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LIMESTONE DSOPROJECT

NEAR TERM OPPORTUNITY FOR EARLY CASH FLOW GENERATION;

LIME FOR NICKEL PROCESSING PLANT

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AGATA LIMESTONE DEPOSITS

Payong Payongdeposit

PAYONG PAYONG LIMESTONE DEPOSIT CHARACTERISTICS

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3SECTION 776 200E

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Payong Payong Limestone Quality(1):• CaCO3 97.26% - 99.96%• MgO 0.41% - 0.75%• Al2O3 0.07% - 0.30%• Fe2O3 0.12% - 0.37%

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Payong Payong Exploration Target(1):• Tonnage: 20~30 Million • Apparent Thickness: 35~50 metres• Apparent Area: ~400 metres X 800 metres• Dip: ~ 350

*Based on five holes drilled into the Payong Payong limestone deposit by JV partner, Mindoro Resources Ltd., in 2011

(1) The potential quantity and grade of the Exploration Target described is conceptual in nature, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. Until a feasibility study has been completed there is no certainty that the Company's projections will be economically viable.

AMVI 2014 EXPLORATION DRILL PROGRAM

Drilling Status* Count

Proposed 25

Ongoing 2

Completed 2

MRL DDH 5

*Updated as of Nov. 26, 2014

LIMESTONE PROSPECTS WITHIN MPSA

Hole 1 Hole 2 Hole 3 Hole 4 Hole 5 Wt Avg.Meters 47.30 38.20 58.35 60.50 97.95 60.46Ca % 38.93 39.59 39.41 40.01 39.70 39.57CaO % 54.47 55.39 55.13 55.98 55.54 55.36%CaCO3 97.26 98.90 98.45 99.96 99.18 98.86Mg % 0.45 0.24 0.28 0.29 0.41 0.34Si % 0.32 0.08 0.47 0.10 0.20 0.23Fe % 0.17 0.09 0.26 0.08 0.10 0.14Al % 0.12 0.06 0.16 0.04 0.05 0.08

MgO % 0.75 0.41 0.47 0.47 0.68 0.57SiO2 % 0.68 0.17 1.00 0.21 0.42 0.50Ni % 0.01 0.01 0.01 0.01 0.01 0.01Co % 0.00 0.00 0.00 0.00 0.00 0.00

Al2O3 % 0.23 0.11 0.30 0.07 0.09 0.15Cr2O3 % 0.02 0.01 0.01 0.01 0.01 0.01Fe2O3 % 0.25 0.13 0.37 0.12 0.14 0.20K2O % 0.01 0.00 0.01 0.00 0.00 0.00MnO % 0.00 0.00 0.00 0.00 0.00 0.00Na2O % 0.00 0.00 0.00 0.00 0.04 0.01P2O5 % 0.00 0.00 0.00 0.00 0.00 0.00TiO2 % 0.02 0.02 0.02 0.02 0.01 0.02V2O5 % 0.02 0.02 0.02 0.02 0.02 0.02Cu % 0.01 0.01 0.01 0.01 0.01 0.01Pb % 0.02 0.02 0.02 0.02 0.02 0.02Zn % 0.00 0.00 0.00 0.00 0.00 0.00As % 0.00 0.00 0.00 0.00 0.00 0.00S % 0.00 0.00 0.00 0.00 0.00 0.00

BaO % 0.07 0.07 0.07 0.07 0.06 0.07Sn % 0.03 0.03 0.03 0.03 0.03 0.03Cl % 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL % 99.68 99.85 100.43 100.37 100.24 100.17LOI % 43.30 43.66 43.18 43.57 43.36 43.39

ASSAY RESULTS OF PAYONG PAYONG LIMESTONE DRILL HOLES, 2011 Source: Mindoro Resources Ltd., 2011