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Cautionary Note Concerning Reserve & Resource Estimates

This website and some of the documents and materials therein, use the terms "measured resources", "indicated resources" and "inferred resources". United States investors are advised that while such terms are recognized and required by Canadian securities laws, the United States Securities and Exchange Commission (the "SEC") does not recognize them. Under United States standards, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Investors are cautioned not to assume that all or any part of measured or indicated resources will ever be converted into reserve. Inferred resources have even greater uncertainty than measured and indicated resources, both as to their existence and as to whether they can be mined legally or economically, and it cannot, and should not, be assumed that all or any part of an inferred resource will ever be upgraded to a higher category.

Historical Resources: Five properties owned by NRH hold historical resource estimates, defined prior to the implementation of current CIM or JORC guidelines. Management believes that these properties have been defined according to acceptable standards at the time, having been carried out by five different public companies with work being filed with the Ontario Securities Commission and the Toronto Stock Exchange and for this reason discloses these resources as historical while new reports are being prepared. All pertinent information relating to the estimation of the historical resources can be found under the "Project Reports" tab for each relevant project.

The following definitions (as per the JORC Code 2004), or similar, have been applied in estimating the Ore Reserves and Mineral Resources position of NRH disclosed throughout this website.

Mineral Resource: a concentration or occurrence of material of intrinsic economic interest in or on the Earth's crust in such form, quality and quantity that there are reasonable prospects for eventual economic extraction. The location, quantity, grade, geological characteristics and continuity of a Mineral Resource are known, estimated or interpreted from specific geological evidence and knowledge. Mineral Resources are sub-divided, in order of increasing geological confidence, into Inferred, Indicated and Measured categories.

Inferred Mineral Resource: that part of a Mineral Resource for which tonnage, grade and mineral content can be estimated with a low level of confidence. It is inferred from geological evidence and assumed but not verified geological and/or grade continuity. It is based on information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes which may be limited or of uncertain quality and reliability.

Indicated Mineral Resource: that part of a Mineral Resource for which tonnage, densities, shape, physical characteristics, grade and mineral content can be estimated with a reasonable level of confidence. It is based on exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. The locations are too widely or inappropriately spaced to confirm geological and/or grade continuity but are spaced closely enough for continuity to be assumed.

Measured Mineral Resource: that part of a Mineral Resource for which tonnage, densities, shape, physical characteristics, grade and mineral content can be estimated with a high level of confidence. It is based on detailed and reliable exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. The locations are spaced closely enough to confirm geological and grade continuity.

Cautionary Note Regarding Forward-Looking Statements

This website contains "forward-looking information" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Israeli securities legislation. Statements containing forward-looking information express the Company's plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and the Company does not intend, and does not assume any obligation to, update such statements containing the forward-looking information. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "projects" or "projected", "expects" or "does not expect", "is expected", "estimates", "forecasts", "scheduled", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or statements that certain actions, events or results "may", "can", "could", "would", "might" or "will be taken", "occur" or "be achieved". Statements containing forward-looking information include, but are not limited to, statements with respect to timing and budget of construction activities at the Company's development properties, the expected results from exploration activities, the future price of commodities, the economic viability of developing newly discovered ore bodies, the estimation of mineral reserves and resources, future production levels and the timing of such production, expectations regarding mine production costs, the requirements for additional capital and need for financing, the results of drilling and other exploration, and NRH commitment to, and plans for developing, newly discovered and existing mineralized structures.

Statements containing forward-looking information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of NRH and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, risks related to technological and operational nature of the Company's business, changes in government legislation, taxation or the political or economic environment, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters to deal with unanticipated economic factors, future prices of silver, gold and base metals, increased competition in the mining industry for properties, equipment, qualified personnel, and their rising costs, failure of plant, equipment or processes and other unpredictable risks and hazards relating to the operation and development of our mines or properties, accidents, labour disputes, the speculative nature of exploration and development, as well as those factors described in the section "Risks Related to Natural Resource Holding's Business" contained in the Company's most recent form 20F/Annual Information Form filed with the SEC and Tel Aviv Stock Exchange. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any statements containing forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on statements containing forward-looking information.

NRH does not update any forward-looking statements that are included on this website, or in the documents contained therein, except in accordance with applicable securities laws.

Privacy Statement

Maintaining the privacy of your personal information is important to NRH. The NRH website does not collect any personal information about visitors to this website other than as discussed herein or which is specifically and knowingly provided by you. Personal information will not be transferred to any party outside of NRH unless otherwise stated at the time of collection. NRH may collect and maintain statistics relating to the number of visits to the website, the types of browsers used and the Internet Protocol Address of the originator. This information is used only for internal purposes. Any material, information or other communication (including questions, comments or suggestions) you transmit to NRH through this website will be considered non-confidential and non-proprietary. In making any such transmission, you agree that NRH will have no obligations of any kind with respect to those communications. Where it is necessary, in order to respond to your enquiry, the communications you provide may be passed on within the NRH organization. By sending any communications to us, you are consenting to the personal information contained therein being transferred within NRH and being processed by NRH for these purposes. You are prohibited from posting or transmitting to or from NRH any unlawful, threatening, libelous, defamatory, obscene, pornographic, or other such materials, or materials or communications that may violate any law.