Cleveland Mining Company Limited

Management, Strategy & Projects

August 2013

David MendelawitzManaging Director

ASX Code CDG

Cleveland Mining Company Limited 2

Important Information

This presentation contains certain “forward‐looking statements”. All statements, other than statements of historical fact, that address activities, events or developments that Cleveland Mining Company Limited (“Cleveland” or the “Company”) believes, expects or anticipates will or may occur in the future are forward‐looking statements. Forward‐looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “target”, “expect”, and “intend” and statements that an event or result “may”, “will”, “can”, “should”, “could”, or “might” occur or be achieved and other similar expressions. These forward‐looking statements reflect the current internal projections, expectations or beliefs of Cleveland based on information currently available to Cleveland.

Forward‐looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by Cleveland with securities regulatory authorities, that may cause the actual results of Cleveland to differ materially from those discussed in the forward‐looking statements, and even if such actual results are realised or substantially realised, there can be no assurance that they will have the expected consequences to, or effects on Cleveland. Cleveland expressly disclaims any obligation to update or revise any such forward-looking statements.

Cleveland Mining Company Limited 3

Investment Highlights

Experienced team with clear strategy & significant ‘skin in

the game’

Located in a region with a strong mining culture, large

skilled labour pool and extensive mine service providers

Development risk now largely removed with mine ramp up

progressing well as the Premier mine transitions into

production

Now positioned for game-changing growth through

exploration upside and/ or acquisition

Strategy designed to mitigate variable market conditions

Track record of “fast track” success

▲ Location of Cleveland Projects

Cleveland Mining Company Limited 4

Why Gold in Brazil?

Brazil Traditional mining country

Low sovereign risk

Acceptable royalties and taxes

Low cost energy, labour, on-costs

ExampleCost

Brazil Australia Cost Difference

Truck driver(cost to business)

$15,000 - 20,000 p.a.

150,000 – 200,000 p.a

≈1000% +

Power Source

7c – 15c per Kwh(hydroelectric)

+30c (Gas)+50c (Diesel)

50-700%

Diesel $1.08/L 1.42/L ≈130%

Gold Low barriers to entry

High potential profit margin

in right jurisdiction

Easy to understand

Easy to sell

Constant strong demand

Declining world in-ground

resources

Cleveland Mining Company Limited 5

Start Small to Build Strong Foundations

Establish strong relationship with local partner – Edificia Participações

Low technical risk development funded by equity to minimise debt servicing pressure

Room to understand environment – what affects budgets and schedules – what can and can’t be done

Time to pull together a team

Sort out teething issues

Strong foundation for growth

Cleveland Mining Company Limited 6

From Concept to Cash Flows in 3 Years

Starting with no resource, no team, no permits

and minimal funds, Cleveland has:

• Secured projects

• Identified a resource

• Designed and licensed the project

• Built a team and solid understanding of Brazil

• Established production

• Secured a growth horizon

Within FY13/14 Cleveland will have:

• Stabilised production

• Established profitability

• Commenced expansion

Cleveland Mining Company Limited

▲Premier Mine February 2012 ▲Premier Mine June 2012

A Mine Built in Six Months

Premier Mine June 2013

Cleveland Mining Company Limited 8

Premier Gold Mine

Stage 1 (ongoing) 50:50 Joint Venture with Edifica Participações Mining and production commenced 40tph processing capacity Installed plant capability to deliver 10,000oz – 20,000oz

with current ore (1.0 – 3.0 gt) and 60% recovery. 34,000t @ 1.79gt of crushed or containing approx. 60kg

of gold on ROM currently being processed. Achieving >60% recovery

Stage 2 (Q4 2013 – Q1 2014) Introduction of higher-grade material from Premier and O

Capitão (3.0 – 10.0 gt) Addition of cyanide and floatation circuit to increase

recovery from 60% to 90%+

Stage 3 Expansion of resources through further drilling and

possible acquisition of other gold projects held in immediate region

Cleveland Mining Company Limited 9

Easy Mining with Exploration Upside

Initial ‘Foundation” Inferred Resource of

1.96mt @ 1.41 g/t for 89,000 ounces defined

to underpin production start and payback of

investment

Early access to high grade mineralisation

Ore-body is outcropping and shallow dipping

Open along strike and down dip

Unit repeats below and an order of

magnitude thicker

Multi million ounce prospectivity

demonstrated through drilling, geophysics,

soil sampling and mapping

Cleveland Mining Company Limited 10

O Capitão Gold Project

Resource expansion potential

Less than 10km from Premier Mine Site of large artisanal mine

(5-10t Au extracted by hand) Two mineralised areas identified:

1. Lavra

2. Dona Maria Multiple stacked lodes identified with significant high-

grade intercepts, Including:Lavra• 1.30m @ 14.29 g/t Au from 44.7m

• 2.00m @ 17.21 g/t Au from 39.0m

Dona Maria • 11.00m @ 1.01 g/t Au from 51.00m to 62.00m

• 4.40m @ 3.55 g/t Au from 91.00m to 95.40m

Planning for processing at Premier Mine

Lavra

Dona Maria

Premier 9km

Dona Maria

Lavra

Cleveland Mining Company Limited 11

Premier Gold Mine – The Next 18 Months

Period Milestone Event

3Q2013

Resumption of mining and crushing

4Q2013

Start of mining of Premier underground

1Q2014

Commissioning of cyanide circuitStart of mining of Lavra at O Capitão

2Q2014

Start of mining of Dona Maria at O Capitão

3Q2014

Start of mining Premier Pit 3

Cleveland Mining Company Limited 12

Multiple Sources of Ore

Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q 4 20140

10000

20000

30000

40000

50000

60000

70000

80000

Ore Tonnes Per Quarter By Source

ROM Stock 1.79 gt Metago Tailings 0.88 gt Premier Underground 2 -4 gtPremier Open pit 3 - 4 gt Lavra 10 gt Dona Maria 2 -3 gtPremier Tailings 1 - 1.2 gt

Current production from ROM stockpiles

Open pit mining re-commencing Q4

Relatively low reliance on underground sources

Cleveland Mining Company Limited 13

Premier Financial Metrics – Targets

Based on 1H2014 production targets @ 7,000 ounces per Qtr

Tonnes processed 70,000 / qtr with average head grade 3.22 g/t

Processing recovery at 90%

Brazil C1 cash cost target A$400 per ounce

Australian Head Office expense target A$125 per ounce

Sustaining CapEx and exploration expense target A$100 per ounce

Cleveland JV profit share 70/30 reducing to 50/50 as JV funding debt repaid by Edifica to Cleveland

Cleveland Mining Company Limited 14

Growth Potential

Gold Mara Rosa Gold Project

100 km from Crixas

Strike extension of Amarillo Gold Corps 1.2m

ounce Posse Deposit

Iron Ore Alliance with BC Iron

3 Projects comprising 80 tenements

Early stage iron ore Exploration on highly

prospective ground

Strategically located next to developing Port and

Rail Infrastructure

Cleveland Mining Company Limited 15

Company Overview and Capital Structure

Issued and Paid Up NumberShares

Shares on issue 211,486,669 OptionsOptions ($0.20) 3,527,000Options ($0.62) 500,000Performance Options ($0.20 - $0.84, against significant progress milestones)

24,540,000

Total Options 28,567,000

Cleveland Mining Company Ltd. (ASX:CDG)

Major ShareholdersMrs Sarah L. Mendelawitz 20.93%Mr Wang Zhe6.00%BC Iron (SA) Pty Ltd. 4.39%Finook Pty Ltd3.40%Penwerris Pty Ltd

2.56%

Share Price $0.13

Market Cap A$23m

1-year Range A$0.07 – 0.95

Cash (at 30/6/13) <A$1m

Receivables (from JV partner – to be paid from project profits)

~A$8.5m

Outstanding Iron Ore equity contribution from Chinese Steel Mill

~A$10m

Debt (at 30/6/13) ~A$1.4m

Board of DirectorsDon Bailey - Non-Executive Chairman

David Mendelawitz – Managing Director

Russell Scrimshaw – Non-Executive Director

Jim Williams – Non-executive Director

Cleveland Mining Company Limited

Contact

Phone: +61 (08) 6389 6000

Fax: +61 (08) 6389 6099.

Email: info@clevelandmining.com.au

Corporate Headquarters: Suite 3, 254 Rokeby Road, Subiaco, Western Australia

Mailing Address: PO Box 2089, Subiaco, Western Australia, 6904

Web: www.clevelandmining.com.au

Competent Person’s Statement

The information in this report that relates to Exploration Results is based on information reviewed by David Mendelawitz, who is a Fellow of the AusIMM. Mr Mendelawitz has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to 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. Mr Mendelawitz consents to the inclusion of the matters based on his information in the form and context in which it appears. Mr Mendelawitz is employed by Cleveland Mining Company Ltd.