Advancing the LD SOP Project

RBC Roadshow Presentation March 2016

ASX | RWD

FORWARD LOOKING STATEMENTS & DISCLAIMER

This document includes forward-looking statements. When used in this document, the words such as "could", "plan", "estimate", "expect", "intend", "may", "potential", "should",

and similar expressions are forward-looking statements. Although RWD believes that the expectations

reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties, and no assurance can be given that actual results will be consistent with these forward-looking statements.

This Presentation has been prepared by Reward Minerals Ltd ("RWD") for the purpose of providing an overview of its current prospects and development strategy to recipients. This Presentation and its contents are provided to recipients in confidence on the basis that it may not be reproduced or disclosed in whole or in part to any other person, without the written consent of RWD.

This Presentation is provided on the basis that neither the Company nor its respective officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advisers, make any representation or warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in this Presentation and nothing contained in the Presentation is, or may be relied upon, as a promise, representation or warranty, whether as to the past or the future. The Company hereby excludes all warranties that can be excluded by law.

All persons should consider seeking appropriate professional advice in reviewing the Presentation and all other information with respect to the Company and evaluating the business, financial performance and operations of the Company. Neither the provision of the Presentation nor any information contained in the Presentation or subsequently communicated to any person in connection with the Presentation is, or should be taken as, constituting the giving of investment advice to any person.

HIGHLIGHTS

The Commodity

► SOP is a premium fertilizer in supply shortage and currently ~US$700+/t

► Global SOP market is 6Mt per annum worth over US$3.5b

► Large surface (brine) resources are scarce but provide significant operating cost benefits

The LD Project (100% Reward)

► Sulfate of Potash (SOP) Company focused on the LD SOP Project in Western Australia

► Potentially the Largest and highest grade surface in-situ SOP Resource in the world

► Located in a high evaporation location with excellent brine chemistry providing considerable processing advantages using established technology

► Scoping Study completed with detailed studies well advanced

CORPORATE OVERVIEW

Capital Structure 14 March 2016

ASX:RWD Price History (1 Year)

700

600

500

400

300

1

0.9

0.8

0.7

Share Price (A$)

0.6

1. Cash based on cash as at 30/12/15 Qtly Report

Major Shareholders

0.5

0.4

0.3

0.2

0.1

0

Mar 15 Apr 15 Jun 15 Jul 15 Sep 15 Nov 15 Jan 16

Volume (000's)

200

100

0