Sunrise Resources : AGM Presentation - February 2024

Annual General Meeting

22 February 2024

Directors

Patrick Cheetham	A geologist with over 40 years in exploration management and 35
Executive Chairman	years as executive director of publicly traded companies. Currently
	Executive Chairman Tertiary Minerals plc.
James Cole	Chartered Accountant. Director of Goal Group, Formerly CFO for
Non-Executive Director	Cominco Resources Ltd, AIM/TSX traded European Minerals
	Corporation plc and TSX/OSE traded Crew Gold Corporation.
Roger Murphy	Formerly CEO Power Metal Resources plc and MD Investment
Non-Executive Director	Banking, Dundee Securities Europe Ltd. Worked as a geologist for
	various companies, including Anglovaal Mining and British
	Petroleum.
Rod Venables	A qualified solicitor with extensive experience in corporate finance
Company Secretary	and broking with Greig Middleton, Old Mutual Securities, Allenby
	Capital and Northland Capital Partners Limited.

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AGM - Order of Business

Ordinary Business. Ordinary Resolutions:

1. To receive the Accounts and Reports of the Directors and of the Auditor for the year ended 30 September 2023.
2. To re-elect Mr P L Cheetham who is retiring as a director of the Company.
3. To reappoint Crowe U.K. LLP as Auditor of the Company and authorise the directors to fix their remuneration.

Special Business

1. Ordinary Resolution to authorise the Directors to allot shares.
2. Special Resolution to empower the Directors to disapply the pre-emption rights for certain allotments of shares.

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Important Notice

The content of information contained in these slides and the accompanying verbal presentation (together, the "Presentation") has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 ("FSMA"). Reliance upon this Presentation for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested. If any person is in any doubt as to the contents of this Presentation, they should seek independent advice from a person who is authorised for the purposes of FSMA and who specialises in advising in investments of this kind.

This Presentation is being supplied to you solely for your information. This Presentation has been prepared by, and is the sole responsibility of, Sunrise Resources plc (the "Company"). The directors of the Company have taken all reasonable care to ensure that the facts stated herein are true to the best of their knowledge, information and belief.

This Presentation does not constitute, or form part of, an admission document, listing particulars or a prospectus relating to the Company, nor does it constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares in the Company nor shall it or any part of it, or the fact of its distribution, form the basis of, or be relied upon in connection with, or act as any inducement to enter into any contract therefor.

The information in this Presentation is provided as at the date of this presentation and as such is preliminary in nature, has not been fully verified by the Company and is subject to material amendment, updating and change. The Company undertake no obligation to provide the recipient with access to any additional information or to update this Presentation or any additional information or to correct any inaccuracies in any such information which may become apparent. This document sets out certain features of the Company and does not purport to provide a complete description of the Company or the shares in the Company.

No reliance may be placed for any purpose whatsoever on the information contained in this Presentation or on its completeness, accuracy or fairness thereof, nor is any responsibility accepted for any errors, misstatements in, or omission from, this Presentation or any direct or consequential loss however arising from any use of, or reliance on, this Presentation or otherwise in connection with it.

By accepting this Presentation you confirm, represent and warrant that you have consented to receive information in respect of securities of the Company and other price-affected securities (as defined in the Criminal Justice Act 1993 ("CJA")) which makes you an "insider" for the purposes of Part V of the CJA, and you agree not to deal in any securities of the Company until such time as the inside information (as defined in the CJA) of which you have been made aware has been made public for the purposes of the CJA.

This Presentation may not be reproduced or redistributed, in whole or in part, to any other person, or published, in whole or in part, for any purpose without the prior consent of the Company. The contents of this Presentation are confidential and are subject to updating, completion, revision, further verification and amendment without notice.

The Presentation is being distributed on request only to, and is directed at, authorised persons or exempt persons within the meaning of FSMA or any order made thereunder or to those persons falling within the following articles of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Financial Promotion Order"): Investment Professionals (as defined in Article 19(5)), members and creditors of certain bodies corporate (as defined in Article 43 (2)) High Net Worth Companies (as defined in Article 49(2)). Persons who do not fall within any of these definitions should not rely on this Presentation nor take any action upon it but should return it immediately to the Company. This Presentation is exempt from the general restriction in section 21 of FSMA relating to the communication of invitations or inducements to engage in investment activity on the grounds that it is made only to certain categories of persons.

Neither this Presentation nor any copy of it should be distributed, directly or indirectly, by any means (including electronic transmission) to any persons with addresses in the United States of America (or any of its territories or possessions) (together, the "US"), Canada, Japan, Australia, the Republic of South Africa or the Republic of Ireland, or to any corporation, partnership or other entity created or organised under the laws thereof, or in any other country outside the United Kingdom where such distribution may lead to a breach of any legal or regulatory requirement. The recipients should inform themselves about and observe any such requirements or relationship.

The Company's ordinary shares have not been, and are not expected to be, registered under the United States Securities Act 1933, as amended, (the "US Securities Act") or under the securities laws of any other jurisdiction, and are not being offered or sold, directly or indirectly, within or into the US, Canada, Japan, Australia, the Republic of South Africa or the Republic of Ireland or to, or for the account or benefit of, any US persons or any national, citizen or resident of the US, Canada, Japan, Australia, the Republic of South Africa or the Republic of Ireland, unless such offer or sale would qualify for an exemption from registration under the US Securities Act and/or any other applicable securities laws.

Past Performance

This Presentation contains statements regarding the past performance of the Company's ordinary shares. Past performance cannot be relied upon as a guide to future performance.

Forward-looking Statements

This Presentation or documents referred to in it contain forward-looking statements. These statements relate to the future prospects developments and business strategies of the Company and its subsidiaries (the "Group"). Forward-looking statements are identified by the use of such terms as "believe", "could", "envisage", "estimate", "potential", "intend", "may", "plan", "will" or the negative of those, variations or comparable expressions, including references to assumptions. The forward-looking statements contained in this Presentation are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by those statements. If one or more of these risks or uncertainties materialises, or if underlying assumptions prove incorrect, the Group's actual results may vary materially from those expected, estimated or projected. Given these risks and uncertainties, potential investors should not place any reliance on forward-looking statements. These forward-looking statements speak only as at the date of this Presentation.

No undertaking, representation, warranty or other assurance, expressed or implied, is made or given by or on behalf of the Company or any of its directors, officers, partners, employees or advisers or any other person as to the accuracy or the completeness of the information or opinions contained herein and to the extent permitted by law no responsibility or liability is accepted by any of them for any such information or opinions. Notwithstanding the aforesaid, nothing in this paragraph shall exclude liability for any representation or warranty made fraudulently.

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StockBox Interview

Published Monday 19 February 2022:

YouTube:

https://youtu.be/mC2WBsg6EV4?feature=shared

X-Twitter:https://x.com/StockBoxMedia/status/1759526598926033363?s=20

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Strategy

Our Focus is on the development of our three key industrial mineral projects and in particular on the development of our mine-readyCS Pozzolan-PerliteProject.

Our Strategy is to:

• Identify, acquire at low cost and add value to mineral opportunities.
• Partner with relevant leaders in their respective industries.
• Establish long-term cash flow through joint developments, project sales and royalty interests.

This strategy is on track with

• Multiple projects acquired by low-cost claim staking including, most recently the Reese Ridge Zinc-Lead-Silver Project.
• Option/Sale/royalty agreement with world leadings sepiolite producer, Tolsa, on our Pioche Sepiolite Project.
• Lease Option/Sale/royalty agreement leading gold producer Kinross Gold on our Jacksons Wash Gold Project.
• Royalty interests in Garfield Copper-Goldand Stonewall Gold-Silver Projects.
• Discussions and testing programmes in progress at our CS Pozzolan Perlite Project.

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CS Pozzolan-Perlite Project, Nevada

A "mine-ready" project

Extracting 500t bulk sample of natural pozzolan from CS Project

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What is …?

Natural Pozzolan

• is a naturally occurring Supplementary Cementitious Material ("SCM")
• is used to partially replace and reduce the use of ordinary Portland cement,
  a major source of the greenhouse gas CO2, in cement mixes, concrete and mortars. It increases concrete durability.
• takes the place of coal fly ash pozzolans, the supply of which is rapidly declining in the western world due to the continued closure of coal-fired power stations.

The natural pozzolan on the Company's projects in Nevada is a pozzolanic volcanic glass that needs only to be ground to be used as an SCM.

Perlite

• is a glassy raw material which expands on heating by up to 20 times in volume into a white or pale coloured low-density material.
• is used in various industrial and household applications such as insulation, paint texturing, plaster and concrete fillers, building material fillers, formed insulation and fireproofing.
• is also used as filter aids, insulating industrial cryogenic storage vessels and as a potting medium in gardening, horticulture (in cannabis growing) to aid water retention and aeration of the soil.
• is also a natural pozzolan in its raw form.

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Cement companies have a carbon problem

Cement production (ordinary Portland cement or OPC) is currently responsible for 7-8% of global carbon emissions from:

• Burning coal & natural gas
• Burning limestone (to produce cement clinker1) (CaCO3 CaO + CO2)

(1Cement clinker is an intermediate product that is ground with additives to produce ordinary Portland cement).

The cement and concrete industries are committed to net zero emissions by 2050.

This is an enormous undertaking for the cement industry, requiring structural change and alternative raw materials.

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Natural Pozzolan in Net Zero Strategies

Cement companies are looking to reduce the amount of embodied carbon within their cement products by using less cement clinker per ton of cement produced.

This can be achieved by making blended cements where ordinary Portland cement is extended (diluted) with limestone and so called supplementary cementitious materials (SCMs) that include coal-fired power station fly ash, blast furnace slag and natural pozzolan.

The production of fly ash and blast furnace slag is reducing whilst the production of natural pozzolan is rising.

Cement companies are currently extending cement clinker in stepwise developments by

• adding 10-15% limestone powder to make 1L blended cements.
• adding 20-25% natural pozzolan to make 1P blended cements.
• adding both 10-15% limestone and 20-25% SCMs to make 1T, ternary blended cement.

The production of 1L cement is an easy win for cement companies with large limestone reserves and 1L cements are now becoming widely established. Some companies are producing 1P cements. However, the trend is for the production of 1T cements where the clinker requirement is even lower.

Limestone and SCMs can be added by inter-grinding with clinker or by blending finished powders.

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