1 1

CORPORATE PRESENTATION

December 2015

2

LA MANCHA IS A PRIVATE MINING COMPANY HOLDINGS IN LEADING AUSTRALIAN AND AFRICAN GOLD COMPANIES

Ticker: ASX: EVN Market cap3: A$2.13B Mines: 7 Production5: 730-810koz AISC7: US$700-760/oz Reserves: 5.2Moz M+I+I Resources8: 12.7Moz

Head office: Luxembourg Management: Paris 2015 attr. Prod1: 400-430koz

30% holding

31% holding

1 Based on estimates published by Evolution Mining and Endeavour Mining, after closing of the Endeavour deal in beginning of November 2015 2 As at December 11th 2015 3 As at December 14th 2015 4 Expected production as published by Endeavour in the Press Release published on September 21st

5 As published by Evolution for year ended June 2016 6 Based on pro-forma forecast for 2015

7 AISC converted into US$/oz with the exchange rate of 1.4AUD/USD 8 Resources inclusive of reserves, on an attributable basis

Ticker: TSX:EDV Market cap2: US$289m Mines & Projects: 5 + 2 Production4: 580koz AISC6: US$900-950/oz Reserves: 4.8Moz M+I+I Resources8: 10.9Moz

The Sawiris family’s 1st investment in mining and vehicle for future growth

3

LA MANCHA’S INVESTMENT APPROACH AMBITION TO CREATE A LEADING NATURAL RESOURCE COMPANY

Strategy Implementation

Junior Mining Company

Asset

Turn-around

Attractive Entry Point

Optimize Production

De-risk

Invest in projects

Aggressive Exploration

Create regional leader

Long-term growth-focused

investor

Asset potential unlocked

Our Approach of the Gold Industry

• Enter at an attractive valuation and consider “special situation” (distressed, consolidation, …)

• Quality assets (> 150 koz + low AISC < 900 $/oz + good visibility >8 years), capacity to operating world-wide

• Hands-on, opportunistic, and flexible management approach

• Capacity to have at least a relative control (ie min 30/40% without paying premium) or the full control

• Growth driven by improving quality of portfolio and size to re-rate

• Long Term shareholder

4

LA MANCHA’S SUCCESS STORY DOUBLED THE GROUP’S PRODUCTION IN 3 YEARS

SUDAN

~ 80

2015E

AISC of US$700/oz

2014A 2013A 2012A

AISC of US$1,101/oz

81 80

40

IVORY COAST

AUSTRALIA

2013A 2015E

AISC of US$720/oz

2014A 2012A

AISC of US$1,232/oz

105koz 67koz

~ 160koz 147koz

57

2015E 2012A 2014A 2013A

50 60 ~50

Obtained majority (55%)

Optimized operation

Ambitious exploration program leading to 4Moz resource

Positive PFS for CIL project

Purchased remaining 49% of Frog’s Leg mine

Built Mungari mill

Commissioned White Foil Mine

Mine life extended by 3y

Maintained production level despite lower grades

Exploration prolonged mine life by 2 years

+140% in production -42% in AISC

Stabilized

Asset Turn-Around: August 2012 - 2015 Production shown on a 100% basis

+50% in production -36% in AISC

5

TRANSACTIONS UNDERTAKEN IN 2015 REPOSITIONS LA MANCHA AS A LEADING PRIVATE INVESTOR

~400-430koz

~250koz

117koz

2012 2015E 2016E

Transactions undertaken in 2015

SUDAN

IVORY COAST

AUSTRALIA

Opportunistic sale for US$100m

Although Hassaï had significant growth potential, the cash received allowed us to immediately capture growth opportunities

Removes geopolitical overhang and project development risk

Vend-in for 31% of Evolution Mining (EVN:ASX)

Clear path to +800kozpa in Asutralia

Diversifies risk across 7 mines

Better positions us to capture growth

Our assets benefit from mid-tier valuation

Vend-in for 30% of Endeavour Mining (EDV:TSX)

Clear path to +800kozpa in West-Africa

Well positions us to capture re-rating potential of EDV

Diversifies risk across 5 mines and 2 projects

Greater leverage to upswing in the gold cycle

Brings construction expertise to Ity mine

The transactions undertaken have allowed us to fast-track our objective of reaching mid-tier status

We are now well positioned to capture growth opportunities in both Australian and Africa

Production Attributable to La Mancha, in kozpa

Africa (Endeavour

att. share) Asset

turn-around

Partnerships

Australia

Côte d’Ivoire

Sudan

X 2

X 1.7

Australia (Evolution

att. Share)

Sudan

Australia

Côte

d’Ivoire

Strategy decision: Feb. ’15

Deal announced:

April ‘15

Strategy decision: Dec. ‘14

Deal announced:

April ‘15

Strategy decision: June ’15

Deal announced:

Sept ‘15

6

CREATING LEADERS IN AUSTRALIA AND AFRICA

Evolution Mining in Australia Endeavour Mining in Africa

935

869

806790

701

564544

520

443409

280

243218

200175

978177

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Merger: La Mancha CI / Endeavour

Project Development: Ity CIL and Hounde

African Sector, 2014A Production, in kozpa

810

565575

527

420

360330315

245

205205180

150145140120

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anch

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Do

ray

Australian Sector, 2014A production in kozpa

Merger with La Mancha Australia / Evolution

Cowal Purchase

7

85

100

115

130

Sep-15 Oct-15 Oct-15 Oct-15 Nov-15 Nov-15 Dec-15

Endeavour Selected gold peers Gold price (US$/oz)

50

100

150

200

Apr 15 May 15 Jun 15 Jul 15 Aug 15 Sep 15 Oct 15 Nov 15

Evolution ASX gold peers Spot gold (A$)

ALLIANCES WITH LA MANCHA ARE VERY WELL PERCEIVED BY THE MARKET

Endeavour Mining: Relative performance of +15% Evolution Mining: Relative performance of +63%

+71% Market cap :

A$2.1B

Market cap : A$560m

Relative performance since Strategic Alliance announcement Relative performance since Strategic Alliance announcement

+8%

Source IRESS of 11 December 2015. Australian peer index includes Newcrest, Northern Star, Independence, Regis and OceanaGold, St Barbara, Saracen, Resolute, Kingsgate, Silver Lake, Medusa and Focus

Market cap : C$230

+12%

Market cap : C$400m

-3%

Source: FactSet as of 11 December 2015. African gold peers include Randgold, Centamin, Acacia, B2Gold, Nord Gold, IAMGOLD, SEMAFO, Resolute, Golden Star, Teranga Gold, Perseus, Hummingbird, Aureus, Asanko and Amara.

8

LA MANCHA’S STRATEGY GOING FORWARD AMBITION TO CREATE A LEADING NATURAL RESOURCE INVESTMENT VEHICLE

Gold Base Metals, Oil and Gas

Area Australia, Africa Africa

Asset Stage Producing, development, exploration

Main focus is to quickly become a producer

Asset quality Long life, low cost production

Funding Supportive equity raises of EDV and EVN, and debt

Fresh equity from shareholder and

partnerships

Exit strategy 30-40% long-term holder of leading regional player

Our ambition is to create a leading Natural Resource investment vehicle focused in Africa and Australia

With Endeavour Mining (TSX:EDV), our strategy is to improve portfolio structure (prod, CC and mine life) through:

• Internal Growth Ity (> 150 koz) + Houndé (> 200 koz)

• External Growth: strong pipe in West Africa

• Exploration: not activated on the past few years

With Evolution Mining (ASX:EVN) , our strategy is to pursue development through a team sized for growth with an excellent track-record

• Clear consolidator in Australia & Asia

• Contemplating gold project in Australia but also other metals (coppers, zinc, …)

La Mancha is also contemplating possible acquisition in Base metals, Oil and Gas

La Mancha investment structure Geographic Area: Africa and Australia

Investments in Base Metals, Oil and Gas

Gold

Gold Base

Metals

Oil & Gas

La Mancha Investment Vehicle

Gold investments

9

LA MANCHA MANAGEMENT TEAM

Executive Management Team

• Through the Orascom Group, the Sawiris family is present across various sectors and businesses, ranging from construction and fertilisers to real estate and telecommunications

• 1998: Naguib Sawiris created, with France Télécom, Mobinil, the n1 mobile operator in Egypt. Mr. Sawiris then created and developed Orascom Telecom which became in just a few years one of the largest telecom groups worldwide, with 83million subscribers by the end of 2012

• Early 2011: Orascom Telecom merged with Vimplecom to create the 6th largest mobile operator worldwide with 186million subscribers. Mr. Sawiris sold his stake in Vimplecom in mid-2012

• November 12th 2012: Orascom World Investment, Mr. Sawiris’s holding company, finalised the acquisition of La Mancha for CAD500 million (€385 million)

Vincent BENOIT EXECUTIVE VICE-PRESIDENT, STRATEGY & BUSINESS DEVELOPMENT

• 20+ years of M&A and Investor Relation experience in the energy, telecoms, and IT services sectors

• Graduated from ESC Business School and is a Chartered Accountant

Patrick BOUISSET EXECUTIVE VICE-PRESIDENT, EXPLORATION & NEW VENTURES

• 30+ years of experience in exploration in O&G and mining • Holds a master degree in Geology from Orleans University, and graduated from ESEM

and ENSPM

Sebastien de MONTESSUS PRESIDENT AND CEO

• Head of Areva Mining Group prior to La Mancha • Business graduate from ESCP in Paris

Amr EL ADAWY CHIEF-FINANCIAL OFFICER

• 20 years of experience in Finance and Management in telecoms and retail sectors • Holds a Finance Management and Accounting degree from CNAM Paris

Naguib Sawiris, Chairman

Naguib Sawiris is a reknown Egyptian businessmen

10

LEADING PRIVATE GOLD INVESTOR PORTFOLIO OVERVIEW

(Post-combinations)

(Attributable share)

Asset profile Location Australia West-Africa -

Ownership 31% 30% -

Mines 7 mines 5 mines + 2 projects 12 mines + 2 projects

Reserves, Moz 5.2 4.8 3.0

M+I+I Resources1, Moz 12.7 10.9 7.6

Production, koz 730 – 8102 560 – 5903 ~ 430

AISC, US$/oz ~7152 900 - 9503 ~ 800

Market Data4,5 Market Cap, US$m US$1,546m (share price A$1.46) US$289m (share price C$0.69) US$566m

Net debt, US$m US$349m US$161m

Enterprise Value, US$m US$1,895m US$449m

Strategic Alliance

Commitment to fund growth, US$m $78m (A$112m) Equity placement US$75m In-principle, $35mln paid US$153m

Shareholder profile Long-term strategic partner -

Board seats 2 members 2 members 2

Equity lock-up 2 years 2 years 2

Vend-In 100% of Mungari operation 55% of Ity + US$63m of cash6 All remaining assets

Financials (H120157, pre- combinations)

Revenue, US$m US$240m US$307m N/A for period

EBITDA, US$m Pro forma annual number ~USD 440mln US$98m

1 Inclusive of reserves, on an attributable basis

2 As published by Evolution for year ended June 2016, AISC converted into US$/oz with the exchange rate of 1.4AUD/USD 3 Based on pro-forma forecast for 2015 4 EVN : As at December 14th 2015 based on an exchange rate of 1.38AUD/USD 5 EDV : As at December 11th 2015, based on an exchange rate of 1.37CAD/USD 6 The US$63 million cash investment by La Mancha is inclusive of an expected US$25 million of attributable cash held in SMI (representing 55% of an anticipated US$45 million cash balance at closing), with the balance being invested into the La Mancha subsidiary being sold to Endeavour. 7 EVN :As published by Evolution for H12015, converted into US$/oz with the exchange rate of 1.4AUD/USD

11 11

AUSTRALIA

31% holding of Evolution Mining

12

AUSTRALIA ASSET OPTIMIZATION AND TURN-AROUND

No control of processing schedule as Frog’s Leg was dependant on toll-milling

Very expensive toll-processing costs at A$60/t

Only a small production with 51% ownership of the Frog’s Leg underground gold mine

White Foil open-pit gold not in production as it needed a mill on-site

Key developments Accomplishments as of today

(2015)

Consolidated ownership of Frog’s Leg through the acquisition of Alacer’s 49% interest (for A$141m)

Successfully re-started the White Foil open-pit gold mine

Constructed the $110m 1.5mtpa Mungari CIL processing facility

Alacer transaction and Mungari mill both funded out of cashflows and a A$183m debt facility (no equity required)

Mine life extensions at Frog’s Leg

White Foil resource expanded from 0.5Moz to 1.9Moz with a positive scoping study for White Foil Underground

100% ownership of all operations

Mungari Mill built on time, on budget and running above nameplate capacity at 1.7mtpa (vs. 1.5mtpa)

Milling costs for Frog’s Leg reduced to $20/t (from $60/t)

Rapid pay-down of debt facility from cashflows leaving balance of $124m at 30 June 2015

Opportunity to leverage ownership of mill to develop and / or consolidate regional deposits

Exploration potential as limited exploration on the prospective tenement package to date

Key metrics

• Production 150koz

• Reserves 0.8Moz

• Resources 2.7Moz

x 1.6

x 2.7

x 2.2

Key metrics

• Production (attributable) 67koz

• Reserves (attributable) 0.5Moz

• Resources (attributable) 1.0Moz

Issues at the time of privatization (2012)

13

OVERVIEW OF EVOLUTION

La Mancha has entered into a binding agreement to contribute 100% of La Mancha’s Australian operation into Evolution in exchange for 31% of the enlarged entity. Transaction closed on August 24th 2015.

Both companies have a shared vision of creating a leading Australian player by capturing growth opportunities

La Mancha is supportive of Evolution’s growth plans, as proven by it’s A$112m equity placement to help fund the Cowal acquisition of A$752m1, which was successfully completed on July 24th 2015.

La Mancha has 2 seats on Evolution’s board, and a 2-year equity lock-up

La Mancha is highly supportive of Evolution’s management style, led its CEO, Jake Klein

Description of strategic alliance

Formation of a leading Australian gold producer Main Shareholders (as of Oct 2015)

Market Data

in A$ in US$

Share price as at December 14, 2015

1.46 1.06

(×) Shares outstanding 1,461 m 1,461 m

Market capitalisation A$ 2,133 m US$ 1,549 m

(–) Cash & cash equivalents

A$ (48.2) m US$ (35) m

(+) Debt (mrq) A$ 530 m US$ 385 m

Enterprise value A$ 2614 m US$ 1895 m

1 Including stamp duty and transaction costs)

Main shareholders

La Mancha Holding 31.0%

Van Eck 12.9%

Ruffer LIp 2.9%

Investec Asset Management Ltd 1.1%

Vanguard Group Inc 1.0%

Listing: ASX: EVN

Evolution La Mancha Australia Cowal

Combined New Group

Annual Production (koz) 437 120 – 135 230 – 260 730 – 810

Reserves (Moz) 2.2 0.8 2.2 5.2

Resources (Moz) 5.0 2.6 5.1 12.7

Assuming an exchange rate of 1.38 AUD/USD

14

DIVERSIFIED AUSTRALIAN PORTFOLIO

Production Profile

Cowal La Mancha Australia

Pajingo Cracow Mt Rawdon Mt Carlton Edna May Total

Ownership 100% 100% 100% 100% 100% 100% 100% 100%

Gold Reserves (Moz) 2.18 0.78 0.10 0.25 0.88 0.63 0.39 5.20

Gold Resources (Moz) 5.09 2.64 0.82 0.71 1.16 0.87 1.06 12.74

FY2015A Au Production (Koz) 230-260* 141-159* 66 93 102 78 99 437

FY2015A AISC (AU$/oz) 860-950 920-1,020 1,180-1,260 1,080-1,150 880-940 760-810 1,225-1,325 990-1,060

FY2015A AISC1 (US$/oz) 620-680 660-730 850-900 775-825 630-675 545-580 880-950 710-760

FY2016E Au Production (Koz) 215 – 240* 120-135* 60-65 85-95 88-98 80-88 83-90 730 – 810

Edna May

Brisbane

Sydney

Townsville

La Mancha

Australia

Mt Carlton Pajingo

Cracow

Cowal

Mt Rawdon

415

128

228

400koz

2014

428koz

2013

393koz

2012 2015 2016

770koz

347koz

2011

303koz

Evolution Cowal La Mancha

1 As published by Evolution for year ended June 2016, AISC converted into US$/oz with the exchange rate of 1.4AUD/USD

Source: Company information Note: Production is shown on 100% basis. Resources are shown inclusive of reserves and are shown on a 100% basis. Mine life based on current reserves

Annual production for year June to June, kozpa

15

WEST AFRICA

30% holding of Endeavour Mining

15

16

LA MANCHA COTE D’IVOIRE ASSET OPTIMIZATION AND TURN-AROUND

45.9% minority stake

+20 years of existence but only 2 years of mine life based on reserves

Operation not optimized and underperforming

Strong exploration potential but:

• No resources identified

• No studies done to prove economic viability of potential

Key developments Accomplishments as of today

(2015)

Majority control obtained by increasing ownership to 55%

Negotiation of a new technical agreement and mining convention

New management put in place

Record historic production achieved in 2013-2014 of ~80koz

Exploration has increased resources from 0.7Moz to 3.4Moz resources (+460%)

Positive PFS study completed

Heap Leach production increased by 50% with costs reductions

Increased production to +150/200 kozpa in 2018 with a +10 year mine life with CIL plant construction

Resources up x6 in 3 years, targeting +2Moz in reserves and +4Moz in Resources by end of 2015

Huge exploration potential in a still underexplored area

DFS expected to be completed by early 2016

Construction expected to start by 2016 with first gold pour in early 2018

Key metrics

• Production 80koz

• Reserves 1.7Moz (+2Moz target by year end)

• Resources 3.4Moz (+4Moz target by year end)

x 7

x 6

x 1.5

Key metrics

• Production 54koz

• Reserves 0.3Moz

• Resources 0.7Moz

Issues at the time of privatization (2012)

17

OVERVIEW OF ENDEAVOUR

La Mancha has entered into a binding agreement to contribute La Mancha’s 55% stake in the Ivorian Ity mine and US$63m1 in cash in exchange for 30% of the enlarged entity.

The transaction is expected to close in early November1

$75m in-principle commitment by La Mancha to fund future growth

La Mancha has 2 seats on Endeavour’s board and a 2-year equity lock-up

Sebastien de Montessus will become President of Endeavour upon closing and will be Neil Woodyer’s, current EDV CEO, successor within 24 months of closing.

Shared vision of creating leading producer

Formation of a leading African gold producer

Endeavour La Mancha (Ity mine)

Combined New Group

Impact of adding Ity

Production 2015E (koz) 475-500 85-90 560-5902 +18%

AISC 2015E US$/oz 930-980 700 900-9502 -5%

Reserves3 (Moz) 3.9 0.9 4.8 +23%

Resources4 (Moz) 9.0 1.9 10.9 +21%

Market Data

CAD USD

Share price as at December 11th 2015

0.689 0.50

(×) Shares outstanding anticipated at closing

590 m 590 m

Market capitalisation C$ 391 m US$ 288 m

(+) Net Debt C$220 m US$ 161 m

Enterprise value C$ 611 m US$ 419 m

Listing: TSX: EDV

Main Shareholders

Main shareholders5

La Mancha Holding 30.0%

Van Eck 5.3%

Ruffer Ltd 4.5%

Fidelity Management 1.4%

Oppenheimer 1.1%

1The US$63 million cash investment by La Mancha is inclusive of an expected US$25 million of attributable cash held in SMI (representing 55% of an anticipated US$45 million cash balance at closing), with the balance being invested into the La Mancha subsidiary being sold to Endeavour. 2 Based on pro-forma forecast for 2015 3 On an attributable basis 4 Inclusive of reserves, on an attributable basis 5Anticipated at closing and based on holdings as of October 2015

18

ENDEAVOUR MINING POST-MERGER : A WEST AFRICAN LEADER

Source: Company information, Mine life based on current reserves 1 M+I+I Resources are shown inclusive of reserves and are shown on a 100% basis 2 Production is on a 100% basis 3 Based on pro-forma forecast for 2015

Mauritania

Senegal

Gambia

Guinea-Bissau

Guinea

Sierra

Leone

Liberia

Mali

Cote

d’Ivoire

Ghana

Burkina

Faso

Niger

Benin

Togo

Agbaou Mine

Tabakoto Mine

Nzema Mine

Youga Mine

Houndé project

Accra

Ity Mine

Production Profile

Agbaou Nzema Tabakoto Youga Houndé Ity Ity CIL Total

Ownership 85% 90% 80% 90% 90% 55% 55% -

Gold Reserves (Moz) 0.9 0.5 0.8 0.2 2.1 1.7 1.4 7.6

Gold Resources1 (Moz) 1.3 1.9 1.8 1.0 2.8 3.4 3.4 15.1

FY2015E Au Production2 (Koz) 150-155 110-115 155-165 60-65 - 88 - 560-590

FY2015E AISC (US$/oz) 690-740 1,000-1,050 950-1,000 975-1,025 - 700 - 900-9503

$600

$700

$800

$900

$1,000

$1,100

-

200,000

400,000

600,000

800,000

2014A 2015 2016 2017 2018 2019

$/oz Ounces

Youga Nzema Agbaou

Tabakoto Houndé Ity (Heap Leach)

Ity (CIL) Group AISC

West African footprint : 5 mines and 2 projects

Abidjan

19

Endeavour’s Agbaou mine is a low cost operation with

significant exploration potential

Endeavour acquired the project in 2010

Following exploration programs, completion of an updated

FS, and on-time and under-budget project construction,

the Agbaou mine started commercial production in 2014

Currently producing gold at a rate of +150koz/yr at an

AISC/oz of $6191

Most gold deposits in West Africa are located in the belt

SIGNIFICANT FOCUS IN CÔTE D’IVOIRE MAJORITY OF PRODUCTION FOR COMBINED ENTITY

Large footprint in a highly prospective and unexplored country

Burkina Faso

22%

35%

110Moz

Mali

11%

Ghana

33Moz

10%

19%

Cote d’Ivoire

8Moz

12Moz 12Moz

Guinea

Endownment found, Moz

% of Birimian

With the bulk of production based in Côte d’Ivoire, Ity will

benefit from strong shareholder support

Ity mine to benefit from synergies with Agbaou mine

Strong balance sheet to continue exploration and develop

the CIL project

Endeavour’s Construction Services team to contribute to

the completion of feasibility study and construction plan

Positive impact for La Mancha’s Ity Gold Mine

2333

913

2727

35

Tauru

s Go

ld

Gryp

ho

n

New

crest

Am

ara

La Man

cha

Ran

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Perseu

s

Reso

lute

End

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r

Source : SNL reports

Endeavour’s Agbaou mine

La Mancha is leading explorer in Côte d’Ivoire

Largest land holding and yet very low findings

In US$m for 2013-2014

1 Actual AISC/oz during Q2/2015

20

OVERVIEW OF THE ITY MINE IN CÔTE D’IVOIRE

ko

z

1 Mineral Resources inclusive of Reserves (100% basis) 2 Parameters currently being evaluated in the DFS

55% interest with remaining 40% held by Côte d’Ivoire (State and SODEMI) and Didier

Drogba group (5%)

Ity has produced over 1Moz since 1991

Successful exploration has generated the CIL project, with a positive 2.0mtpa PFS

published in 2014

DFS expected to be completed in early 2016 on the basis of increased resources and a

3.0mtpa plant

Ity Gold Mine (100% basis) Heap Leach CIL Project2

Stage In production DFS underway

Production start date 1991 2019e

Mine type Open Pit Open Pit

Mill type 950ktpa HL 3.0mtpa CIL

Upfront capital (US$M) n/a Approx. $300

Production 2015e: 88koz +120koz/yr

AISC/oz (HL: H1 2015) US$696 <US$725

P+P Reserves 173koz 1.4Moz

M&I Resources1 2.9Moz

Inferred Resources 0.5Moz

45 43 40

54 52 60

37

54

82 82 88

0

20

40

60

80

100

200

5

200

6

200

7

200

8

200

9

201

0

201

1

201

2

201

3

201

4

201

5e

Heap Leach - historical production (100% basis)

Sawiris owned

Asset overview Asset overview

Ity Mine site plan

21

OVERVIEW OF THE HOUNDE PROJECT IN BURKINA FASO

1 Mineral Resources inclusive of Reserves (100% basis) 2 Otjikoto IRR at $1,350/oz and pre-tax 3 Fekola IRR is pre-tax

Located 250 km southwest of the capital city Ouagadougou

90% interest with remaining 10% held by the government of Burkina

Faso

DFS completed and Fully permitted

Construction and financing decision to be taken in early 2016

Houndé Gold Mine (100% basis) CIL Project

Stage Received mining permit in

Feb 2015

Production start date 2017e

Mine type Open Pit

Mill type 3.0mtpa CIL

Upfront capital (US$M) Approx. $325

Production 190koz/yr

AISC/oz (at US$1,250/oz) <US$725

P+P Reserves 1.9Moz

M&I Resources1 2.5Moz

Inferred Resources 0.3Moz

Peer Project-Status, R&R and IRRs at $1,300/oz

Asset overview Asset overview

Houndé gold operations

Houndé

Yaramoko (Roxgold) Karma

(True Gold)

Asanko Phase 1 (Asanko)

New Liberty (Aureus)

Otjikoto3

(B2Gold)

Bombore (Orezone)

Esaase (Asanko)

Fekola2

(B2Gold)

Yanfolila (Hummingbird)

Yaoure (Amara)

0%

10%

20%

30%

40%

50%

60%

70%

Pro

ject IR

R

Ity CIL

22 22

THANKS

About La Mancha Group

La Mancha is a privately-held gold investment company held by the Sawiris Family. Under the Sawiris family ownership, La Mancha’s assets were optimized, increasing annual production from 117,000 ounces in 2012 to 216,000 ounces in 2014. In 2015, the asset portfolio was restructured to position the company to capture growth opportunities in both Australia and Africa. In Australia, La Mancha now owns a 31% interest in Evolution Mining, a leading pure-Australian gold miner. In Africa, after completion of the envisaged transaction, La Mancha will own a 30% interest in Endeavour Mining, a leading Africa-focused gold miner. For more information, please visit www.lamancha.com.