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Presentation Disclaimer Forward Looking Statements This presentation may contain certain forward looking statements and projections regarding: estimated,

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

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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 Tightly held - Top 40* own 70% Cashed up - $5 million Major Shareholders include: Genesis Fund Newmont Mining Corporation Macquarie Bank RMB Resources Phoenix Gold Fund Management Contango Fund Mariner Fund Standard bank Daily average volume 12 months: 350,000 high/low: $0.80 / $0.25 The Gryphons Nest Burkina Faso - Banfora Gold Project: Substantial landholding of 1150km 2. A major gold producing district:3.2 Million oz gold Tongon (30km) 11.5 Million oz gold Syama (50km) 6.5 Million oz gold Morila (75km) Open drilling includes: 3.65g/t & 2.11g/t gold. Minara Resources JV: sulphide nickel exploration in Australia Management team with a proven track record in Africa. Aggressive exploration: 30000m RC/DD, 50000m RAB, 5000 soils. One of the worlds most prospective gold provinces. Maiden Resource: 2.1g/t for 410,000oz gold (