TERRAI N

MINERALS

ASX: TMX

ABN:45 116153 514

>

Important Information

FORWARD LOOKING STATEMENTS

This presentation has been prepared by Terrain Minerals Ltd ("Terrain", "the Company") as a summary of the Company, its mineral assets and its plans to explore its tenements and for general information purposes only. This presentation contains material that can be construed as forward looking statements.

This presentation is not and should not be considered as an offer or invitation to subscribe for or purchase any securities in Terrain, or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in Terrain will be entered into on the basis of this presentation.

Terrain disclaims any intent or obligation to update any material which constitutes forward looking statements, whether as a result of new information, future events, results, or otherwise. All forward looking statements should be treated with caution. Potential investors are cautioned that forward looking statements are not guarantees of future performance and, therefore, should not put undue reliance on such statements.

Due care and attention has been taken into preparation of this presentation. To the fullest extent permitted by law, no liability, however arising, will be accepted by Terrain or its directors, officers or advisers, for the fairness, accuracy or completeness of the information contained in this presentation. This presentation contains certain forward-looking statements which have not been based solely on historical facts but, rather, on Terrain's current expectations about future events and on a number of assumptions which are subject to significant uncertainties and contingencies many of which are outside the control of Terrain and its directors, officers and advisers. Information is only current at the date of issue of the presentation.

COMPETENT PERSONS STATEMENT

The information in this report/release which relates to Mineral Resources for the Great Western Deposit is based on and accurately reflect a report prepared by Peter Ball 2011. Mr Ball has the necessary experience relevant to the style of mineralisation, the type of deposit and the activity undertaken to qualify as a 'Competent Person' under the JORC Code for Reporting of Mineral Resources and Ore Reserves (2004 Edition). Mr Ball has given his consent to the inclusion of the information from his Report. Mr Ball is Principal of DataGeo Geological Consultants (an independent geological consultancy) and a member of the Australasian Institute of Mining and Metallurgy.

The information in this Announcement that relates to Exploration Results for Gimlet an Rembrandt was compiled by Mr Robert Jewson, who is a member of the Australian Institute of Geoscientists, and a consultant to Terrain Minerals limited. Mr Jewson has sufficient experience which 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 Reporting of Exploration Results, Minerals Resources and Ore Reserves'. Mr Jewson consents to the inclusion in the 2

Report of the matters based on his information in the form and context in which it appears.

Company Profile

CAPITAL STRUCTURE

Issued Shares(TMX): 349m

Issued Options:

Unlisted (board): 34.5m

Share Price (24/09/2015): 0.006c

Market Cap: $2m

Cash at hand (30/06/15): $711k Plus: Con note Converts to Cash $200k Conversion date Nov 2015

BOARD OF DIRECTORS

Non Executive

David Porter: Chairman

Paul Dickson: Vice Chairman

Jonathan Lim: Director

Executive Director

Justin Virgin

Major Shareholders

Top 20 Shareholders 53.5%

Board holds 29.4%

No. of Shareholders 658

Board of Directors

DAVID PORTER - Chairman (Non-Executive)

Mr Porter is a professional geologist and Fellow of the Australasian Institute of Mining and Metallurgy with over 40 years experience in the mining industry, including most facets of exploration and mining. For the past 15 years he has focussed his activities in Africa and was the founding Chairman of Cam Iron SA and Congo Iron SA, both part of the Mbalam Iron Project of Sundance Resources Ltd. The project has a planned output of 35 million tonnes per annum of high grade iron ore and is at development stage which involves capital expenditure of $4.7 billion. He was also instrumental in the development of two coal projects in the Waterberg region of South Africa which are at development stage. Prior to Mr Porter's project generation activities in Africa he was managing director of three ASX-listed exploration companies, all of which developed gold and base metal projects. In Diversified Mineral Resources he supervised the resource definition at the Agbaou gold deposit in Cote d'Ivoire into plus one million ounces of gold. Africwest Gold acquired the nickel deposits at Kambalda and developed into a leading Australian nickel producer while Golden Rim Resources is now developing gold resources in Burkina Faso.
Mr Porter was an executive director and exploration manager of Gasgoyne Gold Mines NL from 1989 until 1996, and managed the Yilgarn Star feasibility study in 1990/1991. Gasgoyne produced over 100,000 ounces of gold per year from the Yilgarn Star Mine until it was taken over in
1996 by Sons of Gwalia Ltd in a A$180 million transaction. In the period from 1971 to 1989, Mr Porter worked for many international mining companies, with small ASX-listed companies and as an independent consultant on gold, base metal, iron ore and coal projects

JUSTIN VIRGIN - Executive Director

Mr Virgin has over ten years experience in the financial services industry (stockbroker) with expertise in providing a wide range of financial services which includes capital raisings, providing general corporate advice and promotion of small-cap companies and other investment advice involved in M&A and valuation for sale of SMEs.
Mr Virgin's background also includes 12 years experience in the running of a contracting business involved in Electrical fleet maintenance, Logistics and site closures on remote and isolated mine sites throughout Western Australia and Northern Territory. He also has experience in sales and financing of capital equipment.

PAUL DICKSON- Vice Chairman (Non-Executive)

Mr Dickson is a director of Proserpine Capital Partners Pty Ltd, a Melbourne based Private Equity Firm, and a non-executive director of ASX listed Alligator Energy Ltd and unlisted Oil and Gas service provider Condor Energy Ltd. He has over twenty five years' experience in the securities and finance industries. The majority of his career was spent at tier one firm Ord Minnett Ltd. In the past ten years he has been a corporate advisor
providing a range of services including capital raising, with the majority of his time as principal and co-founder of Paradigm Capital. 4

JONATHAN LIM - Director (Non-Executive)

Mr. Lim is Engineer and Singapore based business man. He founded Romar Positioning Equipment in 1984, which was ranked 3rd place in the
Singapore Enterprise E50 Awards in 2007 and then sold to MNC in 2008.

Company Overview

Great Western Gold Project (100% TMX):

• Recently updated Mineral Resource

• Scoping study commenced

• Development pathways being evaluated

Rembrandt Gold Project (TMX Option):

• Drilling at Monet Prospect planned to commence in October

• Multiple targets being evaluated

Gimlet Nickel-Copper Project (100% TMX):

• Refining of geophysical targets

• Developing exploration program

5

Great Western Gold Project

 Total mineral resource of

669,000t @ 2.92g/t Au for

63,000oz in accordance with

JORC 2012 Guidelines

 Scoping study commenced to evaluate development pathway and project economics

 Evaluation of development options commenced including development, joint venture and trade sale

6

Great Western Development Plan

Mineral Resource Estimation (JORC 2004)

Granted Mining Lease

Resource Definition & Extensional Drilling

Mineral Resource Upgrade (JORC 2012 Edition)

Scoping Study

Evaluation of development options

7

Toll treatment & contract mining negotiations

Rembrandt Gold Project

Historical RAB results from Monet:

• 92MZR003: 2m @ 22.79g/t Au from 33m

• 92MZR004: 1m @ 4.69g/t Au from 14m

• 99MER0965: 2m @ 21.1g/t Au from 34m

• 99MER0964: 2m @ 2.35g/t Au from 14m

• 92MZR044: 2m @ 7.3g/t Au from 43m

• BVRB207: 2m @ 11.2g/t Au from 24m

 High grade mineralisation untested below 40m

 Drilling planned to commence in

October

Rembrandt Development Plan

Review of historical exploration data

Drill planning and budgeting

Confirmatory drilling at Monet Prospect

Resource definition drilling at Monet Prospect

Election of whether to proceed with 100% acquisition

Development studies

9

Permitting

Gimlet Nickel- Copper Proj ect

• Refining of geophysically driven exploration targets

• Defining of an auger/air core drilling program

390,000mE 410,000mE

T ERRAI N

M I NE RALI

MINERALS

z

E o o o

D Terrain Tenure

D High Priority Target

Moderate Priority Target

D Low Priority Target

/ Fault

>10

Gimlet Development Plan

Acquisition of all available historical reports

Acquisition of all available geophysical surveys

Reprocessing of geophysics & target analysis

Review & refine targeting based on historical geochemistry and drilling

Define auger/air core drilling program to target

magmatic nickel-copper sulphides

Targeted scout drilling program

11

Ground EM surveys