Merah ResourcesExploring and developing Ghanaian gold projects

July 2013

Strategy

Merah Resources is positioned to become the emerging Ghanaian gold explorer and developer of choice, leveraging off a high quality Board and management team and

its access to in-country expertise.

Investment highlightsMerah Resources is building a portfolio of high quality Ghanaian gold assets, taking advantage of a period of reduced competition to acquire projects on favourable terms.

• Country– Geology – proven to host world class gold deposits with three of the largest global gold producers operating in the country– Infrastructure – mature well developed exploration and mining services industry

• Projects– Existing portfolio of high quality gold projects at various stages of development .– Located on proven geological structures (Ashanti and Sefwi belts) – Close proximity to existing large scale gold producers

• Management– Experienced Board with extensive resource industry experience– Access to in country exploration and project management specialists thereby keeping costs down– Strong relationships with a range of industry participants

• Long term fundamentals – Increasing physical demand in developing countries– Significant curtailment of exploration and discovery in high cost regimes– Continued economic uncertainty in developed nations.

• Investment Model– Equity participation in management company (Merah Resources) coupled with direct equity investment in projects.

About the company• History

– Merah listed on the ASX on the 1st May 2012. – A number of resources projects identified and evaluated both in Australia and overseas over the past

twelve months, with recent focus on African opportunities.– Entered into agreements to acquire the Antubia and Kong gold projects in Ghana in April 2013.– Negotiating exclusivity agreement to complete due diligence on Salman South and Mame gold

projects.

• Objectives– The company plans to actively acquire, explore and develop high quality gold projects in Ghana.– Additional projects may be acquired by way of direct project acquisition, joint venture / farm-in or

equity investment.– Focus on acquiring and developing projects with near term production potential.

About the company

• Board of Directors– Richard Homsany – Non Executive Chairman: Richard is

a lawyer with significant resource industry experience including working for North Limited and board experience with publicly listed resource companies including Mega Uranium.

– Ian Prentice – Non Executive Director: Ian is a geologist with over 25 years of resource industry experience across a broad range of commodities, with a focus on gold exploration and development.

– Suzie Foremen – Non Executive Director & Company Secretary

• Executive Management– David Deloub – Managing Director: David has over 22

years experience in the finance and corporate sectors and has held senior management positions at Alcoa Inc, Alinta Gas, Patersons Securites and Neptune Marine.

• Technical support– Zephyr Consulting (Australian based consultant geologists)– Terrex Limited (Ghanaian geological and project management

support)

Share Capital

Share Price (1st July 2013) $0.17

Shares outstanding 26,495,001Market Capitalisation $4,504,150

Trading Range $0.17 - $0.28

Cash Reserves

Cash at bank (30th June 2013) 1,300,000

Options and performance rights

Options 7,000,000

Performance Rights 3,000,000

Ownership

Top 20 shareholders 68.5%

Directors 8.96%

Ghana Overview

Ghana is well endowed with gold resources, containing multiple world class gold ‐deposits, ranging in size from 2.0- 40.0 Moz

It is the second largest African gold producer after South Africa, however it remains an under explored exploration jurisdiction. ‐

Ghana has a stable government and a mature, well developed exploration and mining services industry

Project Overview

Antubia gold projectAntubia is located adjacent to the faulted western margin of the Sefwi Belt, ~90km southwest of Newmont’s 17.7Moz Ahafo gold mine.

Salman South and Mame gold projectsSalman South and Mame are located within the highly endowed “Salman Shear” gold trend in the southern extension of the Ashanti Belt, immediately south west of Endeavour’s Nzema Gold Mine (2.1Moz).

Kong gold projectKong is located in the north west of Ghana and covers +50km strike of the highly prospective north east trending Bole Bolgatanga Belt.

Antubia Gold ProjectAntubia consists of two licences with a combined area of 295 km2.

Three significant but underexplored gold geochemical anomalies have been defined, including the +3.5km long high tenor Boizan anomaly.

Shallow RC drilling at Boizan has demonstrated the presence of near surface gold mineralisation, intersecting up to 18m at 2.74g/t.

Heliborne EM survey underway at Boizan to assist in defining structural “jogs” within the large high tenor anomaly for future drill testing.

High tenor Edukrom anomaly associated with extensive historical gold workings yet to be drill tested.

Kong Gold ProjectKong consists of 8 prospecting licences covering over 1,200 km2 within the highly prospective and under-explored NW region of Ghana.

The project covers +50 km strike of structural contact zones between Birimian volcanics, sediments and later stage granitoids within the Bole Bolgatanga Belt.

Limited wide spaced soil sampling has identified anomalous trends at a +10 ppb gold in soil contour in the south east of the project area.

Salman South / Mame ProjectsTwo concessions located along strike to the south of gold deposits that form part of Endeavour’s 2.1 Moz Nzema gold mine in the southern extension of the Ashanti Belt.

Four +50ppb gold in soil anomalies measuring +1km in length identified at Salman South, one of which (A1) appears to be the southern extension of Endeavour’s Salman South deposit.

Previous drilling at A1 located to the west of interpreted mineralised trend based on the new geochemical and geological data.

Six coherent +50ppb gold in soil anomalies identified at Mame on an apparent extension of the trend that hosts Endeavour’s Avrebo gold prospect.

Drill ready soil anomalies with scope to define shallow gold mineralisation adjacent to Endeavour’s Nzema gold mine.



SummaryPositioned in world class gold jurisdiction• Ghana is the second largest African gold producer after South Africa, with a range of world class to giant gold

deposits• Recent downturn in exploration provides an opportunity to acquire and explore high quality gold projects. • Current projects well located, with scope for near term production.

Proximal to Infrastructure• Established mining jurisdiction with excellent infrastructure including; roads, power and processing facilities. • Ghana has a mature, well developed exploration and mining services industry, with local assay labs, drilling

companies and ready access to highly qualified technical personnel.

Experienced management team• Experienced high quality Board and executive management with established strong relationships with local

exploration and project management specialists

Attractive long term fundamentals for gold• Increasing physical demand in developing countries. • Significant curtailment of exploration and discovery in high cost regimes. • Continued economic uncertainty in developed nations.

Corporate Directory

Directors Richard HomsanyNon-Executive Chairman

David DeloubManaging Director

Ian PrenticeNon-Executive Director

Suzie ForemanNon-Executive Director

Solicitors

Cardinals Lawyers and ConsultantsSuite 3, Ground Floor57 Havelock StreetWEST PERTH WA 6005Telephone: +61 8 9213 3000Facsimile: +61 8 9481 7479

Company SecretarySuzie Foreman

Auditors

HLB Mann Judd (WA Partnership)Level 4130 Stirling StreetPERTH WA 6000Telephone: +61 8 9227 7500Facsimile: +61 8 9227 7533

Registered Office Level 279 Hay Street SUBIACO WA 6008Telephone: +61 8 9200 4436Facsimile: +61 8 9200 4437 Contact Details Telephone: +61 8 9200 4436Facsimile: +61 8 9200 4437Email: admin@merahresources.com.auWebsite: www.merahresources.com.au

Disclaimer

This document has been prepared as a summary only, and does not contain all information about the Jameson Resources Limited’s (the “Company”)assets and liabilities, financial position and performance, profits and losses, prospects and the rights and liabilities attaching to the Company’s securities.This document should be read in conjunction with any public announcements and reports (including financial reports , third party studies and disclosuredocuments) released by the Company. The securities issued by the Company are considered speculative and there is no guarantee that they will make areturn on the capital invested, that dividends will be paid on the Shares or that there will be an increase in the value of the Shares in the future.Further details on risk factors associated with the Company’s operations and its securities are contained in the Company’s prospectuses and other relevantannouncements to the Australian Stock Exchange.Some of the statements contained in this release are forward looking statements. Forward looking statements include but are not limited to, statements‐concerning estimates of coal tonnages, expected costs, statements relating to the continued advancement of the Company’s projects and otherstatements which are not historical facts. When used in this document, and on other published information of the Company, the words such as “aim”,“could”, “estimate”, “expect”, “intend”, “may”, “potential”, “should” and similar expressions are forward looking statements.‐Although the company believes that its expectations reflected in the forward looking statements are reasonable, such statements involve risk and‐uncertainties and no assurance can be given that actual results will be consistent with these forward looking statements. Various factors could cause‐actual results to differ from these forward looking statements include the potential that the Company’s projects may experience technical, geological,‐metallurgical and mechanical problems, changes in product prices and other risks not anticipated by the Company or disclosed in the Company’spublished material.The Company does not purport to give financial or investment advice. No account has been taken of the objectives, financial situation or needs of anyrecipient of this document. Recipients of this document should carefully consider whether the securities issued by the Company are an appropriateInvestment for them in light of their personal circumstances, including their financial and taxation position.

The information to which this statement is attached that relates to exploration results is based on information compiled by Mr Ian Prentice, who isa member of the Australian Institute of Geoscientists. Mr Prentice is a full time employee of Zephyr Consulting Group Pty Ltd 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 CompetentPerson as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Prenticeconsents to the inclusion in this presentation of the matters based on his information in the form and context in which it appears.