Hannans Reward LtdInvestor Presentation

7 February 2011

Contents

Summary

The Team

The Projects

Funding

Performance

Ownership

Value Proposition

Exploration

Active exploration for nickel, gold and manganese in Western Australia

Large land position in proven mineralised belts

Assessing new projects in Australia & overseas

Corporate

Well funded with approx. A$30M in liquid assets

Market cap A$33M @ 25cps

Assessing new seed capital & investment opportunities

Summary

Runaway upside potential, limited downside risk

Mission: To provide shareholders with the returns we all expect from this type of investment

Goal: To discover a world-class minerals deposit

Strategy: Engage specialists in their respective fields and provide them with the resources they need to achieve the goal

Process: Disciplined approach to integrating geochemistry, geology and geophysics

Does Hannans Reward have access to the skilled specialists

necessary to successfully implement the strategy?

Yes

Don Huntly Geologist -Exploration Manager - ex-Xstrata Nickel & Jubilee Mines

Ben Jones Geophysicist – Consultant – ex-Xstrata Nickel & Jubilee Mines

Dr Nigel BrandGeochemist – Consultant -ex-Xstrata Nickel & Jubilee Mines

Dick ScallanMining Engineer -Director

Helen Sanders – Database Geologist

John Jackson Geologist & Geophysicist –Consultant – ex-Vale, Mt Isa Mines

Jonathan Murray, Lawyer - Director

Mindy Ong –Finance & Administration

Michael Craig - Accountant & Company Secretary

Ian Gregory –Company Secretary

Damian Hicks, Corporate -Director

Bill Hicks -Director

Does Hannans Reward have major land positions in highly

mineralised belts?

YES

Three major belt positions, proximal to major mines, neighbours include mid –large ‘cap’ mining companies, well located to infrastructure, easy logistics

Major position in key manganese province

Is the Team at Hannans Reward working smart and hard to achieve the goal?

YES

Project Prospect Work Completed Positive Results Proposed Activities ScheduleForrestania(1,153 sq

km’s)

Skeleton Rocks Prospect(Ni + Au)

Preliminary targeting for Iron exploration.

Large magnetic high features targeted for iron exploration, Cazaly Resources target model of >30Mt resource.

Field Reconnaissance.Geological interpretation.Drilling program proposal.

Field reconnaissance during 1st qtr 2011.Geological interpretation during 1st qtr 2011.Surface geochemistry during 1st qtr 2011.Clearances for RC drilling during Jan/Feb 2011

Stormbreaker Prospect (Ni)

Field checking of auger anomalies completed.Flora surveys completed.

Ni and Au anomalies definedClearances for RC drilling received from DMP.

RC Percussion drilling targeting Ni and Au anomalies.Additional infill auger sampling.Surface TEM.

RC drilling to commence Feb 2011.Infill auger sampling to commence Jan 2010.Surface TEM to commence Mar 2011.

Lucy Rocks Prospect(Ni)

Flora surveys completed.

Clearances for RC drilling received from DMP.

RC percussion drilling at Beautiful Sunday West.Reconnaissance aircore drilling to confirm geology to south.

RC drilling to commence Feb 2011.RAB/Aircore drilling to commence 1st qtr2011.

Exploration Activity TableUpdated 31 January 2011

Queen Victoria Rocks(395 sqkm’s)

Benari Prospect(Ni)

Nil Nil Geological interpretation.Aircore drilling to define geochemical anomalies.

Geological interpretation to be completed 1st qtr2011.Aircore drilling to commence 2nd qtr2011.

Horseshoe Prospect(Ni)

Auger sampling data received and interpreted.

One moderately strong anomaly generated from the sampling.

Surface TEM to follow up any significant Ni anomalies.RC drill test geophysical and/or geochemical anomalies.

Surface TEM to commence during Jan 2011.RC drilling to commence 2nd quarter 2011.

Spargos North(Ni)

Preliminary review of TEM and drilling data.

A number of strong VTEM anomalies require follow up with ground TEM.

Surface TEM to follow up VTEM anomalies.

Surface TEM to commence Jan/Feb 2011.

SpargosProspect(Ni)

Preliminary review of TEM and drilling data.

A number of historical drill holes have intersected what appears to be disseminated Ni sulphides internal to the ultramafic host unit.Mineralisation is still open to the south.Southern ultramafic contact has been folded and/or faulted and remains poorly explored.

Geological interpretation.Process and interpret historical geochemical data.Surface TEM to over southern ultramafic contact.Technical review.RC percussion drilling of any significant anomalies along southern contact.

Technical review to be completed during Feb 2011.Surface TEM to commence Feb/March 2011.Infill geochemical sampling to commence 1st qtr2011.Drilling to commence 2nd quarter 2011.

Spargos South(Ni)

Preliminary review of TEM and drilling data.

Auger anomaly and magnetic high feature along strike of the Spargos prospect has had no TEM coverage.

Surface TEM survey.RC drill test any significant anomalies.

Surface TEM to be completed during Feb 2011.

Lake Johnston(380 sq

km’s)

Ernest Prospect(Au)

RC drilling has been completed.Gravity survey extended to the north, east, west and south.

Minor Au intercepts returned for RC drilling.Gravity survey has helped to map structures and lithologies.

Geological interpretation and review.

Geological review and interpretation to be completed during 1st qtr2011.

Hardcore Prospect(Au)

RC drilling completed mid Jan 2011.Surface geochemical data processed and interpreted.

Narrow high grade Au intercepts returned from assays to date.Additional Au anomaly defined to the SW – Zambezi Anomaly

Data and geological review when all assays received.

Geological interpretation to be completed 1st quarter 2011.

Mt Gordon Prospect - E(Au)

All historical data complied.Surface geochemistry data processed and interpreted.

Extensive gold anomalism identified, high grade anomaly covers an area of 2.1 x 0.5 km’s with very little RC drilling completed in the area.Best historic RC intervals include 2m @ 6.97 g/t Au and 2m @ 3.85 g/t Au.

Geological Interpretation.Interpret historical geochemical data.Regional gravity survey.Infill auger sampling.Regolith and RC drilling.

Start gravity survey 1st

quarter 2011.Infill auger sampling during 1st qtr 2011.Regolith and RC drilling during 2nd quarter 2011.

Maggie Hayes SouthProspect (Ni + Au)

Surface geochemical data processed and interpreted.

Additional Au anomalies identified on tenement E63/1354.

Surface TEM over the southern portion of the ultramafic unit.Geological interpretation.Field reconnaissance to asses Au anomalies.

Surface TEM to commence 2nd qtr2011.

Jigalong(2,589 sqkm’s)

Hill 616 Prospect (Mn)Marumaru (Mn)Zebra Bore (Mn)

Preliminary targeting for Mn.Field trip completed, visited all Mn target areas.Auger sampling program completed over the northern portion of E46/780

Hill 616 remains the priority prospect area, it is considered there is potential to increase resource outline.Additional Mn occurrences identified during the field visit.

Detailed review of Hill 616 and work program proposal to be completed.Process and interpret recent and historical geochemical data.

Detailed review of Hill 616 and project area to be completed during 1st qtr 2011.

Forrestania ProjectNickel & Gold

RC drill program currently in progress testing nickel sulphide and gold targets generated through geophysics, geochemistry and geology

Interpreted to contain same rock units that host nickel sulphide mines to the south

16 RC holes for ~4,500m commenced 4 February 2011

Skeleton RocksGold & Iron Targets

Lake Johnston ProjectNickel & GoldRC assay results pending

Mt GordonHighest ranking gold targets

QVR ProjectNickel

Jigalong ProjectManganese

Does Hannans Reward have the funds to

implement its plan?

YES

Cash1, 2 $5.58M

ASX Listed Equities3 $25.4m1 Cash at end of 2nd Quarter

2 SCR had drawn down approx. $1m of Convertible Loan

3 AGO at $3.85 & SCR at 42.5 cents. This does not include value of SCR options

274 234 191 239 234 222

721

546

388

475

1,121

1,364

6,3335,865

5,023 4,788 4,8955,583

14,049

19,927

16,94617,241

18,884

0

5,000

10,000

15,000

20,000

0

500

1,000

1,500

2,000

2010 | Q1Sep 09

2010 | Q2Dec 09

2010 | Q3Mar 10

2010 | Q4Jun 10

2011 | Q1Sep 10

2011 | Q2Dec 10

Exploration (LHS) Administration (LHS) Cash (RHS) Atlas Iron Value (RHS)Expenses(A$'000)

Cash(A$'000)

Exploration Expenditure

Share Price Performance January 2010 – January 2011

Relative Share Price Performance January 2010 – January 2011 S&P/ASX 300 MET (Red), HNR (Thick Grey) & AGO (Thin Black)

TOP 30 Shareholders as at 1 February 2011Rank Name Units % of Units

1. JP MORGAN NOMINEES AUSTRALIA LIMITED 11,189,690 8.50

2. MARFIELD PTY LTD 7,200,000 5.47

3. HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED <CW A/C> 4,000,000 3.04

4. AUST GLOBAL RESOURCES PTY LTD 3,636,363 2.76

5. ACACIA INVESTMENTS PTY LTD <DPH FUND A/C> 3,554,696 2.70

6. MOSSISBERG PTY LTD 2,296,296 1.747. DIXON INTERNATIONAL PTY LTD 2,005,720 1.528. JIGALONG COMMUNITY INC/C 2,000,000 1.529. MR TERRENCE RONALD GRAMMER 1,940,000 1.47

10. ABN AMRO CLEARING SYDNEY NOMINEES PTY LTD 1,801,136 1.37

11. ERIC PRESTON PTY LTD 1,700,000 1.29

12. MANDIES MEATS PTY LTD <NUMBER 2 ACCOUNT> 1,597,000 1.21

13. RBC DEXIA INVESTOR SERVICES AUSTRALIA NOMINEES PTY LIMITED 1,594,159 1.21

14. KANASLEX PTY LIMITED 1,548,296 1.1815. MS SUSAN EILEEN DECHOW 1,500,001 1.1416. MR TERRENCE RONALD GRAMMER 1,500,000 1.1417. SUSERN HOLDINGS PTY LTD 1,500,000 1.14

18. BONORD PTY LTD <CW HULLS & CO S/F A/C> 1,200,000 0.91

19. MR JAMES LAURENCE BERRY 1,170,000 0.8920. FORTY TRADERS LIMITED 1,125,201 0.8521. MARFIELD PTY LTD 1,074,543 0.82

22. MR FRANCESCO RIZZO + MRS FRANCESCA RIZZO 1,034,931 0.79

23. MS MARA JANE RUDD 1,000,000 0.7624. CAPPIG FINANCE PTY LTD 800,000 0.61

25. MR VINCE TRUDA <VINCE TRUDA SUPER A/C> 750,000 0.57

26. EXTRA NOMINEES PTY LTD <BACCINI FAMILY A/C> 700,000 0.53

27. MR MICHAEL KABLE 700,000 0.53

28. NIJINSKY CORPORATION PTY LTD <NIJINSKY RETIRE FUND A/C> 700,000 0.53

29. EXTRA NOMINEES PTY LTD 601,322 0.46

30. BOND STREET CUSTODIANS LIMITED <APG - HS1118 A/C> 564,555 0.43

Totals: Top 30 holders of ORDINARY SHARES (GROUPED) 61,983,909 47.08Total Remaining Holders Balance 69,664,806 52.92

“Hannans’ market capitalisation will only change significantly through exploration discovery – either by us or our future joint venture partners.

We are allocating the funds to give ourselves the best chance of discovery.

It may be that we need to rebalance the project strategy to ensure all projects are ‘released’ or advanced faster than can be achieved under the existing model.

In the meantime, we must use our Balance Sheet and corporate initiatives to create wealth for shareholders.”

Damian HicksManaging Director

Hannans Reward Ltd

Cash

5.2% term deposit

Hybrid

$2.5M note earning12.5% pa

convertible into SCR FPO at deemed 33c

$1.25M note earning12.5% pa

convertible into SCR FPO at deemed 66c

Equities

ASX Listed 6.4m AGO1.8m SCR

1.2m SCRO at 20c0.5m SCRO at 40c

Managed Funds

HR Equities Pty Ltd (100%)

Is there a chance of the Hannans Reward share price rising quickly if an exploration

discovery is made?

YES

Portfolio valuation ~$3m

QuestionsDamian HicksManaging Director+61 8 9324 3388admin@hannansreward.com

DisclaimerThis Document and the information contained herein and any presentation (collectively referred to as “Information”) isproprietary to Hannans Reward Limited (“HNR” or “the Company”). This Document is being provided to the general publicfor the sole purpose of providing background information to enable the Recipient to review the potential of HNR. It is notintended as an offer, invitation, solicitation or recommendation with respect to any potential transaction.Potential investors must make their own independent assessment and investigation of HNR and should not rely on anystatement or the adequacy or accuracy of the information provided. Securities of small to mid cap explorationcompanies, typically involve a high degree of risk and as such, any investment in HNR must be considered as speculative.The Information provided does not purport to cover all relevant information about any potential investment in HNR.Accordingly potential investors are advised to seek appropriate independent advice, if necessary, to determine thesuitability of this investment. The Document contains reference to certain intentions, expectations and plans of HNR. Thoseintentions, expectations and plans may or may not be achieved. They are based on certain assumptions which may notbe met or on which views may differ. The performance and operations of HNR may be influenced by a number of factors,many of which are outside the control of HNR. No representation or warranty, express or implied, is made by HNR or any oftheir respective directors, employees, agents, advisers and consultants that any intentions, expectations or plans will beachieved either totally or partially or within a prescribed timeframe or that any particular rate of return will be achieved.The Information disclosed relates to the proposed business of HNR at the date of this Document. Material information mayhave changed since the date the Document was compiled. No responsibility is accepted to advise any person of anychange or update any of the Information. Neither the provision of this Document nor any information contained in thisDocument or subsequently communicated to any person in connection with this Document is, or should be taken as,constituting the giving of investment advice to any person. By accepting this Document you acknowledge and agree tobe bound by each of the foregoing statements.The information in this document that relates to exploration results is based on information compiled by Mr, Don HuntlyExploration Manager, Hannans Reward Ltd who is a Full Member of the Australian Institute of Geoscientists and aRegistered Professional Geoscientist. Mr. Huntly is a full-time employee of Hannans Reward Ltd. Mr Huntly has sufficientexperience, which is relevant to the style of mineralisation and types of deposits under consideration and to the activitywhich has been undertaken to qualify as a Competent Person as defined by the 2004 edition of the “Australian Code forthe Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mrs. Huntly consents to the inclusion in the reportof the matters based on the information in the form and context in which it appears.

Forrestania Project

During the period 2007 through to 2011Hannans Reward has significantly increased its coverage of prospective rock types at Forrestania as it gains an improved understanding of the geological model for the belt…increasing its chance of exploration success.

This is the model for the progressive growth over time of Lake Johnston, Queen Victoria Rocks and Jigalong

Evolution Model of a Hannans Reward Project