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1 Matsa Resources Limited Symons Hill Project Update March 2013 ASX: MAT

2 Forward Looking Statements The material used in this presentation is intended to be a summary of selected geological data, current and proposed activities, as well as resource estimates based on information available to Matsa Resources Limited ( Matsa or the Company ) at the time. It does not include all available information and should not be used in isolation as a basis to invest in Matsa Resources. This presentation may include information and graphics relating to a conceptual mining study, completed independent resource estimate and a scoping study and includes forward looking statements which include, without limitation, estimates of gold production based on mineral resources that are currently being evaluated. While the Company has a reasonable basis on which to express these estimates, any forward looking statement is subject to risk. Risks include, without limitation, gold metal prices, foreign exchange rate movements, project funding capacity and estimates of future capital and operating costs. The Company does not undertake to release publicly any revisions to forward looking statements included in this presentation to reflect events or results after the date of this presentation, except as may be required under applicable securities regulations. Any potential investor should refer to publically available reports on the ASX website and seek independent advice before considering investing in the company. Competent Persons Statements The information in this report that relates to Exploration results, is based on information compiled by David Fielding, who is a Fellow of the Australasian Institute of Mining and Metallurgy. David Fielding is a full time employee of Matsa Resources Limited. David Fielding has sufficient experience which is relevant to the style of mineralisation and the type of ore deposit under consideration and 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. David Fielding consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Mineral resources and reserves The information in this report that relates to mineral resources and reserves, is based on information compiled by Richard Breyley, who is a member of the Australasian Institute of Mining and Metallurgy. Richard Breyley is a full time employee of Matsa Resources Limited. Richard Breyley has sufficient experience which is relevant to the style of mineralisation and the type of ore deposit under consideration and 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. Richard Breyley consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Matsa Resources Limited ABN

Undervalued and Tightly Held Shares on Issue 134.

5% Major Shareholders JP Morgan 12.00% HF Resources 8.74% Paul Poli 7.87% RASL 6.

3 Undervalued and Tightly Held Shares on Issue million Director/Employee Options (Unlisted cents) million Top 20 Shareholders 51.5% Major Shareholders JP Morgan 12.00% HF Resources 8.74% Paul Poli 7.87% RASL 6.30% Directors Paul Poli B.Com FCPA Frank Sibbel - BE Hons FAusIMM Andrew Chapman B.Bus CA Ffin One Company - Diversified Portfolio Symons Hill Project Exploration Update March

Exploration Dundas Iron Ore Phase 2 Exploration Siam Copper

4 Seven Projects One Company Mt Henry Gold JV BFS Underway Symons Hill Fraser Range - Exploration Dunnsville Gold Exploration Dundas Iron Ore Phase 2 Exploration Siam Copper Soil Sampling Paisali Iron Ore Ground Magnetics KT Gold Anomaly Definition 4

4,520km 2 Portfolio - WA 3,695km 2 in Fraser Range and NE Goldfields Symons Hill Project 96km 2 Fraser Ranger North 354km 2 Mt Henry JV BFS underway Mt Henry JV Brownfields exploration

5 4,520km 2 Portfolio - WA 3,695km 2 in Fraser Range and NE Goldfields Symons Hill Project 96km 2 Fraser Ranger North 354km 2 Mt Henry JV BFS underway Mt Henry JV Brownfields exploration progressing Killaloe and Dunnsville gold projects progressing Minigwal applications along strike from St George Mining s Cambridge Ni Prospect Fraser Range Far North target Tropicana Style Au

93 364,500 Selene 11,776,000 1.59 602,000 North Scotia 214,000 5.20 35,800 Total 17,864,000 1.

66 456,900 Grand Total 26,426,000 1.72 1,459,400 1) All Resources are reported to a lower cut-off grade of 1.0g/t.

6 Mt Henry 1.5Moz Gold BFS Underway Mt Henry Gold Project Resources (100% Basis) (>1g/t Au) Tonnes Grade Ounces (g/t) Indicated Mt Henry 5,874, ,500 Selene 11,776, ,000 North Scotia 214, ,800 Total 17,864, ,002,300 Inferred Mt Henry 5,099, ,500 Selene 3,119, ,400 North Scotia 344, ,000 Total 8,561, ,900 Grand Total 26,426, ,459,400 1) All Resources are reported to a lower cut-off grade of 1.0g/t. 2) Rounding, conforming with the JORC code may cause computational errors. High Exploration Potential Farm - in Killaloe, Duke, Cashel & Bulldania Review of existing and new Tenements reveals exciting targets to add to 1.5Moz Resource Existing high grade deposits open at depth 635,438 ounces 746,356 ounces 60,000 ounces 6

7 Mt Henry Scoping Study (Source: PAN ASX Release Dec 2012)

Symons Hill 100% Matsa Owned E69/3070 Application Granted Native Title Heritage Agreement Signed Environmental - Flora Survey concludes there is no impact on Priority

8 Symons Hill 100% Matsa Owned E69/3070 Application Granted Native Title Heritage Agreement Signed Environmental - Flora Survey concludes there is no impact on Priority Ecological Communities (PEC s) Programmes of Work (POW s) applied for to enable vehicle access and line clearing for ground EM surveys Symons Hill Project Exploration Update March 2013

Symons Hill Neighbours Matsa Fraser Range North JV Sirius drilling discovers Bollinger deposit 200m East of Nova Auger sampling by Boadicea close to

9 Symons Hill Neighbours Matsa Fraser Range North JV Sirius drilling discovers Bollinger deposit 200m East of Nova Auger sampling by Boadicea close to Nova, assays awaited VTEM completed by Buxton identifies Widowmaker VTEM by Sheffield identifies Red Bull Targets IP and soils over Plato Prospect Enterprise

10 Nickel Soil Geochemistry 833 Soil Samples have identified 5 Geochemical Targets (SH01 SH05) Coincident Ni Cu Targets (SH01 and SH04) Ni only targets (SH02 and SH03) Cu only target (SH05) Infill Sampling completed SH01 and Part of SH04 Close association with Symons Hill Fault Zone

target (SH05) and 2 Ni only targets (SH02 and SH03) indicate potential for other base metal

11 Copper Soil Geochemistry Nickel Copper Soils Soils Coincident Ni Cu Targets (SH01 and SH04) Coincident Ni Cu commonly indicates the presence of Nickel Sulphide Mineralisation 1 Cu only target (SH05) and 2 Ni only targets (SH02 and SH03) indicate potential for other base metal styles Infill Soil Sampling of remaining targets will re-commence when access tracks are in place

12 Ni Cu Geochemistry over Magnetics New magnetic data clearly defines Symons Hill fault zone Magnetic features define layering in basement gneisses Distinctive hook shaped magnetic anomaly defines Eastern and Southern margins of SH01 Key Geochemical anomalies within and close to Symons Hill Fault Zone Coincident Ni Cu targets are highest priority for follow-up exploration Infill soil sampling to recommence to better define drill targets

Ni Cu Geochemistry over Heli - VTEM Total of 622 Line km surveyed for EM and Magnetics >20 EM conductors including 6 Priority 1 (SH_VA1-6) 2 Priority 1 conductors (SHVA4 and SHVA5) close to SH01 1

13 Ni Cu Geochemistry over Heli - VTEM Total of 622 Line km surveyed for EM and Magnetics >20 EM conductors including 6 Priority 1 (SH_VA1-6) 2 Priority 1 conductors (SHVA4 and SHVA5) close to SH01 1 priority 1 conductor (SHVA3) close to SH04 Priority conductors within and close to Symons Hill Fault Zone Conductive Palaeochannel underlying SH01 may have obscured further targets Ground EM planned over 6 priority 1 conductors and SH01 Symons Hill Project Exploration Update March 2013

Symons Hill Project Schedule Programme Of Works (POW) lodged for Access and Ground EM Surveys Ground clearing and EM surveys planned to commence on 6 priority VTEM targets and

14 Symons Hill Project Schedule Programme Of Works (POW) lodged for Access and Ground EM Surveys Ground clearing and EM surveys planned to commence on 6 priority VTEM targets and SH01 in ~10 days Additional infill soil sampling to better define SH02 - SH05 Drill targets to be defined with drilling commencing as soon as possible post ground EM survey results

15 Summary Symons Hill is an exciting project which is progressing well and could add significant value to shareholders

DRIVING NICKEL AND COPPER SULPHIDE DISCOVERY ON THE FRASER RANGE

INVESTOR UPDATE DRIVING NICKEL AND COPPER SULPHIDE DISCOVERY ON THE FRASER RANGE JUNE 2014 Disclaimer The information in this presentation is published to inform you about Classic Minerals Limited and