Buchans Minerals Corporation

2. Atlantic Canada
Exploration & Development
! BASE METAL PRE-DEVELOPMENT
! Lundberg Positive Preliminary Economic
Assessment
! Daniels Pond deposit
! MANGANESE PRE-DEVELOPMENT
Buchans ! Woodstock Manganese deposits
! Possible spin-out
Exploration
Office
Toronto
Head Office ! EXPLORATION HIGHLIGHTS
Woodstock
! Goldquest gold discovery
! Range copper / cobalt prospect

3. Directors & Management
! Warren MacLeod BA., Director & President, experienced junior mining operator
! Paul Moore M.Sc., P.Geo., Director & VP Exploration, 25 years exploration
! Ed Merringer LL.B., Director, former partner at Ladner Gervais Law firm
! Steve Poad CA, Director, CFO Colossus Minerals
! Dan Burneski CA, Director, experienced international commodities trader
! Andrew Forrest M.Sc., B.Eng., Director, mining engineer

4. Share Structure
Trading Exchange: Toronto Venture Exchange (TSX-V)
Trading Symbol: BMC.V
Shares Outstanding: 150,898,545
Options: 8,913,000
Warrants: 33,921,392
Cash (May 31st, 2011): $3,500,060
Market Cap (Jun 28th, 2011): ~$10,000,000

5. Lundberg Base Metal Deposit
Preliminary Economic Assessment
June 2011
The preliminary economic assessment is based only on Inferred Mineral Resources and are not Mineral Reserves and do
not have demonstrated economic viability. Inferred Mineral Resources are considered too speculative geologically to have
the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is
therefore no certainty that the conclusions of the PEA will be realized.

6. LUNDBERG DEPOSIT
PRELIMINARY ECONOMIC ASSESSMENT
Buchans Minerals – Benton JV – Ni-Cu
Buchans Minerals – Zn-Cu-Pb (VMS)

7. BUCHANS MINE (1928 – 1984)
Lucky Strike Glory Hole

8. LUNDBERG DEPOSIT:
Old Lucky Strike Glory Hole
Lundberg Mineralization

9. LUNDBERG & ENGINE HOUSE DEPOSITS

10. LUNDBERG RESOURCE
• Lundberg & Engine House deposits
• Bulk tonnage base metal stockwork mineralization at surface
• Open pit mine plan completed Wardrop Engineering
Lundberg Inferred Resource (National Instrument 43-101 compliant)
Threshold Tonnes Zn % Pb % Cu % Ag g/t Au g/t Combined
Zn, Pb, Cu %
Lundberg 20,700,000 1.68 0.72 0.38 5.92 0.07 2.78
Inferred Resource
Engine House 1,120,000 2.04 0.85 0.82 9.79 0.12 3.71
Inferred Resource
Inferred Resource * 17,278,660 1.63 0.69 0.40 5.96 0.07 2.72
Within Open Pit
Shell Design
* This value does not reflect any economic parameter, as an Inferred Mineral Resource Estimate does not imply mineability. Inferred Resource Estimate reported from: Technical
Report on the Mineral Resource Estimate for the Lundberg and Engine House deposits Buchans Area, Newfoundland, Canada. Prepared for Royal Roads Corp. by Peter
C. Webster, B.Sc., P.Geo., P. James F. Barr, B.Sc., Mercator Geological Services Limited. Effective Date November 3, 2008.

11. LUNDBERG INFERRED RESOURCE
BLOCKS & OPEN PIT DESIGN
LEGEND
Zn Pb Cu
Combined Grade
1-2 %
2-3 %
3-4 %
4-99 %

12. Lundberg conceptual site plan
NOTES:
LEGEND:
!

13. Preliminary Lundberg PEA Economics
Lundberg PEA Economic Summary Base Case
Pre-Tax IRR 40.92%
Pre-Tax NPV @ 6% discount rate $192.7 million
Pre-Tax Cash Flow over Life of Mine $433.2 million
Mine Capital $152.0 million
Inferred Resource included in PEA pit design (tonnes) 17,278,660
Waste Mined (tonnes) 52,930,648
Stripping Ratio 3.06 to 1
Metal Prices $1.22 Zn, $1.10 Pb, $3.62 Cu, $22.74 Ag
Operating Costs (Mining, Processing & G&A) $26.00 / tonne
Operating Years 10
Payback Period (Years) 1.5
The PEA is based only on Inferred Mineral Resources and are not Mineral Reserves and do not have demonstrated economic viability.
Inferred Mineral Resources are considered too speculative geologically to have the economic considerations applied to them that
would enable them to be categorized as Mineral Reserves, and there is therefore no certainty that the conclusions of the PEA will be
realized.

14. LUNDBERG POSSIBLE OPPORTUNITIES
POSSIBLE FUTURE ZINC PRODUCTION SHORTFALL

15. LUNDBERG POSSIBLE DANIELS POND
OPPORTUNITIES DEPOSIT
Buchans Minerals – Benton JV – Ni-Cu
Buchans Minerals – Zn-Cu-Pb (VMS)

16. LUNDBERG POSSIBLE OPPORTUNITIES
DANIELS POND DEPOSIT (100% OWNED)

17. LUNDBERG POSSIBLE DANIELS POND
OPPORTUNITIES DEPOSIT
• Daniels Pond deposit
• VMS base metal deposit exposed at surface
• Possible satellite mine contributing to larger Lundberg operation
Daniels Pond (National Instrument 43-101 compliant Indicated & Inferred resources)
Threshold Tonnes Zn % Pb % Cu % Ag g/t Au g/t Combined
Zn, Pb, Cu %
2.0 % Zn Indicated 929,000 5.13 2.50 0.34 101.40 0.63 7.98
2.0 % Zn Inferred 332,000 4.61 2.13 0.30 85.86 0.53 7.04

18. POSSIBLE OPPORTUNITY
EXPLORATION PROSPECTS
Buchans North (in situ)
Clementine (transported) Intersections sulphide prospects
historic (unclassified non-43-101 compliant) - 15.50% Cu, 1.85% Pb, 5.80% Zn, 214.8 g/
deposits (projected to surface)
0.36 Mt @ 4.9% Zn, 2.6% Pb, 0.3% Cu & t Ag & 2.92 g/t Au/ 0.30 m
- 15.52% Zn, 7.61% Pb, 0.92% Cu, 148.9 g/ stringer sulphide mineralization
41.0 g/t Ag
t Ag & 1.15 g/t Au/ 2.1 m favourable alteration
Buchans camp rocks
Outline of Buchans Camp rocks after GSC 2007
Little Sandy (stockwork)
Lundberg (stockwork near surface) historic (unclassified non-43-101 compliant)
20.7 million tonnes 0.16 Mt @ 1.9% Cu incl.
Red Indian Lake
1.68% Zn, 0.72% Pb, 0.38% Cu, 5.9 g/t - intersections up to 1.80% Cu/ 9.3 m
Clementine West Ag & 0.07 g/t Au (Inferred, 1% - Incl. 3.21% Cu/ 3.90 m
(stockwork) combined Cu+Pb+Zn cutoff) 5 km
Intersections up to 118 m

19. LUNDBERG POSSIBLE
OPPORTUNITIES
• Possible future shortfall in world zinc production (Brook Hunt)
• Possible satellite operation at Daniels Pond deposit (100%)
• Exploration prospects
• Clementine West
• Buchans North
• Possible improved metallurgical recoveries
• Possible Barite production
• Regional deposits

20. Manganese Woodstock Deposits
Market
• Manganese critical to Steel production – 10 kgs / 1 tonne steel
• Growing Market
• 8% per year for Manganese Ore Concentrates for a total current market
of 13.6 million tonnes per annum
• 26% per year for Electrolytic Manganese (EMM) for a total current market
of 1.2 million tonnes per annum
• Electrolytic Manganese supply controlled by China
• 97.4% of the 1.2 million tonnes per annum
• No North American production
• American Manganese planning production of 50,000 tonnes per annum
• Customers seeking secure supply chains
• North American ores amenable to lower cost production techniques

21. Manganese Woodstock Deposits
Market

22. Manganese
Roadmap to Development
New
Brunswick
Fredericton
Hartford Deposits
Halifax
200 km
Plymouth Deposit

23. Manganese Woodstock Deposits
Roadmap to Development
• Potentially one of the largest Woodstock Manganese
Manganese resources in North America (Historic non 43-101 compliant)
• historic non NI 43-101 compliant
Deposit Tonnes Mn % Fe %
(uncategorized)
• Manganese leaching confirmed in
1987 metallurgical tests by Witteck Plymouth 46,500,000 * 10.9 13.3
Development Corp.
North Hartford 45,000,000 * 8.00 12.0
• Potential to produce high purity
manganese products that include EMM,
South Hartford 45,000,000 * 8.00 12.0
EMD, Manganese dioxide powder,
carbonate, hydroxide, and sulphate
* These resources are historic in nature and are not national instrument 43-101 compliant and rely
entirely on data provided by other sources which have not and cannot be independently verified at
this time. As such, the data discussed herein should not be relied upon, but are presented as an
indication of the exploration and development potential of the mineralization described.
• 2011 drilling & hydrometallurgical
testing begins to confirm and optimize
Mn leaching & purification of Mn
solution

24. Exploration Long Range JV
Highlights

25. Goldquest Discovery (Gold)
N Range Copper
Prospect
Portage Nickel
Prospect
GOLDQUEST
DISCOVERY
outcrop up to 8.5 g/t Au & 30.7 g/t Ag
float up to 106.4 g/t Au & 364.3 g/t Ag 5 kilometres

26. lake
N
NORTH AREA
3 30 outcrop up to 8.5 g/t Au & 30.7 g/t Ag
34
0
float up to 18.3 g/t Au & 87.1 g/t Ag
34
0
3 40
outcrop rock sample
1.7 g/t Au, 8.1 g/t Ag
340
1.8 g/t Au, 7.7 g/t Ag outcrop float rock sample
float, 2 x 1.5 m soil sample
1.7 g/t Au, 5.4 g/t Ag
float, 1.5 x 0.5 m
12.4 g/t Au, 47.9 g/t Ag
3 50 float
Select samples labelled assaying greater
than 1 g/t gold
8.5 g/t Au, 30.7 g/t Ag
outcrop
gravel road Geology after van Staal et al., 2005, (GSC)
18.2 g/t Au, 87.1 g/t Ag Contoured elevation in metres above sea level
float 4.1 g/t Au, 18.8 g/t Ag
outcrop
360
3 60
360 gold in soil anomaly
(26 to 70 ppb Au) 100 metres
3 70
370
2.1 g/t Au, 8.8 g/t Ag
float
pond
7.3 g/t Au, 38.4 g/t Ag
float
19.8 g/t Au, 86.3 g/t Ag
SOUTH AREA
float, 20 cm float up to 106.438g/t Au & 364.3 g/t Ag
0
31.0 g/t Au, 138.0 g/t Ag 12.5 g/t Au, 43.3 g/t Ag
float, 90 x 60 cm float, 40 cm
3 60
Goldquest Gold Discovery
0
106.4 g/t Au, 364.3 g/t Ag
float, 30 x 10 cm 36
0
22.0 g/t Au, 84.0 g/t Ag Long Range JV, Newfoundland
float, 15 cm
assays highlights
27.9 g/t Au, 157.2 g/t Ag Assay results to January 10, 2011
meta-diorite/gabbro
(Ordovician) float, 50 x 30 cm
meta-tonalite/granodiorite
(Ordovician)

27. INVESTMENT OPPORTUNITY
• Company Market Capitalization (June 21st, 2011)
• $10 million
• Lundberg Preliminary Economic Assessment
• $193 million Net Present Value (at a discount rate of 6%)
• Woodstock manganese deposits (Program ongoing)
• Potentially one of the largest manganese resources in North America
• Historic non NI 43-101 compliant
• Goldquest Discovery (Program ongoing)
• New gold discovery in previously unexplored region of Newfoundland
• 50/50 Joint Venture with Benton Resources

28. Forward Looking Statement Disclaimer
This powerpoint presentation contains or refers to "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements in this
release, other than statements of historical fact, which address activities, events or developments that Buchans Minerals believes, expects or anticipates will or may occur in
the future are forward-looking information. Wherever possible, words such as "plans", "expects" or "does not expect", "budget", "scheduled", "estimates", "forecasts",
"anticipates" or "does not anticipate", "believes", "intends" and similar expressions or statements that certain actions, events or results "may", "could", " "would", "might"
or "will" be taken, occur or be achieved, have been used to identify forward-looking information.
In particular, all statements in this powerpoint presentation that address estimated resource quantities, grades and contained metals, possible future mining, and exploration
and development activities are forward looking statements. By its very nature, a preliminary economic assessment (“PEA”) prepared by Wardrop Engineering
(“Wardrop”) is preliminary. The PEA includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to
them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the findings of the PEA will be realized. Wardrop's assumptions,
estimates, expectations, analysis and opinions used in the PEA are based on the information available to Buchans Minerals and Wardrop as of the date of this news release.
Wardrop's assumptions and estimates are based on experience and perceptions of trends, current conditions and expected development as well as other factors that
Wardrop believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. In particular, assumptions have been made regarding a number
of variables that impact the Lundberg project and include, among other things, market prices for metals, exchange rates, inferred resource tonnages & grades, stripping
ratios, processing techniques, through-put rates, flotation recoveries, concentrate grades, smelter charges, transportation charges, tailings disposal, waste rock disposal, site
reclamation, equipment salvage, operating costs (including mining, processing & general administrative costs), capital costs and assumptions that all the necessary
regulatory (including environmental) permits will be issued in respect of the project.
Readers & viewers are cautioned that the foregoing list is not exhaustive of all factors, variables and assumptions which may have been used. Buchans Minerals is subject
to the specific risks inherent in the mining business as well as general economic and business conditions. Buchans Minerals’ actual results, programs and financial position
could differ materially from those anticipated in such forward-looking statements as a result of a number of factors, many of which are beyond the Company’s control.
These factors include, but are not necessarily limited to, results of the exploration activities and development of mineral properties, the interpretation of drilling results and
other geological data, the uncertainties of resource estimations, receipt and security of mineral property titles, receipt of licenses required to conduct mining activities,
country risks, project cost overruns or unanticipated costs and expenses, the availability of funds, fluctuations in metal prices, currency fluctuations, and general market and
industry conditions. Although the Company believes the expectations expressed in the PEA and other forward looking statements are based on reasonable assumptions,
there is no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such
information. Accordingly, such statements should not be in any way construed as guarantees of future performance as actual results or developments may differ materially
from those forward-looking statements and readers should not place undue reliance on this information.