Bluejay Mining : Corporate Presentation 15 September 2021

Discover, Develop & Deliver Commodities for the Future

Greenland & Finland's Mineral Wealth

Corporate Presentation - Interim Results H1 2021 September 2021

Cautionary Statements

This presentation ('Presentation'), and the information contained herein, is not for viewing, release, distribution or publication into or in the United States or any other jurisdiction where applicable laws prohibit its release, distribution or publication. This Presentation is being issued by Bluejay Mining plc (the 'Company' or 'Bluejay') for information purposes only. The content of this Presentation has not been approved by an authorised person for the purposes of Section 21(2)(b) of the Financial Services and Markets Act 2000. Reliance on 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. This Presentation is not an admission document or an advertisement and does not constitute or form part of, and should not be construed as, an offer or invitation to sell or any solicitation of any offer to purchase or subscribe for any shares in the Company ('Shares') in the United States or any other jurisdiction.

Neither the Presentation, nor any part of it nor anything contained or referred to in it, nor the fact of its distribution, should form the basis of or be relied on in connection with or act as an inducement in relation to a decision to purchase or subscribe for or enter into any contract or make any other commitment whatsoever in relation to any Shares. Whilst the Presentation has been prepared in good faith, no representation or warranty, express or implied, is given by or on behalf of the Company, its respective directors and affiliates or any other person as to the accuracy or completeness of the information or opinions contained in this Presentation and no responsibility or liability whatsoever is or will be accepted by the Company, its respective directors and affiliates or any other person for any loss howsoever arising, directly or indirectly, from any use of such information or opinions or otherwise arising in connection therewith. Any such liability is expressly disclaimed. The contents of this Presentation are confidential and may not be copied, distributed, published or reproduced in whole or in part, or disclosed or distributed by recipients to any other person. No reliance may be placed for any purpose whatsoever on the information or opinions contained in this Presentation or on its completeness, accuracy or fairness. Certain statements, beliefs and opinions in this Presentation are forward-looking, which reflect the Company's or, as appropriate, the Company's directors' and/or proposed directors' current expectations and projections about future events. By their nature, forward- looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Although reasonable care has been taken to ensure the facts stated in this Presentation are accurate and that the assumptions expressed are fair and reasonable the information in this Presentation, which includes certain information drawn from public sources, does not purport to be comprehensive, and has not been independently verified and is liable to change. The date of this Presentation is November 2016. Forward-looking statements contained in this document regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements, which speak only as of the date of this document. Recipients should not treat the contents of this Presentation as advice relating to legal, taxation or investment matters, and are to make their own assessments concerning these and other consequences of the various investments, including the merits of investing and the risks. Recipients are advised to conduct their own due diligence. Accordingly, recipients should note that the Brokers are neither advising nor treating as a client any other person and will not be responsible to anyone other than the Company for providing the protections afforded to clients of the Brokers under the COBS nor for providing advice in relation to the proposals contained in this Presentation. The promotion of the Shares and the distribution of this Presentation in the United Kingdom are restricted by law. Accordingly, this Presentation is directed only at (i) persons outside the United Kingdom to whom it is lawful to communicate it, or (ii) persons having professional experience in matters relating to investments who fall within the definition "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the 'Order'), or (iii) high net worth companies, unincorporated associations and partnerships and trustees of high value trusts as described in Article 49(2) of the Order and any other persons who fall within other applicable exemptions under the Order (together, 'Relevant Persons'). Any investment or investment activity to which this Presentation relates is available only

to, and will be engaged in only with, Relevant Persons. This Presentation must not be acted on or relied on by persons who are not Relevant Persons. You represent and agree that you are a Relevant Person. In receiving any information relating to the Company (whether in written or oral form), including the information in this Presentation, you will be deemed to have represented and agreed for the benefit of the Company and the other legal and financial advisers participating in this process (i) that you will only use such information for the purposes of discussions with the Company, (ii) to hold such information in strict confidence and not to disclose it (or any discussions with any of the Company) to any person, except as may be required by law, regulation or court order, (iii) not to reproduce or distribute, in whole or in part, (directly or indirectly) any of the information in this Presentation; (iv) that you will comply with all laws applicable to possessing such information, including without limitation insider trading laws, market abuse regulations and applicable regulations and recommendations of the UK Financial Conduct Authority or any other relevant regulator, and

1. that you are permitted, in accordance with all applicable laws of all applicable jurisdictions, to receive such information. This Presentation (including its contents) is confidential and is for distribution only to a limited number of companies or persons and their professional advisers selected by the Company and its financial adviser for that purpose. It is not intended to be distributed or passed on, directly, or indirectly, to, and may not be read by, any other persons without the express written consent of the Company. This Presentation is being supplied to you solely for your information and may not be copied, reproduced, further distributed to any other person or published, in whole or in part, for any purpose. The distribution of this Presentation in certain non-UK jurisdictions may be restricted by law and therefore persons into whose possession this document comes should inform themselves about and observe any such restrictions. Any such distribution could result in a violation of the law of such jurisdictions. Neither this document nor any copy of it may, subject to certain exemptions, be taken or transmitted into Australia, Canada, Japan, South Africa, Singapore, or the US or distributed to these countries or to any national, citizen or resident thereof or any corporation, partnership or other entity created or organised under the laws thereof. This Presentation does not constitute or form any part of an offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe or otherwise acquire, any ordinary shares in the Company in any jurisdiction. No person other than Company is authorised to give any information or to make any representation other than as contained in this document and, if given or made, such information or representation must not be relied upon as having been authorised by the Company. This Presentation has been delivered to interested parties for information only and on the express understanding that they shall use it only for the purpose set out above. The distribution of this Presentation shall not be deemed to be any form of commitment on the part of the Company to proceed with any transaction. Any dispute, action or other proceeding concerning this presentation shall be adjudicated within the exclusive jurisdiction of the courts of England. All material contained in this Presentation (including in this disclaimer) shall be governed by and construed in accordance with the laws of England and Wales. Please note that the information in this Presentation has yet to be announced or otherwise made public and as such constitutes inside information as defined by Market Abuse Regulation, relevant information for the purposes of section 118 of FSMA and non-public price sensitive information for the purposes of the Criminal Justice Act 1993. You should not therefore deal in any way in the securities of the Company until after the formal release of an announcement by the Company as to do so may result in civil and/or criminal liability. Issued by Bluejay, a company incorporated in the England and Wales under number 07245568. The information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Roderick McIllree, who is Executive Chairman of the Company and a Member of The Australasian Institute of Mining and Metallurgy. Mr McIllree has sufficient experience, 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".

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Bluejay Mining

Interim Results Highlights for

6 months ending 30th June 2021

• Final permits in place to start production at Dundas
• Letter of Interest received from EXIM Bank
• Enonkoski Joint Venture and US $20 million exploration campaign agreed with Rio Tinto
• Drilling commenced at Enonkoski
• Positive dialogue with the new Government of Greenland
• First field season completed for the Thunderstone Project
• Appointment of Mr Johannus Egholm Hansen as Non-Executive Director
• Strong ongoing cash management (£5.2m) and progress on VAT appeal
• Post-period
• • Joint Venture signed at Disko-Nuussuaq project with KoBold Metals ('KoBold'); US $15 million.
  • Letters of Interest received from three Export Credit Agencies
  • HMRC withdraw their VAT case against the Company
  • Black Shales conditional £4 million divestment

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Discovery, Develop & Delivery…

Bluejay Investment Case

Quality,

Dedication,

Respect &

Growth

Strategy

1. Advance the

Dundas Ilmenite Project into Production

2. Drive value through development of other existing Projects

3. Build revenue to self- fund existing and future Projects

4. Strengthen portfolio adding assets, providing exposure to multiple commodities

	Shareholder structure
			Sandgrove
			Capital
			16.0%
	Other		M&G
		13.6%
	51.5%
			McIllree
			7.7%
			HSBC
		Danish/Greenlandic	6.8%
4		Govt. Inst. 4 %

Listed on

London Stock Exchange

AIM Market ('JAY')

US OTC ('BLLYF') Market., and Frankfurt ('S5WA') Exchanges.

Summary Investment Case

Bluejay Snapshot

Meeting demand:

• Global Trends

Low-risk jurisdiction:

• Country of Operations

Recognised potential:

• Greenland & Finland

Exploration Projects:

• Funded by strategic partnerships

Advanced Project:

• Mine fully permitted

Secure Offtake:

• Large strategic partner

Growth Strategy:

• Project Pipeline and additional resources

Inhouse Team:

• Expertise on how to operate & develop

Ethical, sustainable and responsible sourcing of critical

Green Transition & Global Growth Metals - the Bluejay Project Portfolio.

Transparent, secure, pro-mining regulated European countries with high Environmental, Social and Governance Standards as a prerequisite.

Well-endeavouredmineral-rich countries. Greenfield and Brownfield; data- rich projects. Mineral targets for drilling validated by several data types.

Deals of US $40M announced over the last 8 months. Two large-scaleexploration projects funded through JV partnerships with major renowned

miner and world most renowned investors.

The Dundas Ilmenite Mine is fully permitted for production and in advance dialogue for Project Financing which will allow construction and commencement of production of in demand ilmenite (TiO2).

Ilmenite customer secured for Dundas through Master Distribution offtake with large international trading & industrial conglomerate.

The Bluejay Project Pipeline - additional strong drill-ready projects for partnership or own developments. Additional identified ilmenite resources for additional decades of production at Dundas. An in-productionDundas transforms Bluejay into a self-fundedhigh growth/high returning business.

Highly experienced business, technical and market-orientedteam with decades of know-howin country of operations.

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