Alba Minerals Corporate Presentation

Horse Hill 18/19 Estimated Timeline www.albamineralresources.com 150-day Extended Well Tests (EWTs) HH-1 To confirm that HH-1’s reservoirs are each connected to a commercially viable oil volume Portland 30-40 days KL3 30-40 days KL4 30-40 days Site Facilities Upgrade New Drilling Programme HH-2 Subject to EWT results, HH-2 well planned as a future Portland producer, with possible spud towards the end of summer 2018 New Drilling Programme HH-1z Possible HH-1z Kimmeridge side-track spud planned for 2019 following modelling based on HH-1 production data Production Planning Application To produce oil from HH-1, HH-1z and HH-2 plus further wells Declaration of Commercial Viability For Portland by mid-2018 (subject to EWT results). A Kimmeridge declaration (also subject to EWT results) would follow programme completion and analysis of data 2018 2019 Oil & Gas Operator’s Target for First Permanent Oil Production Information on this slide taken from Operator’s last published timeline – see RNS of 19.12.17 7