Actively exploring for gold and base metals

on the Capricorn margin

Annual General Meeting 2015

This presentation has been prepared by Lodestar Minerals Limited (Lodestar). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and though Lodestar has no reason to believe that it is not accurate, reliable or complete, it has not been independently verified or audited by Lodestar.

Forward Looking Statements: This document may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Lodestar Minerals' exploration program and other statements that are not historical facts. 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 Lodestar Minerals believes that its 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.

Lodestar makes no representation or warranty as to the accuracy, reliability or completeness of information in this document and does not take responsibility for updating any information or correcting any error or omission which may become apparent after this document has been issued.

To the extent permitted by law, Lodestar and its officers, employees, related bodies corporate and agents (Agents) disclaim all liability, direct indirect or consequential (and whether or not arising out of the negligence, default or lack of care of Lodestar (and/or any of its Agents) for any loss or damage suffered by a Recipient or other persons arising out of, or in connection with, any use or reliance on this presentation or information.

COMPETENT PERSON STATEMENT

The information in this announcement that relates to Exploration Targets and Exploration Results is based on information compiled by Mr Bill Clayton, who is a Competent Person and a Member of the Australian Institute of Geoscientists. Bill Clayton is Managing Director and a full-time employee of Lodestar Minerals Limited. Mr Clayton has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for the reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Clayton consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The information in this announcement that relates to Lodestar's previously released exploration results was disclosed under JORC code 2004 in ASX announcements dated 18 March 2013 and JORC Code 2012 in ASX announcements dated 4 June 2013, 28 August 2015, 21 September 2015 and 20 October 2015 and is available to view on the Lodestar website. The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement. The company confirms that the form and context in which the Competent person's findings are presented have not been materially modified from the original market announcement.

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• Applying new thinking to a strategic tenement position spanning 2,900km2 of the Capricorn tectonic margin in the Eastern Bryah-Yerrida Basin

• Three specific projects areas within a highly prospective

  and underexplored mineral province

• Ned's Creek (100%, AUZ earning 51% of non-gold rights)

  • Gold anomalism defined over 7km with limited aircore drilling

  • Greenfield discovery at Contessa (21m @ 3.0g/t Au, 10m @ 5.6g/t Au)

  • RAB drill program at new Marymia geochemical target

  • AUZ targeting sediment-hosted copper similar to nearby

    DeGrussa, Thaduna and Monty/Springfield deposits

• Camel Hills (100%)

  • High grade rock chip samples up to 47,050g/t Au at Big Sky

  • RAB drilling confirms bedrock mineralisation (1m @ 5.6g/t)

  • RC drilling up to 6m @ 20.3g/t from 21m and 6m @ 6.6g/t from 13m and follow-up drilling planned in early 2016

     Imbin (100%)

  • Extensive geochemical anomalies with a number of walk-up copper-gold drill targets

• Highly leveraged to further exploration success on a

  number of active project areas

  
  

  Three emerging mineralised projects along Capricorn margin 3

  Capital Structure
  ASX code	LSR
  Shares on issue	336.28m
  Share price	A$0.025
  Market capitalisation	A$8.3m
  Cash (30 Sept 2015)	A$0.24m*
  Debt (30 Sept 2015)	A$0.00m
  Listed/unlisted options	55.09m
  Top 20 shareholders	37.5%

  Board and Senior Management

  
  

• Non-Executive Chairman, Ross Taylor

  • Chartered Accountant and finance professional with extensive experience in global investment banking and financial markets

  • Senior positions held with Deutsche Bank, Bankers Trust and Barclays Capital

  • Largest shareholder in Lodestar

• Managing Director, Bill Clayton

  • Geologist with 30 years' experience in Western Australian greenfields exploration and project generation and evaluation roles

  • Previous roles held with LionOre, Forrestania Gold,

    Outokumpu and CSA Australia

• Executive Director/Co Sec, David McArthur

  • Accountant with broad range of experience in financial and corporate management of public listed companies gained over the past 28 years

    
    

    Lodestar Shareholders

    
    

    
    

    Ross Taylor

    Director (ex-Mr Taylor) Others

    • Excluding $51,250 of 3c options converted since 30 September

and underwriting of $500,000 of 31 March 2016 options.

Required skill sets for the business plan - delivering exploration success 4