Nelson Resources LimitedASX: NES

ABN 83127620482

Adam Schofield – Executive Director

Focused on discovering the next Tropicana…

2/06/2019

The presentation (in this projected form and as verbally presented) (“Presentation”) has been prepared by Nelson Resources Limited and is provided onthe basis that none of the Company nor its respective officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives andadvisers make any representation or warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained inthe Presentation and nothing contained in the Presentation is, or may be relied upon as a promise, representation or warranty, whether as to the past orthe future. The Company hereby excludes all warranties that can be excluded by law.

The Presentation contains prospective financial material which is predictive in nature and may be affected by inaccurate assumptions or by known orunknown risks and uncertainties and may differ materially from results ultimately achieved.

The Presentation contains “forward-looking statements”. All statements other than those of historical facts included in the Presentation are forward-looking statements. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief isexpressed in good faith and believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors,which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risksinclude, but are not limited to, gold and other metals price volatility, currency fluctuations, increased production costs and variances in ore grade orrecovery rates from those assumed in mining plans, as well as political and operational risks and governmental regulation and judicial outcomes. TheCompany does not undertake any obligation to release publicly any revisions to any “forward-looking statement”.

The Presentation contains general background information about the Company and its activities current as at the date of this presentation. Theinformation in this Presentation is in summary form only and does not contain all the information necessary to fully evaluate any transaction orinvestment. It should be read in conjunction with the Company’s other periodic and continuous disclosure announcements lodged with the ASX, which areavailable at www.asx.com.au and other publicly available information on the Company’s website at www.nelsonresources.com.au.

The information in this Presentation that relates to Exploration Results is based on information compiled by Mr Simon Coxhell who is a Member of theAustralian Institute of Geoscientists. Mr Coxhell is engaged by Nelson Resources Limited as a consultant. Mr Coxhell has sufficient experience which isrelevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a CompetentPerson as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’.

The Exploration Potential described in this Presentation is conceptual in nature, and there is insufficient information to establish whether furtherexploration will result in the determination of a Mineral Resource. Mr Coxhell consents to the inclusion in this Presentation of the matters based on hisinformation in the form and context in which it appears.

This announcement contains references to exploration results which have been cross-referenced to previous market announcements by the Company. TheCompany confirms that it is not aware of any new information or data that materially affects the information included in the relevant market. Wherereferences are made to previous exploration results by other companies these have references to the source documents.

All amounts in A$ unless stated otherwise.

Disclaimer & Cautionary Statement

Company Information

Capital Structure (ASX: NES) Board & Technical TeamShares on issue 45,592,846 Non-Exec Chairman Warren HallamShare price $0.05 CEO Adam SchofieldMarket capitalisation $2.28M Non-Exec Director Stephen BrockhurstCash and Working Capital $993K ** Company Secretary Stephen BrockhurstDebt Nil Senior Geologist Simon Coxhell

Geologist Albert RiehmTop 10 Shareholdings Geologist Alexandra Galisson

HSBC Custody Nom Aust Ltd * 10.25%

Metals X Ltd * 10.36%

RF Cap PL 8.13%

Jewson Robert Andrew * 6.03%

Trust Co Aust Ltd * 5.58%

Gianni Peter Romeo * 5.47%

Croseus Mining PL 3.62%

Ajava Hldgs PL 3.29%

Cairnglen Inv PL * 2.92%

Farleigh Richard 2.74%

* Denotes merged holders * *As at 31/03/19

• Listed on the ASX (NES) since December 2017• Tightly held corporate structure with 45,592,846 shares on issue• 4 wholly owned gold projects

Albany Fraser Province, Eastern Goldfields and Fortnum Area• Emphasis on consolidating Sipa / Newmont Woodline project tenure

and data (>$11m) – 20km² to 656km² in 18months.• Potential for a Tropicana scale gold deposit within the Woodline

project.

Company Overview

Project Overview • Albany Fraser

Province / Yilgarn Craton

• Woodline

• Eastern Goldfields • Wilga Well• Yarri

• Fortnum • Fortnum Project

Exploration to dateSocrates• Nelson:

4458m RC Drilling• Sipa / Newmont:

3046m RC Drilling • Ground MAG• Downhole Geophysics• Drone surveys• Notable intercepts *

• 1m @ 142 g/t Au 192m @ 0.5 g/t Au 8m @ 3.53 g/t Au 25m @ 2.06 g/t Au

* as previous announced: ASX NES 17/09/2018

* * as previous announced: ASX NES 21/01/2019

*** WAMEX A78306

Yarri• Nelson:

10580m RC Drilling• Historical:

2345m RC Drilling• Ground MAG• Drone surveys

• Notable intercepts * *• 8m @ 18.1 g/t Au

incl. 3m @ 44.1 g/t• 9m @ 14.6 g/t Au

incl. 4m @ 30.2 g/t• 6m @13.2 g/t Au

incl. 1m @ 69.9 g/t Au

Wilga Well• Nelson:

175 Auger samples• Historical:

400m RAB Drilling 321m RC Drilling

• Notable intercepts * * *

• 10m @ 16.5 g/t Au• 4m @ 5.5 g/t Au• 2m @ 12.3 g/t Au

Woodline Project Location

• 170 km south-east of Kalgoorlie

• Project area: 656 km2

• Tropicana Gold Belt - Transition zone between the Archean Yilgarn-Craton & Proterozoic Albany-Fraser Orogen (South-eastern portion of the Woodline project)

• Tropicana: 7.7 Moz Au (AngloGold Ashanti)• Beachcomber: 3m @ 66g/t Au (AngloGold Ashanti)• Corvette: 3m @ 40g/t Au (Corvette Resources)

• Archean Greenstones - typical rock types that host very large Gold deposit (Northern portion of the Woodline project)

• Kanowna Belle: > 6.4 Moz Au • St. Ives: > 10 Moz Au

Previous Exploration

• 14,511 auger samples

• 3961 RAB- Aircore Holes

• 77 RC holes

• Aeromagnetics

• 800 x 400m gravity survey

• Orthophoto & DEM

• IP Survey over Socrates

• Bedrock geological Interpretation

Woodline – Geochemical Anomaly

Redmill / Grindall / Harvey ProspectsPrevious Exploration

• Gold anomaly over 20km• RAB/AC Drilling

• Redmill: 200 x 50m spacing + 66 AC holes• Grindall:

South – 150-200 x 50m spacingNorth – up to 1km x 200m spacing

• Harvey: North-west 200 x 50 m spacing

• RC Drilling• Redmill: 27 holes (3175m)• Grindall: 12 holes (1505m)• Harvey: 14 holes (955m)

Proposed Exploration

• Identify and extend mineralisation strike over geochemical Gold anomalies (>50 ppb) over Redmill / Grindall and Harvey Prospects

• Redmill: RC Drilling - 2700 metres

• Grindall: RC Drilling - 2800 metres

• Harvey: RC Drilling - 2500 metres

Socrates Prospect Previous Exploration

• RAB/AC Drilling • 200 x 25m spacing • 37 Holes – infill of RAB Lines in the

south-west

• RC Drilling• Sipa: 23 Holes (3046m)• Nelson: 41 Holes (4458m)

Proposed Exploration

• AC Drilling West, North and South of Socrates – extend in strike and verify geochemical Gold anomaly

• 3500 metres

• RC Drilling East of Socrates to identify mineralisation in fresh rock over geochemical Au anomaly and magnetic anomaly

• 1200 metres

Value Proposition• Primed to discover the next Tropicana scale deposit

• Target exploration footprint larger than Tropicana

• Exploration approach is consistent with that used to discover Tropicana

• Methodically explored up to a 1km spaced drill lines by Sipa / Newmont

• Previous expenditure by Sipa / Newmont in excess of $11m

• Above data held by Nelson

• EM expected to deliver drill targets based on Tropicana success

• Walk up drilling targets with significant exploration commencing in the next quarter

• Nelsons goal is to replicate IGOs success within the Albany Fraser Range

• Large landholding accumulated with “company making” tenure within the 656km2 Woodline project

Tropicana Mining. Source: IGO.(https://www.igo.com.au/site/our-business/images-video-gallery/operational-photos)

REGISTERED OFFICE

Level 11, London House

216 St Georges Terrace

PERTH, WA 6000

TEL: +61 (8) 9481 0389

EMAIL: info@nelsonresources.com.au

WEB: www.nelsonresources.com.au

SOLICITORS

Price Sierakowski Corporate

Level 24, St Martin’s Tower

44 St Georges Terrace

PERTH, WA 6000

AUDITORS

Criterion Audit Pty Ltd

Suite 1 GF

437 Roberts Road

SUBIACO, WA 6008

SHARE REGISTRY

Security Transfer Registrars

770 Canning Highway

APPLECROSS, WA 6153