November 26th 2012

Annual General Meeting

Exploration Update For

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To locate sufficient gold resources to support a

new mine development.

To operate mines with minimal environmental

impact.

To enhance returns to shareholders

To rehabilitate the site after mining for a

sustainable future.

Exploration Objectives

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Glen Wills Project

Maude Gold Mine

Sunnyside

Centre Country

Regional Exploration

Merrimac Creek

Granite Flat

Banimboola

Omeo Shear Zone

Forsyth

Comstock

Mountain Maid

Dry Gully

Benambra East

Exploration Strategy

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Tenement Strategy – 2012.

765km2 - 2011

706km2 - 2012

During 2012 Synergy undertook requisite DPI

land reductions on a number of existing

exploration Licences

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Sunnyside

Glen Wills

GDA94 Zone 55

Tenement Holdings and Prospect Location. Victoria.

EL5300

EL3916

EL4744

EL4744

EL4818

EL3916

EL4717

EL4717 EL4744

MIN4921

Dry Gully

Mountain

Maid

Forsyth

Comstock

Granite

Flat

Merrimac

Creek

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Glen Wills Goldfield Project History

Synergy Metals Limited purchases Australian Gold Mines NL

– October 2003.

Surface Drilling commences at Glen Wills – January 2004

First Mineral Resource – 39,600 ounces gold - September

2005

Underground & surface drilling re-commences – July 2008

Second Mineral Resource – 103,000 oz - October 2009

Underground & surface drilling re-commences – May 2011

Construction of UG drill chambers & ongoing Surface & UG

drilling, June ’11 – Oct ‘11

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Glen Wills Goldfield Project History

Second phase of Underground drilling commences March 2012

Surface Drilling re-commences at Glen Wills – May 2012

Surface Drilling re-commences at Sunnyside – June 2012

Second Mineral Resource – 166,750 ounces gold

143,350 ounces silver – June 2012

* * * * *

Underground & surface drilling completed – September 2012

Revised Mineral Resource – expected Dec 2012 Quarter For

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• 47km2 Exploration Licence

-EL3916

•465 Hectares granted Mining Lease

– MIN4921

MIN4921

Glen Wills Gold Project

OMEO

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Total Historic Production - 215,500 ounces Gold

JORC Mineral Resource (June - 2012) -166,760 ounces Gold

Endowment to date (past & present) - 382,260 ounces Gold

Mt Wills Glen Wills Goldfield

Historic Production

133,300 oz Au

Sunnyside Goldfield

Historic Production

82,400 oz Au Mt Wills

Centre Country Prospect

5 kms

JORC 2012

85,900oz Au

JORC 2012

69,000 oz Au JORC 2012

(Tailings)

9,350oz Au

GDA94 Zone 55

800 L

Total Historic Production - 215,500 oz Au

JORC Mineral Resource (June - 2012) -166,760 oz Au

Endowment to date (past & present) - 382,260 oz Au

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Mt Wills

Glen Wills

Orebody

Glen Wills Resource(incl Tailings)

532Kt @ 5.7g/t Au96,690oz

Sunnyside Resource197Kt @ 11.1g/t Au

70,060oz

Centre

Country

Surface Trace

of Glen Wills

Mineralised Structure

Omeo Highway

Omeo Highway

Sunnyside

Goldfield

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Glen Wills Goldfield

Historic Production - 133,300 oz Au

JORC Resource – 87,340 oz Au

Present Endowment – 220,640 oz Au

Sunnyside Goldfield

Historic Production - 82,400 oz Au

JORC Resource – 70,060 oz Au

Present Endowment – 153,460 oz Au

Current

Combined Endowment (incl. tailings) 382,260 oz Gold

Mt Wills

<1.00g/t Au

1.00 – 5.00 g/t Au

>5.00 g/t Au

Historic Levels

Historic Workings

LEGEND

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Mt Wills

2012 Exploration Program – expanding known Mineralisation

CENTRE

COUNTRY

SUNNYSIDE

SOUTH

Exploration Potential

320,000 oz Au

Current combined endowment is +380Koz .

Exploration Potential of 320Koz

How much more potential exists at depth?

<1.00g/t Au

1.00 – 5.00 g/t Au

>5.00 g/t Au

Historic Levels

Historic Workings

LEGEND

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2012 Completed Drill Holes

Glen Wills

Twenty-three Diamond drill holes – 7,076 metres

Eleven from Underground – 3,294 metres

Twelve from Surface – 3,782 metres

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<1.00g/t Au

1.00 – 5.00 g/t Au

>5.00 g/t Au

Historic Levels

Historic Workings

LEGEND

GDA94 Zone 55

1000 L

900 L

ASX Longsection release 01 Oct ‘12

Glen Wills F

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2012 Sunnyside Drill Holes

Sunnyside

Seven Diamond Drill Holes – 1,214 metres

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<1.00g/t Au

1.00 – 5.00 g/t Au

>5.00 g/t Au

Historic Levels

Historic Workings

LEGEND

GDA94 Zone 55Golden Fleece

WorkingsThree Stars

Workings

United Brothers Workings

Central / United Brother’s Line

Sunnyside Goldfield F

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2012 Exploration Works

Centre Country Prospect

Access track to #2 drill pad complete

Drilling planned Early 2013

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EL3916 – Mt Wills

Renewed to 13 May 2014 – 47 sq km

Merrimac Prospect

Soil and stream sediment anomalies

Drilling program approved

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EL4744 – Granite Flat

Granted to 2014 – 100 sq km

Granite Flat Prospect

Previous drilling

Gold + copper potential

Untested anomalies

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Granite Flat

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Granite Flat Mineralisation

Hosted by multi-phase intrusions

Structural control

Multiple lines of narrow veins & shears

Pyrite + copper sulphides, minor galena,

sphalerite & arsenopyrite

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Granite Flat

Work Plan for Drilling of 3 holes

Approved by DPI.

Re-processing of geophysics data has

outlined structural targets for follow-up

review and possible drill testing.

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Granite Flat - Magnetics

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EL5300 - Banimboola

Granted April 2016 – 52 sq km

Nthn extension of Banimboola pluton

Limited previous exploration

Cu-Au anomalies For

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EL5300 - Program

Targets

Intrusive-related gold-copper mineralisation

High-grade structures

Reconnaissance mapping & sampling

Stream sediments

Structural extension from EL4744

Follow-up anomalies

Soils

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EL4717 - Omeo

Granted to 2014 – 420 sq km

Omeo / Ensay Shear Zone

Historical gold and silver workings within

shear zones

High-grade drilling targets

Several groups of workings

Forsyth’s

Comstock

Mountain Maid – Helvetia

Dry Gully

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EL4717 - Omeo

Mountain

Maid Forsyth

Comstock

Dry Gully

GDA94 Zone 55

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EL4717 - Omeo

High grade mineralisation

En echelon veins associated with Ensay

Shear Zone

Quartz veins & disseminated pyrite in

granites

Historical grades 10 – 100 g/t Au (+/- Ag)

Alluvial workings produced >2,300 kg Au

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Close to infrastructure

Freehold land – no Native Title Claims

High grade targets defined by old

workings

EL4717 - Omeo F

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EL4717 – Omeo/Ensay Shear Zone F

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Forsyth / Comstock

FORSYTH PROSPECT

COMSTOCK PROSPECT

OMEO (4kms)

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Forsyth / Comstock

FORSYTH PROSPECT

COMSTOCK PROSPECT

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EL4717 - Omeo Soil Sampling program at Comstock.

Drilling at Forsyth Dec ‘11 – Jan ‘12

Three (3) Diamond drill holes – 466 metres

One Hole (FS11-01) significant mineralisation

Better results; FS11-01 5.35m @ 4.70g/t Au,

334.0g/t Ag

0.29% Pb

0.68% Zn

Including 1.35m @ 11.52g/t Au

906.3g/t Ag

0.91% Pb

2.51% Zn

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EL4717 - Omeo

Livingstone

Creek

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EL4717 - Omeo

5.35m @ 4.70g/t Au

334g/t Ag

0.29%Pb

0.68%Zn

1.35m @ 11.52g/t Au

906.3g/t Ag

0.91%Pb

2.51%Zn For

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EL4717 - Omeo

RC/ DD drilling

Forsyth’s : follow-up drilling

Comstock : drilling

Work Plans Approved

Mountain Maid : 600m (4 holes)

Environmental Offset Required

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EL4818 – East Benambra

Wattlebird

Sutters

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EL4818 – East Benambra

Granted to 2014 – 84 sq km

Adjacent to Independence’s Stockman

project

Sutters prospect – down-graded

Wattlebird Prospect – minimal

prospectivity

Licence to be relinquished

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Summary

Tenement Reductions & Acquisitions

Ongoing

Glen Wills UG Exploration – success

Sunnyside Surface Exploration – success

Centre Country – ready to go

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Summary

Merrimac (EL3916) – Ready to drill

Comstock (EL4717) – Ready to drill

Forsyth (EL4717) – Follow-up drilling

Granite Flat (EL4744) – Ready to Drill

Minor adjustments to veg disturbances

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Summary

Banimboola (EL5300) – Available for

Exploration

East Benambra (EL4818) – Potential

Still to Test

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2013 Programme

Continue drilling and exploring at Glen Wills,

Sunnyside & Centre Country

Resource upgrade for Glen Wills / Sunnyside

Undertake exploration & drilling at Regional

Prospects in East Victoria

Reviews and acquisitions For

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Thank you.

Disclaimer: This document was prepared by Synergy Metals Limited. This document contains forward-looking statements

that involve risks and uncertainties. These forward-looking statements are not guarantees of Synergy Metals future

performance and involve a number of risks and uncertainties that may cause actual results to differ materially from the

results discussed in these statements. This document only contains information required for a preliminary evaluation of

the Company and in particular only discloses information by way of summary within the knowledge of the Company and its

Directors. A reader should seek his own independent professional advice in relation to the technical, financial, taxation,

legal and commercial matters relating to any potential investment in Synergy Metals Limited. Other than to the extent

required by law (and only to that extent) the Company and its officers, employees and professional advisers make no

representation, guarantee or warranty (expressed or implied) as to, and assume no responsibility or liability for, the

contents of this presentation.

In accordance with the ASX listing rules, the Directors note that the estimates of mineral exploration potential are based on tonnes

and grades which are conceptual in nature and do not represent any form of mineral resource estimate since at this stage there has

been insufficient exploration work done to be able to define a mineral resource compliant with the JORC Code guidelines and it is

uncertain whether further exploration work will result in the determination of such a mineral resource.

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