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NOBLE METALS LIMITED A GLOBALLY UNIQUE INTEGRATED PRECIOUS METALS COMPANY

ASX: NMM

COMPANY UPDATE:Annual General Meeting

November 2016

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This Presentation has been prepared by Noble Metals Limited (ACN 131 213 824) (“Noble Metals”) as a summary of the company and its operations and for generalinformation purposes only. This Presentation is not a disclosure document and was prepared exclusively for investors to whom securities can be offered without adisclosure document (pursuant to Section 708 of the Corporations Act) for the sole purpose of providing background information to enable the recipient to review thepotential for the provision of equity funding to Noble Metals. By participating in this Presentation or retaining these materials, you acknowledge and represent that youhave read, understood and accepted the terms of this Important Notice and Disclaimer.

This Presentation may contain forward looking statements estimates of future earnings, the sensitivity of earnings to gold price and gold recovery rates, future goldproduction and sales, capital expenditure and estimates of resources and reserves and statements regarding future exploration results and the replacement of reserves(“Projections”). Any such Projections are based on assumptions which may differ materially from the actual circumstances which may arise. Noble Metals undertakes noobligation to update any Projections for events or circumstances that occur subsequent to the date of this Presentation or to keep current any of the information provided.Past performance is no guarantee of future performance. Any estimates or Projections as to events that may occur in the future are based upon the best judgement ofNoble Metals and there is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may bematerial. Noble Metals has no obligation to tell recipients if it becomes aware of any inaccuracy in or omission from the information in this Presentation.

This Presentation is not intended to be an offer, invitation, solicitation or recommendation with respect to Noble Metals securities and does not purport to cover all relevantinformation about any potential investment in Noble Metals. Accordingly potential investors are advised to seek appropriate independent advice, if necessary, to determinethe suitability of this investment. Neither the provision of this Presentation nor any information contained in this Presentation or subsequently communicated to any personin connection with this Presentation is, or should be taken as, constituting the giving of investment advice to any person. This Presentation does not contain legal, tax,accounting, investment or financial product advice and should not be used as the basis for making investment or other financial decisions in relation to Noble Metalssecurities. You should conduct your own investigations, enquiries and analysis and place no reliance on this Presentation in evaluating any potential investment in NobleMetals.

This Presentation (and the information contained herein) is confidential to Noble Metals. This Presentation is not intended for and should not be distributed to any otherperson. By receipt of the Presentation, the recipient agrees that it will not transmit, reproduce or make available the Presentation (or any information contained herein) toanyone other than its professional advisers without the prior written consent of Noble Metals. Also, this Presentation may contain information which is not “generallyavailable” within the meaning of section 1042C of the Corporations Act 2001 (Cwlth). By participating in this Presentation or retaining these materials, you represent andwarrant to Noble Metals that neither you nor your related bodies corporate, officers, directors, employees, advisers or agents will breach Division 3 of Part 7.10 of theCorporations Act (the “insider trading” prohibitions).

This Presentation, including opinions set out in it, is based on information compiled or prepared by Noble Metals from sources believed to be reliable, although no attempthas been made to verify such information. No representation or warranty, express or implied, is made as to the accuracy, currency, reliability, legality or completeness ofthe information in the Presentation. To the maximum extent permitted by law, none of Noble Metals, its directors, employees, advisors or agents, nor any other person,accepts any liability, including without limitation any liability arising out of fault or negligence, for any loss arising from the use of the information contained in thisPresentation. In particular, no representation or warranty, express or implied, is given as to the accuracy, completeness, likelihood of achievement or reasonableness ofany forecasts, Projections or prospects referred to in this Presentation. This does not apply to the extent that liability by law cannot be excluded.

IMPORTANT NOTICE AND DISCLAIMER

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CORPORATE PROFILE• GPS Metals Group acquired June 2016.

• Share Structure, November 2016

• Market Cap: $17.4 million (undiluted, share price: 13 cents, 9th Nov 16)

• Convertible Note: converts to 13,333,333 shares @ 3 cents

• Top 20 Shareholders: ~82.4%

• Net cash at end of September quarter 2016: A$1.67million

• September quarter positive operating cash flow after costs: A$345,000• December quarter operating cash flow forcast to grow

Shares Issued 133,722,750Options (ex. $0.021- $0.20) 12,750,000 Fully Diluted 146,472,750

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TOP TEN SHAREHOLDERS (November 2016)

GRAND PORT INC LIMITED 45,000,000

SMART KINGDOM INVESTMENTS LIMITED 22,500,000

JETOSEA PTY LTD 12,510,176

CALVESTON WORLDWIDE LIMITED 4,550,000

EAST CHAMBER ENTERPRISES LTD 3,700,000

EXERTUS CAPITAL PTY LTD 3,015,000

P FORD SUPERANNUATION PTY LTD 2,455,000

JAYCON INVESTMENT PTY LTD 1,945,600

MR ANDREW JOHNSTONE + MISS HELEN MORRISON 1,850,000

MRS SUSAN MAREE WHITING 1,500,000

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Top 10 share holders represents ~ 74% of Issued Shares

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COMPANY DIRECTORS AND MANAGMENTWilliam Hayden - Non-Executive ChairmanMr Hayden is a geologist with over 37 years experience in the mineral exploration industry, much of which has been in Africa and the Asia-Pacific region. Mr Hayden was the founder and President of Ivanhoe Mines Limited (formerly Ivanplats), a Canadian company which hasassembled extensive mineral holdings in South Africa, Gabon, and the Democratic Republic of Congo. Since 1986, Mr Hayden has worked ina management capacity with several exploration and mining companies both in Australia and overseas. Mr Hayden served as formerpresident of Ivanhoe Philippines, Inc (an Ivanhoe Mines wholly owned subsidiary), and President of GoviEx Uranium Inc. He is a director ofIvanhoe Mines Limited, Asia Pacific Mining Limited, ASX: Globe Metals & Mining Ltd., TSX: Nova Copper Inc.

Miguel Palomino - Managing DirectorMr Palomino studied engineering at the University of California San Diego and received additional engineering training at Hewlett Packard.Previously, Mr Palomino has worked for HP, Denso and Magellan with extensive experience in manufacturing, quality, logistics and supplychain management. Mr Palomino is an experienced veteran entrepreneur with more than 15 years of executive management experience. Bothdomestically and internationally, he has demonstrated outstanding stewardship of the companies and business divisions that he has led,posting increases in sales, reduction in costs and consistent earnings. Global Plus Holdings Ltd was founded as Andaluz Inc in Delaware in2010, and following an acquisition in 2013 was re-branded as GPHL. As CEO, Mr Palomino leads a management team of industry leaders inthe fields of metal processing and refining, operations & logistics, finance and business management.

Andrew Johnstone - Non-Executive DirectorMr Johnstone is a qualified geologist/geophysicist and is the former Managing Director of ASX listed Central Australian Phosphate Limitedtaken over by Rum Jungle Resources Limited in 2013. Mr Johnstone has held senior management positions in a number of ASX listedcompanies including Discovery Metals and Gulf Industrials and was founding director of Alligator Energy. During the 1990's, Mr Johnstoneworked for BHP both in Australia and internationally. He brings to Noble Metals over 23 years experience working in exploration, resourcedevelopment and mining. Mr Johnstone has a B.Sc (Hon) Economic Geology and Geophysics from the University of Tasmania and aGraduate Diploma in Applied Finance and Investment from the Securities Institute of Australia. He is a member of the Australian Institute ofGeologists (MAIG) and a Fellow of the Financial Services Institute of Australia (FFin).

Jay Stephenson - Company SecretaryMr Stephenson has been involved in business development for over 20 years including approximately 16 years as director, chief financialofficer, and company secretary for various listed and unlisted companies. He is currently Chairman of Yonder and Beyond Group Limitedand a director of Drake Resources, Doray Minerals, Nickelore, Parmelia Resources Limited and Strategic Minerals Corporation. He is alsocompany secretary for a number of ASX Listed companies

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Through the acquisition of GPS Metals Group,Noble Metals Platinum NL (Noble Metals ) hasbecome a vertically integrated preciousmetals company. With a footprint largeenough to satisfy the market’s demand offinished precious metal products.

GPS is a specialist precious metal smelterand refiner, producing platinum, gold,palladium and silver crucibles, foils, pellets,wire, sputtering targets and other preciousmetal products to the specifications of clients.

GPS Metals Group is headquartered in SanDiego, California, USA. The company hassales offices and manufacturing operations atCali in Colombia. The city of Cali is 100kmsouth of Noble Metals existing operations atNovita (Map next slide). The Cali facility is asophisticated precious metals refinery locatedin ZONA FRANCA DEL PACIFICO, a worldclass free trade zone on the outskirts of Calinear the international airport.

GPS has full accreditation for the buying, smelting,refining, selling and exporting of precious metalsincluding:

• A precious metals Buyers Permit for Colombia

• US Anti Money Laundering compliant (AML) • ISO Accreditation• Export Permit

The acquisition of GPS has also brought areputable and experienced US and Colombianmanagement team to Noble Metals, including alocal skilled workforce in Colombia.

The combination of GPS and the existing NobleMetals operations at Novita, where primaryprecious metal production and precious metalbuying activities can take place, creates a powerfulintegrated group that will be able to take fulladvantage of all stages of value creation from mineto consumer.

GPS AQUISITION

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GPS METALS LAB CALI SMELTING, REFINING AND MANUFACTURING STRATEGYIn March 16 GPS commissioned the smelting function of the Caliprecious metals smelting, refining and manufacturing facility,including initial smelting/gold pours for third party customers.Subsequently smelting volumes have increased each quarter.

• NMM smelted 483kg for the September quarter 2016.

The GPS Metals Lab at Cali has the capacity to smelter over one (1)tonne of gold per month.

Chairman, Bill Hayden holding first gold bar produced from Cali facility.

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0

Au:79.8kg

Au:414kg

Au:483kg

0

100

200

300

400

500

600

DECEMBER 15 MARCH 16 JUNE 16 SEPTEMBER 16

GO

LD S

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(Kg/

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NMM, Quarterly Gold Smelting (kg) December 2015 to September 2016

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COLOMBIAN OPERTIONS

Novita

Cali

Choco Department

Novita, Exploration plus Mining and Mineral Processing Facility.

Cali, GPS Metals Lab, Smelting, Refining and

Manufacturing, Precious Metal Buying and

International Export.

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Choco DepartmentYearly Production:

• Platinum 882 kg • Gold 20,330 kg43% from four tribal areas:

Condoto, Novita, Sipi, & TadoSource: Sistema de Informacion Minero Colombiano (2011)

(Total 2015 Colombian Gold Production = 59,200kg, source ANM)

Novita

Cali

PRECIOUS METAL PRODUCTION FROM THE CHOCO DEPARTMENT

Alluvial grains of gold (A) and platinum (B) from the area of Alto Condoto

A

B

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CALI - SMELTING

Since first gold pour in March 2016 to endof September 2016, over 975kg of gold wassmelted for third parties at GPS Metals LabCali facility.Smelting Cali

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CALI - REFININGPrecious Metal Refining began in second Quarter of 2016 and is expected to grow as it supports GPS Metals Lab manufacturing activities as well as third party refining agreements.

Refining precious metals has a greater margin than smelting.

Refining Equipment Cali,

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CALI - PRECIOUS METAL MANUFACTURINGPrecious Metal Manufacturing Equipment Cali. The Cali facility is capable of producing: platinum, gold, palladium and silver crucibles, foils, pellets, wire, sputtering targets and other precious metal products to the specifications of clients.

During the September quarter 2016, GPS refined gold to 99.99% purity, to enable production of 23 micron diameter bonded gold wire for quality testing by potential electronic chip manufactures

Manufacturing Equipment Cali,

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CALI SMELTING AND REFINING OPERTIONS Quality Control and Testing

Atomic Absorption Spectrograph Equipment for purity testing in line with ISO Accreditation. The GPS Metals Lab Cali Smelter and Refinery is one of the only facilities of its kind in Colombia with full export licencing.

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CALI SMELTING AND REFINING OPERTIONS Marketing

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GPS Metals Lab booth at International FICEM (International Federation of Cement) Technical Congress 2016 in Cartagena, September 2016.

Manufactured platinum crucible, used for testing concrete, made at the GPS Metals Lab Cali facility.

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• Exclusive agreement to Explore the Novita Higher Community Council Lands covering 105,975 Ha, signed 25th January 2012

• Net revenue royalty payable of 17.5%

• Positions Noble Metals well to strike deals with the other indigenous communities in the surrounding area

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NOVITA - EXPLORATION, MINING AND PROCESSING

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• Noble Metals Novita Camp and Processing Facility is owned outright and is unique in the Choco Dept. of Colombia and provides a perfect base for regional operations

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NOVITA - PRECIOUS METAL PROCESSINGHeavy Density Media Separation allows concentration and separation of Precious Metals from concentrates produced at local mines and workings.

The Mineral Processing Plant consists of a large magnetic separator, a small knelson concentrator and 2 gemini tables. The plant has been cleverly designed to recycle water and operates using a large diesel generator.

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NOVITA - ALLUVIAL TESTING AND HARD ROCK ASSESMENTRevisit of Gaviota Mine, a hard rock gold site, in November 2016

Alluvial sample sites being located using GPS.

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NOVITA - MOBILE CONCENTRATOR – TESTING ALUVIAL SITESNew Mobile Concentrator Plant readied for testing alluvial sites in the Novita district.

The plant is capable of processing 1cubic meter of material per hour and will provide statistically reliable information on alluvial grades when assessing opportunities in the area.

Mobile Concentrator Novita

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NOVITA - MINING AND PROCESSING STRATEGY

• Enter into Partnership or Joint Ventures with Local Miners

• Use expertise and modern equipment to leverage deals (Pumps, Trommel, Knelson and Gemini)

• Establish Alluvial Mining Operations

• Process 3rd party concentrates and wholly owned concentrates for later refining in Cali

• Buy locally produced precious metals

• Explore exclusive 105,975 Ha. Novita community ground for hard rock sources of Precious Metals, so prevalent in the area

Knelson (left)and Geminifor final oreprocessing

Mining operations and

trommel atMartinez Mine

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Novita

Cali

Choco Department

LA COLOSA 12.9 Moz Au

MARMATO 9.7 Moz Au

Large hard rock gold deposits in vicinity of Novita

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COLOMBIAN GOLD PRODUCTION

• 59.2t Gold (2015)

• = 1,903,320 troy oz.

• Increase of 3.8% from 2014

Gold Price – Nov 16

• US ~$1325/oz.

• AUD ~$1702/oz.

(Production Source ANM)

(Gold Price Source Kitco Nov 16)

GRAMALOTE 2.39 Moz Au

TITIRIBI 8.7 Moz Au

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100km

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PLATINUM IN COLOMBIA• 59,029oz Platinum produced 2013 (USGS)

~1.84tons• Strong global demand, increasing vehicle

output in Asia• Supply side issues in South Africa,

Zimbabwe & Russia• Historically high prices• 5 year low US $774/oz to high US

$1024/oz. (Nov 16)

“….the occurrence of Pt placers in southern Colombia (Barbacoas) and in northern Ecuador (Esmeraldas) points to a total length of more than 1000 km for this belt of zoned ultramafic intrusions…”

German mission Choco 1990s:• Hard rock platinum sources identified• Drill-ready targets abandoned due to

political instability

“The Pt:Au ratio in the Condoto and Iro Rivers at 3:1 is the highest in the Choco district”

“World’s only source of platinum until 1820No modern exploration or modern production”

17.3 ounce platinum nugget from Choco - Smithsonian Institute

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Dredging platinum in the Condoto River, 1928

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A World Class PlatiNMMand Gold ProjectChoco Department, Colombia

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Established Operations Base in Gold and Platinum Rich Choco Department of Colombia Large land position (105,975 ha) Platinum and gold production & processing Modern mine development & exploration

Precious Metals Smelter and Refinery, Cali Currently smelting ~50kg per week and expanding Refining underway, contracts being negotiated Licenced to export precious metals internationally

Tight Corporate Structure 133.72 million shares on issue Market Cap $17.4 million (SP: 13 cents 9th Nov 16)

Experienced and Respected Management Proven track record in Colombia Proven track record in Gold and Platinum Proven track record in Capital Markets

Condoto River looking east from Santa Rita to Alto Iro and Chigorodo

Alluviones de Colombia alluvial operation near township of Condoto

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CONTACTS:Noble Metals LimitedRegistered Office:Suite 12, Level 1, 11 Ventnor AvenueWest Perth, WA, AUSTRALIA, 6005

Mail: PO Box 52, West Perth, WA, 6872Fax: +61 8 6141 3599

Email: info@noblemetals.com.au

ASX:NMMwww.noblemetals.com.au

GPS Metals LabNorth American Office12396 World Trade Drive, Suite 314San Diego, CA 92128, USA

T : +1 877 477 4345Fax: +1 858 433 6128

Email: info@gpsmetalslab.comEmail: sales@gpsmetalslab.com

www.gpsmetalslab.com

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Corporate Contact:Jay StephensonCompany SecretaryT : +61 8 6468 0388 jay.stephenson@wolfstargroup.com.au

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mailto:info@noblemetals.com.au

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