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PROJECT OVERVIEW

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Mithril Resources Project Overview

Mithril Resources' objective is the creation of shareholder wealth through the discovery and development of mineral deposits.

The Company is actively exploring throughout two highly prospective areas of Western Australia, namely the Meekatharra District for copper and nickel deposits (Nanadie Well Project), and the Kambalda District for gold deposits (Spargos Reward Project).

The Company also has a small project holding throughout the Pilbara region of Western Australia (Pilbara Project Area).

Our exploration strategy is threefold:

• Early identification and quick acquisition of prospective areas offering significant exploration upside ("First Mover Advantage").

• Advance projects as quickly as possible through the systematic application of modern geological, geochemical and geophysical techniques.

• Divest lower priority value - bearing projects to ensure that the Company's funds remain focused on priority opportunities.


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