CORPORATE PRESENTATION OCTOBER 2017

Tethyan is a Junior Explorer a with a focus on gold and copper in the Balkan region of the great Tethyan Metallogenic Belt

AIM:TETH TSX-V:TETH

DISCLOSURE

These presentation slides (the “Slides”) do not comprise aprospectus or other form of offering document relating to Tethyan Resources plc

(“the Company”), and do not constitute an offer or invitation to purchase or subscribe for any securities of the Company or any other

company and should not be relied on in connection with adecision to purchase or subscribe for any such securities.

The Slides and the accompanying verbal presentation do not constitute a recommendation regarding any decision to sell or purchase

securities of the Company or any other company. Your attention is drawn to the risk factors set out below.

This presentation may contain forward-looking statements including, but not limited to, comments regarding the timing and content of

upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, and other related

matters. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. The

Company’s current projects in Serbia are at an early stage and all estimates and projections are based on limited, and possibly incomplete

data. More work is required before geological and economic aspects can be confidently modelled. Actual results may differ materially from

those currently anticipated in this present tion. No representation or prediction is intended as to the results of future work, nor can there

be any guarantee that estimates and projections herein will be sustained in future work or that the Project will otherwise prove to be

economic.

The Slides and their contents are directed only at persons who fall within the exemptions from appl cable securities laws and persons to

whom distribution may otherwise lawfully be made. Any investments, inves ment activity or controlled activity to which the Slides relate is

available only to such persons and will be engaged in only with such persons. Peter Mullens Fellow AUSIMM. is a qualified person and has

reviewed the technical information contained herein.

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Agile and experienced Management team• Proven track record• High quality local Serbian

team

Consolidating exploration licenses in the ‘Raska Ore District’, Serbia

• Historic mining district

• Drillingat new targets at Suva

Ruda andGokcanicaprojects

o Potential for major copper-gold

porphyry atSuvaRuda

Project developer model• Developing a portfolio

of projects up thevalue curve

Attention to delivering shareholder value• Management and

shareholders aligned with Directors owning 12% of equity (bought)

Focus on the Balkan region of the Western Tethyan Mineral belt

COMPANY OVERVIEW

Tethyan Resources is a junior

exploration company dual-listed on

the TSX-V and London AIM

markets. Concentrating on building

shareholder value by acquiring a

portfolio of early stage precious and

base metals projects in the Balkans

in Europe, with a focus on proven

mineralisation and compelling drill

targets.

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CORPORATE STRUCTURE & FINANCIALS

Share Price Graph - 12 month period

Major Shareholders %

Southern Arc Minerals 29.91%

Pat DiCapo 5.4%

Frank Brewer 5.3%

Peter Mullens(CEO) 5.1%

Khuanchai Siphakanlaya 4.0%

Alan Fairless 3.0%

Didier Fohlen(ED) 3.0%

Current corporate structure

Ordinary Shares

in issue168,182,052

Shares not in

public hands70,433,336

(41.88%)

Total Directors

Holding11.97%

Warrants in issue 105,560 at 3.48p &2,341,500 at

C$0.036

Options 7,100,000 at 5p &

3,400,000 at2.4p

Current Market

Cap£5 million (at 3p)

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WHERE TETHYANIS EXPLORING

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WESTERN TETHYAN MINERAL BELT

The Tethyan Mineral Belt extends over 10,000km from Asia to the Balkans and is comparable to the Andes and Western US & Canada yet significantly less explored

• Cretaceous and Tertiary age porphyry & epithermal copper, gold & base metalbelts

• Number of significant districts & deposits:

o Chelopech/Elatsite region -Bulgaria

o Bor/Timok region – Serbiao Trepca region – Serbia & Kosovoo Rosia Montana – Romania

• Under explored with modern geophysicsand geochemistry, particularly for gold

Region of Tethyan’s exploration

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SERBIA - A Welcoming Mining Jurisdiction

A rare combination: stable government, pro-mining, low tax,

good geology and open for investment in exploration

• Favourable new Mining Law enacted December 2015 :o Practical new law developed by interaction with

stakeholders including local and international miningcompanies

o 15% corporatetaxo 5%net smelter royaltyo 100% foreignownership and repatriation of profits

• Favourable business jurisdiction asanEU candidatewith political

stability Excellent infrastructure and easy access to markets

• In-country expertise

• Low-cost operating

environment

• Otheractive companies:

o EldoradoGoldo RioTintoo FreeportMcMoRano Nevsuno Dundee PreciousMetals

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THE PROJECTS

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CONSOLIDATING THE RAŠKA OREDISTRICT

Acquired 297km² in Emerging Porphyry- Epithermal Belt

Promising exploration licenses situated in a well-known historic miningdistrict:

Suva Ruda Project:

• Tethyan holds an option to buy 100%to December 2023

o 2 annual payments of Euro 100k to September 2019

o 100% buy-out for Euro 6 million, plus bonus payments to underlying owner relative to mine construction cost

• Potential for major porphyry copper-gold project at Rudnitza

• Tethyan recently drilled at Rudnitza:

o 567m @ 0.28% copper & 0.45 g/t gold (RDD-001) from surface

Includes 30m @ 1.45% copper & 0.4 gold (oxide)

Gokcanica Project:

• Very large altered and mineralised system (7km x 3km), believed to host porphyry potential

Kosovo Projects:

• Recently acquired grassroots exploration licenses containing lead and zinc occurrences in historic geology mapping

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SUVA RUDA - DRILLING RESULTS

Table below is to display the Rudnitza copper-gold porphyry

drilling results in ‘gold terms’:

Notes on calculations:

10m min comp length.10m internal waste max,0.3 trigger value AuEq

Au $ 1200per ounce Goldequiv Cu % * 1.57Cu $ 2.75 lb

Hole ID From Length (m) Cu (%) Gold (g/t) Gold Equivalent (g/t)

RDD-001 0 567 0.28 0.45 0.89

RDD-002 96 224 0.24 0.27 0.65

RDD-003 42 291 0.31 0.32 0.81

RDD-004 0 428 0.34 0.27 0.81

RDD-005 6 266 0.22 0.20 0.51

RDD-006 0 460 0.21 0.20 0.53

RDD-007 0 572 0.11 0.16 0.33

RDD-008 138 479.7 0.17 0.24 0.51

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Tota

lAltera

tion

Syst

em

1500m

North

ern

Porp

hyry

Zone

600m

South

ern

Porp

hyry

Zone

750m

SUVA RUDA PROJECT -RUDNITZA PORPHYRY

Total alteration system covers 1500m by 600m area defined by coincident copper - gold- molybdenum anomaly in soil sampling, with two zones of greater than 0.1 g/t gold in soils:

Southern porphyry zone

• Drillhole RDD-001 returned 567m at

0.28% copper and 0.45 g/t gold (includes

30m @ 1.45%copper & 0.4 gold)

• Mineralisation remains open in all

directions with little drilling to date

Northern porphyryzone

• New 600m by 400m geochemical

anomaly discovered by soil sampling in

the north

• Never drill tested

Possible double-headed porphyry with potential at depth

Figure: The Rudnitza porphyry area, contoured gold in soil results highlight the two porphyry centres. Results for drillholes RDD-005 to RDD-008 are pending. 11

SUVA RUDA PROJECT – RUDNITZA PORPHYRY GEOPHYSICS

Tethyan recently ran

Quantec’s proprietary

TITAN 24 IP technology in

10 lines over the Rudnitza

porphyry to identify

potential mineralisation,

the TITAN system can

identify targets up to

1,500m depth.

Interpretation of the data is

expected early-November.

Figure: The Rudnitza porphyry,

contoured copper in soil results

highlight the mineralised area, IP

lines surveyed in September 2017.

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SUVA RUDAPROJECTLEAD - ZINC POTENTIAL

• Two historic lead-zinc mines adjacent to the

Suva Ruda License with combined historic

(non-compliant) resources estimated in

excess of7Mt

• Kizevak mine mineralisation strikes onto the

Suva Ruda License, historic drilling indicates

good grades on the Suva Ruda license

boundary

• Drilling peripheral to the Rudnitza porphyry

intersected multiple lead-zinc veins as shown

in tablebelow:

Drill Hole From

(m)

To

(m)

Intercept

(m)Pb (%) Zn (%)

Pb+Zn

(%)Ag (g/t)

PDRC 04

-04

161 165 4 1.57 2.67 4.34 16.5

285 293 8 7.11 3.37 10.48 108

326 330 4 2.52 0.76 3.28 43

370 374 4 9.21 11.19 20.4 229

430 432 2 7.82 0.99 8.81 204

504 508 4 11 0.2 11.2 154.5

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GOKCANICA PROJECT

Tethyan has entered into a joint

venture over the Gokcanica

permits

• Porphyry-epithermal target

situated 15km north of Rudnitza

• Roman workings onepithermal

gold and silvertargets

• Dealo Spend $500k by 31st

Decemeber 2018 to earn

51%

o Complete PEA for 70%

o Complete Feasibility

study for80%

o JV partner fund or dilute

to 1.5%NSR capped at

$5 million

• TITAN geophysical survey

completed in September

2017

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Vein outcropping over 150m returned up to 8.3 g/t gold in rock-chip samples, currently being mapped and sampled, possible drill target for early 2018

Historic silver mine: Tethyan rock-chips up to 189 g/t silver and 0.73 g/t gold

THE NEXT 6-12 MONTHS …

September 2017: Completed dual-listing on TSX-V

o Expected increased liquidity on share trading

o Gain access to North American Investors and Funds

Late-September 2017: Completed major geophysical programme at the Rudnitza porphyry

o Tethyan have contracted Quantec’s proprietary TITAN IP system, penetrating to 1,000m depthsearching for high-grade porphyry core

o Interpretation of results expected early-November

• 1st November: Shareholder meeting for AIM de-listing and share roll-back (6:1)

• Early 2018: Drill programme

o Drilling IP targets for buried high-grade porphyry system & build the size of known resource

o 5 to 10 drill holes, 600m to 800m depth

• Ongoing:exploration on early-stagetargets

o Gokcanicaproject: high-grade gold veins recently discovered

o Lead & zinc targets within the SuvaRuda exploration license

o Kremic gold-copper-molybdenum anomaly: porphyry target

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INVESTMENT CASE

16

“PEERS” WITH PORPHYRY CU-AU PROJECTS

Mark

etCap

CAD

$M

illio

ns

$640

$320

$160

$80

$40

$20

$10

$5

Staking

AcquisitionFirst Drilling Resources Major Resource Buy Out

Rugby Mining

Medgold

Tethyan

Mundoro

Capital

Norsemont,

Constancia

Euromax 256 m tons @

0.21%Cu, 0.32 g/t Au

Antares,

Haquira

Cordoba Minerals 53 m

tons @ 0.7% Cu, 0.37

g/tAu

Panoro Minerals 521 m

Tons @ 0.29% Cu 0.18

g/tAu

BlackSea

Lumina Gold, Cangrejos

202 m tons @0.1%Cu,

0.62 g/t Au

Sol Gold - Cascabel

Stagesof Company Development

Our Goal is for Tethyan to

be re-rated higher price

(Current market cap $C9

million).

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COMPANY CONTACTDETAILS

For further information please visit www.tethyan-resources.com or contact:

Tethyan Resourcesplc info@tethyan-resources.com

SP Angel(Broker) + 44 (0)20 34700470

Cairn Financial Advisors LLP (Nomad) +44 (0)20 72130880

Blytheweigh (Financial PR) +44 (0)20 71383204

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