Management, Strategy & Projects

1. Management, Strategy & Projects David Mendelawitz Managing Director August 2013

2. Important Information This presentation contains certain “forward‐looking statements”. All statements, other than statements of historical fact, that address activities, events or developments that Cleveland Mining Company Limited (“Cleveland” or the “Company”) believes, expects or anticipates will or may occur in the future are forward‐looking statements. Forward‐looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “target”, “expect”, and “intend” and statements that an event or result “may”, “will”, “can”, “should”, “could”, or “might” occur or be achieved and other similar expressions. These forward‐looking statements reflect the current internal projections, expectations or beliefs of Cleveland based on information currently available to Cleveland. Forward‐looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by Cleveland with securities regulatory authorities, that may cause the actual results of Cleveland to differ materially from those discussed in the forward‐looking statements, and even if such actual results are realised or substantially realised, there can be no assurance that they will have the expected consequences to, or effects on Cleveland. Cleveland expressly disclaims any obligation to update or revise any such forward-looking statements.

3. Investment Highlights • Experienced team with clear strategy & significant ‘skin in the game’ • Located in a region with a strong mining culture, large skilled labour pool and extensive mine service providers • Development risk now largely removed with mine ramp up progressing well as the Premier mine transitions into production • Now positioned for game-changing growth through exploration upside and/ or acquisition • Strategy designed to mitigate variable market conditions • Track record of “fast track” success ▲ Location of Cleveland Projects

4. Why Gold in Brazil? Brazil • Traditional mining country • Low sovereign risk • Acceptable royalties and taxes • Low cost energy, labour, on-costs Gold • Low barriers to entry • High potential profit margin in right jurisdiction • Easy to understand • Easy to sell • Constant strong demand • Declining world in-ground resources

5. Start Small to Build Strong Foundations • Establish strong relationship with local partner – Edificia Participações • Low technical risk development funded by equity to minimise debt servicing pressure • Room to understand environment – what affects budgets and schedules – what can and can’t be done • Time to pull together a team • Sort out teething issues • Strong foundation for growth

6. From Concept to Cash Flows in 3 Years • Starting with no resource, no team, no permits and minimal funds, Cleveland has: • Secured projects • Identified a resource • Designed and licensed the project • Built a team and solid understanding of Brazil • Established production • Secured a growth horizon • Within FY13/14 Cleveland will have: • Stabilised production • Established profitability • Commenced expansion

7. A Mine Built in Six Months ▲Premier Mine June 2012 ▲Premier Mine February 2012 Premier Mine June 2013

8. Premier Gold Mine Stage 1(ongoing) • 50:50 Joint Venture with Edifica Participações • Mining and production commenced • 40tph processing capacity • Installed plant capability to deliver 10,000oz – 20,000oz with current ore (1.0 – 3.0 gt) and 60% recovery. • 34,000t @ 1.79gt of crushed or containing approx. 60kg of gold on ROM currently being processed. Achieving >60% recovery Stage 2 (Q4 2013 – Q1 2014) • Introduction of higher-grade material from Premier and O Capitão (3.0 – 10.0 gt) • Addition of cyanide and floatation circuit to increase recovery from 60% to 90%+ Stage 3 • Expansion of resources through further drilling and possible acquisition of other gold projects held in immediate region

9. Easy Mining with Exploration Upside • Initial ‘Foundation” Inferred Resource of 1.96mt @ 1.41 g/t for 89,000 ounces defined to underpin production start and payback of investment • Early access to high grade mineralisation • Ore-body is outcropping and shallow dipping • Open along strike and down dip • Unit repeats below and an order of magnitude thicker • Multi million ounce prospectivity demonstrated through drilling, geophysics, soil sampling and mapping

10. O Capitão Gold Project Resource expansion potential • Less than 10km from Premier Mine • Site of large artisanal mine (5-10t Au extracted by hand) • Two mineralised areas identified: • Lavra • Dona Maria • Multiple stacked lodes identified with significant high-grade intercepts, Including: Lavra • 1.30m @ 14.29 g/t Au from 44.7m • 2.00m @ 17.21 g/t Au from 39.0m Dona Maria • 11.00m @ 1.01 g/t Au from 51.00m to 62.00m • 4.40m @ 3.55 g/t Au from 91.00m to 95.40m • Planning for processing at Premier Mine Dona Maria Dona Maria Lavra Lavra Premier 9km

11. Premier Gold Mine – The Next 18 Months

12. Multiple Sources of Ore • Current production from ROM stockpiles • Open pit mining re-commencing Q4 • Relatively low reliance on underground sources

13. Premier Financial Metrics – Targets Based on 1H2014 production targets @ 7,000 ounces per Qtr • Tonnes processed 70,000 / qtr with average head grade 3.22 g/t • Processing recovery at 90% • Brazil C1 cash cost target A$400 per ounce • Australian Head Office expense target A$125 per ounce • Sustaining CapEx and exploration expense target A$100 per ounce • Cleveland JV profit share 70/30 reducing to 50/50 as JV funding debt repaid by Edifica to Cleveland

14. Growth Potential Gold • Mara Rosa Gold Project • 100 km from Crixas • Strike extension of Amarillo Gold Corps 1.2m ounce Posse Deposit Iron Ore • Alliance with BC Iron • 3 Projects comprising 80 tenements • Early stage iron ore Exploration on highly prospective ground • Strategically located next to developing Port and Rail Infrastructure

15. Company Overview and Capital Structure Cleveland Mining Company Ltd. (ASX:CDG) Major Shareholders Mrs Sarah L. Mendelawitz 20.93% Mr Wang Zhe 6.00% BC Iron (SA) Pty Ltd. 4.39% FinookPty Ltd 3.40% PenwerrisPty Ltd 2.56% • Board of Directors • Don Bailey - Non-Executive Chairman • David Mendelawitz – Managing Director • Russell Scrimshaw – Non-Executive Director • Jim Williams – Non-executive Director

16. Competent Person’s Statement The information in this report that relates to Exploration Results is based on information reviewed by David Mendelawitz, who is a Fellow of the AusIMM. Mr Mendelawitz 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 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Mendelawitz consents to the inclusion of the matters based on his information in the form and context in which it appears. Mr Mendelawitz is employed by Cleveland Mining Company Ltd. Contact Phone: +61 (08) 6389 6000 Fax: +61 (08) 6389 6099. Email: info@clevelandmining.com.au Corporate Headquarters: Suite 3, 254 Rokeby Road, Subiaco, Western Australia Mailing Address: PO Box 2089, Subiaco, Western Australia, 6904 Web: www.clevelandmining.com.au