Listed minerals investor Aorere Resources promotes purchase of American Innovative Minerals (AIM)

to advance development of its

Fondaway Gold Project

� 100% ownership of advanced gold project Fondaway Canyon

� Scoping study estimates net value of $US 37.2M, and an NPV (8%)of $US 18.8M.

� Shows potential estimates exceeding 1M oz gold, NPV (8%) > $US 100M

� Possible gold production within three years

� Nevada ismining friendly, geologically permissive

� 163M oz historical gold production

� No identified environmental issues

� Opportunity for ground-floor entry into gold development

� The AIM purchase includes a portfolio of ten additional exciting projects, providing a pipeline for developing additional resources

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Chris Castle

Financier

Investor Relations

Simon Henderson

Chief Geologist Technical Specialist

Campbell McKenzie

Property

Environment Manager

Joe Frasier Project Engineer

Mike Norred

Mining

Resources Engineer

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� Nevada centric gold/silver portfolio

� Flagship Fondaway Canyon high grade gold deposit

� Near term development and production potential

� Additional exploration properties, wholly owned fee land and 98 patented claims

� Data from 500-plus projects

� Unique opportunity for ground-floor entry into development in premier gold mining district

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Phase 1

Project holds Gold Resources conservatively valued at $US 18M

� Aorere Raising capital (~$NZ 0.36M) to secure listing on TSX:V…

� Will hold cornerstone shareholding

� TSX:V concurrent financing facilitates purchase and working capital

Outcome

� Facilitate AIM purchase

� Hold 100% Fondaway Gold project

Investment to be held in publically listed TSXV: NEWCO

� NEWCO holds 100% of American Innovative Minerals LLC (AIM) US company registered in Nevada, an operational requirement in USA

Phase 1

•Acquisition

•Completion July 2016

Phase 2

•Resource Drilling

•Completion June 2017

Phase 3

•Mine Planning, Permitting

•Completion January 2018

Phase 4

•Construction

•Completion October 2018 5

Phase 2

� Resource Drilling (from working capital)

Outcome

� Facilitate resource development, metallurgical studies

� Base environmental studies

� Increase indicated gold resources, additional inferred resources

� Potential to revalue to circa $US 38-112M

Phase 1

•Acquisition

•Completion July 2016

Phase 2

•Resource Drilling

•Completion June 2017

Phase 3

•Mine Planning, Permitting

•Completion January 2018

Phase 4

•Construction

•Completion October 2018

Photo SMH Tanami drilling operations 1998

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Phase 3

� Mine Development Decision

Outcome

� Mine planning complete

� Environmental assessment complete

� Feasibility studies update estimates

of measured, indicated and inferred resources

Decision to mine ….

potential first production December 2018

Phase 1

•Acquisition

•Completion July 2016

Phase 2

•Resource Drilling

•Completion June 2017

Phase 3

•Mine Planning, Permitting

•Completion January 2018

Phase 4

•Construction

•Completion October 2018

Photo SMH Tanami mining operations 1997

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Exit Strategies (prior phase 4)

� Sale to Major Gold Company

� Develop with Debt Equity ~$US 40M

� Gold Pour by December 2018

Phase 1

•Acquisition

•Completion July 2016

Phase 2

•Resource Drilling, Mine Planning

•Completion June 2017

Phase 3

•Complete Environmental assessments DTM

•Completion January 2018

Phase 4

•Construction

•Completion October 2018 8

� Alan Branham - President & CEO of AIM passed away in 2015, making company portfolio available for sale

� Alan partnered with prolific Nevada prospector, the late Don Decker to build this property portfolio

� Alan had 30 years exploration experience including 20 years with Newmont resulting in several gold discoveries of more than 10M oz gold

� He was President and CEO of Midway Gold during the discoveries of new gold deposits at Spring Valley “4.1M oz gold” and Pan “644,600 oz gold”

South Pit 9

Spring Valley deposit sold 2015 for $US 143M

Nevada 153t

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AORERE undertook independent scoping studies that estimate:High grade Indicated gold resources� 562,665 tonnes @ 9.2 g/t gold 166,726

oz goldwith additional oxide open pit

� 246,878 tonnes @ 3.1 g/t gold 24,760 oz gold

Scoping study estimates net value $US 37.2M, and NPV (8%) $US 18MSS estimates based on $1,200/oz Au; 620,000 tons grading 9.2 g/t Au, mining loss 5%, dilution 10%, recovery 90%.

Details on Scoping Studies are derived from Fondaway Canyon Project Scoping Report, Churchill County, Nevada, USA; prepared for Aorere Resources, Limited, Wellington, New Zealand April 19, 2016 by: Michael Norred, President of Techbase International, Ltd. P.O. Pox 18820; Reno, NV 89511

This Scoping Study is preliminary in nature, it includes indicated mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized;

Leapfrog 3D perspective Fondaway ~ 607900 E looking east11

High grade Inferred gold resources

(not included in base case estimates)

� 537,045 tonnes @ 8.8 g/t gold = 152,362 oz gold

with additional oxide open pit

� 244,710 tons @ 2.3 g/t gold = 18,070 oz gold

Scoping study estimates a net value of $US 101M, and NPV (8%) $US 54M if these additional resources were includedSS estimates based on $1,200/oz Au; indicated resources of 620,000 tons grading 9.2 g/t Au and inferred resources of 591,824 tons grading 8.8 g/t Au, mining loss 5%, dilution 10%, recovery 90%.

This Scoping Study is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized;

Leapfrog 3D perspective Fondaway ~ 607900E looking east12

1M OZ GOLD

0.00

200000.00

400000.00

600000.00

800000.00

1000000.00

1200000.00

Contained GOLD

Contained oz

This Scoping Study is preliminary in nature, it includes indicated and inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized

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0.00

20.00

40.00

60.00

80.00

100.00

120.00

NPV (8%) $millions

NPV (8%) $millions

$US 114M

This Scoping Study is preliminary in nature, it includes indicated and inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized

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0

10

20

30

40

50

60

GoldQuarry1980Pit

Goldstrike1987

Pit+U.G.

TwinCreeks1987Pit

Pipeline1988Pit

Getchell1988U.G.

Leeville2006U.G.

Cortez Hills2009

Pit+U.G.

Goldrush(NEW)U.G.

(Resource)

Initial Reserve

Mined

Reserves

Mined + Reserve

Endowment*

24x

25x

18x

9x

2x3x

2x 4x

From Ressell, NBM 201615

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Favourable host rocks, good plumbing system,abundant gold system

� 600 drill-holes have delineated Indicated and Inferred resources estimated to contain over 361,000 oz gold averaging 7.1 g/t gold

� 300 intercepts with gold grades 5.1 – 41.1 g/t gold� Favourable shale and limestone hosts cut by Eocene dikes and

numerous structures� Resource calculated to 130m depth, 2002 drilling showed continuity

of mineralisation to 430m depth, The resource has not been remodelled to include this extension in depth.

� 50 holes could expand existing resource to 1M oz� Quartz-sulphide gold resource - tests show amenable to flotation� Multiple exploration targets including near-surface oxide gold� Also hosts high grade tungsten – potential additional earnings

Based on Historical Estimates from NI 43‐101 technical report "Proposals to Upgrade South Pit, Deep Dive, Half Moon, Paperweight, and Hamburger Hill to a Measured Gold Resource, Fondaway Canyon, Churchill County, Nevada (Amended); prepared by Strachan, D. CPG; September 2003;

(i) a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves;(ii) (ii) the issuer is not treating the historical estimate as current mineral resources or mineral reserves

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Environmental Studies, Permitting and Social or Community Impact

� Drilling and bulk sampling programs that create surface disturbance of less than five acres are “Notice level” activities with Bureau of Land and Mining. The two BLM Notices in the files show these permits can be obtained at Fondaway in a reasonable timeframe. AIM received approval for a trenching and bulk sampling program under BLM Notice NVN-92998 in 2014.

� Nevada has an orderly and well-defined permitting process in cooperation with the Federal Government. These range from a Special Use Permit at the County level to an Environmental Assessment (EA) or Environmental Impact Statement (EIS) at the Federal level. There are no known barriers to these permits at Fondaway Canyon.

� Fondaway Canyon Project holds permits to appropriate water from the Nevada Division of Water Resources, Permit No. 52442 & Permit No. 52786. Both have been filed for Extension of Time October 8, 2013.

Stillwater Range Wilderness Study Area

� Stillwater Range Wilderness Study Area* (WSA) surrounds the Fondaway Canyon project on three sides.Recommendations have been made to release the entire WSA for purposes other than wilderness. The keyreasons for this being significant mineral and energy potential over the majority of the WSA, and theWSA does not contain features, such as vegetation, scenery, wildlife, geology and historic featuressignificant enough to balance such a loss of opportunities and warrant its designation as wilderness.

*A wilderness study area (WSA) contains ‘undeveloped US federal land retaining its primeval character andinfluence, without permanent improvements or human habitation, and managed to preserve its naturalconditions’.

� Key issues that can shorten the permitting timeline:� Engage the BLM, Nevada Division of Environmental Protection (NDEP), and County regulators early.� Pay attention to seasonal requirements for baseline studies and to long lead time studies e.g certain plant and

wildlife studies must be done in the spring. If not started on time, a full year will be lost.

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� Favourable shale and limestone hosts cut by Eocene dikes and numerous structures

� 600 drill-holes have delineated Indicated and Inferred resources estimated to contain over 361,000 ozgold averaging 7.1 g/t gold

� 300 intercepts with gold grades of 5.1 –41.1 g/t gold

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Hole ID Interval(m) Grade (g/t)TF-114 21.3 @ 11.7TF-185 16.8 @ 13.1TF-50 42.7 @ 5.1TF-55 29.0 @ 6.2TF-43 22.9 @ 6.5TF-98 21.3 @ 4.6TF-141 10.7 @ 9.1TF-162 9.1 @ 10.5T-22 12.2 @ 7.5TF-250 36.6 @ 2.5T-33 43.3 @ 2.0TF-72 13.7 @ 6.3TF-97 16.8 @ 5.2NBRC-9 29.0 @ 2.9TF-61 19.8 @ 4.2TF-193 15.2 @ 5.3TF-245 24.4 @ 3.2TF-95 13.7 @ 5.6TF-143 12.2 @ 6.1

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� Resource estimated to a nominal 130m depth; 2002 drilling showed continuity of mineralisation to 430m depth

Displayed Drill hole 02FC-4 3m @ 7.7 g/t gold, 5.8m @ 7.1 g/t gold incl 2.7m @ 10.7 g/t gold

� Estimated 50 holes could expand estimated resource to 1 million oz of resource (down-dip and in-resource)

� Quartz-sulphide gold resource - tests show sulphides amenable to flotation

� Multiple exploration targets including near-surface oxide gold along favourable structural and host rocks

Resource model Depth ~ 130m

Potential model Depth ~ 430m

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What are Carlin gold deposits?� Sediment-hosted (calcareous ) disseminated gold deposits

Named after the first large deposit of this type in Nevada. Huge (e.g. Goldstrike 35M oz gold) and hosted in rock-types characteristic of Fondaway

Carlin potential under pediment � A pediment is a very gently sloping inclined bedrock surface

typically slopes down from the base of a steeper retreating escarpment, covered with shallow alluvial gravels.

2 RC drill-holes intercept gold in calcareous (limestone) sediments to west

� 02FC-10 27.4m @ 0.82 g/t gold (including 12.2m @ 1.35 g/t gold)

� 02FC-11 18.3m @ 0.67 g/t gold

Pediment West

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� Resource calculated to a nominal 130m depth, 2002 drilling showed continuity of mineralisation to 430m depth.

� Estimated that 140 holes could expand existing resource to over 1 million ounces of resource reserve (down-dip and in-resource)

� Quartz-sulphide gold resource - met tests show sulphides amenable to flotation

� The project also hosts high grade tungsten – great potential for additional earnings

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� Dixie Comstock� Adjacent Fondaway Canyon, � Epithermal gold, estimates 100,000oz

� Clear Trunk� Battle Mountain trend � Gold in breccias hosted in volcanics� Spring Valley similarities

� Hot Springs� Adjacent Carlin /Battle Mountain trend� Epithermal gold, +1oz gold on surface

� Silver King� Junction Getchell/Battle Mountain trend� Silver Gold, base metals

� Silver Peak� Walker Lane trend� Epithermal gold/silver,

� Bull Run� Jerritt Trend,

30 years exploration success imbued in current portfolio

AIM Exploration Project

Gold Deposits in Nevada

Fondaway Gold Project

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Production Commences

Enviromental Assessment

Mine Permitting

Mine Design

Metallurgy

Resource Development

Exploration

Preparatory

Time (months)

Time (months)

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� 100% ownership of advanced gold project Fondaway Canyon

� Fondaway scoping study estimates net value of $US 37.2M, and NPV (8%)of $US 18.8M

� Estimated potential exceeding 1M oz gold, NPV (8%) > $US 100M

� Possible gold production within three years….

� Aorere CEO Chis Castle has a strong pedigree in financing projects, and financial management for the benefit of shareholders

� Experienced technical team with successful track record

� Opportunity for ground-floor entry into gold development in low sovereign risk, mining friendly, major gold mining district, Nevada USA

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