Investor Presentation May 2014

1

Disclaimer

This presentation has been prepared by European Metals Limited (“European Metals” or the “Company”). It is not a disclosure document and should not be considered as an offer or invitation to subscribe for, or purchase any securities in the Company or as an any, inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation. This presentation contains forecasts and forward looking information. Such forecasts, projections and information are not a guarantee of future performance, involve unknown risks and uncertainties. Actual results and developments will almost certainly differ materially from those expressed or implied. European Metals has not audited or investigated the accuracy or completeness of the information, statements and opinions contained in this presentation. Accordingly, to the maximum extent permitted by applicable laws, European Metals makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and takes no responsibility and assumes no liability for, the authenticity, validity, accuracy, suitability or completeness of, or any errors in or omission, from any information, statement or opinion contained in this presentation. Throughout this presentation all figures are quoted in AUD$ dollars unless otherwise stated. You should not act or refrain from acting in reliance on this presentation material. This overview of the Company’s Cinovec and Zlaty Kopec Projects does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the Cinovec and Zlaty Kopec Project’s prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation before making any investment decision. Information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves is based on previous announcements made by European Metals (or other relevant parties) to the ASX and AIM. This presentation does not constitute financial product advice (nor investment, tax, accounting or legal advice) and has been prepared without taking account of any person’s investment objectives, financial situation or particular needs. Competent Person The Exploration information in this presentation is based on information compiled by Mr Widenbar who is a recognised geologist and consultant to European Metals (UK). Mr. Widenbar 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 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Widenbar consents to the inclusion in this presentation of the matters based on his information in the form and the context in which it appears.

2

Company Overview

• European Metals is a tin exploration and development company with assets in the Czech Republic

• Its flagship Cinovec project is one of the largest undeveloped hardrock tin projects worldwide

• Previously mined and processed so very low risk metallurgy

• JORC 2012 compliant resource in place

• Excellent infrastructure, comparatively low cost, skilled workforce

• Plan to fast track the Cinovec project to production to take advantage of rising tin prices

3

Management Team

4

Dr. Pavel Reichl – Executive Director Over 15 years experience in precious, base and PGE metals exploration and production - PhD University of Montana - Formerly Business Unit Manager of a Canadian-listed minerals exploration company. Responsible for Europe and Central Asia. Former head of Newmont acquisition program in Eastern Europe and exploration manager for Kyrgyzstan and Uzbekistan. Exploration and mine geologist - Montana, Nevada, Newmont Gold. Fluent in English, Czech and Russian.

Robert (Bob) Timmins – Non Executive Chairman Geoscientist professional with over 40 years experience in exploration and management across Australia, Africa and the Americas. - Founder of Timmins Geophysics Pty Ltd which, after its merger with Aerodata Holdings, formed World Geoscience Corporation involved in electromagnetic and geophysic survey - Specific knowledge of Namibia and conducting business in Africa generally - non-executive director of Namibian Copper NL.

Keith Coughlan – Managing Director Keith has over 26 years’ experience in stockbroking and funds management. He has been largely involved in the funding and promoting of resource companies listed on the ASX, AIM and TSX. He has advised various companies on the identification and acquisition of resource projects and was previously employed by one of Australia’s then largest funds.

Management Team

5

Colin Ikin – Non-executive director Has been mining company director for over 25 years and has a high level of skill in taking mining projects from exploration through feasibility and then to financing and development. - Has developped mines in Australia and Africa producing gold, copper, nickel and cobalt.- High level of commercial and political experience in Saharan and Sub-Saharan Africa – Also non-executive director of Namibian Copper NL and Cominco Resources Ltd.

David Porter – Non-executive director Graduated from UWA, David holds both BSc and MSc degree and is a fellow of the Australasian Institution of Mining and Metallurgy. He worked for numerous multinational and small mining /exploration companies including Hamersley Exploration Ltd, Gasgoyne Gold Mines NL, Diversified Mineral Resources, Afric West Gold NL, Alcaston Mining NL. He was Chairman of Cam Iron SA and of Congo Iron SA.

David Reeves – Non-executive director Qualified mining engineer with 20 years experience in Africa and Australia. Highly experienced underground mining specialist - First class honours degree in mining engineering from the University of New South Wales, graduate diploma in applied finance and investment from the Securities Institute of Australia and a Western Australian first class mine managers certificate of competency - Managing Director of Ferrex Plc (AIM), Director of Minbos Limited (ASX).

Corporate Overview

ASX Code EMH CDIs 28 million

CDIs (Restricted) 10.4 million

Options (unlisted) 1.2 million

Market Cap at $0.20 per share (CDI’s)

7.7 million

6

Shareholder Structure NS Hong Investment 12.2%

R+H Trust Co 10.6%

Woolstores Development 10.1%

Number of shareholders 280

Top 20 Shareholders 75.4%

Held by Directors 20.67%

Directors and Senior Management Bob Timmins Non-executive Chairman

Keith Coughlan Managing Director

Pavel Reichl Executive Director

Dave Reeves Non-executive Director

Colin Ikin Non-executive Director

Dave Porter Non-executive Director

Share Price Performance

Project Locations

7

Czech Republic, EU

• Central location in Europe • 83% of its exports are to EU countries, one

third being to Germany alone • Stable political and economic environment –

Member of the European Union. • Excellent infrastructure, communication

network and electricity • Relatively low corporate income tax rate of

19% • Population is around 10.4 million • Long tradition of silver, uranium, tin mining • Established mining code

8

Cinovec

• JORC code compliant Inferred resource 28,1Mt @ 0.37%Sn and 0.04%W and 36.8Mt @ 0.38%Li. • Underground bulk mining operation potential with lithium, tungsten, scandium, niobium and

tantalum credit value upside potential • > 80,000m drilling to date • Previously mined with large scale test bulk mining • Previously processed through on-site gravity processing plant

9

Cinovec District • 603.5 Ha Licence areas covering Cinovec District:

– Cinovec South – tin (Sn-W-Li) – Cinovec Central - tin-tungsten (Sn-W) – Cinovec North – lithium (Li-Sn-W)

• Quartz veins, stockworks and greisen tin, lithium and tungsten deposits – bulk tonnage with high grade veins

• Historically mined intermittently for c600 years, estimated 40,000t Sn recovered • 846 diamond drill holes (83,466m) and 21,500m of development tunnels completed in the 1970s and

1980s at Cinovec South zone

10

Co-products

In addition to tin, Cinovec contains significant lithium and tungsten, with potential for other alkali and REE metals Tungsten • Tungsten inferred resource is estimated at 11,200 tonnes • Tungsten has been declared as critical metal for Europe by the EU Commission in 2010 • Demand reached a record of 70,051t W in 2010, price at $56000/t • Tungsten is used is cemented carbides, alloy steels, fabricated tungsten products, tungsten alloys and

chemicals Lithium • Lithium inferred resource is estimated between 50,760 tonnes (cut-off 0.4%Li) and 374,080 tonnes

(cut-off 0.2%Li) • Lithium world production in 2012 was circa 37,000 tonnes • Lithium minerals can easily be separated by electromagnets and/or flotation into lithium concentrate • Lithium carbonate of high quality was produced from the Cinovec mica concentrate. Lithium carbonate

is used for battery manufacturing • Current lithium carbonate price is $5,500/t (lithium is about 6 times the price of copper) • Lithium is used among other in ceramic and glass, batteries, lubricating greases • Asian technology firms continue to form alliances with lithium explorers worldwide • European demand is high and German manufacturers interested in lithium sources located in Europe.

11

Cinovec Infrastructure

• Excellent infrastructure in place to support future development of Cinovec

• Adjacent to a main road and located near large industrial centres and chemical plants in Germany and Czech Republic

• Two rail lines within 10km of the site including one previously used to load

• concentrate with a rail spur 2km south of Cinovec

• Adjacent to main coal mining and power producing areas in the Czech Republic

– 22Kw runs adjacent transmission line to the project

– Good water supply and infrastructure

12

Zlaty Kopec

• Brownfield polymetallic tin - zinc - indium project –strong resource potential and high tin and indium grades

• 598 ha exploration permit 75km South West of Cinovec covering a skarn tin deposit with elevated levels of indium and zinc

• Small scale historical mining since the 16th Century • Approximately 4 tonnes of tin produced at grades in excess of 1% • 76 surface and underground diamond drill holes (more than 12,000m)

completed by the State from 1959-1973 • Two mineralised horizons identified – the Main and Hugo zones • The Main Zone has a known areal extent of 2sq km, is 3m thick, located

approximately 50m below surface

13

Tin Market Overview

• Global tin market has increased from ~190,000 tpy (1980) to ~360,000 tpy (2011)

• Forecast to reach 400,000 tonnes by 2015 • Major producer are Indonesia (Timah PT –

30,000t), China (Yuannan Tin - 27,000t) and Peru (Minsur – 25,000t) expected to be exhausted by 2017

• ITRI forecasts 70,000 tonnes deficit and tin prices at >$35,000/t by 2015

• Current price is approximately $23,000/t • Tin is increasingly used in high tech industries

for nano-technologies, as lead free solder, for battery, agri-chemicals, solar technology and steel applications

14

2014 Program Scoping Study

The Company has initiated a Scoping Study for Cinovec to be completed in 2014 The study will include:

• Drilling for metallurgical samples and grade confirmation • Resource re modelling based on the drilling and updated database • Mining method selection based on geotechnical competencies and the geometry of the

orebody • Mine design and scheduling including access studies and using existing development to

accelerate time to production • Trade off studies on ore haulage and back fill requirements • Metallurgical testing to confirm previously reported recoveries and concentrate grades • Process Design based on the met testwork • Capital and Operating costs for the Mine and Plant • Initial marketing options

15

Contact Information

Australia Keith Coughlan Managing Director Telephone: +61 8 6141 3500 Mobile: +61 41 999 6333 Email: k.coughlan@equamineral.com

16

Czech Republic Pavel Reichl Executive Director Telephone: +420 732 671 666 Email: pavel@europeanmet.com

European Metals Holdings Limited