The SelengeIron Ore Project

Robert WrixonManaging Director

Mines and Money, Hong Kong

March 2012

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COMPETENT PERSON’S STATEMENTS AND DISCLAIMERS

Competent Person’s Statements

The information in this presentation that relates to Exploration Results and Exploration Targets is based on information compiled and

reviewed by Mr Kerry Griffin, who is a Member of the Australian Institute of Geoscientists. Mr Griffin 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 Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources

and Ore Reserves’. Mr Griffin is the Technical Director of Haranga Resources Limited and consents to the inclusion in this report of the matters based on his information, and information presented to him, in the form and context in which it appears.

The technical information contained in this announcement in relation to the JORC Compliant Resource for the Bayantsogt Deposit has been reviewed by Mr Peter Ball of DataGeo Ltd, who is a member of the Australasian Institute of Mining and Metallurgy. Mr Ball has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is

undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Mineral Resources and Ore Reserves’. Mr Ball consents to the inclusion in this report of the matters based on his information, and information

presented to him, in the form and context in which it appears.

Exploration Targets

Exploration Targets are conceptual in nature and should not be construed as indicating the existence of a JORC Code compliant

mineral resource. There is insufficient information to establish whether further exploration will result in the determination of a mineral resource within the meaning of the JORC Code.

Forward Looking Statements

This presentation includes certain ‘forward looking statements’. All statements, other than statements of historical fact, are forward

looking statements that involve various risks and uncertainties. There can be no assurances that such statements will prove accurate, and actual results and future events could differ materially from those anticipated in such statements.

Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The company does not assume the obligation to update any forward-looking statement.

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OVERVIEW

Haranga Resources listed on ASX in Dec 2010→ Four iron ore exploration/development projects in Mongolia

Flagship Selenge Iron Ore Project – Four Primary Targets→ Initial JORC Resource

→ Large Additional Exploration Target

→ Close to existing rail and road infrastructure

→ Next to Mongolia’s largest iron ore export mine

→ Ability to access the massive market in northern China

→ 32,000m second pass drill program commencing May 2012

Large, Supportive Major Investor→ Lippo Group increased holding from 7.4% to 13.9% via $6m placement in March 2012

→ Entire holding subject to a 12 month lock up period

Mongolian iron ore exports growing rapidly due to healthy margins and the market outlook remains strong

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COMPANY SNAPSHOT (19 March 2012)

Key statistics (A$)Share price / volume history (A$; millions)

Substantial shareholders

NameNo. Shares

Held

% of Shares

on Issue

Golden Rain Holdings Limited 29.47m 13.92%

Geotrass LLC 10.00m 4.72%

$0.00

$0.10

$0.20

$0.30

$0.40

$0.50

$0.60

Mar-11 May-11 Jul-11 Sep-11 Nov-11 Jan-12

Sha

re P

rice

(A$)

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

Vol

ume

(m)

Directors’ interests

Ordinary shares on issue 19-Mar-12 211.75m

Unlisted options1 19-Mar-12 28.50m

Share price 19-Mar-12 $0.485

Market capitalisation 19-Mar-12 $102.70m

Fully diluted market capitalisation 19-Mar-12 $116.52m

Cash 31-Dec-11 $18.50m

Undiluted enterprise value $84.20m

Diluted enterprise value2 $92.32m

Directors collectively hold 11.5% of the securities on issue

52 week low 52 week high 30 day VWAP

Date 9-Aug-11 16-Mar-12

Share price $0.16 $0.54 $0.42

1. In the money options only. 36.0m options on issue in total2. Adjusted for cash received from exercise of optionsSource: Bloomberg as at 19 March 2012

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BOARD

19 years experience in the resources sector with both major and junior resource companies

Currently a Director of Voyager Resources, Avanco Resources, Lindian Resources and Copper Range

Matthew Wood

Chairman

Robert Wrixon

Managing Director

16 years commercial experience in engineering, consulting, mineral asset acquisition and corporate strategy (at Xstrata plc) and exploration management

Ph.D in Mineral Engineering from the University of California, Berkeley and honours degree in Chemical Engineering from Princeton University (USA)

Previously Managing Director of Uranio Limited / Manhattan Corporation Limited

Timothy Flavel

Non Exec Director and

Company Sec

Chartered Accountant with 20+ years experience in mining and accounting

Currently a Director of Voyager Resources and Copper Range and Company Secretary of Voyager Resources and Copper Range

Batochir Sukhbaatar

Non Exec Director

Successful Mongolian businessman and Joint Venture partner in the Selenge Project

Brother of the current Mongolian Prime Minister Batbold Sukhbaatar

Kerry Griffin

Techincal Director

Geologist with 18 years experience in exploration, resource development, mining geology and asset acquisition in Australia, Africa and Mongolia

Previous senior roles in Mongolia with Ivanhoe Mines and Aspire Mining

Erdene Tsengelbayar

Exec Director & COO

Investment Banking and resource valuation expertise, qualified mineral economist

Over 25 years operational and management expertise natural resources in Mongolia

6Source: CRU Strategies

Iron ore consumption/production forecast in China’s northern provinces(Million Tonnes at average ROM Northern Chinese equivalent grade: 20% Fe)

In 2010 China mined 800Mt of iron ore at an average grade of 19% Fe

7Source: CRU Strategies

STEEL MILLS IN NORTHERN CHINA

Inland steel mills of northern China are fed by domestic low grade magnetite mines

Mongolian magnetite concentrate is the perfect replacement for declining domestic supply

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MONGOLIAN IRON ORE EXPORT GROWTH

Source: National Statistics Office of Mongolia

Quarterly Mongolian Iron Ore Exports to China

From practically zero in 2008, Mongolian iron ore exports are now at an annualised rate of 6.5Mtpa

9Source: CRU Strategies

LOCATION MEANS INHERENT COST ADVANTAGE

This is a sustainable long term advantage

Mongolian iron ore exports will continue to boom

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THE SELENGE PROJECT LOCATION (Haranga: 80%)

Largest ground holding in Mongolia’s premier iron ore belt 200km north of UB

Nearby to Eruu Gol mine (300Mt) and the Tumurtei (230Mt), Tumur Tolgoi (25Mt) iron ore deposits*

Eruu Gol iron ore mine:– Currently exporting 3 Mtpa

– Expansion to 6 Mtpa end 2012

– Ultimately 10 Mtpa

– CIC invested $700m to obtain ~1/3 of Eruu Gol in 2009**

– US$3Bn IPO on HKEx is proposed

Large project area, premium location

Relatively industrial region, well served by neaby rail infrastructure

Sources: * Mineral Resources Authority of Mongolia Register of Mineral Deposits; Golomt Bank “Mongolia Economic Review – Dec 2010”** Wall Street Journal – 29 Oct 2009

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ANALOG TO ERUU GOL – A BANDED MAGNETITE SKARN

Eruu Gol resource approx 300Mt

Located within a ‘magnetite hill’ hence low strip ratio, very low mining cost

Banded magnetite skarn deposit hence straightforward, low cost beneficiation

Upgrading process is low capex (crushing, screening, dry magnetic separation)

Produces a 60% Fe magnetite concentrate

Low Cost – High Margin

Eruu Gol iron ore mine production:– Currently exporting 3 Mtpa of concentrate

– Expansion to 6 Mtpa end 2012

– Ultimately 10 Mtpa

ERUU GOL VALUATION:

US$2.0 Bn based on 2009 CIC purchase

US$3.0 Bn Hong Kong IPO under discussion

New rail spur to the Eruu Gol Mine

Overburden Removal at Eruu Gol

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FOUR PRIMARY TARGETS AT SELENGE PROJECT

2011 Drilling conducted at Bayantsogt, Dund Bulag and Huiten Gol

All targets within 10km – potential for central beneficiation plant

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PLAN MAP AT BAYANTSOGT (OVER MAGNETICS)

31 of 35 holes hit iron mineralisation

Banded magnetite skarn within a large ‘magnetite hill’

Selected intersections:

• 103m at 44% Fe from 225m (BTDH 20) – includes 28m at 58% Fe

• 97m at 44% Fe from 223m (BTDH 32) – includes 29m at 54% Fe

• 71m at 37% Fe from 266m (BTDH 15) – includes 12m at 50% Fe

• 20m at 47% Fe from 35m (BTDH 18)

• 12m at 42% Fe from 113m (BTDH 17)

• 10m at 42% Fe from 113m (BTDH 8)

Consistent iron lodes from surface, increasing in size and grade at depth

Mineralisation open in all directions and at depth

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INITIAL RESOURCE AND CROSS SECTION AT BAYANTSOGT

Cutoff Grade(% Fe)

Tonnes(million)

Average Grade(% Fe)

15% Cutoff 32.8 24.4% Fe

25% Cutoff 11.4 32.4% Fe

30% Cutoff 5.3 38.5% Fe

Drilling this year to expand the resource

High grade zone yet to be properly drill tested

JORC Code (2004) Inferred Resource Table

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BANDED MAGNETITE SKARN AT BAYANTSOGT

Silica exists primarily in separate bands

Liberated by simple crushing and screening, often no need for grinding

Potential for low cost, low capex beneficiation

Bulk samples for metallurgical test work submitted

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PLAN MAP AT DUND BULAG (OVER MAGNETICS)

Dund Bulag is the second of the four primary targets to be drill tested, assays pending

The Dund Bulag magnetic anomaly is the largest, again coincident with a large ‘magnetite skarn hill’

Drilling will continue in the next field season

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INTERPRETED CROSS SECTION AT DUND BULAG

At least six large iron lodes

Exploration Target: 120 – 250Mt of ore

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SUMMARY AND PLAN

China mines 800Mt per year of iron ore, 19% Fe average→ Primarily magnetite mines - output forecast to decline in grade and tonnes

→ Massive demand, high prices for Mongolian magnetite concentrate

Bayantsogt (BT) and Dund Bulag (DB) are advancing

→ Initial inferred resource at BT: 33Mt at 24.4% Fe

→ Exploration target of 120 – 250Mt at DB

→ Banded magnetite skarn, potential for low cost beneficiation

→ Located next to rail infrastructure and the US$3Bn Eruu Gol mine

12 Month Plan for Selenge Project

→ Remaining 2011 drill results due March/April 2012 (DB and Huiten Gol)

→ 32,000m of drilling planned this year, commencing May 2012

→ Thorough met test work program initiated; prelim Scoping Study by mid 2012

→ $17.5m in the bank