specific objective will be achieved.
Investments may be illiquid, highly speculative and there is risk of the total loss of your investment.
Past performance is not indicative of future results. See disclosures at the beginning.
 For illustrative purposes only. There is no guarantee that any specific objective will be achieved.
Investments may be illiquid, highly speculative and there is risk of the total loss of your investment.
Past performance is not indicative of future results. See disclosures at the beginning.