Perlat Project Volcanogenic Massive Sulphide Copper, Gold, Silver, Zinc Mr. Zahir (Zip) Dhanani Chairman, CEO and Director Mr. Robert Naso General Manager.

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Presentation transcript:

Perlat Project Volcanogenic Massive Sulphide Copper, Gold, Silver, Zinc Mr. Zahir (Zip) Dhanani Chairman, CEO and Director Mr. Robert Naso General Manager and Director Ramon Mabanta Director Tao Dong Director Hafiz Bhulji Director and CFO

This Presentation may contain forward-looking statements including, but not limited to, information regarding geological interpretations, resources, potential timing and content of exploration programs, production schedules and projections, receipt of permits, Company financings, etc. Forward-looking statements refer to events and conditions which have not yet taken place, and therefore involve inherent risks and uncertainties. Actual results may differ materially from those anticipated in these statements. Arian Resources Corp. Ltd. relies upon litigation protection for forward-looking statements. Chad Ulansky, P.Geo. is the Qualified Person under NI for the projects discussed in this presentation.

INVESTING IN ALBANIA Canada and Albania signed a Foreign Investment Protection Agreement in 2013 Canadian companies are the largest foreign direct investors in Albania, with investments of $ 810 million by end of 2012, according to the Albanian Investment Development Agency Investments are primarily in the mining, oil and gas, power and rail sectors Latest deal: In May, a consortium including China’s top copper producer, Jiangxi Copper, bought a 50% stake in Turkish company, Nesko Metal’s Albanian operations for $ 65 million.

ALBANIA AND ARIAN The Perlat project:  a high-grade copper-gold  past producing mine Acquired from Balkan Resources in April kms north of Tirana Accessed through paved roads Water, power and skilled manpower are readily available Arian’s Albanian subsidiary: Balkan Resources sh.p.k

Perlat History and Licencing Mining at Perlat between 1978 and 1991 Production: 582,000 Tons at 1.8% Cu Historic drilling in Arian’s licenced areas was 159,000 meters in 479 drill holes Arian’s Exploitation Licence area (in red) is 290 hectares and is fully permitted to mine. The Licence is for 25 years, with a 10 year renewal option The Exploration License area is 2,300 hectares (in purple)

Merdita Ophiolite Complex and Associated Mines Northern Albania 30 to 40 km wide belt Mid Jurassic age Perlat is located within prolific belt of ophiolite-associated VMS deposits with estimated reserves of 66 million tonnes (Hoxha, 2005) Merdita Ophiolite Belt, Greece-Albania-Montenegro

NI Report Arian commissioned a National Instrument report from three independent Canadian geologists to verify the historic resource and bring it into compliance with Canadian reporting requirements. The report was completed in May 2014 Using all the historic data, an inferred resource estimate was computed which came out to be: 4.66 million 2.12% copper This was consistent with the historic resource estimates done by the Rubik Geological Society Our initial thinking is that with a 1,500 tonnes per day production rate, the existing resource would provide a potential 9 year mine life Significant upside potential: gold, silver and zinc. Very little assaying done historically for anything other than copper. But Balkan and Arian drilling indicates high grade gold, zinc and silver

World Class Partnership with Sinomine Sinomine Resource Exploration Co. Ltd. is the largest mining exploration company in China, with a staff of over 300 geologists It has projects in China and 14 other countries in Asia and Africa Arian has a formal Investment Agreement with Sinomine, the objective of which is to seek to take Perlat back into production As part of this partnership, Sinomine is a significant investor in Arian

Timeline Jan 2014 May 2014 Oct March 2015 December 2016 Drilling commences at Perlat Production at Perlat Mine Decommi- ssioned Balkan Drills at Perlat Arian Acquires Perlat NI Report Drilling, Prefeasibility and Valuation Production Rubik Geological drills Perlat : 159,000 meters in 479 holes Resources Estimates produced in 1979, 1984, 1986 and 1993 Total Production: 582,000 tonnes of copper at 1.8% Balkan Drills 5,000 meters. Best hole: 7.02 m of 7.33% Cu, 6.31 g/t gold, g/t silver Inferred Resource of 4.66 million tonnes of copper at 2.12%

MASSIVE INFRASTRUCTURE AT PERLAT The Perlat Project has massive infrastructure in place. There are three shafts, adits, ventilation shafts, an extensive network of underground tunnels, galleries, elevator shafts. All of these are extensively cemented Estimates of the replacement cost of this infrastructure, from various geologists and mining engineers Arian has shown this to range, from $ 18 to $ 20 million This value is in addition to the current resource

COPPER % GOLD g/t Perlat: Drilling Highlights To 2008 Copper and Gold 4,415 samples 1,211 samples > 0.5% Cu 139 samples > 5% Cu 172 samples > 0.5 g/t Au 50 samples > 2 g/t Au * Balkan Hole P32208 with 7.02m of 7.3% Cu and 6.3 g/t Au Only small portion of drilling sampled for gold samples total (854 Balkan samples)

WORK DONE SINCE PROJECT ACQUIRED (APRIL - OCTOBER 2014)  Produced a NI report to convert historic resource to a compliant resource 420 diamond drill logs sorted, reviewed and catalogued 4,414 sample assay intervals reviewed and corrected for overlaps and missing data 3D modeling of all data  South Shaft dewatered  Agreement with Sinomine negotiated on Perlat  Drilling undertaken to verify historic results and evaluate project on a technical and financial basis to put back into production

Perlat - all drill holes, looking NW Cu grades >5

CURRENT DRILLING A 5,000 meter drill program is underway with three drill rigs on site. The first two holes twinned two historic holes for data verification. Here are the results:

PRODUCTION DECISION Arian and Sinomine: Formal agreement to evaluate the feasibility of taking Perlat to production, by Dec 2016, with a minimum production rate of 10,000 tonnes of copper per year Current drill program to be completed by Dec 2014, and Sinomine to present a prefeasibility report and a valuation report by March Sinomine has the right to take a production decision on the project by April 2015 Estimated costs to production are $ 20 million for pre-development costs and working capital, capital expenditure of $ 32 million, and a $ 3 million contingency = $ 55 million

SUMMARY Arian Resources:  listed on the TSX Venture Exchange (Symbol: ARC) and on the Frankfurt Exchange (Symbol: 0GT1)  Perlat 100% owned by Arian. Past producing mine with a high grade resource  Fully permitted to be put into production  A NI compliant technical report  Sinomine is keen to put the project into production  A drill program is currently in process to verify historic drilling  Technical and financial evaluation being done  Production decision by April 2015  Sinomine to earn a majority stake by funding to production  Production anticipated to commence by December 2016

“Things are definitely looking up” THANK YOU Photo: South mine area drift - May 5, 2014