New Discoveries in West Africa

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New Discoveries in West Africa

Investor PresentationMarch 2012

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Disclaimer & Competent Person Statement

This presentation has been prepared by Golden Rim Resources Limited (ABN 39 006 710 774) (“Golden Rim”) based on information available to it. No representation or warranty,express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extentpermitted by law, none of Golden Rim, its related bodies corporate, its or their directors, employees or agents, advisers, nor any other person accepts any liability for any loss arising fromthe use of or reliance on this presentation or anything contained in, omitted from or otherwise arising in connection with it, including, without limitation, any liability arising from fault ornegligence on the part of Golden Rim, its related bodies corporate or its or their directors, employees or agents.

The distribution of this document in jurisdictions outside Australia may be restricted by law and you should observe any such restrictions.

This presentation is not an offer, invitation, solicitation or recommendation to invest in Golden Rim and neither this document nor anything in it shall form the basis of any contract orcommitment. The information in this presentation does not take into account the investment objectives, financial situation and particular needs of investors and does not constituteinvestment, legal, tax or other advice. Before making an investment in Golden Rim an investor should consider whether such an investment is appropriate to their particular investmentobjectives, financial situation and particular needs and consult a financial adviser if necessary. This presentation does not purport to constitute all of the information that a potential investormay require in making an investment decision. Investments are subject to investment risk, including possible delays in repayment and loss of income or principal invested. Golden Rimdoes not guarantee the performance of the investment referred to in this presentation, the repayment of any capital invested or any particular rate of return.

Any securities described in this presentation may not be offered or sold in the United States absent registration under the US Securities Act 1933 or exemption from registration. Neitherthis document nor any copy thereof may be taken or transmitted in the United States or distributed, directly or indirectly, in the United States or to any US person including (1) any USresident, (2) any partnership or corporation or other entity organised or incorporated under the laws of the United States or any state thereof, (3) any trust of which any trustee is a USperson, or (4) any agency or branch of a foreign entity located in the United States.

You acknowledge that circumstances may change and the contents of this presentation may become outdated as a result Golden Rim accepts no obligation to correct or update theYou acknowledge that circumstances may change and the contents of this presentation may become outdated as a result. Golden Rim accepts no obligation to correct or update theinformation or opinions in this presentation. Opinions expressed are subject to change without notice.

By accepting this document, you agree to be bound by the above limitations.

The information in this public report that relates to exploration results and mineral resources is based on information compiled by Mr Craig Mackay who is a member of The AustralasianInstitute of Mining and Metallurgy Mr Mackay is an employee of Golden Rim Resources Ltd Mr Mackay has sufficient experience which is relevant to the style of mineralisation and typeInstitute of Mining and Metallurgy. Mr Mackay is an employee of Golden Rim Resources Ltd. Mr Mackay has sufficient experience which is relevant to the style of mineralisation and typeof deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting ofExploration Results, Mineral Resources and Ore Reserves. Mr Mackay consents to the inclusion in the report of the matters based on his information in the form and context in which itappears.

Certain statements in the presentation are or maybe “forward-looking statements” and represent Golden Rim’s intentions, projections, expectations or beliefs concerning among otherthings, future exploration activities. The projections, estimates and beliefs contained in such forward looking statements necessarily involve known and unknown risks, uncertainties andg , p p j , g y ,other factors, many of which are beyond the control of Golden Rim, and which may cause Golden Rim’s actual performance in future periods to differ materially from any express orimplied estimates or projections. Nothing in this presentation is a promise or representation as to the future. Statements or assumptions in this presentation as to future matters may proveto be incorrect and differences may be material. Golden Rim does not make any representation or warranty as to the accuracy of such statements or assumptions.

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Executive Summary

>5,000km2 licence holding in Burkina Faso and Mali5,000km licence holding in Burkina Faso and Mali

6 key gold and copper-gold projects

Drill intercepts »»» resource definition stage

An aggressive drilling program underway (+55,000m)gg g p g y ( , )

Results continue to be positive (57m at 40.6 g/t gold)

Share price and market capitalisation have already doubled this field season

Now is the time to invest for the remainder of this field season’s resultsFor

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Corporate Snapshot (ASX:GMR)

Share Price Performance Capital Structure (as at 12 March 2012)

ASX Code GMR

Share price A$0.23

52 week low/high A$0.10 - A$0.28

Issued capital

- Shares on issue 413.3m

- Unlisted options 30.0m

+650% increase in share price & +3,000% increase in market capitalisationsince entry into West Africa

Market capitalisation(undiluted) A$95m

C h (29 F b 2012) A$7 5

Major shareholders

Institutional Investors 24%Cash (29 Feb. 2012) A$7.5m

Debt -

Enterprise value A$87 5m

Royal Group 13%

Board & Management 8%

Enterprise value A$87.5mRetail 55%

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Board & Management Team

Rick Crabb, ChairmanResource sector lawyer with over 30 years

Hayley Butcher, Company SecretaryResource sector lawyer with over 30 years experience; Current Chairman at Paladin Energy, Ashburton Minerals and Otto Energy. Councillor of WA Division of Australia Institute of Company Directors.

Chartered Secretary and governance professional. Experience with a number of ASX listed companies.

Peter Olubas, Exploration Manager Craig Mackay, Managing DirectorGeologist with over 23 yrs experience; previouspositions with major resource companies, including Shell , Acacia Resources, AngloGold.

Geologist with 22 years in exploration and mining. Previously worked for a number of major mining companies and has experience in SE Asia, PNG, Australia and Africa.

Michel Bal, West African Operations Manager

Gilbert Rodgers, Executive DirectorChartered Accountant and involved in the mining industry for more than 27 years; previously a director for a number ASX listed companies.

Michel Bal, West African Operations ManagerGeochemist; >30 yrs in the mining industry in West Africa. Involvement in gold, base metals, iron ore, semi-precious and precious stones, industrial minerals and tar-sand projects.

Ri h d Z C t M B ki Fp

Glenister Lamont, Non Executive DirectorMining Engineer; previously General Manager of Ashton Mining and Executive Director at UBS AG

Richard Zongo, Country Manager – Burkina FasoGeologist; 23 years of West African experience including 15 years at senior level with publicly listed Canadian and Australian exploration companies in Burkina Faso, Mali, Niger and Ghana.

Ashton Mining and Executive Director at UBS AG.

Nadir Al Hammadi, Non Executive DirectorDirector of PAL Technology Services, a member of th R l G l t d GMR jthe Royal Group conglomerate and GMR major shareholder.

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Burkina Faso Projects

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Balogo Project (Burkina Faso)

Grass roots discovery

IOCG t l & ld i li tiIOCG-style copper & gold mineralisation

3 zones of mineralisation discovered to date:Netiana Lodes:o 57m at 40.6 g/t gold

Incl. 8m at 244.8 g/t goldo 5m at 32.6 g/t goldP h L dPorphyry Lode: o 24m at 1.4 g/t gold, 0.9% copper (EOH)o 12m at 1.2 g/t gold, 0.5% copperCobra Shear Zone:Cobra Shear Zone: o 11m at 2.2 g/t gold, 2.8% copper

Incl. 3m at 5.8 g/t gold and 8.2% copper o 6m at 10 0 g/t goldo 6m at 10.0 g/t gold

Work Program30,000m Phase 3 RC drilling underwayTrenchingTrenchingDiamond drilling

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Balogo Hill Prospect at Balogo

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Yako Project (Burkina Faso)

Strategic location between Riverstone Resources and CluffGold

6 major artisanal mining sites

Multiple zones of mineralisation open along strike and at depth

Better intercepts include:Better intercepts include:

19m @ 4.08 g/t gold11m @ 8.7 g/t gold42 @ 1 6 /t ld42m @ 1.6 g/t gold

Work ProgramAeromagnetics3,000m RC drilling underwaySystematic geochemistryF

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Yako Project (Burkina Faso)

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Sebba Project (Burkina Faso)

Active artisanal workings

3 major regional shear zones (over 140km)

First-pass sampling completeFirst-pass sampling complete

Extensive gold-in-soil anomalies with assays up to 14.5 g/t gold

High grade rock chips up to 78.5 g/t gold

Significant RAB intercepts up to 8m @ 2.43 g/t gold2.43 g/t gold

Work ProgramGeochemical sampling o er shear onesGeochemical sampling over shear zones (assays pending)6,500m RAB/RC drillingFor

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Sebba Project (Burkina Faso)

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Mali Projects

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Sepola Project (Mali)

Inferred Resource: 3.8Mt at 1.5 g/t gold (181,000 oz) ( , )

Linnguekoto Prospect

Artisanal mining in shafts

High grade: rock chips up to 1,205 g/t gold

Drill intercepts up to 18m @ 8.19 g/t gold

Recent discovery of gold in broad quartz stock works hosted in greywacke

Trench intercepts include:16m @ 3.15 g/t gold32m @ 2.24 g/t gold (25m true width)

Potential for multiple, parallel zones of gold mineralisation

Work Program

Further trenchingFurther trenching

4,000m RC drilling (assays pending)

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Faraba Project (Mali)

40km structural corridor with gold40km structural corridor with gold mineralisation

GMR has major gold-in-soil anomalies has over 8km (up to 12 6 g/t gold)has over 8km (up to 12.6 g/t gold)

Value of licence holding enhanced by recent progress of African Gold Group (TSXV AGG) t K b d(TSXV:AGG) at Kobada

Kobada Preliminary ScopingNPV $216.9M (after tax)IRR 90.57% (after tax)20,000 tpd gravity plant>120,000 oz/yr

Kobada Feasibility by 28 June 2012

Work Program9 000 i d illi d9,000m aircore drilling underway

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Reasons to Invest

Major position in Burkina Faso and Malij p

Exposure to the fastest growing gold producing region in the world

Golden Rim is not relying on a single project for success

Experienced in-country teams enables “fast track” explorationExperienced in country teams enables fast track exploration

Significant drilling program for 2011-2012 field season (strong news flow)flow)

Potential re-rating this field season based on resource drilling

Golden Rim has an excellent cornerstone investor and partner in Royal Group (Abu Dhabi) which provides stability and new opportunitiesopportunitiesFor

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