Crusader Resources : Presentation – Brazilian Gold – Clear Path to Production

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Brazilian Gold

Clear path to production

N o v e m b e r / D e c e m b e r 2 0 1 7

Disclaimer

The information provided in this presentation is of a general nature only. Although it has been prepared in good faith with all due care there can be no guarantee that it will continue to be accurate in the future. No one should act or rely upon the information but should undertake their own independent due diligence or seek appropriate professional advice. To the extent permitted by law Crusader Resources Limited ("Crusader") excludes all liability from any statement in, or omission from, this presentation. Nothing in this presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell Crusader securities in any jurisdiction.

Forward Looking Statements

This presentation may contain certain forward looking statements and projections regarding:

estimated resources and reserves;

planned production and operating costs profiles; planned capital requirements; and

planned strategies and corporate objectives.

Such forward looking statements/projections are estimates for discussion purposes only and should not be relied upon. They are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Crusader.

The forward looking statements/projections are inherently uncertain and may therefore differ materially from results ultimately achieved.

Crusader does not make any representations and provides no warranties concerning the accuracy of the projections, and disclaims any obligation to update or revise any forward looking statements/projections based on new information, future events or otherwise except to the extent required by applicable laws.

Competent Person Statement

Borborema mineral resource estimate

The information in this presentation that relates to the mineral resource estimate for the Borborema Project was first reported in accordance with ASX Listing Rule 5.8 on 24 July 2017. Crusader confirms that it is not aware of any new information or data that materially affects the information included in the announcement of 24 July 2017 and that all material assumptions and technical parameters underpinning the Mineral Resource estimate continue to apply and have not materially changed.

Borborema ore reserve estimate

The information in this presentation that relates to the Ore Reserve estimate for the Borborema Project was first reported in accordance with ASX Listing Rule 5.9 on 24 July 2017. Crusader confirms that it is not aware of any new information or data that materially affects the information included in the announcement of 24 July 2017 and that all material assumptions and technical parameters underpinning the Ore Reserve estimate continue to apply and have not materially changed.

Juruena minera resource estimate

The information in this presentation that relates to the Mineral Resource estimate for the Juruena Project was first reported in accordance with ASX Listing Rule 5.8 on 22 December 2016. Crusader confirms that it is not aware of any new information or data that materially affects the information included in the announcement of 22 December 2016 and that all material assumptions and technical parameters underpinning the Mineral Resource estimate continue to apply and have not materially changed.

Exploration results

The information in this presentation relating to exploration results for the Borborema Project and the Juruena Project is based on and fairly represents information and supporting information compiled by Mr Robert Smakman. Mr Smakman is the former Managing Director of the Company, and is presently engaged on a contractor basis. Mr Smakman is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Smakman has consented to the form ad context in which the exploration results and supporting information are presented in this announcement. Crusader notes that the exploration results for the Borborema Project were first reported in accordance with the 2004 edition of the JORC Code and have not been updated subsequently on the basis that the information has not materially changed since it was last reported. The exploration results for the Juruena Project were first reported in accordance with the 2012 edition of the JORC Code.

Crusader Resources

Overview

CREATING AN

INDEPENDENT GOLD PRODUCER AND EXPLORER

• Focus on Brazil and developing countries

• Leverage Management expertise

  • Newly appointed MD - Marcus Engelbrecht

  • Experienced Brazilian technical team

• Undervalued - value uplift through development and exploration

• Seeking UK dual listing - access to new investors

• Significant blue sky exploration potential in portfolio

• Targeting growth through development and acquisition of accretive opportunities which:

  • Are undercapitalised and require funding

  • Have opportunities to resolve technical or social issues

  • Are near on in-production gold assets

  • AISC

Proven Management Team