Mayur Renewables Strategic Partnership Conference Call

ASX Announcement

20 June 2022

onlyMayur Resources Limited (ASX:MRL) (Mayur or the Company) advises that it will be hosting a conference call to discuss today's landmark announcement of Mayur Renewables' strategic partnership with Santos Limited.

Paul Mulder (Managing Director) and Tim Crossley (Executive Director) will discuss the executed Expression of Interest (EOI) to pursue the development of nature-based carbon offset projects in PNG at 9.00am AEST on Tuesday

use21 June 2022. The conference call will include Q&A participation capacity.

Please note that attendees are required to pre-register for the call via the following link: https://s1.c-conf.com/diamondpass/10022937-sgtd6c.html

Attendees will receive dial-in details upon completion of the brief pre-registration.

personal

A recording of the call will also be available on Mayur's website (www.mayurresources.com) later that day and can

be accessed at any time.

This announcement was authorised by the Board of Mayur Resources Limited.

For more informa�on:

Paul Mulder

Michael Vaughan

Managing Director

Fivemark Partners

Phone +61 (0)7 3157 4400

Mobile: +61 422 602 720

info@mayurresources.com

michael.vaughan@fivemark.com.au

ABOUT MAYUR

For

Mayur Resources is focused on the development of natural resources in Papua New Guinea. Our diversified asset por�olio spans iron sands, lime and cement, batery minerals and renewable power genera�on. Mayur also holds a 43% interest in copper gold explorer/developer Adyton Resources, a company listed on the TSX-V (TSXV:ADY).

Mayur's strategy is to serve PNG and the wider Asia Pacific region's path to decarbonisa�on by developing mineral projects that deliver higher quality, lower cost, and "net zero" inputs for the mining and construc�on industries, as well as construc�ng a renewable energy por�olio of solar, wind, geothermal, carbon mi�ga�on, and batery storage.

Mayur is commited to engaging with host communi�es throughout the lifecycle of its projects, as well as incorpora�ng interna�onally recognised Environmental, Social and Governance (ESG) standards into its strategy and business prac�ces.

Level 7, 300 Adelaide Street

Brisbane Queensland

4000

Phone +61 (0)7 3157

4400

Mayur Resources Limited | ARBN 619 770 277 | ASX: MRL

mayurresources.com

onlyuseMayur

Renewables

ersonalCarbon credits and renewable energy in Papua New Guinea

Investor Presentation

June 2022

InvestorPresentation 2

Disclaimer

This presentation has been prepared by Mayur Resources Limited ARBN 619 770 277 ("Mayur" or the "Company").

onlyNo representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of Mayur, its related bodies corporate, shareholders or respective directors, officers, employees, agents or advisors, nor any other person accepts any liability, including, without limitation, any liability arising out of fault or negligence for any loss arising from the use of information contained in this presentation.

The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision.

Please note that, in providing this presentation, Mayur has not considered the objectives, financial position or needs of any particular recipient. Mayur strongly suggests that investors consult a financial advisor prior to making an investment decision. It may not be reproduced, disseminated, quoted or referred to, in whole or in part, without the express consent of Mayur.

useThis presentation includes "forward looking statements" within the meaning of securities laws of applicable jurisdictions. Forward looking statements can generally be

id ntified by the use of the words "anticipate", "believe", "expect", "project", "forecast", "estimate", "likely", "intend", "should", "could", "may", "target", "plan" "guidance" and other similar expressions. Indications of, and guidance on, future earning or dividends and financial position and performance are also forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Mayur and its officers, employees, agents or associates, that may cause actual results to differ materially from those expressed or implied in such statement. Actual results, performance or achievements may vary materially from any projections and forward looking statements and the assumptions on which those statements are based. Readers are cautioned not to place undue reliance on forward looking statements and Mayur assumes no obligation to update such information. Specific regard (amongst other things) should be given to the risk factors outlined in this presentation.

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This presentation is not, and does not constitute, an offer to sell or the solicitation, invitation or recommendation to purchase any securities and neither this presentation nor

nything contained in it forms the basis of any contract or commitment.

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IFRS

Non IFRS Measures - the Company supplements its financial information reporting determined under International Financial Reporting Standards (IFRS) with certain non

ancial measures, including cash operating costs, All In Sustaining Cost, EBITDA, NPV, IRR and project payback. The Company believes that these measures provide

additional meaningful information to assist

management, investors and analysts in understanding the financial results and assessing our prospects for future performance.

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FACT Climate change is one of the most pressing problems facing the world today

SIGNIFICANT

SCOPE 1 AND 2

GHG EMISSION

REDUCTIONS REQUIRED

SWITCH TO

Maximise RENEWABLEENERGY

AS A PRIORITY

NET ZERO

CO2

IS CRITICAL

VIA ALL MEANS

InvestorPresentation 3

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It is understood

that the

world's oceans and forests combined

absorb the

Majority

of CO2 produced

InvestorPresentation 4

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Mayur Resources Ltd. published this content on 20 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 June 2022 07:53:01 UTC.