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"Exploring Australia for the Energy Metals of the Future"

Metals & Mining Day

March 2022

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Competent Person's Statement & Disclaimer

Competent Persons Statement - Exploration Results

The information in this Presentation that relates to Exploration Results is based on information compiled by Mr Ashley Jones, an employee of Bryah Resources Limited ("the Company"). Mr Jones is a member of the Australasian Institute of Mining and Metallurgy (AusIMM). Ashley Jones 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 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources

and Ore Reserves'. Ashley Jones consents to the inclusion in this Presentation of the matters based on his information in the form and context in which it appears.

onlyCompetent Person Statement - Mineral Resource Estimation

The information in this presentation that relates to Mineral Resources (see BYH ASX announcement dated 29 January 2020) is based on and fairly represents information compiled by Mr Ashley Jones, a full-time employee of Bryah Resources Limited ("the Company"). Mr Jones is a member of the Australasian Institute of Mining and Metallurgy (AusIMM)..

The information in this presentation that relates to Gabanintha Base metals Mineral Resources (see BYH ASX announcement dated 1st June 2021) is based on and fairly represents information compiled by Mr Lauritz Barnes, (Consultant with Trepanier Pty Ltd) and Mr Brian Davis (Consultant with Geologica Pty Ltd). Mr Barnes and Mr Davis are both members of the Australasian Institute of Mining and Metallurgy (AusIMM) and the Australian Institute of Geoscientists (AIG). Both have sufficient experience of relevance to the styles of mineralisation and types of deposits under consideration, and to the activities undertaken to qualify as Competent Persons as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Specifically, Mr Barnes is the Competent Person for the estimation and Mr Davis is the Competent Person for the database, geological model and site visits.

The information in this announcement that relates to Manganese Mineral Resources is based on and fairly represents information compiled by Mr Lauritz Barnes, (Consultant with Trepanier Pty Ltd), Dr Joe Drake-Brockman (Consultant with Drake-Brockman Geoinfo Pty Ltd) and Ms Gemma Lee (Principal Geologist with Bryah Resources). Mr Barnes, Dr Drake-Brockman and Ms Lee are members of the Australasian Institute of Mining and Metallurgy (AusIMM) and/or the Australian Institute of Geoscientists (AIG). All have sufficient experience of relevance to the styles of mineralisation and types of deposits under consideration, and to the activities undertaken to qualify as Competent Persons as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Specifically, Mr Barnes is the Competent Person for the estimation, Dr Drake-Brockman is the Competent Person for the geological model and site visits and Ms Lee is the Competent Person for the geological database. Mr Barnes, Dr Drake-Brockman and Ms Lee consent to the inclusion in this announcement of the matters based on their information in the form and context in which they appear

useForward Looking Statements

The Company confirms that it is not aware of any new information or data that materially affects the information included in this presentation and all material assumptions and technical parameters underpinning the Mineral Resource estimates continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons findings are presented have not materially changed from the original announcement.

This presentation is for information purposes only. Neither this document nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This Presentation may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply in their own jurisdiction. A failure to do so may result in a violation of securities laws in such jurisdiction. This document does not constitute investment advice nd has been prepared without taking into account the recipient's investment objectives, financial circumstances or particular needs and the opinions and recommendations in this representation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments. No responsibility for any errors or omissions from this

document arising out of negligence or otherwise is accepted.

The presentation contains "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information may include, but is not limited to, information with respect to the future financial and operating performance of the Company, its affiliates and subsidiaries, potential investments, the estimation of mineral reserves and mineral resources, realization of mineral reserves and resource estimates, costs and timing of development of the Company's projects, costs and timing of future exploration, timing and receipt of approvals, consents and permits under applicable legislation, results of future exploration and drilling and adequacy of financial resources.

F rward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management of the Company made in light of their experience and their perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The Company believes that the assumptions and expectations reflected in such forward-looking information are reasonable.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking

information, except in accordance with applicable securities laws.

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Corporate Snapshot

Capital Structure

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BYH

ASX Code

Total Shares on Issue

226,207,175

Options on Issue*

71,000,000

Market Capitalisation (@ $0.058)

$13.1 million

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$2.3 million

Cash Balance (as at 31st Dec 21)

7,500,000 Unlisted Options - ex. price $0.09, expiry 30 September 2022.

63,500,000 Listed Options (BYHOA) - ex price $0.09 expiry 31 Jan 2023.

Active Shareholders - ~1,150

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36.6%

Top 20 Holders, includes:

- Board and Management

4.7%

- Australian Vanadium Ltd (ASX:AVL)

4.97%

ASX: BYH

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Our Projects

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"Our Projects are quality exploration assets in Western Australia, a Tier 1 exploration jurisdiction"

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Projects with Production Potential

onlyuse ersonalASX: BYH

  • 49% of Mn JV with OM Holdings (ASX: OMH)
    1. Mineral Resource Estimates to underpin Mining Lease applications
  • 20% holding in Star Minerals (ASX: SMS)
    1. Aggressive development of the Tumblegum South gold Resource - target to produce within 1 year of listing
  • Cu, Ni and Co resource in tails of the Australian Vanadium Project (ASX: AVL)
    1. 31.1 Million Tonnes at 761 ppm Ni, 210ppm Cu and 269ppm Co
  1. BFS due soon from AVL
  1. Value can be achieved when AVL starts production

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Disclaimer

Bryah Resources Ltd. published this content on 03 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2022 03:29:03 UTC.