Presentation Disclaimer Forward Looking Statements This presentation may

Presentation Disclaimer Forward Looking Statements § This presentation may contain certain forward looking statements and projections regarding: § § estimated, resources and reserves; planned production and operating costs profiles; planned capital requirements; and planned strategies and corporate objectives. § Such forward looking statements/projections are estimates for discussion purposes only and should not be relied upon. They are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors many of which are beyond the control of Gryphon Minerals Limited. The forward looking statements/projections are inherently uncertain and may therefore differ materially from results ultimately achieved. § Gryphon Minerals Limited does not make any representations and provides no warranties concerning the accuracy of the projections, and disclaims any obligation to update or revise any forward looking statements/projects based on new information, future events or otherwise except to the extent required by applicable laws.

Company Structure (ASX: GRY) Only 89 Million shares on issue Cashed up - $5 million Tightly held - Top 40* own 70% Major Shareholders include: Newmont Mining Corporation Genesis Fund Macquarie Bank RMB Resources Standard bank Management Phoenix Gold Fund Contango Fund Mariner Fund

Daily average volume 12 months: 350, 000 high/low: $0. 80 / $0. 25

“The Gryphon’s Nest” Burkina Faso - Banfora Gold Project: One of the worlds most prospective gold provinces. Substantial landholding of 1150 km 2. A major gold producing district: 3. 2 Million oz gold Tongon (30 km) 11. 5 Million oz gold Syama (50 km) 6. 5 Million oz gold Morila (75 km) Maiden Resource: 6. 1 Mt @ 2. 1 g/t for 410, 000 oz gold (<100 m depth). “Open” drilling includes: 16 m @ 3. 65 g/t & 16 m@ 2. 11 g/t gold. Aggressive exploration: 30000 m RC/DD, 50000 m RAB, 5000 soils. Minara Resources JV: sulphide nickel exploration in Australia Management team with a proven track record in Africa.

West African Explorer Burkina Faso Ghana PERTH Head Office

West Africa Banfora Project

Banfora Gold Project Historical Targets Nogbele Mineralised Corridor Banfora Gold Project Fourkoura Mineralised Corridor 1150 kms 2 Area Entire Greenstone Belt Within Burkina Faso 600 m @ 0. 25 g/t Au Soil Geochemical Anomaly Nogbele Prospect Maiden Gold Resource 1000 m @ 0. 25 g/t Au Fambefesso 3000 m Soil Geochemical Anomaly Huro West Nogbele Kassangarra Wolloufasso Fourkoura South East Fourkoura Prospect Maiden Gold Resource 2500 m Soil Geochemical Anomaly Major Soil & Structural Anomaly Nadieleme 3 x 1000 m @ 0. 25 g/t Au Soil Geochemical Anomalies

Nogbele Prospect Major Gold Target Banfora Gold Project 1150 kms 2 Area Entire Greenstone Belt Nogbele Prospect Fambefesso Huro West Nogbele Kassangarra Wolloufasso Nadieleme Fourkoura Main Fourkoura South East

Nogbele Prospect Major Gold Target 9. 3 Zone 10. 6 12. 3 5. 5 Shear 20. 1 10. 4 2. 4 12. 2 14. 3 7. 0 12. 3 52. 8 s et re s 28. 02 8. 00 e etr 8. 6 18. 56 lom i K 3. 0 23. 2 m 5. 4 6. 3 Ki lo Major 14. 9 7. 8 11. 2 23. 4

Nogbele Prospect Major Shear Zone 7 m @ 1. 63 g/t Au from 6 m @ 4. 41 g/t Au from 17 m 88 m 5 m @ 1. 95 g/t Au from 1 m @ 3. 83 g/t Au from 9 m 8 m 3 m @ 25. 02 g/t Au from 6 m @ 2. 18 g/t Au from 5 m @ 2. 75 g/t Au from 32 m 1 m 10 m 9 m @ 33. 41 g/t Au from 32 m 3 m @ 4. 12/t Au from 4 m @ 11. 0 g/t Au from 122 m 10 m 4 m @ 3. 85 g/t Au from 2 m @ 4. 97 g/t Au from 60 m Au from 16 m @ 1. 38 g/t 7 m @ 1. 87 g/t Au from 100 m 101 m 22 m 8 m @ 3. 14 g/t Au from 4 m @ 2. 67 g/t Au from 34 m 60 m 6 m @ 1. 88 g/t Au from 4 m @ 3. 42 g/t Au from 18 m 108 m 11 m @ 2. 46 g/t Au from 12 m @ 2. 27 g/t Au from 102 m 48 m 4 m @ 2. 96 g/t Au from 75 m

Zone Nogbele Prospect Major Shear 10 m @ 3. 13 g/t Au from 9 m 2 m @ 5. 39 g/t Au from 26 m 6 m @ 3. 62 g/t Au from 8 m @ 49 m 12 m @ 1. 97 g/t Au 2. 54 g/t from 37 m 7 m @ 14. 05 g/t Au from 44 m 39 m 11 m @ 1. 78 g/t Au from 6 m @3. 51 g/t Au from 52 m 4 m 6 m @ 2. 82 g/t Au from 70 m 13 m @ 4. 89 g/t from 12 m @ 3. 53 g/t Au Au from 3 m @ 2. 72 g/t Au from 19 m 110 m 119 m 16 m @ 5. 60 g/t Au from 0 m 7 m @ 3. 49 g/t Au from 3 m @ 7. 82 g/t Au from 34 m 8 m @ 2. 60 g/t 8 m Au from 10 m 13 m @ 2. 49 g/t Au from. Au 11 m 25 m @ 1. 94 g/t from 2 m 25 m @ 2. 58 g/t Au 3 m @ 10. 91 g/t Au from 8 m 42 m 21 m @ 2. 52 g/t Au from 13 m 14 m @ 2. 07 g/t Au from

Zone Nogbele Prospect – “OPEN” 6 m @ 1. 55 g/t Au 3 m @ 2. 25 g/t Au 4 m @ 3. 25 g/t Au 2 m @ 3. 55 g/t Au 4 m @ 1. 6 g/t Au Shear 16 m @ 3. 65 g/t Au 2 m @ 4. 45 g/t Au 4 m @ 5. 22 g/t Au 1 m @ 15. 22 g/t Au 3 m @ 2. 25 g/t Au 3 m @ 1. 15 g/t Au Major 2 m @ 2. 56 g/t Au 4 m @ 1. 77 g/t Au 16 m @ 2. 11 g/t Au 28 m @ 1. 41 g/t Au 4 m @ 2. 0 g/t Au 5 m @ 2. 98 g/t Au 3 m @ 2. 67 g/t 1 m @Au 4. 28 g/t Au 3 m @ 1. 3 g/t 1 m @ Au 4. 91 g/t Au

Nogbele Nangolo RAB Drilling 1. 4 km 22 m @ 2. 73 g/t Au from 4 m (BOH) 24 m @ 4. 60 g/t Au from 16 m (BOH) 15 m @ 2. 76 g/t Au from 12 m (BOH) Nogbele North Zone Birimian Greenstone Belt Granodiorite Intrusion Soil Geochemistry 50 ppb Au Contour 100 ppb Au Contour 250 ppb Au Contour Nogbele South Zone x 23. 8 Rock Chips g/t

Banfora Gold Project Regional Targets Banfora Gold Project Major ongoing regional soils 1150 kms 2 Area Syama. Drill Deposit Ouahiri Results (11 Moz) ~ 50 kms Include: 4 m @ 12. 09 g/t from 8000 m Soil Geochemical Anomaly To Soil. Au Results Include 600 m. Recent @ Power, 0. 25 g/t Major Shear Zone surface Railway and Soil Geochemical 900 m @Anomaly +0. 25 g/t Au (max 7 m @ 4. 22 g/t from 1 m. No Drilling Major Highway No Drilling 0. 65 g/t) 5000 m Soil Geochemical 7 m @ 3. 89 g/t from 8 m Anomaly ~30 kms 550 m @ +0. 10 g/t Au (max (EOH) Major Shear Zone Fambefesso 1000 m @ 0. 25 g/t Au 1. 09 g/t) No Drilling 4 m @ 4. 96 g/t from 15 m Soil Geochemical 2000 m Anomaly Huro @ +0. 10 g/t Au (max 4 m @ 3. 88 g/t from 8 m 3 x 1000 m @ 0. 25 g/t Au Huro West 0. 22 g/t) 8 m @ 2. 20 g/t from Soil Geochemical Anomaly Soil Geochemical 2000 m Anomaly 1400 m @ +0. 10 g/t Au (max surface Wolloufasso Major Regional Structure 1. 20 g/t) No Drilling Nadieleme 750 m @ +0. 10 g/t Au (max Tongon Deposit (3. 2 Moz) ~ 30 kms Fourkoura South East 6. 1 Mt @ 2. 10 g/t for 410, 000 oz gold <100 meters deep 1. 98 gt)

Gryphon Minerals Timetable Banfora Gold Project: Shallow resource definition <100 m @ Nogbele. High grade depth potential @ Nogbele. Shallow resource definition <100 m @ Nangolo. Regional soil geochemical sampling. Regional RAB drilling. Sulphide nickel JV - Australia: Geophysics, geochem, drilling. Uranium drilling - Australia.

Gryphon Minerals Summary Strong & experienced management team. Well funded with a tight capital structure. Major investors. Cost effective access to gold through the Banfora Gold Project: Substantial landholding in world class gold region. Under-explored with numerous high quality gold targets. Aggressive exploration programmes. Potential to define large scale gold mineralisation. Nickel Joint Venture with Minara Resources. Other high quality gold, nickel, uranium & diamonds in Australia.

Gryphon Minerals Highly leveraged to…. Exploration success - gold & nickel Rising gold price World class share holder recognition