Middle Island Resources

Exploring Golden Frontiers

2

2

Disclaimer Notice

The material in this presentation (“material”) is not and does not constitute an offer, invitation or recommendation to subscribe for, or purchase any security in Middle Island Resources Limited

(“MDI”) nor does it form the basis of any contract or commitment. MDI makes no representation or warranty, express or implied, as to the accuracy, reliability or completeness of this material.

MDI, its directors, employees, agents and consultants shall have no liability, including liability to any person by reason of negligence or negligent misstatement, for any statements, opinions,

information or matters, express or implied, arising out of, contained in or derived from, or for any omissions from this material except liability under statute that cannot be excluded. Statements

contained in this material, particularly those regarding possible or assumed future performance, costs, dividends, production levels or rates, prices, resources, reserves or potential growth of

MDI, industry growth or other trend projections are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and

unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward looking statements depending on a variety of

factors.

Qualified Person’s Statement

The estimates of mineral reserves and resources were estimated as at December 31, 2012, the whole in accordance with the provisions adopted by the Canadian Institute of Mining

Metallurgy and Petroleum and incorporated into NI 43-101. These reserve and resource estimates from Samira Hill Mine were reviewed and approved by, Mr. Michel A. Crevier, P. Geo,

MScA, Vice-President Exploration and Mining Geology, Semafo’s “qualified person” (as defined in NI 43-101).

Competent Persons’ Statement

Information in this report relates to exploration results or mineral resources that are based on information compiled by Mr Rick Yeates and Mr Beau Nicholls who are fulltime employees of MDI

and are Members of the Australasian Institute of Mining and Metallurgy (AusIMM) and the Australian Institute of Geoscientists (AIG) respectively. Mr Yeates and Mr Nicholls have sufficient

experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activities undertaken to qualify as Competent Persons as defined in the 2004

Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Yeates and Mr Nicholls consent to the inclusion in the presentation of the

statements based on their information in the form and context in which they appear.

Information relating to mineral resources associated with the Tialkam South Prospect is based on information compiled by Mr Bradley Ackroyd, a Member of the Australian Institute of

Geoscientists (Competent Person). Mr. Ackroyd is an independent resource consultant and has sufficient experience which is relevant to the style of mineralisation and type of deposit under

consideration, and to the activity which he is undertaking, to qualify as a Competent Person as defined in the Australasian Code for Reporting of Exploration Results, Mineral Resources and

Ore Reserves (JORC Code 2004). Mr. Ackroyd consents to the inclusion of the matters based on his information in the form and context in which it appears.

Please note with regard to exploration targets, the potential quantity and grade is conceptual in nature, that there has been insufficient exploration to define a Mineral Resource and that it is

uncertain if further exploration will result in the determination of a Mineral Resource.

Disclaimer Notice and Competent Person’s Statement

3

3

Capital Structure ASX Code: MDI

Shares on Issue 125m (175m)

Unlisted Options 18.5m

Number of Shareholders ~700

Top 20 Shareholders ~63%

Directors ~21%

Institutions ~30%

Newmont ~10%

Cash (30/06/13) A$5.63m

Market Cap (at A$0.11) A$13.8m

4

4

Board and Management Team

Peter Thomas (Non-Executive

Chairman)

• Retired Solicitor • Corporate and commercial mining industry advice since

1980 • Served on the boards of various listed companies since the 1980s

• Founding Chairman of Sandfire Resources NL • Currently Chairman of four

ASX listed companies

Rick Yeates (Managing Director)

• Geologist • 32 years international experience • BHP, Newmont and Amax

• Co-founded consulting firm RSG (subsequently RSG Global & Coffey Mining)

• 23 years experience in West Africa • Non-executive Director of Western Areas

Limited

Beau Nicholls (Technical Director)

• Geologist • 18 years international experience in mining and exploration

• Proven track record of discovery & development on four continents • 10

years international consulting experience with RSG, RSG Global & Coffey

Mining • 3 years as Regional Manager - West Africa • Worked in all West African

jurisdictions

Linton Kirk (Non-Executive

Director)

• Mining Engineer • 32 years international experience in mining, earthmoving,

contracting, management & consulting • Extensive African gold experience as

mining manager/general manager in Ghana, Zimbabwe & Zambia • Previously

Partner & Manager Mining for RSG Global & Chief Mining Engineer for Coffey

Mining • Non-executive director of MACA Limited

Dennis Wilkins (Company Secretary)

• Accountant • Principal of DW Corporate – corporate advisors • Director,

company secretary or corporate advisor to listed resource companies over 25

years • 5 years merchant banking in London • Extensive capital raising

experience • Director of Key Petroleum & Minemakers

Andrew Chubb (Exploration Manager)

• Geologist • 14 years international experience including Mali, Tanzania, DRC,

Tunisia • Consultant & company geologist • Proven record of project

management • Highly developed technical & management skills

• Speaks French • Resident in West Africa

5

5

• Gold.

• West Africa.

• Minimum +1Moz ‘stand-alone’

resource base.

• Leverage off management’s 24

years local experience & contacts.

• Jurisdictions with acceptable risk

profile.

• Jurisdictions with exposure to US$

gold price & costs.

• Domains with track record of

successful project development.

Corporate Strategy

6

6

• 3 West African countries

(combined area of

~4,244km2)

• Seeking to acquire 80%

interest in the Samira Hill

gold mine & mill, plus hold

70-100% interest in a further

7 exploration permits,

comprising the Sirba Project

– Niger (2,577km2)

• 100% of Reo Project

– Burkina Faso (1,166km2)

• 100% of Nuon River Project

– Liberia (1,135km2)

Projects

7

7

• Consolidation of

entire Sirba

greenstone belt,

including the Samira

Hill gold operation.

• 70-100% interest in a

further 7 permits

covering 2,577km2 of

under-explored

Birimian greenstones.

• Covers 100km strike

length of JICA regional

gold soil anomaly.

• Samira Hill

processing plant

centrally located.

Sirba Project (Niger) - Overview

8

8

• Non-binding Heads of Agreement to purchase an 80% interest in the

Samira Hill gold mine, via the acquisition of all the shares in AGMDC

(a wholly-owned indirect subsidiary of SEMAFO Inc.), which owns an

80% interest in Société des Mines du Liptako (SML) S.A., owner and

operator of the Samira Hill Project.

• The Government of Niger owns the remaining 20% interest in SML.

• Purchase comprises a cash payment of US$1.25m and a net smelter

return (NSR) royalty of 1.2%, payable at or above a gold price of

US$1,450/oz & capped at US$12m.

Sirba Project – Samira Hill Acquisition

9

9

• 2Mtpa oxide CIL processing facility, grid power & 6MW power station,

tailings dam, 4ML process water reservoir, ancillary mobile fleet, mill

spares, consumables, workshops, warehouses, 200 man camp & airstrip.

• 1.35Moz in reserves and resources (as at 31 December 2012).

• Reserves: 2-3 years production from Q4 2013 at ~50,000oz per annum.

• Potential mine life of >8 years if Inferred Resources are successfully

converted.

• Considerable resource and exploration upside.

Samira Hill - Production

10

10

• Inferred Resource of 2.6Mt

at 1.89g/t Au (157,000oz).

• 15km from Samira Hill

process plant, 5km of which is

on existing haul road.

• Priority target for infill drilling.

• Represents priority, higher

grade production & revenue

opportunity.

• Abundant exploration potential

along magnetic trend between

Tala Tonde & Libiri.

Samira Hill - Tala Tonde Deposit

11

11

• Presents a significant

resource opportunity.

• 12km from Samira

Hill processing plant.

• Initial 4,314m RC

resource drilling

program completed.

• Exceptional maiden

drill results include:-

21m at 4.89g/t Au

19m at 4.16g/t Au

17m at 3.05g/t Au

12m at 4.34g/t Au

15m at 2.30g/t Au

13m at 2.73g/t Au

Sirba Project - Tialkam South Prospect

12

12

• Indicated and Inferred Resource of

2.02Mt at 1.82g/t Au, 117,300oz gold.

• Indicative average recoveries of

95% and 78% from oxide and

transitional mineralisation

respectively.

• Initial strike length of 350m, to a depth

of ~100m & remains open in all

directions.

• Represents priority, higher grade

production & revenue opportunity.

• Further 9 satellite targets identified

within Tialkam & Deba permits.

• Permit extensions in progress.

• Agreement with partners for MDI to go

direct to 100% interest in exchange for

a 1.5% NSR royalty with a buy-out

option.

Sirba Project - Tialkam South Prospect

13

13

• Greenfields discovery in the Nassilé permit.

• No artisanal workings or surface geochemical

expression.

• 10km long, high tenor (to 3.1g/t Au) auger

anomaly, with multiple results >0.5g/t

(500ppb) Au.

• Veneered by 7-9m of alluvial cover.

• Three en echelon zones (aggregate 16km

strike length).

• Lies between arcuate granodiorite contact to

west & major first order structure (50m wide

quartz vein) to east.

• Auger anomaly infilled to 200m x 100m

spacing.

• Reconnaissance RC drilling recently

completed.

• Exceptional, priority target.

Sirba Project - Kimba Prospect

14

14

• 7 permits covering

1,166km2.

• 150km west of

Ouagadougou.

• Excellent access and

infrastructure.

• Proximal to new gold

operations (Mana,

Bissa).

• 50km long shear zone

provides focus for

exploration.

Reo Project (Burkina Faso) - Overview

15

15

• 1-2Moz target potential.

• Veneered by 4m of transported laterite

cover.

• 60m deep oxide profile.

• Extensive, zoned alteration system.

• 5,000m infill RAB & 5,000m RC programs

recently completed.

• 2.5km long, open-ended mineralised

zone.

• Plus 4 higher grade satellite targets within

4km radius.

• Gold recoveries of 93%, 97% and 95% for

oxide, transitional and primary ore types.

• More significant intersections include

18m at 2.51g/t , 4m at 16.2g/t, 4m at

14.0g/t, 12m at 4.99g/t, 12m at 4.11g/t,

4m at 12.2g/t, 36m at 1.25g/t &

16m at 2.66g/t Au.

Reo Project - K4/K5 Prospect

16

16

• Two, broad, high grade

east-west trending

lodes that dip

moderately north.

• Numerous significant

trench & drill results

defined to date:-

- 34m at 16.4g/t Au - 10.6m at 17.4g/t Au - 39m at 2.62g/t Au - 10m at 9.63g/t Au - 38m at 2.51g/t Au - 11m at 7.97g/t Au - 10m at 7.55g/t Au

• High grade, open pit

satellite resource.

• 20km north of K4/K5.

Reo Project - Morley Prospect

17

17

• 100% interest in 5

permits covering

1,135km2.

• BLEG stream sediment

sampling & airborne

magnetic surveys

completed over whole

project area.

• 8 priority gold

anomalies defined.

• Mambo & Middle East

prospects most

significant.

• Probable divestment.

Nuon River Project (Liberia) - Overview

18

18

• Essential to build political & social capital from the

outset.

• Up to 5% of annual exploration budget dedicated to

community development programs & projects.

• Ten projects completed or underway in all three jurisdictions.

Community Development

19

19

• Total Budget up to $9.12m (incl. Samira Hill)

• Samira Hill ($5.14m)

– Tala Tondé (infill and extension RC drilling).

– Tondé Boubangou (infill RC drilling).

– Budget included in cashflow modelling.

• Sirba Project ($2.04m)

− Tialkam South (infill RC, feasibility studies).

− Sefa Nangue (RC drilling, metallurgy, studies).

− Kimba (RAB & RC drilling).

• Reo Project (up to $1.94m)

− K4/K5 (RC drilling, metallurgy,

baseline studies).

• Nuon River Project

− Divest.

2013-14 Exploration & Feasibility Program

20

20

• Potential near-term cashflow from

Samira Hill (~50,000oz pa).

• Highly experienced West African

team.

• Capital structure intact.

• ~A$5M cash; raised a further A$5M.

• Newmont as a cornerstone

corporate shareholder (10.15%).

• Major international institutions well

represented on register (~30%).

• Quality exploration & development

projects.

• Ideally positioned for production

and further discoveries.

Conclusions

Unit 2, 2 Richardson Street West Perth

Western Australia, 6005

Tel +61 (08) 9322 1430

Fax +61 (08) 9322 1474

www.middleisland.com.au