Manas Resources : is pleased to provide its investor presentation for December 2018.

Disclaimer & Cautionary Statement

This Presentation has been prepared as a summary only and does not contain all information about Manas Resources Limited's ("MSR" or the "Company") assets and liabilities, financial position and performance, profits and losses, prospects and rights and liabilities. The information in this Presentation and made to you verbally is subject to updating, completion, revision, further verification and amendment without notice.

The information contained in this Presentation or subsequently provided to the Recipient of this Presentation whether orally or in writing by or on behalf of MSR or its employees, agents or consultants ("Information") is provided to the Recipients on the terms and conditions set out in this notice. The purpose of this Presentation is to provide Recipients with Information relating to MSR. The Presentation has been prepared by MSR and each Recipient must make his/her own independent assessment and investigation of MSR and its business and assets and should not rely on any statement or the adequacy and accuracy of any Information contained in this Presentation.

MSR makes no representation or warranty (express or implied) as to the accuracy, reliability or completeness of the Information. MSR and its directors, employees, agents and consultants shall have no liability (including liability to any person by reason of negligence or negligent misstatement) for any statements, opinions, information or matters (express or implied) arising out of, contained in or derived from, or for any omissions from the Presentation, except liability under statue that cannot be excluded.

The performance and operations of MSR may be influenced by a number of factors, many of which are outside the control of MSR. No representation or warranty, express or implied, is made by MSR or any of its directors, officers, employees, advisers or agents that any intentions, expectations or plans will be achieved either totally or partially or that any particular rate of return will be achieved. This Presentation does not constitute in any way an offer or invitation to subscribe for securities in MSR pursuant to the Corporations Act.

Statements regarding MSR's plans with respect to its mineral properties are forward-looking statements. There can be no assurance that MSR's plans for development and or sale of its mineral properties will proceed as currently expected. There can also be no assurance that MSR will be able to confirm the presence of mineral deposits, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of Manas Resources' mineral properties.

The scientific and technical information contained within this Presentation is based on, and fairly represents information prepared by Mr. Christopher MacKenzie, a Competent Person who is a Chartered Geologist and a Fellow of The Geological Society of London. Mr. MacKenzie is the Chief Executive Officer of Manas Resources Limited and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resource and Ore Reserves". Mr

MacKenzie consents to the inclusion in this presentation of the matters based on his information in the form and context in which it appears. For further information please refer to ASX : MSR releases dated 18 May 2018, 08 August 2018 and 13 November 2018 and the ASX : MSR Quarterly Activities Report dated 29 October 2018.

MANAS: Why invest?

• • Highly experienced team with proven track record of discovery: resource definition & development of gold deposits (> 10Moz Au in four countries);

• • Ground holding covers > 2,000km2 of prospective gold belts in Côte d'Ivoire, an attractive investment destination with stable fiscal regime & recent mining code;

• • Flagship M'bengué Gold Project (MGP) < 10km from the largest gold mine in the country: prospectivity and recent diamond drilling results suggest excellent potential for discovery;

• • Leading mine developer has taken a strategic position in the Company;

• • Strong cash reserves of AUD $9.2M* enabling flexible approach to project development.

• • * As at 30th September 2018

MANAS: Explorer and Project Generator

• • Target prospective but underexplored acquisitions by option / earn-in: conserve cash for exploration;

• • Low overhead operating model - maximise money spent in the ground and move quickly;

• • Reduce risk - focus on stable Countries but consider multiple jurisdictions;

• • Build on other peoples work - fresh eyes reveal hidden targets;

• • Plan the exit strategy early - treat exploration as a business;

• • Maintain strong cash balance - enables opportunistic decisions.

MANAS: People & Corporate Snapshot

Alan Campbell - Non-Executive Chairman

• • 30+ years in global exploration and mining for major and junior companies;

• • Former MD of Papillon Resources which was acquired by B2 Gold.

Chris MacKenzie - Chief Executive Officer

• • Chartered Geologist with 25+ years in exploration and mining;

• • Co-founder and former Executive Chairman of Helio Resource Corp..

Mark Calderwood - Non-Executive Director

• • 30+ years in gold exploration and mining;

• • Former MD of Perseus Mining. Current MD of Tawana Resources.

Dave Kelly - Non-Executive Director

• • 30+ years in the mining sector, significant experience in investment banking and as a corporate advisor;

• • Currently GM, Corporate Strategy at Resolute Mining.

Susmit Shah - Company Secretary & Non-Executive Director

• • Chartered accountant with 25+ years experience as director and advisor;

• • Significant African experience.

Capital Structure
Share price (ASX: MSR)	$0.004
Ordinary shares on issue1	2,643M
Market capitalisation	~$10.6M
Cash (30-Sep-18)	$9.2M
Enterprise value	~$1.4M

Note 1: Other securities on issue: 30m options exercisable at $0.005 & 40m options exercisable at $0.0075

• • "Mine finding" Board and management team with track record of success and delivery;

• • Two mining companies - Resolute (ASX:RSG) and Perseus (ASX:PRU) - are supportive shareholders with extensive operational experience across Africa.