Montem Resources : Investor Presentation - December 2021

ersonal use only

Tent Mountain

Renewable

Energy Complex

(TM-REX)

Investor Presentation

DECEMBER 2021

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NOT FOR DISTRIBUTION INTO US OR FOR US PERSONS

Disclaimer

This presentation has been prepared by Montem Resources Limited ("Montem", "MR1" or "the Company") in relation to MR1's placement ("Placement") of new fully paid ordinary shares in MR1 ("New Shares") to certain institutional and sophisticated investors in accordance with section 708A of the Corporations Act 2001 (Cth). Petra Capital Pty Ltd ("Petra") has been

onlyappointed as sole lead manager and sole bookrunner to the Offer ("Lead Manager"). This presentation contains summary information only regarding MR1 and its activities as at 15 December 2021. The information is of a general nature and does not purport to be complete or comprise all information which a shareholder or potential investor may require in order to determine whether to deal in MR1 shares. It should be read in conjunction with MR1's other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange ("ASX"), which are available at www.asx.com.au.

Not an offer

This presentation does not constitute an offer of any securities in MR1, in any jurisdiction, nor an invitation to apply for such securities, in any jurisdiction, and will not form part of any contract for usethe acquisition of MR1 shares. This presentation is not a prospectus, disclosure document or

other offering document under Australian law or under any other law.

Restrictions

This presentation has been prepared for publication in Australia and may not be released to US wire services or distributed in the United States. The New Shares have not been, and will not be, registered under the US Securities Act of 1933 (the "US Securities Act") and may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration requirements of the US Securities Act and applicable US state securities laws. The distribution of this presentation in the United States and elsewhere outside Australia may be restricted by law.

ersonalPersons who come into possession of this presentation should observe any such restrictions as ny non-compliance could contravene applicable securities laws. Please refer to the section of

this document headed "International Offer Restrictions" for more information.

Not financial product advice

This presentation does not provide investment advice or financial product advice. You should obtain professional advice and carry out your own independent investigations and assessment of the information in this presentation (including any assumptions) before acting. Before making an investment decision to acquire shares in the Company, you should consider the appropriateness of available information, including the Company's other periodic and continuous disclosure announcements lodged with ASX, having regard to your own investment objectives, financial position and particular needs, and seek professional advice from your accountant, tax adviser, stockbroker, lawyer, or other professional adviser.

No representation or warranties

The Company makes no representation and gives no warranties (express or implied) in relation to any information, opinions and conclusions contained in this presentation. The truth, accuracy or completeness of any information provided by the Company in this presentation is not assured or warranted and no responsibility or liability is accepted by the Company, its related bodies corporate or its directors, officers and advisors for any reliance placed on such information. To the fullest extent permitted by law, none of the Company and its related bodies corporate, or their respective directors, employees, agents or advisers, nor any other person, accepts liability for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it, including without limitation, any liability from fault or negligence on the part of the Company, its related bodies corporate or any of their respective directors, employees, agents or advisers. MR1 accepts no responsibility to update any person regarding any inaccuracy, omission or change in information in this presentation or any other information made available to a person, nor any obligation to furnish the person with any further information.

Past and future performance

Past performance of the Company, including share price performance, should not be relied upon as an indicator of future performance.

This presentation also contains certain statements which may constitute "forward-looking statements." Wherever possible, words such as "intends", "expects", "scheduled", "estimates", "anticipates", "believes", and similar expressions that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, have been used to identify these forward-looking statements. Such statements are only expectations or beliefs and are subject to inherent risks and uncertainties which could cause actual values, results or performance to differ materially from those expressed or implied in this presentation. No representation or warranty, express or implied is made by MR1 that any forward-looking statement contained in this presentation will occur, be achieved or prove to be correct. You are cautioned against relying upon any forward-looking statement.

Investment Risk

An investment in shares in MR1 (including New Shares) is subject to investment and other known and unknown risks, some of which are beyond the control of MR1. Shareholders and prospective investors should have regard to the risks outlined in this presentation, including the "Key Risks" section of this presentation, when making their investment decision.

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Disclaimer continued

Eligibility
Determination of eligibility of investors for the purposes of the Placement is determined by
reference to a number of matters, including legal requirements, logistical and registry constraints
and the discretion of MR1 and the Lead Manager. MR1, the Lead Manager and their respective
related bodies corporate, directors, officers and advisers, disclaim any duty or liability (including
for negligence) in respect of that determination and the exercise or otherwise of that discretion, to
the maximum extent permitted by law. For the avoidance of doubt, the Placement is not
underwritten.
The Lead Manager may rely on information provided by or on behalf of institutional investors in
connection with managing and conducting the Placement without having independently verified
that information and the Lead Manager does not assume responsibility for the accuracy
onlyr completeness of that information. The Lead Manager may have interests in the securities of
the Company, including by providing corporate advisory services to the Company. Further, the
Lead Manager may act as market maker or buy or sell those securities or associated derivatives
as principal or agent. The Lead Manager may receive fees for acting in it's capacity as lead
manager.
Market and industry data
This presentation contains information relating to the industries, segments and markets in which
the Company operates ("Industry Data"). Unless otherwise stated, this information has been
prepared by the Company using both publicly available data and its own internally generated
usedata. The Company's internally generated data is based on estimates and assumptions that the
directors and management of the Company believe are reasonable. In addition to the Industry
Data, the presentation contains third party market data, estimates and projections. There is no
ssurance regarding the accuracy of such information and the third party information, and the
Industry Data, has not been independently verified by the Company.
Financial data
All dollar values are in Australian dollars ("$" or "A$" or "AUD") unless stated otherwise.
Acknowledgement and agreement
By accepting, accessing or reviewing this presentation, you acknowledge and agree to the terms
set out in this "Disclaimer" section of this presentation and in the ''International Offer Restrictions"
section of this presentation
Information in this presentation remains subject to change without
notice.
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Table of Contents

only	1.	Offer Summary
2.	Montem Overview
3.	Tent Mountain Renewable Energy Complex
4. Montem: Coal Asset Update
use	5.	Key Risks
6.	Offer Restrictions
	7.	Appendix 1: TM-PHES details
ersonal	8.	Appendix 2: Green Hydrogen pathway
	NOT FOR DISTRIBUTION INTO US OR FOR US PERSONS

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Investment highlights

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• Feasibility studies to develop Tent Mountain Project in Alberta into a renewable energy complex (TM- REX), to be completed in 2022
• Studies to date show attractive commercial potential for Pump Hydroelectric Energy Storage at Tent Mountain (TM-PHES) , with the option to co-locate with Wind Power and Green Hydrogen generation
• Water reservoirs at Tent Mountain, in conjunction with the change in elevation between the reservoirs (300m drop or "head"), offer unique opportunity for PHES
• Alberta's unregulated power market needs solutions for grid stability as it shuts baseload coal fired power plants, and transitions to renewables (inherently intermittent supply)
• Funding of feasibility through A$3 million placement at A$0.051 per share
• Montem has applied for C$5 million in Federal funding through Canada's Clean Fuels Fund, anticipated to be awarded at the end of Q1 2022

NOT FOR DISTRIBUTION INTO US OR FOR US PERSONS

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