Net Asset Value(s)

19 January 2015

Praetorian Resources Limited

("Praetorian Resources" or the "Company")

Net Asset Value

Praetorian Resources announces that its un-audited NAV for 31 December 2014 was:

NAV per share GBP 0.0898

Total NAV GBP 4,098,822

Ordinary Shares in Issue at 31 December 2014 45,635,936

This and all future valuations will be calculated under IFRS and as such Praetorian uses the bid prices to value its underlying investments.

The Company will continue to release quarterly NAV announcements going forward.

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