Hummingbird Resources : Q4 2002 and 2021 outlook update

CORPORATE PRESENTATION

Q4 2020 Review & 2021 Outlook

DISCLAIMER

These presentation slides have been prepared by, and are the sole responsibility of, the directors of Hummingbird Resources plc ("Hummingbird Resources" or the "Company"). Those directors have taken all reasonable care to ensure that the facts stated herein are true to the best of their knowledge, information and belief. The information in this document is subject to updating, revision and amendment. This document neither constitutes nor forms nor should be constructed as constituting or forming part of any offer or invitation to sell or any solicitation of any offer to purchase or to subscribe for any securities in Hummingbird Resources or any other body corporate or an invitation or inducement to engage in investment activity under section 21 of the UK Financial Services and Markets Act 2000 nor shall it or any part of it form the basis of or be relied on in connection with any contract therefore. This document does not constitute an invitation to effect any transaction with Hummingbird Resources nor to make use of any services provided by Hummingbird Resources. No reliance may be placed for any purpose whatsoever on the information contained in this document nor on assumptions made as to its completeness. No representation or warranty, express or implied, is given by Hummingbird Resources, any of its subsidiaries or any of its respective advisers, officers, employees or agents, as to the accuracy, fairness or completeness of the information or opinions contained in this document or expressed in the presentation and, no liability is accepted for any such information or opinions (which should not be relied upon) or for any loss howsoever arising, directly or indirectly, from any use of this document or its contents or information expressed in the presentation.

The information and opinions contained in this document and the presentation are provided as the date of this document and the presentation and are subject to change without notice.

This presentation contains forward-looking statements that are based on Hummingbird Resources' current expectations and estimates. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and Hummingbird Resources disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to the inherent uncertainty therein.

Hummingbird Resources Plc: An overview

Strong production base 100 - 110koz (2021 guidance)

Strong financials

Net cash ~US$1.5mln* end 2020 & FY2020 EBITDA ~US$75mln (2019 US$55mln)

Material exploration upside

~US$10mln 2021 budget in Mali & planning in progress for Guinea

Dugbe, Liberia

Earn-in partner Pasofino Gold Ltd (TSX:VEIN) to deliver a DFS & exploration upside in 2021

ESG policy

ESG policy & procedures central to the Company's strategy

Multi asset & jurisdiction base

1 producing & 2 development assets in 3 West African countries

Current debt fully paid in Q2 2021

~US$13mln debt remains, reduced by ~US$6mln Q4 2020

Second producing asset

Kouroussa, Guinea, extensive pre-development plans to build decision

Clear growth strategy

Targeting +200koz from Mali & Guinea in the coming years

Proven management team

Proven operational & project development teams

Note: * Net-cash including the value of gold inventory as at 31.12.2020

Environmental, social & governance: 2021 plans

Environment

• • Diversity improvement: Commitment to repair, improve & enhance the diversity environment on and around our mine sites

• • World Gold Council Membership: Commitment to implementation & adhere to the Responsible Gold Mining Principles ('RGMPs')

• • Hummingbird Tree Initiative: +8,000 trees pa and on-site nursery build

• • Water: Rehabilitate village market garden water infrastructure

• • Tailings storage facilities ("TSF"): ~$US2mln capex upgrade

• • TSR monitoring & upgrades

• • Leave a positive legacy for our communities: Committed to building a lasting positive legacy for those living in the communities where we operate

• • Community health: New local Dr at clinic

• • Market gardens: Adding +2, total to 10, employing +700-900 locals

• • Schools: 11 teacher salaries & school maintenance improvements

• • Poultry Farms: Adding 2, total to 6, employing >40 locals

• • Soap manufacturing: Training on manufacturing & business practices

• • Honey initiative: Ongoing training on beehive manufacturing

• • Malaria community spraying: Continue our annual community spraying campaign

Social

People & Ethics

• • Operate responsibly and ethically: Committed to operating at the highest levels both responsibly and ethically

• • WGC RGMP adherence

• • High local and region employment: >60% national and >30% local

• • Local and country supply chain focus

• • Founding member of Single Mine Origin ('SMO')www.singlemineorigin.com

HSE

• • Zero harm policy: Committed to operating to achieve Zero Harm with every employee, contractor and visitor returning home safely each day

• • COVID 19 stringent work practices in place to minimise / eliminate virus spread

• • Maintain industry leading Total Recordable Injury Frequency Rate ("TRIFR"). 0.82 Q4 2020

• • Monthly site safter champions awards

• • CCI remote specialist health expertise on sitewww.critcareint.com