Shareholder Presentation - 16 June

16 June 2016

Xtract Resources Plc

("Xtract" or "the Company")

Presentation to shareholders and update on Chepica

Xtract Resources Plc (AIM: XTR) announces that the presentation to be presented to shareholders today at 12.30pm can be accessed by the following link: http://www.xtractresources.com/reports.htm

The Company will present the following operational highlights at its Chepica mine:

Further scope to increase volume from underground:

· Chepica is consistently delivering on volume of 280t/day

· Upgrading crushing circuit to provide capacity to produce volume of up to 340t/day (next six months)

· Upgrade in crushing circuit is improving milling capacity and grind (improved recoveries)

· Underground grade is running at 3.5g/t (highest grade ever mined)

· Mineralised zone at Chepica almost 10m wide

· Continue to expose reef along strike on 5, 6 and 7 level

· Almost at the position to drive 2 reef ends at Chepica on 8 level

· Total of 7 ends on reef (when Chepica intersects 8 level)

· Making up total milling target of 10kt from development only

· Mine pre-developed on 3 levels ready for stoping

· Do not have to install any roof bolts on 7 level at Colin (rock extremely competent)/rheology has improved

Lead-Zinc concentrate in addition to Gold concentrate:

· Ore body at depth at Colin has significant quantities of lead and zinc

· Up to 1% zinc in rock samples and core

· Lead-zinc has caused a problem in past 2 months in terms of floating gold

· We have changed the plant circuit and will now produce a lead-zinc and gold concentrate

· The lead-zinc concentrate will result in additional revenue

· We need to install additional floatation cells to increase grade and quantity of concentrate produced

· Build a lead-zinc circuit and expand gold circuit

· Capex of U$150,000 to US$250,000 (over 2 months)

Increased production from tailings operation by 10kt/month:

· We are allocating debt capital to start construction of 6 tailings ponds that will leach an additional 10kt/mth

· Capital of US$1.25m to complete the project

· Have completed raising the current tailings dam wall by 4m and have doubled the wall thickness in preparation for the tailings operation (moved over 1Mt of material)

· Need to complete additional sampling and metallurgical test work (2 months - samples have been dispatched to lab)

· Need to build a gold elution facility that will produce dorey gold bars from alluvial operation

· Increase recoveries to 85%

· Increase the effective gold price we receive from US$800/oz to the current spot gold price

· Tailings operation will double monthly production output from the mine within 4 months

Earn-in Option

We were pleased to renegotiate the earn-in option agreement on Chepica, with payment schedule deferred, and the renegotiation of the option payments remains ongoing.

Enquiries: